News

  Dubai / Emirates Business DAMAC Properties on Monday announced it had launched ten major projects so far in 2016 with a combined value in excess of AED 13 billion. The announcement coincided with the first day of Cityscape Global 2016 taking place from September 6 – 8 at the Dubai World Trade Centre. The new range of projects announced ...

  Dubai / Emirates Business Dubai Land Department (DLD) announced its participation at Cityscape Global 2016, and will provide the visitors with the opportunity to live the real estate experience. During this event that is taking place on September 06-08 at Dubai World Trade Centre, visitors are getting to know more about the latest DLD’s services on its platform number ...

  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 ...