News

  Bloomberg Europe’s biggest semiconductor-equipment maker ASML Holding NV said an agreement between the Netherlands, the US and Japan to restrict exports of some advanced chipmaking machinery to China shouldn’t have a “material effect” on forecast it has published for this year. “In combination with the current market situation, we do not expect these measures to have a material effect ...

  Bloomberg The boss of Britain’s largest sandwich-maker says price negotiations with supermarkets have become so strained amid the inflation crisis that sometimes walking away is the only option. “In certain cases we’ve said to people ‘If you’re not prepared to take this price, we’re not prepared to supply you’,” said Dalton Philips, Chief Executive Officer at Greencore Plc, speaking ...

Bloomberg Oil rose along with many other commodities as optimism over Chinese demand countered concerns over a global economic slowdown. West Texas Intermediate increased as much as 1.5% on Friday, and were heading for a third straight weekly gain. Trafigura group sees “a lot of upside” for oil markets as pent-up demand is unleashed, esp cially as Chinese consumption rebounds. ...

  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 ...

  Dubai / WAM A total of 2,786 real estate transactions worth over AED8.4 billion were conducted during the week ending January 27, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 285 plots were sold for AED1.7 billion, while 2,043 apartments and villas were purchased for AED4.43 billion. The top three transactions were ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA) has announced that it supplied 203,000 tonnes of waste to other industries as feedstock in 2022. The amount was almost double the volume EGA generated during 2022, reducing stockpiles from previous years, and a 40 percent increase on 2021 as industries recovered from Covid-19. EGA has worked for more than a ...

Abu Dhabi / WAM Adnec group announced Edge group as the strategic partner for the 16th edition of the International Defence Exhibition (Idex) and the 7th edition of the Naval Defence Exhibition (Navdex) 2023, which will be held under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan. Organised in cooperation with the UAE Ministry of Defence, ...

  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 ...

Abu Dhabi / WAM The UAE has condemned Israeli forces’ storming of the Palestinian camp of Jenin, which resulted in numerous deaths and injuries. In a statement, the ministry of Foreign Affairs and International Cooperation (MoFAIC) called upon Israeli authorities to assume responsibility for reducing escalation and instability in the region. Moreover, the ministry stressed the need to support all ...

  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 ...