News

ABU DHABI / WAM The Department of Municipalities and Transport (DMT) has revealed that the UAE capital’s real estate market recorded 19,033 transactions, reaching a total value of AED77.6 billion in 2022. As per the Department’s reports, the emirate’s real estate sector recorded 9,010 sales transactions worth AED23.5 billion and 10,023 mortgage transactions worth AED54.1 billion Yas Island topped the ...

ABU DHABI / WAM Adnoc Gas on Friday announced the final offer price for the shares offered by Abu Dhabi National Oil Company (Adnoc or the selling shareholder) in connection with Adnoc Gas’s initial public offering (IPO or offering) and listing on the ADX, following the successful conclusion of the bookbuild and public subscription process. The final offer price for ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) hosted a regional expert meeting on healthy diet policies in Dubai. The event, which was hosted by the World Health Organisation (WHO) Regional Office for the Eastern Mediterranean, aimed to discuss recent developments in the field of healthy diet policies at the regional level, with a special emphasis on the ...

DUBAI / WAM Emirates and Philippine Airlines (PAL) have signed an interline agreement to boost connectivity for passengers of both air carriers to new points on each other’s networks via Manila and Dubai, using a single ticket and one baggage policy. Now in effect, the reciprocal interline partnership provides Emirates’ passengers access to 19 Philippine domestic destinations operated by Philippine ...

DUBAI / WAM Dubai Electricity and Water Authority’s (Dewa) Research and Development Centre has obtained its eighth patent for a cutting-edge device that leverages advanced sensors to locate and survey geographical areas. The device employs real-time kinematic (RTK) processing techniques to process data collected on-site and works with a smart device developed by the R&D Centre, which uses a smart ...

BLOOMBERG Britain’s chronic problem with people dropping out of the workforce will only get worse over the next three years because the population is changing shape, according to the Office for National Statistics (ONS). By 2026, there will be 726,000 more inactive people in the UK aged 16 to 64 than before the pandemic, the government’s statistics office said. The ...

BLOOMBERG Tesla Inc’s shipments from its China factory climbed in February as price cuts attracted buyers and consumer spending kicked back into gear following massive Covid outbreaks across the nation in January. The US electric vehicle pioneer delivered a total of 74,402 vehicles from its Shanghai facility last month, preliminary data from China’s Passenger Car Association showed. That’s a 32% ...

BLOOMBERG The Biden administration announced export restrictions for dozens of Chinese entities, including server maker Inspur Group Co and units of genetics firm BGI, citing activities contrary to US national security and foreign policy interest. The Commerce Department added a number of companies to the so-called Entity List for acquiring or attempting to acquire US-origin items in support of China’s ...

BLOOMBERG The European Union (EU) delayed a key vote on an effective ban on combustion-engine cars after Germany unexpectedly voiced last-minute objections amid concerns about how the bloc’s green plans will affect industry. EU and German officials are in talks over how to reach a compromise over allowing the use of e-fuels in new cars after 2035, and there were ...

ABU DHABI / WAM The Future100, the joint initiative between the Ministry of Economy and the Government Development and the Future Office, has attracted new strategic partnerships to support the top 100 emerging companies that contribute to enhancing the competitiveness of the future of the economic sectors, which include CSR UAE, Microsoft, Careem and FTI Consulting. Abdullah bin Touq Al ...