News

Dubai / WAM DP World’s container terminal at Southampton enjoyed its greenest-ever year in 2022 after delivering a 55% reduction in net carbon emissions from its fleet and installations. DP World, the leading provider of worldwide smart end-to-end supply chain logistics, runs the UK’s most advanced logistics hubs: two deep water ports at Southampton and London Gateway with access to ...

  Dubai / WAM The number of golden visas issued in all categories increased to 79,617 in 2022, up from 47,150 in 2021, the General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA) said. The year ended on a high-note, completing millions of transactions and providing customers with high-quality smart services. The GDRFA also received a number of local ...

  Abu Dhabi / WAM The central bank of the UAE (CBUAE) has issued new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for licensed financial institutions (LFIs) including banks, finance companies, exchange houses and insurance companies, agents and brokers. The guidance, which comes into effect immediately, will assist LFIs’ understanding of risks and effective implementation of ...

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) has issued the ADGM Healthcare Regulations 2022, which adopt the Abu Dhabi onshore healthcare legislation, including the regulations, rules, standards, guidance and circulars for healthcare operators and professionals issued by the Department of Health Abu Dhabi (DoH) into ADGM’s legislative framework. As a result of this adoption, ADGM’s Registration Authority ...

Abu Dhabi / WAM Borouge Plc announced on Wednesday that its block polypropylene (PP-B) materials have been selected by the consultant and contractor of the engineering, procurement and construction (EPC) works to manufacture drainage pipelines of the third line of the Greater Cairo Metro project in Egypt. Through the partnership, Borouge will provide its materials to Egyptian German Industrial Corporate ...

Bloomberg The UK health system faces a moment of peril Wednesday as ambulance workers hold a second strike and officials urge the public not to call emergency services unless it’s a matter of life-or-death. Members of two unions, Unison and the GMB, are walking out as part of an ongoing dispute over real-terms pay cuts suffered by staff in the ...

  Bloomberg More than half of Japanese households said their livelihoods have worsened in a Bank of Japan survey, sending a clear signal that the hottest inflation in four decades is eating into people’s confidence. Some 53% of households said their economic livelihood has worsened compared with a year ago, the highest percentage in almost 13 years, according to the ...

  Bloomberg Bernard Arnault named his daughter Delphine to run LVMH’s second-biggest brand, Dior, the latest step by the 73-year-old billionaire to elevate his children to key posts in his luxury empire. The appointment comes a month after Antoine Arnault, the eldest son, was given a wider role in the business, replacing Sidney Toledano as chief executive officer and vice ...

  Bloomberg The threat of recession, the cost-of-living crisis and mounting debt distress will dominate the global economy in the next two years as it struggles to move on from the pandemic and war in Ukraine, according to a survey by the World Economic Forum. Its Global Risks Report, an annual poll of 1,200 government, business and civil society professionals ...

  Bloomberg Barratt Developments Plc has seen a sharp slowdown in sales rates as high borrowing costs and the threat of a house price plunge combine to undermine the UK property market. The average number of weekly private sales at Barratt’s sites has more than halved, leading the firm to warn that it could deliver fewer homes than currently expected, ...