News

  Abu Dhabi / WAM Khalifa Economic Zones Abu Dhabi – Kezad group, the integrated trade, logistics, and industrial hub of Abu Dhabi, will showcase the competitive advantage the Emirate offers to researchers, manufacturers and distributors looking at Arab Health 2023. As the premier economic zone for life sciences in the Middle East and North Africa, Kezad already hosts many ...

  Abu Dhabi / WAM “Extreme Weekends” has started at the Sheikh Zayed Festival in Al Wathba area. Attended by an intense crowd, the annual event is set to become another hit for visitors this year. The first day of the show welcomed motor cross and car drifting sports fans with impressive stunts and routines performed by international motorcyclists and ...

  Abu Dhabi / WAM Wizz Air Abu Dhabi on Friday announced its operational results for 2022, operating more than 6,000 flights and transporting more than 1.2 million travellers. The national airline carried over 600,000 point-to-point passengers to the UAE in 2022, supporting the sustainable growth of Abu Dhabi’s culture and tourism sectors. Wizz Air Abu Dhabi is looking forward ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has approved 92,183 No Objection Certificates (NOC) applications in 2022 as part of the Soqoor programme. It is the first government programme of its kind to evaluate consultants and contractors in Dubai and identify their compliance with the requirements, standards, terms and conditions, and guidelines when submitting NOC service applications ...

  Dubai / Gulf Time The grand inauguration of the 300th global showroom of Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with a strong retail network of 300 showrooms across 10 countries, was held in Dallas, US. Ms. Susan Fletcher, Collin County Commissioner and Jeff Cheney, Mayor of Frisco, Texas, jointly inaugurated the showroom in the presence ...

  Bloomberg Intel Corp. gave one of the gloomiest quarterly forecasts in its history after a personal-computer slump ravaged the chipmaker’s business, sending shares tumbling and further setting back turnaround efforts. The company predicted a surprise loss in the current period and a sales range that missed analysts’ estimates by billions of dollars. At the low end of Intel’s projections, ...

Bloomberg Spain grew more than anticipated in the final quarter of last year, indicating the euro zone’s fourth-largest economy is on track to avoid a recession even as high inflation squeezes household spending. Output rose 0.2%, according to data from the INE statistics agency published on Friday. That matches the pace in the previous quarter and exceeds the 0.1% median ...

Bloomberg Chancellor of the Exchequer Jeremy Hunt dismissed calls for tax cuts and pushed back against green energy subsidies, warning that “sound money must come first” as he argued that Brexit will drive UK economic growth. In an interview with Bloomberg TV, Hunt said: “At the moment, we don’t have the headroom for major cuts. Businesses want that, who wouldn’t? ...

  Bloomberg A record share of Londoners are shunning property portals and opting to sell their homes on their own terms — which are increasingly negotiated over WhatsApp. Almost a quarter of London homes were sold off-market in the final three months of last year, according to broker Hamptons International. That’s more than double compared to the same period of ...

  Bloomberg The UK’s battery manufacturing industry is doomed unless the government ramps up support for the sector, according to the founder of failed battery startup Britshvolt Ltd. Formerly the UK’s main hope for a homegrown supplier to the electric-vehicle industry, Britishvolt went into bankruptcy this month. The company could have been saved had the government given it only a ...