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  ABU DHABI / WAM Two grain silos have been inaugurated in Jordan’s Juwaideh and Aqaba regions following an extensive renovation. The project was carried out by Abu Dhabi Fund for Development (ADFD) to raise the capacity of the Juwaideh silo to 120,000 tonnes, and the Aqaba granary to 100,000 tonnes. The aim was to support the Jordan’s National Food ...

  Bloomberg European natural gas prices jumped as reduced supplies raised concerns about the pace of refilling storage sites in time for next winter, just as a heat wave boosts demand for cooling. Benchmark futures rise as much as 8%, increasing for a third day. A liquefied natural gas export facility in the US — a vital source of supply ...

Bloomberg Turkey is maintaining its opposition to Sweden and Finland joining Nato unless they address its security concerns, President Recep Tayyip Erdogan said, leaving little hope that enlargement of the bloc could get underway by a summit this month. Finland and Sweden sought entry into the North Atlantic Treaty Organization following Russia’s attack on Ukraine, only to have their bids ...

  Abu Dhabi / WAM The UAE has enhanced its ranking to be first globally in overall business skills proficiency, according to Coursera’s latest Global Skills Report. In last year’s report, the country ranked second in the world and led the Middle East and North Africa region. Learners in the UAE were placed in the top 100 percentile, compared to ...

  Abu Dhabi / WAM Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has announced the signing of a financing agreement with Capital Bank of Jordan, whereby a credit line of approximately AED73.4 million ($20 million) will be opened to support collaborative efforts to enhance UAE’s exports to the region and boost economies ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has completed a London investor roadshow, hosting a delegation of over 25 senior executives from nine listed companies and the exchange. Throughout the two-day event, the ADX delegation hosted 204 investor meetings across 47 one-on-one meetings and 37 group meetings, with a total of 89 institutional investors, including some ...

  Dubai / WAM Dubai Culture and Arts Authority (Dubai Culture) has announced that it will be cooperating with ‘Hayi’ app, a free, local, social communication network for neighbourhoods in Dubai that encourages residents to communicate, endorse and befriend each other, create groups based on their locations, share common interests and preferences, as well as launch and participate in social ...

  Dubai / WAM Emirates, renowned for its world-leading air transport services, has also been recognised for its outstanding ground transport services with awards in multiple categories, at the recent RoSPA awards, held for the first time in Dubai. The only airline to have achieved commendations three years in a row, the Emirates team took gold awards in three main ...

Bloomberg President Volodymyr Zelenskiy said the war may stagnate if deliveries of advanced weapons from Ukraine’s allies don’t accelerate, and that the fighting is “very fierce” in the east. Russia continued its assault on Sievierodonetsk, shelling the city and surrounding villages as it pushes to capture the Ukrainian government’s last major foothold in the eastern region of Luhansk. The regional ...

  Bloomberg US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. The consumer price index increased 8.6% from a year earlier in ...