News

  Dubai / WAM The Emirates Nuclear Energy Corporation (ENEC) and Nawah Energy Company (Nawah) say that their most recent marine environmental survey off the coast of the Barakah nuclear energy plant has shown the presence of several marine species as a result of the artificial reef which was created there in 2014. The results reveal that a diverse and abundant ...

  Abu Dhabi / WAM The National Media Council (NMC) presented 22,000 books to the Ministry of Culture and Knowledge Development (MoCKD), in line with the initiative launched by President His Highness Sheikh Khalifa bin Zayed Al Nahyan to mark 2016 as ‘The Year of reading’. Mansour Al Mansouri, Acting Director of the NMC, said His Highness Sheikh Khalifa bin Zayed ...

AFP New British leader Theresa May sought to start shaping her country’s post-EU access to world markets on Monday, but faced a Japanese warning over the fallout from Brexit and the US saying it was not its first priority. In the wake of its vote to leave the European Union, Britain must renegotiate its access to world markets, an issue ...

  AFP Activity in Britain’s crucial services sector recorded a record jump in August, rebounding strongly from a slump immediately following the country’s vote to exit the EU, a survey showed on Monday. The latest Purchasing Managers’ Index data mirrors a strong recovery for the manufacturing PMI month-on-month, indicating that Britain is likely to avoid a recession following the outcome ...

  AFP The German government on Monday announced the start of a voluntary recall of 630,000 vehicles to fix emissions irregularities uncovered in the wake of Volkswagen’s “Dieselgate” scandal. The federal transport authority KBA said in a statement it would begin the recall with refits for 10,500 Porsche Macan 4x4s, one of the luxury automaker’s best sellers. A German inquiry ...

  AFP German auto giant Volkswagen could face penalties and compensation claims over its diesel emissions scandal under European consumer protection law, a top EU official told newspaper Die Welt in remarks published on Monday. “In most member states, Volkswagen clearly infringed consumer protection law,” justice and consumer protection commissioner Vera Jourova said. “I think it’s therefore necessary that we ...

  AP The 19-country eurozone lost some economic momentum in August, largely because of a slowdown in Germany, a closely watched survey showed Monday, days ahead of another possible stimulus package from the European Central Bank. Financial information company IHS Markit said its purchasing managers’ index — a broad gauge of economic activity — for the eurozone fell to a ...

  Bloomberg The dollar slumped against its major peers after disappointing U.S. economic data last week cut the chance of a September interest-rate increase to about one in three. A gauge of the greenback retreated after two weeks of gains. Friday’s below-forecast payrolls data, which came on the heels of a surprise manufacturing slowdown, helped lower the prospect of a ...

  Dubai / Emirates Business On its second year, the Global Grad Show is opening in Dubai from October 24-29 attracting an unprecedented number of student innovators exhibiting their unique designs. The show returns with 145 projects from 50 leading global universities, representing an almost three-fold increase in participation over last year and, for the first time, includes schools from ...

  Dubai / Emirates Business The 35th edition of the Sharjah International Book Fair (SIBF), taking place from November 2-12 has announced that 2016 is set to be another record-breaking year. The organisers of the third largest book fair in the world have revealed that its total exhibition area for publishers has been already sold out, with two more months ...