Bloomberg UK employment rose to a record high in the three months through May after the economy created jobs at a stronger-than-expected pace. The number of people in work rose by 137,000, taking the employment rate to 75.7 percent, the highest since records began in 1971, the Office for National Statistics said on Tuesday. Unemployment held at a 43-year low ...
Read More »Bloomberg For the first time, Walt Disney Co. spelled out for investors that 21st Century Fox Inc. may choose not to increase its takeover offer for British broadcaster Sky Plc. The revelation boosted speculation that Disney and Comcast Corp. may carve up Rupert Murdoch’s media empire rather than fighting to the end for the whole lot. Sky, the UK pay-TV ...
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Bloomberg Looking out over his parched fields south of Berlin, dairy and grains farmer Thomas Gaebert is wishing for rains to save his crops after relentless hot weather. He is one of many farmers battling for survival after a heatwave and drought swept across northern parts of the continent, damaging crops from wheat to barley. Many German growers could go ...
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ABU DHABI / WAM The value of non-oil trade between Abu Dhabi and China, in 2017, reached AED13.2 billion, constituting around 8.2 percent of the emirate’s registered trade that totalled AED160 billion during the same year, according to statistics from the Statistics Centre-Abu Dhabi (SCAD). Statistics on Abu Dhabi’s non-oil trade also show that China is among the top five ...
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ABU DHABI / WAM The UAE, led by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, with the aid of Allah Almighty and its highly qualified, educated and determined citizens will pursue its drive towards further development, progress and prosperity, stated His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of ...
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DUBAI / Emirates Business A recent report by Global Innovation Index 2017 stated that UAE ranks first in Mena region in terms of innovation. The United Arab Emirates has always adopted an innovative methodology, noting that innovation has become a future necessity for the development of world nations. And with the introduction of Value Added Tax (VAT) this year, UAE ...
Read More »DUBAI / Emirates Business DP World, UAE Region, the Middle East’s leading regional trade enabler, signed an important strategic long-term service agreement with Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, aimed at supporting the UAE’s position as a major exporter of the metal. The agreement extends the strategic partnership between ...
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ABU DHABI / WAM Huang Jang Zhang, the President of the Chinese Business Council in the UAE has said that the upcoming visit of President Xi Jinping of China to the UAE will help boost the political and economic ties between the two countries and will also create additional commercial links, to achieve the mutual goals of the business communities ...
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BEIJING / WAM The Sheikh Zayed bin Sultan Al Nahyan Centre for Arabic Language and Islamic Studies is a cultural beacon in the People’s Republic of China, which is well known to knowledge seekers in Beijing. The centre was established in 1994 with a grant provided by the Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan during his ...
Read More »ABU DHABI / WAM With the upcoming visit of President Xi Jinping of China, global media outlets have placed a spotlight on the burgeoning ties between the UAE and China. According to XinhuaNet, President Xi Jinping will pay a state visit to the UAE at the invitation of President His Highness Sheikh Khalifa bin Sultan Al Nahyan, as part of ...
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