News

  Bloomberg The UK was the only European country in the Group of Seven nations where real incomes adjusted for inflation fell in the third quarter of last year, according to the OECD. Rampant inflation was to blame for continuing slide in household spending power, the Paris-based organization said, piling pressure on Prime Minister Rishi Sunak’s government and the Bank ...

  Bloomberg Average occupancy levels at many Dublin offices have fallen to 10% or lower on Mondays and Fridays as the majority of employees opt to work from home, according to a survey. Wednesday is the most popular day among workers to be in the office with employers reporting average occupancy rates of 61% to 70%, a survey of 500 ...

  Bloomberg Electric vehicle startups Polestar Automative Holding and Rivian Automotive Inc. are known for doggedly tracking their individual corporate emissions, detailing the environmental toll of everything from the lights in their factories to the rubber in their cars’ tires. On Wednesday, the EV rivals paired up with consulting giant Kearney to raise a flag on the industry more broadly: ...

  Sharjah / WAM The Sharjah Investment Forum 2023 (SIF) hosted a panel session titled “Redefining Economies, Making Significant Strides For a Better Future” to engage in a thought-provoking discussion on the steps necessary to create a more equitable and sustainable future. The discussion explored the importance of investment in advanced technology and innovation, role of research and development, financing ...

  Abu Dhabi / WAM Ambassador of Türkiye to the UAE Tugay Tuncer, accompanied by Major General Saleh Mohammed Saleh Al Ameri, Commander of Joint Operations at the UAE Ministry of Defence, has visited Al Reef Base in the capital, Abu Dhabi. Ambassador Tuncer was briefed on the progress of the UAE’s humanitarian shipments provided to the Turkish people. He ...

  Abu Dhabi / WAM Abu Dhabi Global Market Academy (ADGMA), the knowledge arm of the international financial centre in Abu Dhabi; and Edge group PJSC have signed a memorandum of understanding (MoU) to bolster talent development and professional growth. As part of the agreement, ADGMA and Edge will collaborate in areas relating to learning and innovation. They will jointly ...

  Abu Dhabi / WAM Six Singapore companies have been matched with Abu Dhabi entities to develop and pilot innovative solutions following the Abu Dhabi – Singapore Smart Cities Open Innovation Challenge, jointly organised by the Abu Dhabi Investment Office (Adio), Enterprise Singapore (EnterpriseSG) and IPI Singapore. The announcement was made during the 14th Abu Dhabi-Singapore Joint Forum (ADSJF) in ...

  Sharjah / WAM Dana Gas on Wednesday announced its preliminary financial results for the year 2022. The company reported an increase in revenues by 17 percent to AED1.94 billion ($529 million) in 2022 compared to AED1.66 billion ($452 million) in 2021. The increase in revenues is due to higher realised prices and production output in the Kurdistan Region of ...

  Sharjah / WAM Sharjah has recorded 2,999 real estate transactions worth AED2 billion during January 2023, according to the monthly report published by Sharjah Real Estate Registration Department (SRERD). The Real estate sector in Sharjah continues to grow and prosper under the continuous support of His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler ...

  Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) issued its annual achievements report on Wednesday, outlining its key outcomes and milestones in 2022. The report has highlighted the ministry’s successful efforts in developing the industrial sector, increasing its contribution to national GDP, creating an attractive business environment for local and foreign industrial investments, and stimulating innovation ...