News

  Abu Dhabi / WAM Etihad Airways has announced double-daily flight on its popular New York route, making travel between the US and the UAE more convenient. From April 24, 2023, the airline will fly twice a day, seven days a week, on the Abu Dhabi — New York route, providing a total of 14 weekly nonstop services to John ...

  Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a memorandum of understanding (MoU) with Ras Al Khaimah Economic Zone (Rakez) to support the emirate’s path towards economic diversification by stimulating its non-oil foreign trade. The MoU came as part of ECI’s continuing effort to support Ras Al Khaimah’s strategy to boost its ...

  Abu Dhabi / WAM The UAE participated in the first G20 Finance and Central Bank Deputies meeting. Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the G20 priorities set by the Indian presidency and the finance track agenda for 2023. Ebrahim Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability ...

  Sharjah / WAM The Sharjah Press Club (SPC) of the Sharjah Government Media Bureau (SGMB) has won the Kuwait Award for Creativity for its Ithmaar annual media training initiative, during the award’s 10th edition held in Kuwait. The Ithmaar initiative targets students aged between 10 and 17 to promote media awareness in the younger generation and introduce them to ...

  Abu Dhabi / Gulf Time Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, is launching an exciting new route from Abu Dhabi to Medina in Saudi Arabia. Launching in February 2023, the new route will provide affordable, hassle-free travel for tourists and residents in both the UAE and Saudi Arabia with daily flights providing unique travel ...

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) launched the latest edition of the Sharjah Shopping Promotions campaign, which will run until January 29, 2023, with huge promotional campaigns. Over 46 days, the event will boast a wide range of promotions at the best shopping centres, tourist attractions and family entertainment destinations in the emirate of Sharjah. ...

Bloomberg China’s economic activity weakened in November before the government abruptly dropped its Covid Zero policy, with a surge in infections in coming months likely to cause more turmoil and push policymakers to increase stimulus. Key data showed business and consumer activity slumped to their weakest levels since the Shanghai lockdown in the spring. Retail sales and home sales declined, ...

  Bloomberg Sotheby’s will open a property that will house its auctions and exhibitions in Hong Kong and move its headquarters in the city to cater to growth in Greater China following record sales. Located at Landmark Chater in the Central district, the 24,000 square foot (2,230 square meter) space will open in 2024, Sotheby’s said. The two-storey house will ...

  Bloomberg India’s ballooning trade deficit with China is a big worry made worse by the rupee’s relatively strong performance in the region and slowing global demand for local exports, said Madhavi Arora, a lead economist at Emkay Global Financial Services Ltd. China accounts for nearly 40% of India’s total trade deficit, and with developed countries discussing the possibility of ...

  Bloomberg Vietnam has landed a $15.5 billion partnership with funders led by the European Union and the UK to help finance its transition away from coal. The Southeast Asian nation will receive half of the allotted package of grants and loans from country donors, with the other 50% coming from a group of investors known as Glasgow Financial Alliance ...