News

  Abu Dhabi / Gulf Time e& (formerly known as the Etisalat group) has on Monday announced the launch of its collaborative initiative; the FutureNow Sustainability Call. As part of the group’s overarching FutureNow campaign from e& enterprise, the global technology conglomerate is inviting technology and digital solution scale-ups to develop , sustainable solutions towards reducing energy consumption across the ...

  Dubai / WAM In a distinguished patriotic atmosphere, Dubai Electricity and Water Authority (Dewa) celebrated the 51st National Day, with the participation of Saeed Mohammed Al Tayer, MD & CEO of Dewa, Executive Vice Presidents and Vice Presidents. Many employees and customers participated in the celebrations, which featured patriotic and heritage activities. Dewa’s celebrations of the National Day included ...

  Abu Dhabi / WAM Abu Dhabi Airports, the operator of the five airports in the emirate of Abu Dhabi, on Monday released its passenger traffic results report for the third quarter of 2022. During this period, passenger traffic totalled 4.7 million passengers, a rise of 250% compared to the 1.3 million passengers in Q3 2021. The report highlights impressive ...

Bloomberg China’s economic activity slumped in November and could drop further in coming weeks as Covid outbreaks spread across the country and protests against tighter virus restrictions escalate. Bloomberg’s aggregate index of eight early indicators showed a likely contraction in activity in November from an already subdued pace in October. With Covid cases spreading rapidly in each of China’s provinces ...

  Bloomberg Pilbara Minerals Ltd, one of Australia’s biggest lithium producers, plans to build a demonstration plant in Western Australia capable of refining the material that’s key to the booming global battery metals market. The pilot plant would process Pilbara Minerals’ hard-rock ore into lithium salt near the company’s Pilgangoora Project in Western Australia, in a joint venture with Australia’s ...

  Bloomberg South Korean house prices recorded the biggest decline in nine years as the central bank’s 16-month tightening cycle weighs on the property market, adding to credit concerns for policy makers. Nationwide home prices dropped 0.32% in November from a year earlier, while Seoul slid 0.12%, according to data from Kookmin Bank. South Korean surveyors tend to count the ...

  Bloomberg Pakistan has halted payments for in-app purchases including online video games bought by local customers using airtime from telecommunications companies, the latest sign of distress caused by the country’s depleted foreign-exchange reserves. Telecom service providers were violating regulations by allowing payments to be made for customers under an arrangement with the government that permitted the phone companies to ...

Bloomberg Apple Inc partner Foxconn is offering bonuses of as much as $1,800 to existing workers at its Zhengzhou facility, hoping to sustain the staff levels it needs to run the world’s largest iPhone factory. Foxconn, also known as Hon Hai Precision Industry Co, will top up wages by as much as 13,000 yuan per month in December and January ...

  Abu Dhabi / WAM Statistics Centre – Abu Dhabi (Scad) has announced statistical data that show expansion of Abu Dhabi’s gross domestic product (GDP) in the first half of 2022, reaching 11.2 percent compared to the same period last year. The growth reflects the emirate’s robust performance and the ability of the economy to maintain competitiveness and sustain growth ...

  Abu Dhabi / WAM UAE cabinet has announced public holidays calendar for both public and private sectors for the year 2023. The announcement include January 1 as an official holiday on the occasion of the New Year, Ramadan 29 to Shawwal 3 the Eid Al Fitr holiday, Zul Hijjah 9 for the Arafah Day, Zul Hijjah 10-12 to mark ...