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  Dubai / WAM The real estate sector in the emirate of Dubai continued to maintain a sustainable growth in the number and value of sales during the month of August, as it witnessed the registration of 9,720 real estate sales, worth AED24.34 billion. This came in Mo’asher, Dubai’s official sales price and rental performance index launched by Dubai Land ...

  Dubai / WAM Emirates SkyCargo and United Cargo signed a memorandum of understanding (MoU) that follows on the heels of the new broader historic commercial agreement between two of the largest global airlines. This coordination will deliver benefits to air freight customers of both Emirates Skycargo and United Cargo around the world. The MoU was signed at the World ...

  Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) has been ranked in third place as one of the top performing governmental companies in the emirate of Abu Dhabi in achieving compliance with NCEMA 7000:2021 national standard (Business Continuity Management). Yousef Altheeb Al Ketbi, Group Chief Operations Officer of Seha, said, “Seha has truly proven itself to be ...

  Dubai / WAM Nakheel on Friday announced the launch of a new selection of residences at Palm Beach Towers 3. Located on Palm Jumeirah and featuring over 300 units, the new residential tower features residences with 360-degree views, with a variety of nearby dining, leisure and recreational facilities. The Palm Beach Towers 3 includes a selection of 1, 2 ...

Bloomberg The 700-meter wide pool of bubbling water in the Baltic Sea caused by the rupture of the Nord Stream gas pipelines points to a climate disaster. It’s the most visible of three major gas leaks emanating from the pipelines connecting Russia to Germany. Scientists are scrambling to work out just how much methane, one of the most powerful greenhouse ...

Bloomberg Vladimir Putin vowed his annexation of four occupied regions in Ukraine is irreversible, as the Russian president formalized Europe’s biggest land grab since World War II and accused the West of trying to subjugate his country. “They will become our citizens forever,” he told officials in a Kremlin ceremony Friday before he and Moscow-installed leaders signed annexation documents. He ...

  Bloomberg German inflation reached double digits for the first time since the euro was introduced more than 20 years ago, surging more than anticipated after temporary government-relief measures ended and Europe’s energy crisis worsened. Consumer prices jumped 10.9% from a year ago in September, topping August’s 8.8% advance, the Federal Statistics Office said. That’s more than the 10.2% economists ...

  Bloomberg Applications for US unemployment insurance dropped unexpectedly to a five-month low, led by a sizable decline in Michigan, suggesting robust demand for workers amid economic uncertainty. Initial unemployment claims decreased by 16,000 to 193,000 in the week ended September 24, after downward revision in the prior week, Labour Department data showed. The median estimate in a Bloomberg survey ...

  Bloomberg Canadian economic activity remained weak through the summer and job vacancies fall, a clear sign growth has begun to sharply slow down. Gross domestic product was flat in August, preliminary data from Statistics Canada show, after gaining just 0.1% in July and June. Since April, growth has averaged just 0.1% on a monthly basis. In a separate report, ...

  Bloomberg Tremors are continuing to ripple through the UK mortgage market despite the Bank of England’s intervention to calm financial turbulence. Higher borrowing costs for lenders means the average monthly cost of a two-year fixed-rate mortgage will rise by 70% by March from January this year, Bloomberg Economics estimates. The cost of a two-year fixed-rate mortgage on an average-priced ...