News

  Bloomberg President Joe Biden’s plan to subsidize clean energy is “dangerous” and risks pushing the world toward protectionism, Britain’s Business Secretary Grant Shapps said, in the UK’s bluntest criticism to date of the US Inflation Reduction Act. European Union leaders say the US legislation will unfairly benefit American firms and violate World Trade Organization rules. To date, Prime Minister ...

  Bloomberg US Treasury Secretary Janet Yellen, declaring that African can help shape the future of the global economy, will set out why the Biden administration intends to elevate its focus on the continent over the next two years in a speech she’s slated to deliver Friday in Dakar, Senegal. “The United States is committed to building on Africa’s significant ...

  Bloomberg Prices for Swiss single family homes fell for the first time since before the pandemic, raising the prospect that a market that has boomed for decades may be turning. Transaction prices declined 0.18% in the final three months of 2022, data compiled by Zurich-based real-estate consulting firm Wuest Partner show. The last time they fell was in the ...

  Bloomberg Australian employment unexpectedly fell last month while the jobless rate remained unchanged, sending the currency and bond yields lower as traders pared bets on a February interest-rate increase. Employers cut 14,600 roles in December — the first decline in five months — confounding expectations for a 25,000 increase, official data showed Thursday. Unemployment held at 3.5% after being ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, received a phone call from Kamala Harris, Vice President of the United States, on the occasion of the first anniversary of the Houthi terrorist attacks on some civilian sites and facilities in the UAE during the past year. During the call, Vice President Harris affirmed her ...

Dubai / WAM Dubai’s real estate sector ended another exceptional year with annual transactions setting new records, marking the sector as a major contributor to the goals of the Dubai Economic Agenda D33 announced recently by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The agenda outlines ambitious ...

  Abu Dhabi / WAM In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, AD Ports Group signed a strategic partnership agreement with Kazakh National Oil Company (KazMunayGas) and a memorandum of understanding (MoU) with the Kazakhstan Ministry of Industry and Infrastructural Development for strategic cooperation in ...

  Abu Dhabi / WAM Abu Dhabi Sustainability Week (ADSW) and Dubai Electricity and Water Authority (Dewa) announced on Wednesday the signing of a three-year partnership agreement to sponsor annual Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show. The agreement was signed at ADSW 2023 by Saeed Mohammed Al Tayer, Managing Director and Chief Executive Officer of ...

Abu Dhabi / WAM Etihad Airways, the national carrier of the UAE, has signed a ground-breaking contrail management contract with Satavia, a leading UK-based green aerospace firm. The partnership will build on a previous proof-of-concept engagement to expand the scope for contrail management within day-to-day flight operations. The partnership also incorporates an agreement to collaborate on the generation of future ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday held a fraternal consultative meeting with leaders of a number of brotherly countries. His Highness Sheikh Mohamed held the meeting with Sultan Haitham bin Tariq of Oman; King Hamad bin Isa Al Khalifa of Bahrain; Emir Sheikh Tamim bin Hamad Al-Thani of Qatar; King Abdullah ...