News

ISLAMABAD / WAM Pakistani Prime Minister Imran Khan has inaugurated the Sheikh Mohamed bin Zayed Al Nahyan Road, a 42 km road in the Mohmand district of Khyber Pakhtunkhwa. The project was implemented by the UAE Pakistan Assistance Programme (UAE-PAP) and financed by the Abu Dhabi Fund for Development, at a cost of $29.12 million. The opening of the road ...

SHARJAH / WAM The Sharjah Chamber of Commerce & Industry (SCCI) received a Romanian delegation as part of the efforts to enhance the bilateral economic relations, boost trade exchange, develop relations between business communities in both countries, and examine possibility of holding joint economic activities to introduce investment opportunities available on both sides. The meeting was attended by Abdullah Sultan ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the launch of the Emirates Lunar Mission, the first Emirati and Arab mission to explore the moon. The mission supports the UAE’s efforts to enhance the region’s space industry and contribute to its future built by ...

Abu Dhabi / WAM Khalifa Fund for Enterprise Development has officially launched the ‘SME Rating’, a digital classification system that provides a comprehensive overview of the logistics, operations and overall performance of SMEs. The SME Rating measures the SMEs through a key set of financial and operational evaluation criteria including financial and productivity management, business sustainability and human resources. The ...

Abu Dhabi / WAM The number of employed persons in the UAE accounted for 97.8 percent of the country’s working age population by the end of 2019, figures by the Federal Ccompetitiveness and Statistics Authority (FCSA) have shown, indicating that the majority of the total population are engaged in economically productive activities. The number of workforce was 7.388 million in ...

ABU DHABI / WAM Sanad, an industry leader in aerospace engineering and leasing solutions, and Etihad Airways, the UAE’s national carrier, have closed a new spare engine deal which further cements Abu Dhabi’s position as a self-sustaining international aviation sector hub. The announcement of the new deal came during the Global Aerospace Summit in Abu Dhabi, where industry leaders convened ...

Bloomberg The UK could be facing a long-term increase in the size of the state as well as a substantial tax increase as a result of the coronavirus pandemic, according to the Institute for Fiscal Studies. The influential research group said on Tuesday it is “highly plausible” that government spending is around 45% of gross domestic product by the middle ...

Bloomberg Swedish confidence indicators rise for a fifth consecutive month in September, to levels not seen since the outbreak of the coronavirus pandemic. The overall economic tendency survey rise to 94.5, from a revised 87.6 in August, the National Institute of Economic Research said on Tuesday. That is the highest level since February, before the pandemic sent sentiment plunging to ...

Bloomberg UK mortgage approvals hit a 13-year high in August as the housing market extended its tax-cut fuelled mini boom. Lenders signed 84,700 home-loan agreements, the most since October 2007, the Bank of England said on Tuesday. Demand for unsecured credit slowed from July. The surge in approvals reflects homebuyers seeking to tie up deals after Chancellor Rishi Sunak waived ...

Bloomberg Economic confidence in the euro area continued to improve in September, albeit at a slower pace as resurgent virus infections cast uncertainty over the outlook. A European Commission sentiment index rises for a fifth month to 91.1, exceeding economists’ median estimate. Yet confidence remains more than 30% below its pre-crisis level and evidence is building that the steep rebound ...