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Dubai / Emirates Business Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly owned subsidiary of Marsh & McLennan Companies, on Wednesday announced the results of its annual 2019 Quality of Living survey. In its 21st year, the survey ranked Dubai and Abu Dhabi as the Middle East region’s leading cities. This marked the 7th ...

Dubai / WAM Etihad Credit Insurance (ECI), employed nine participants of its National Accelerator Programme, after successful completion of their intensive training through select leading industry professionals, academicians of reputed institutions. The Accelerator Programme initiative by the UAE Federal export credit company is aligned with the UAE Vision 2021 and not only encourages skill development and talent involvement in the government ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec), signed a Memorandum of Understanding (MoU), with Enusa Industrias Avanzadas (Enusa), defining a framework for collaboration and the exchange of information and expertise in the field of nuclear fuel services. The MoU was signed at Enec’s headquarters in Abu Dhabi, by Mohamed Al Hammadi, CEO of Enec, and Jose Vicente ...

Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, congratulated mothers and children on the occasion of ‘Emirati Children’s Day’, celebrated annually on March 15. In a speech marking the occasion, Sheikha Fatima said that Emirati children ...

Dubai / WAM DP World Berbera has achieved another milestone for Somaliland, commissioning the first Mobile Harbour Cranes (MHCs), at the Port of Berbera this month. The introduction of the MHCs is a landmark development by DP World Berbera, as the port will for the first time offer shoreside crane support, substantially improving vessel operations. The $12 million investment on ...

Bloomberg Hong Kong’s de facto central bank intervened to defend the local currency’s peg against the dollar for second time in days. The Hong Kong Monetary Authority (HKMA) bought $500 million of local currency, according to its page on Bloomberg, after the Hong Kong dollar fell to weak end of its HK$7.75-HK$7.85 trading band. It also purchased $192mn worth at ...

Bloomberg Australia’s consumer confidence slumped in March as households were shaken by a slowdown in economic growth and the prolonged downturn in the property market. Sentiment fell 4.8 percent to 98.8, the weakest reading since September 2017 and meaning pessimists now outnumber optimists, Westpac Banking Corp. said in a statement Wednesday. It said responses during the survey showed “a marked ...

Bloomberg Subdued inflation in India is proving to be a dilemma for Prime Minister Narendra Modi weeks before a crucial vote. While most politicians heading into elections would want to cheer their efforts in taming the inflation dragon — especially in emerging economies like India, where price surges can oust governments — Modi has been restrained about this achievement. That’s ...

Bloomberg China will fall well short of its target of cutting taxes and fees by a record 2 trillion yuan ($298 billion) this year, according to S&P Global Ratings. The government will likely only be able to cut taxes by 1.5 trillion yuan, about 25 percent short of its goal, S&P credit analysts led by Yutong Zou wrote in a ...

Bloomberg Apple Inc. should be probed by the European Union’s antitrust agency over how it allegedly squeezes rival music streaming services, Spotify Technology SA said, escalating a row over how Apple takes a cut of all sales on its app store. The iPhone maker has created an “untenable” situation by imposing ever-changing rules and a 30 percent tax for apps ...