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  Abu Dhabi / WAM Aldar Properties on Friday announced that it is scaling up its property and integrated facilities management platform through the full acquisition of Spark Security Services, a leading UAE-based manned guarding security services provider. The all-cash AED125 million transaction further strengthens Aldar’s property and integrated facilities management platform to deliver a broader offering to customers, ranging ...

  DUBAI / WAM Sheikha Mozah bint Marwan Al Maktoum, First Lieutenant Pilot at Dubai Police, has highlighted the UAE’s journey in women’s empowerment and the country’s efforts to boost their participation across various fields. In her keynote speech at the Women in Tech LATAM Awards in Rio De Janeiro, Brazil, Sheikha Mozah also discussed women’s contribution to aviation throughout ...

  Dubai / WAM The “My Book is Your Book” initiative to collect new and used books launched by the Union Coop has achieved great success after collecting more than 2,243 books in its first phase in just one week. In detail, Dr. Suhail Al Bastaki, Director of Happiness & Marketing Department at Union Coop, said that the initiative was ...

  Bloomberg UK gas producers and electricity generators may make excess profits totalling as much as £170 billion ($199 billion) over the next two years, according to Treasury estimates that lay bare the revenue-raising potential of a windfall tax. Treasury officials will deliver the assessment to the next prime minister when they take office on September 6, according to a ...

  Bloomberg China has sent warplanes across the Taiwan Strait’s so-called median line almost daily since House Speaker Nancy Pelosi’s visit last month, shrinking a buffer zone that has helped keep the peace for decades. An average of 10 Chinese aircraft have crossed the US-drawn boundary every day since Aug. 3, when Pelosi became the first House speaker to visit ...

  Bloomberg Microsoft Corp.’s planned $69 billion purchase of Activision Blizzard Inc. will be sent for an in-depth review unless the tech giant offers remedies to address the UK watchdog’s concerns. The Competition and Markets Authority (CMA) said it was concerned about a substantial lessening of competition in the gaming consoles, multi-game subscription services and cloud gaming markets. It gave ...

  Bloomberg The Canadian economy accelerated in the second quarter as the nation benefited from surging commodity prices and got a boost from the lifting of Covid-19 lockdowns, though signs are emerging the momentum is waning. Gross domestic product rises at a 3.3% annualised rate after a 3.1% increase in the first three months of the year, Statistics Canada reported. ...

  Bloomberg Spanish inflation eased for the first time in four months, though surging energy prices as Russia limits supplies before the winter mean the retreat from record highs will probably be slow. European Union-harmonised consumer prices rise as much as 10.3% from a year ago in August, down from July’s 10.7% increase, Spain’s statistics service said in a statement. ...

  Bloomberg Argentina etched out a job market program aimed at addressing informal labour as it seeks to lower government spending. A government decree created the “puente” or bridge program by which social welfare recipients can continue to receive their handouts for a year after starting a formal, payroll job. The government will also cover all employer contributions during that ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, directed urgent aid worth AED50 million to provide relief to those affected by the floods in Pakistan. The aid, which will be provided by the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), in cooperation with ...