News

  Abu Dhabi / WAM Zayed Higher Organisation for People of Determination, represented by its Zayed City Centre for Care and Rehabilitation in Al Dhafra, is organising the First Al Dhafra Forum for People of Determination 2023, which deals with autism spectrum disorders. The two-day Forum began was held via video conferencing with the participation of foreign certified trainers. It ...

  RIYADH / WAM A delegation from the General Pension and Social Security Authority (GPSSA) is participating in a training workshop in Saudi Arabia as a continuation of a preparedness meeting organised by the permanent technical committee for GCC civil retirement bodies, who previously met in Bahrain and Kuwait. The delegation includes Mohamed Saqer Al Hammadi, Pension Operations Department Head ...

GAZIANTEP, Türkiye / WAM As part of Operation “Gallant Knight / 2”, the UAE continues to provide integrated support to those affected by the recent earthquake in Türkiye. The Emirates Relief Field hospital at the İslahiye district of Gaziantep in Türkiye has started providing comprehensive medical care, including psychological rehabilitation, to the victims of the earthquake. The Emirates News Agency ...

Bloomberg UK wages rose quicker than expected at the end of 2022, heaping pressure on the Bank of England to deliver another interest-rate increase next month. Average earnings excluding bonuses were 6.7% higher in the three months through December from the previous year, the Office for National Statistics said Tuesday. That’s the fastest pace since records began in 2001, excluding ...

Bloomberg The economy lost nearly 2.5 million working days to strikes last year as Britain suffered its most severe industrial action since Margaret Thatcher was in power. The Office for National Statistics said Tuesday that 843,000 working days were lost due to labor disputes in December, making it the worst month in more than a decade. That took the total ...

Bloomberg Employment in Scotland hit a record high at the end of 2022 as tightness in the labor market spread to all corners of the UK. The portion of adults who have a job climbed to 76.6% in the three months ending December, up 2.4 percentage points from a year earlier. The figures from the Office for National Statistics on ...

  Bloomberg Norma Group SE, a German maker of hose clamps and pipe connections for everything from cars to washing machines, rejected several takeover approaches in recent months from bidders including Carlyle Group Inc., people familiar with the matter said. The company explored a potential sale with advisers toward the end of 2022, according to the people, who asked not ...

  Bloomberg Soaring inflation, higher interest rates and supply-chain snarls spurred by the war in Ukraine pushed most of the European Union’s biggest eastern economies into contraction in the fourth quarter. Poland’s economy shrank 2.4% from the previous three months — much worse than the 0.5% forecast in a Bloomberg survey — for its second non-consecutive decline last year. It ...

  Abu Dhabi / WAM Adnoc Drilling Company on Monday announced its financial results for the fourth quarter and full year ending December 31, 2022. It reported AED2.94 billion ($802 million) net profit for the twelve-month, up 33 percent year-on-year. Full year earnings before Ebitda (interest, taxes, depreciation and amortisation) was $1.23 billion, with a margin of over 46 percent, ...

Ras Al Khaimah / WAM The National Bank of Ras Al Khaimah (Rakbank) has announced its financial results for the year ending December 31, 2022, and the fourth quarter of 2022. The bank reported a net profit growth of 53.4% YoY for FY’22, reaching a total of AED1.163 billion, its highest in over a decade. The Q4’22 net profit was ...