News

Bloomberg German businesses are growing increasingly optimistic that government support at home and an unprecedented euro-area fiscal plan will bolster demand and drive an economic recovery later this year. Expectations at companies surveyed by the country’s Ifo institute improved to 97 in July from a revised 91.6 in June, the strongest reading since late 2018. The main business climate index ...

Bloomberg The number of electric cars on Britain’s roads will jump to 30 million in next 20 years, helped by government policies to phase out sale of polluting cars. The nation’s goal of reaching net-zero emissions by mid-century is looking more achievable under three out of four scenarios modelled by network operator National Grid Plc’s Electricity System Operator unit in ...

Bloomberg The UK proposed strict new limits on junk food advertising as ministers seek to control the country’s growing obesity problem, which has been identified as a factor in coronavirus deaths. Plans include banning TV and online advertising of foods high in fat, sugar or salt before 9 p.m., the Department for Health and Social Care said on Monday. Advertisers ...

Abu Dhabi / WAM Abu Dhabi Aviation’s revenues for the period ended June 30 amounted to AED895.7 million, according to the financial results of the Abu Dhabi Securities Exchange-listed company. The company’s operating profit reached AED152 million and the net profit stood at AED47.8 million, the financial notes published on Sunday on the ADX’s website show. The company’s assets edged ...

Abu Dhabi / WAM The Emirates Water and Electricity Company (Ewec), a leading company in the coordination of planning, purchasing and providing of water and electricity across the UAE, announced the award for the world’s largest solar power plant in Abu Dhabi. The project was awarded to a consortium led by the Abu Dhabi National Energy Company (Taqa) and Masdar, ...

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 ...

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 ...

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 ...

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 ...

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 ...