News

Bloomberg Economic data have returned to the forefront for investors in US Treasuries, and may be turning the market around. Ten-year Treasury yields staged their strongest single-day upswing since November 2016, driving the rate to the highest since 2011. The surge followed a record-high reading on activity in the US services sector and stronger-than-anticipated gains in a private employment survey. ...

ABU DHABI / WAM UAE Federal ministries have reported total revenues of AED39 billion during H1 2018, with implementation at 75.9 percent of the total actual budget of AED51.388 billion, according to the general budget implementation financial perfor- mance report released by the Ministry of Finance. Expenditures amounted to AED33.2 billion, with the ministries recording 64.6 percent of implementation, achieving ...

ABU DHABI / WAM The UAE has been once again ranked as the largest donor of emergency humanitarian assistance to Yemen in the world for 2018. According to the Financial Tracking Service (FTS), a centralised source of information on humanitarian funding flows, the UAE is also the second-largest source supporting the 2018 Yemen Humanitarian Response Plan (YHRP), following Kingdom of ...

ABU DHABI / WAM Etihad Airways has launched a contemporary airport lounge brand in partnership with No1 Lounges. To be known as ‘The House’, the project is the result of a unique collaboration between the airline and award-winning lounge provider, which will operate the new brand. The project begins at London Heathrow, where Etihad Airways’ lounge will be rebra-nded ‘The ...

ABU DHABI / WAM Abu Dhabi based investment company (Sanad AD) on Wednesday announced a minority investment in local food and beverage company, Slices. The strategic new partnership is expected to help Slices in its continuing crusade to provide wholesome, nutritious meals within the education sector, across schools in Abu Dhabi, Al Ain, Dubai and Sharjah —improving the health of ...

Dubai / Emirates Business The September data for Emirates NBD Purchasing Managers’ Index (PMI) for the UAE was released on Wednesday. The survey, compiled by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector. Commenting on the UAE PMI survey, Khatija Haque, Head of MENA Research at Emirates NBD, said: ...

Dubai / Emirates Business Microsoft’s technology ecosystem and the growing popularity of cloud services will create more than 55,000 jobs in the United Arab Emirates by the end of 2022, according to new research by the International Data Corporation (IDC). The study also covers findings from other Middle Eastern markets such as Saudi Arabia and Bahrain. IDC’s white paper analyses ...

ABU DHABI / WAM The UAE has realised, at an early stage, the importance of drafting a comprehensive strategy to combat extremism and terrorism, as well as eliminating the regional and international intellectual and cultural causes of extremism. The UAE was among the first countries to call for combining anti-terrorist security campaigns and intellectual campaigns to counter extremist ideologies. The ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Wednesday visited the ‘50 Years of Expo: Participant to Host’ exhibition that tells the story of the UAE’s extensive history of participation in World Expos, in the lead up to Expo 2020 Dubai. The showcase was ...

ABU DHABI / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of the Abu Dhabi Executive Council, launched the “First Elderlies Forum,” which was organised by the Family Development Foundation (FDF), under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme ...