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Dubai / WAM With its world-class infrastructure, advanced facilities, year-round sunshine, luxury marinas, award-winning tourism offerings, rich maritime history and picturesque coastline, Dubai has emerged as the quintessential yachting destination. Following Dubai’s participation at the Monaco Yacht Show and the recent Gulf Superyacht Summit 2022 hosted in Dubai under the patronage of P&O Marinas with participation from government and private ...

Dubai / WAM The Rashid Rover has successfully completed one month in space, travelling close to 1.34 million kilometers, the Mohammed Bin Rashid Space Centre (MBRSC) announced. The first Arab-built lunar rover designed and built in the UAE by a 100 percent Emirati team of engineers, experts, and researchers, lifted off on December 11, 2022 from Cape Canaveral Space Force ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has organised 157 training courses and awareness sessions on occupational health and safety during 2022, with the participation of 2,170 employees from various divisions. Dewa also organised its 20th Internal Health and Safety Week, which featured various activities in all aspects of occupational health and safety, supporting Dewa’s continuous efforts ...

Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, announced the appointment of Board member and Managing director of ECI, Raja Al Mazrouei, as the acting CEO to succeed Massimo Falcioni, who stepped down from his position as CEO of the company. Raja Al Mazrouei is an accomplished digital transformation expert with over two decades of ...

  Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq), has launched ‘Sky Adventures’, the first official paragliding licensed centre in the UAE, and Shurooq’s latest investment in sports, leisure and adventure tourism in Sharjah’s central region. The centre will be open to the public next Monday, offering aerosports enthusiasts an unforgettable opportunity to experience the picturesque desert landscapes ...

Bloomberg The UK economy may avoid tumbling into recession until later this year as consumers kept spending through the worst cost-of-living squeeze in memory. Gross domestic product unexpectedly rose 0.1% in November, the Office for National Statistics said Friday. Economists had expected a small decline after growth in October. November’s figures mean the UK economy probably avoided a recession in ...

  Bloomberg Britain’s trade deficit narrowed sharply after a slump in natural gas prices reduced import costs and a flurry of exports of aircraft and cars. The deficit in goods and services trade fell by £6.5 billion to £20.2 billion in the three months to November. Exports to the European Union were hit again in the wake of Britain’s exit ...

  Bloomberg A mass exodus out of East Asia seems unlikely for US manufacturers in 2023, with any decision to diversify supply chains away from the region dictated by costs, as well as logistics considerations, according to separate reports. “The ultimate extent of how much production will be reshored or moved closer to home remains an open issue and will ...

  Bloomberg Sweden’s inflation rate reached double digits for the first time in more than three decades in December, as price increases show little sign of abating despite the central bank’s efforts. The CPIF measure of inflation that’s tracked by the Riksbank rose by 10.2% from a year earlier, according to Statistics Sweden. That’s more than the 9.8% expected by ...

  Bloomberg Germany’s economy probably stagnated in the final quarter of 2022, defying analyst expectations for a contraction and easing fears of a recession triggered by the war in Ukraine and soaring inflation. For the year as a whole, output increased 1.9% — down from 2.6% in 2021 and just ahead of the 1.8% estimate in a Bloomberg survey, the ...