News

Bloomberg Euro-area confidence extended its slide in May as cooling economic growth in the region was met with budding political uncertainties. The European Commission’s index of sentiment slipped to 112.5 from 112.7, taking the gauge to its lowest in nine months. While the decline was less than economists had forecast, it’s the fifth straight drop after optimism reached a 17-year ...

Bloomberg KKR & Co. agreed to acquire BMC Software Inc. in a deal that valued the information technology management provider at about $8.3 billion including debt, according to a person familiar with the matter. KKR will buy BMC from an investor group led by Bain Capital and Golden Gate Capital together with GIC Pte Ltd., Insight Venture Partners and Elliott ...

Bloomberg German unemployment fell to a fresh record low as companies in Europe’s largest economy stepped up hiring to work through backlogs even amid signs of slowing growth. The jobless rate dropped to 5.2% in May, Federal Labor Agency in Nuremberg said on Wednesday. The number of people out of work fell by a seasonally adjusted 11,000 to 2.358 million, ...

GENEVA / WAM Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, has discussed, with Ruba Jaradat, Assistant Director-General of the International Labour Organisation (ILO), and Regional Director for Arab Countries, the potential technical cooperation between the UAE and ILO. Their discussion took place during a meeting on Tuesday in Geneva, on the sidelines of the 107th International ...

OTTAWA / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Harjit Singh Sajjan, Minister of National Defence of Canada. During the meeting, the two sides discussed cooperation ties between the UAE and Canada especially in the military, security and defence industry sectors. They also exchanged views on the latest developments in ...

Bloomberg President Donald Trump signalled his intention to impose tariffs on $50 billion in Chinese imports and curbs on investments in sensitive technology, sending a hawkish message to Beijing days before the latest round of trade talks between the world’s two largest economies. In a statement on Tuesday, the White House said a final list of covered imports will be ...

Bloomberg Energy ministers from Saudi Arabia, the United Arab Emirates and Kuwait plan to meet on Saturday to discuss OPEC matters, about a week after the Saudis and Russia announced a new policy to revive oil production. Saudi Energy Minister Khalid Al-Falih will meet with Kuwait’s Bakheet Al-Rashidi and the UAE’s Suhail Al Mazrouei — also the holder of OPEC’s ...

ABU DHABI / WAM Abu Dhabi City Municipality (ADM) has completed the e-link project with Abu Dhabi Judicial Department under which official transactions will be based on a centralised digital system for both parties. The Electronic Records & Archiving Team at ADM visited the Judicial Department — Abu Dhabi, and Abu Dhabi General Services Company (Musanada), to discuss the implementation ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa) witnessed the signing of MoU with three start-ups to work with them in 4th Dubai Future Accelerators Programme. It is organised by Dubai Future Founda- tion, with theme ‘One Team Co-Creating the Future.’ It aims to strengthen the UAE’s position, enhance its role ...

Bloomberg Emirates NBD partnered with Diebold Nixdorf, a world leader in driving connected commerce, to soon launch Emirates NBD EasyHub, the region’s first integrated digital kiosk that will allow customers to sign up for new products and access a variety of teller services, functioning like a mini-branch that is open beyond normal banking hours and all days of the week. ...