News

Bloomberg The German economy will have to lean on homegrown support to put the brakes on a slowdown after its worst performance in five years. Record-low unemployment, stronger wage gains and fiscal stimulus will underpin domestic demand after Europe’s growth engine stuttered in the second half of 2018, even though it avoided a recession. With export prospects deteriorating, those buffers ...

ABU DHABI / WAM Ambitious plans are currently underway to ensure agricultural sustainability and food security in Abu Dhabi, according to the emirate’s Food Control Authority Director. Saeed Al Bahari Salem Al Ameri, Director of the Abu Dhabi Food Control Authority (ADFCA), said that the authority is working on an ambitious plan to achieve agricultural sustainability, as well as to ...

Abu Dhabi / WAM Abu Dhabi Transmission and Despatch Company (Transco), an ent- ity of the Department of Energy, Abu Dhabi, on Tuesday signed an agr-eement with the ISLE Group to be the first official member of the Technology Approval Group (TAG) in the UAE. TAG, launched in the UK 15 years ago, is a forum that brings together water ...

DUBAI / Emirates Business Consumer confidence in the UAE rebounded in the fourth quarter of 2018, as residents absorbed the impact of VAT and high expenses incurred over the summer. That’s according to the consumer confidence tracker Q4 2018 from yallacompare, the Middle East’s leading comparison site for financial products. During the fourth quarter of 2018, the tracker polled more ...

Bloomberg Oil rose amid estimates of another decline in US crude inventories and signs that China is stepping up efforts to combat an economic slowdown. Futures in New York climbed as much as 3 percent after sinking during the past two sessions. American stockpiles probably fell for the sixth time in seven weeks, according to a Bloomberg survey of analysts ...

Dubai / WAM The Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) Mattar Al Tayer, met with India’s Consul-General in Dubai Vipul, and explored means of boosting cooperation and exchanging expertise between RTA and Indian entities operating in the field of railways, roads and transport. During the meeting, the two parties also ...

Abu Dhabi / WAM Masdar, the Abu Dhabi Future Energy Company, and Taaleri Energia, a Finnish wind and solar developer and fund manager, have announced the signing of an agreement for the establishment of a joint venture with the aim of developing renewable energy projects in Central and Eastern Europe. The joint venture aims to build upon the success of ...

Abu Dhabi / WAM Abu Dhabi Future Energy Company, Masdar, and Cepsa strengthened their collaboration in renewables by signing a Partnership Agreement on Tuesday at Abu Dhabi Sustainability Week, one of the world’s largest gatherings on sustainability that is currently being held in the UAE capital. After signing a Memorandum of Understanding, MoU in 2017, this new agreement aims to ...

DUBAI / WAM Nasdaq Dubai announced the launch of futures trading on the MSCI UAE equity index on Tuesday, in its latest expansion of the futures market. In a press statement, the exchange explained that the contracts are designed to appeal to international and regional investors seeking exposure to leading UAE companies. Robert Ansari, Executive Director – Head of the ...

DUBAI / WAM Dubai Chamber of Commerce and Industry on Tuesday hosted a high-level Kiribati delegation led by the country’s President Taneti Maamau, in an effort to enhance bilateral relations and explore new avenues of economic cooperation. During a meeting at Dubai Chamber’s headquarters, Maamau expressed his intention to open up Kiribati’s economy and establish new partnerships in several sectors ...