News

ABU DHABI / WAM A coordination meeting to develop future plans and explore community development was held, which discussed opportunities for improvement and the strengths and weaknesses of services provided by the Unified Family Counselling Portal. HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman ...

DUBAI / WAM Emirates plans to operate four flights between Dubai and Cairo on June 14, 18, 19 and 21. Customers can also connect to these flights in Dubai from any destination on Emirates’ current network of 30 destinations in the GCC, Asia Pacific, Europe and the Americas. In a statement by the airline on Thursday, flights can be booked ...

AJMAN / WAM Ajman’s Department of Economic Development has seized counterfeit engine oil valued at AED20 million after an investigation revealed they were being marketed under international brand names in a factory in Ajman’s Industrial Area. Some 100,000 containers were confiscated by the Control and Consumer Protection Department, and the factory was immediately fined and closed, Ajman DED said in ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry has announced that it recently kicked off a webinar series providing African business leaders and entrepreneurs with useful information about doing business in Dubai, and promoting Dubai as an ideal hub for African companies. The Benefits of Doing Business in Dubai series was organised by the Chamber’s representative offices in ...

Abu Dhabi / WAM Etihad Airways and Aldar Properties have entered into a historic partnership that brings benefits to UAE-based Etihad Guest members and shoppers in the UAE capital, Abu Dhabi. Through this exclusive agreement Etihad Guest members can now earn and spend their Etihad Guest Miles on purchases made with their Visa cards at three malls within Aldar’s retail ...

Dubai / WAM Dubai property developer Nakheel has announced the increase in demand for villas, with sales worth AED223 million in the last three months, as buyers look for more indoor and outdoor living space to adapt to the ‘new normal’. According to a press release issued by the company on Thursday, Nakheel has sold 70 villas with a sales ...

Bloomberg Germany’s economy is heading for a contraction of almost 10% this year due to the fallout from the coronavirus pandemic and will recover only gradually from its worst recession since World War II, according to one of the nation’s leading research institutes. Gross domestic product will likely shrink by 9.4% in 2020, before expanding by 3% next year, the ...

Bloomberg The surge in Tesla Inc.’s shares so far this month moved Elon Musk’s company even closer to displacing Toyota Motor Corp. as the world’s most valuable carmaker. With a market capitalisation of more than $190 billion, Tesla still has some distance to close to reach Toyota’s $210 billion valuation, which includes treasury shares, according to data compiled by Bloomberg. ...

Bloomberg Ford Motor Co. is recalling about 2.5 million vehicles, including its best-selling F-150 pickup, in North America to fix faulty door latches and a potentially dangerous brake issue. The first problem affects 2.15 million cars, SUVs and vans, according to a statement. Latches that were susceptible to cracking and breaking in high temperatures may not have been replaced or ...

Bloomberg Centrica Plc is set to cut 5,000 jobs before the end of the year in order to meet its cost cutting targets as the uncertainty of the coronavirus pandemic accelerated losses. The job cuts, which amount to around 19% of the utility’s workforce, include 2,500 roles in senior management. Half of the 40-person leadership team is to leave by ...