News

  Bloomberg VinFast, an electric carmaker backed by Vietnam’s richest man, delayed vehicle deliveries to its first US customers to this month because of holidays in America. The Vietnamese company, a unit of conglomerate Vingroup JSC, is also working out procedures with banks for customers to access loans, the company said in a statement. “We are currently signing sales contracts ...

Bloomberg Samsung Electronics Co’s profit dropped by the most in over a decade, in a sign that the global economic slowdown may be hurting electronics demand even more than anticipated. South Korea’s largest company has been grappling with weak demand for memory chips, smartphones and displays as consumers tamp down holiday spending amid soaring interest rates and inflation. Adding to ...

  Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has announced that it has applied financial contributions to private sector companies for failing to achieve the Emiratisation targets stipulated for the year 2022. This is in line with the implementation of the UAE cabinet’s resolution to raise the Emiratisation levels of skilled jobs by 2 percent ...

  Bloomberg Oil pared a large weekly loss as US employment figures allayed some concerns of a major hit to global consumption this year. West Texas Intermediate climbed near $75 a barrel on Friday after the jobs data, but remained down almost 7% this week. Saudi Arabia reduced prices for crude sold to Asia and Europe in February, signaling concerns ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a message of condolences to His Majesty King Abdullah II ibn Al Hussein of Jordan on the death of Dr. Abd al-Salam al-Majali, the former Prime Minister of Jordan. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE ...

Abu Dhabi / WAM A UAE plane carrying the second consignment of household generators has arrived in Warsaw, Poland, as part of the assistance sent by the Emirates for the Ukrainian civilians affected by the ongoing crisis. In December, the UAE announced that its sending 2,500 household generators to civilians affected by the ongoing crisis in Ukraine that has disrupted ...

Abu Dhabi / WAM Aldar Properties (Aldar) in partnership with Diamond Developers has launched The Sustainable City – Yas Island, a sustainability-centric community offering a new way of life for residents in Abu Dhabi. The family friendly development, which builds on the strengths of The Sustainable City – Dubai, is a walkable community in the surrounds of open green spaces, ...

  Dubai / WAM The first Emirates A380 to be completely refurbished under the airline’s $2 billion retrofit programme has been deployed on Friday on the Dubai-London Heathrow service, operating as EK003. The retrofit work was done on A6-EVM, the first of 120 Emirates aircraft to have completed its refurbishment. Sir Tim Clark, President Emirates Airline, said, “Customers will notice ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has been crowned with the Global Excellence Assembly awards 2022, based in the US, in the “Organisational Achievements” category. This is in recognition of Dewa’s global achievements in total quality and excellence. Dewa is the only entity worldwide to win this category in the second round of the award this ...

Abu Dhabi / WAM Aldar Properties (‘Aldar’) in partnership with Diamond Developers has launched The Sustainable City – Yas Island, a sustainability-centric community offering a new way of life for residents in Abu Dhabi. The family friendly development, which builds on the strengths of The Sustainable City – Dubai, is a walkable community in the surrounds of open green spaces, ...