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Bloomberg Ireland imposed some of the most severe pandemic restrictions in Europe as countries across the region battle to overcome the virus. Non-essential stores and restaurants will be forced to close for at least six weeks, Prime Minister Micheal Martin said. Travel will be further restricted, with people told to stay within 5 kilometers (3.1 miles) of their home. Countries ...

Bloomberg Swiss watch exports extended their longest decline in about three years as the industry becomes even more dependent on the Chinese market. Shipments fall 12% to $1.76 billion in September, dropping an eighth consecutive month, according to the Federation of the Swiss Watch Industry. Exports to China surged 79%, while falling almost everywhere else. China has been one of ...

Bloomberg Job vacancies in London’s finance industry slumped 54% in the third quarter compared to 2019 as uncertainty around coronavirus, Brexit and bank profits discouraged hiring. City firms were advertising 3,810 roles in the three months through September, according to data from recruitment firm Morgan McKinley. While this is a fraction of the opportunities available in previous years, the total ...

Abu Dhabi / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a Resolution to endorse the Abraham Accords Peace Agreement and full diplomatic relations between the UAE and the State of Israel. It also directed the initiation of constitutional procedures to ...

Abu Dhabi / WAM ADQ, one of the region’s holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, announced it entered into a non-binding agreement with Lulu International Holdings (LIHL) paving the way for an investment supporting LIHL’s expansion of operations in Egypt of up to $1 billion. The agreement was signed ...

Abu Dhabi / WAM An Emirati delegation, led by Khadim Abdulla Aldarei, Co-Founder and the Vice Chairman of Al Dahra Holding, has visited Israel upon an invitation from Netafim, one of Israel’s leading companies in the field of innovative irrigation solutions and advanced agriculture, under the patronage of the Ministry of Agriculture and Rural Development of Israel. During the visit, ...

Abu Dhabi / WAM Net international reserves in the UAE grew 1.1 percent during August this year to AED353.15 billion from AED349.25 billion in July, according to the statistics shown by the central bank of UAE. The balance of foreign securities, and other foreign assets increased to AED12.66 billion and AED32.43 billion, respectively during the same month. When a country ...

Bloomberg Oil steadied as Saudi Arabia vowed that Opec and its partners will do what’s necessary to balance the market. The Organisation of Petroleum Exporting Countries (Opec) will “nip negative trends in the bud” as uncertainty in the energy market persists, Saudi Oil Minister Prince Abdulaziz Bin Salman said at group’s Joint Ministerial Monitoring Committee meeting. At the same time, ...

Abu Dhabi / WAM Hub71 and the Saudi Ministry of Communications and Information Technology’s (MCIT) Digital Innovation Centre struck a new strategic partnership to increase collaboration that drives digital innovation and tech entrepreneurship between the UAE and Saudi Arabia. The three-year agreement aims to foster international knowledge exchange and talent growth in the UAE and Saudi Arabia, in addition to ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 77,291 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 915 new coronavirus cases, bringing the total number of recorded cases in the UAE to 116,517. The ministry also noted an additional ...