News

Bloomberg President Donald Trump has presided over an accelerating economy and the lowest unemployment in years, but American workers still aren’t seeing it in their wallets. US average hourly earnings adjusted for inflation fell 0.2 percent in July from a year earlier, data showed, notching the lowest reading since 2012. While inflation isn’t high in historical terms, after years of ...

Bloomberg KKR & Co. is expanding its growth-equity group, adding to its New York office under the leadership of Erica Martin. The firm will add four or five people to the team focusing on technology, media and telecommunications in the next couple of months, according to Martin, who joined earlier this year from buyout firm Warburg Pincus. KKR had about ...

ABU DHABI / WAM The United Arab Emirates will, on Sunday, observe “International Youth Day”, highlighting the great importance attached to the welfare and progress of the youth. The UAE Government seeks to empower the young generation and prepare them to contribute to the welfare of the Emirati community by instilling in them leadership qualities and by engaging them in ...

KHARTOUM / WAM The Kingdom of Saudi Arabia is making strenuous efforts for the convenience and comfort of millions of pilgrims while performing the fifth pillar of Islam, stated Dr Mohammed Mattar Al Kaabi, Chairman of the General Authority of Islamic Affairs and Endowments, Awqaf, and Head of the UAE Haj Mission. “The KSA warmly welcomes millions of pilgrims and ...

ADDIS ABABA / WAM Ethiopian Prime Minister, Abiy Ahmed, received Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and discussed prospects for joint cooperation, especially in vital areas of energy, infrastructure, investment, free industrial zones and civil aviation. While in the capital, Addis Ababa, Al Hashemy held a series of meetings with Ethiopian senior officials, tackling bilateral ...

ABU DHABI / WAM The UAE has strongly condemned a vehicle explosion that took place when gendarmerie and public security personnel were taking part in a joint patrol in the Jordanian capital, Amman. “The UAE stands in solidarity with the Hashemite Kingdom of Jordan against any attempts to its security and stability and supports whatever measures it may take to ...

HAVANA / WAM Badr Abdullah Al Matroushi, UAE Ambassador to Cuba and Non-Resident Ambassador to Jamaica and Haiti, presented invitations to their respective minsters to take part in the first UAE-Caribbean Forum, due to be held on November 24-26 in Dubai. Al Matroushi, who is also the Representative of the UAE to the Caribbean Islands Nations, emphasised the strong bonds ...

ABU DHABI / WAM Abu Dhabi Police has announced that as of October 1, new regulations for registering classic vehicles will be implemented after the technical tests and issuance of the insurance policy. Under the new system, the classic vehicles will be classified into two categories — the first of which is a one-year registration for vehicles that can be ...

AJMAN / WAM The number of guests in Ajman’s hotels increased by 14 percent in the first half of this year compared to the same period last year, supported by increasing efforts to promote the emirate and by Ajman’s success in diversifying its tourism markets, which is reflected in the occupancy rate which grew by five percent. Ajman’s total revenue ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) affirmed its commitment to supporting Emirati youth by highlighting their role in the comprehensive sustainable development. ‘‘Our plans and initiatives to empower them, build their capacities and unleash their creativity, are inspired by the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE ...