News

  Bloomberg The pound’s recent resilience may prove short-lived as data showed the first indications that the U.K. economy may be faltering one month after Britain voted to leave the European Union. Inflation and labor figures covering the pre-Brexit period, released earlier this week, beat analyst predictions and helped the currency climb from a 31-year low versus the dollar set ...

  Bloomberg Husky Energy Inc. is running into difficulty containing and cleaning up a 1,570-barrel oil pipeline spill that entered the North Saskatchewan River in Canada this week, after rising water levels compromised its initial plan to capture the release. The company responded when a sheen on the water indicated a spill, and discovered it was from the failure of ...

  Ottawa / AFP Largely driven by housing, Canadian consumer prices rose 1.5 percent in June over a year ago, the same rate recorded in May, the Canadian government reported on Saturday. The pace fell short of analyst forecasts, which had predicted a rise in the consumer price index of 1.7 percent. Housing prices were up 1.6 percent after rising ...

  Abu Dhabi / Emirates Business A UAE delegation led by the Ministry of Economy concluded its productive participation in the activities of the 14th UN Conference on Trade and Development held in the Kenyan capital of Nairobi from July 17 till 22, 2016. The group was headed by H.E. Juma Mohammed Al Kait, Assistant Undersecretary for Foreign Trade Affairs, ...

  Abu Dhabi / WAM The Asian Football Confederation (AFC) will hold its 2016 AFC Annual Awards Night ceremony at the Emirates Palace Hotel in Abu Dhabi on 1st December. The event will be hosted by the United Arab Emirates Football Association (UAEFA) and the Abu Dhabi Sports Council (ADSC) who signed an agreement with the AFC today in Kuala Lumpur ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) won the International Star for Leadership in Quality in the Gold Category from Business Initiative Directions (BID) for outstanding excellence and quality, in accordance with the QC100 criteria, for economic growth, leadership, technical development, and innovation. The Award was received by Marwan Al Zaabi, Vice President of Corporate Excellence at DEWA, ...

  Dubai / WAM Following the global spread of unethical and uncontrolled fishing methods and the rise of the shark fin trade which is putting shark species on the edge of extinction, the Ministry of Climate Change and Environment reaffirms UAE’s global role in the preservation of marine biodiversity and raising community awareness on the issue. Eng Mariam Hareb, Assistant Under-Secretary ...

  Dubai / Emirates Business A Dubai Cares delegation conducted field visits in the Philippines as part of a monitoring and evaluation trip to witness the progress of its Real Assets & Improved Skills & Education for Adolescent Girls (RAISE) program in the country. The program, which was officially inaugurated in 2013 in partnership with Plan International, seeks to tackle ...

  Frankfurt / AFP The European Central Bank is ready, willing and able to help put the eurozone economy back on its feet, if needed, even if financial markets have held up so far to the shock of the Brexit referendum, president Mario Draghi said on Thursday. “If warranted to achieve its objective, the governing council will act by using ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a phone call from the British Prime Minister Theresa May. They discussed friendship and co-operation between the two countries, and ways to develop them in the best interests of the two sides. ...