News

Europe’s economy to outpace US in upending of past roles

Bloomberg The euro area economy is for once set for a sprightlier recovery from crisis than the US, thanks to starkly different responses to the coronavirus. America’s failure to get a grip on the pandemic is putting the brakes on its rebound compared with Europe, where many former virus hot spots managed to resume economic activity without causing a similar ...

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Sharjah Media City signs JV with Connected Circles

Sharjah / WAM Sharjah Media City (Shams) a world-class media hub for innovative facilities and services, joined forces with Connected Circles, an Amsterdam-based company which helps retain and attract talents, boost brands reach, and gain trust through transparency, consistency, and relevant content. The joint venture aims to bring knowledge, experience, and business processes from Amsterdam to the Middle East. The ...

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Ajman, Zambia discuss ways to boost trade

Ajman / WAM Representatives of the Ajman Chamber of Commerce and Industry and Consulate of Zambia discussed joint economic cooperation and various investment opportunities available to both sides, in a bid to increase the value of trade and promote partnerships between investors from Ajman and Zambia. The chamber was represented at the meeting by Salem Al Suwaidi, Director-General of the ...

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Tabreed reports AED224.3mn net profit in first half of 2020

Abu Dhabi / WAM Tabreed, the National Central Cooling Company, released on Sunday its consolidated financial results for the first six months of 2020. The company reported in a statement on Sunday a net profit of AED 224.30 million, driven by the acquisition of its Downtown Dubai district cooling business in a long-term partnership with Emaar, one of the world’s ...

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UAE, Greece sign MoU on culture, creative sector

Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, signed a virtual Memorandum of Understanding (MoU) with Lina G. Mendoni, Minister of Culture and Sports of Greece, to reinforce the cultural and creative cooperation between the UAE and Greece. The signing took place on the sidelines of the UAE-Greece Strategic Cooperation Forum, which was held ...

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Sharjah implements five strategic water lines

Sharjah / WAM The Sharjah Electricity and Water Authority (Sewa) revealed the implementation of five strategic development projects in the field of water transmission lines and increasing its capacity. The project includes the extension of a water pipeline from the Hamdah area to the Al Badee area with a total length of 55,000 metres, and the completion of a project ...

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Emirates Post introduces digital location management service

Abu Dhabi / WAM Emirates Post is expanding its product offering with the introduction of a digital location management service for the UAE businesses, called ‘Smart Places’. In partnership with Local Knowledge, a local listings management company, the new service will provide an easy and accessible solution to business owners who seek to claim and update their business on Google ...

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Ajman, Zambia discuss economic cooperation

Ajman / WAM Representatives of the Ajman Chamber of Commerce and Industry and Consulate of Zambia discussed joint economic cooperation and various investment opportunities available to both sides, in a bid to increase the value of trade and promote partnerships between investors from Ajman and Zambia. The chamber was represented at the meeting by Salem Al Suwaidi, Director-General of the ...

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Reality of global exhibitions sector post-Covid-19 explored

Sharjah / WAM A study by the Expo Centre Sharjah on the reality of the global exhibitions sector and the prospects amid the repercussions of the Covid-19 pandemic has shown that 74 percent of those participated in the study underlined that virtual shows are seen as important complementary to the physical exhibitions, while 60 percent said that online exhibitions will ...

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US-China trade deal may fall victim to spiraling ties

Bloomberg As US-China ties have deteriorated since the Covid-19 pandemic devastated the globe, the trade deal they signed in January has served as sort of a linchpin in the relationship. Now that also could be coming undone. President Donald Trump, who has repeatedly blamed China for the virus’s spread ahead of the US election in November, said the phase-one trade ...

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