Bloomberg The euro area economy kicked off 2022 on a weak footing, with pandemic restrictions taking a toll on confidence and growing fears that Germany may be on the brink of a recession for the second time since the crisis began. A sentiment gauge by the European Commission fell to 112.7 in January, the lowest in nine months, driven ...
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Bloomberg The Spanish economy beat expectations at the end of last year, benefiting from a surge in investment and strong export demand. Gross domestic product rises 2% in the fourth quarter following growth of 2.6% in the previous three months. That beats economist estimates for an increase of 1.4%. It’s also better than France’s 0.7% expansion and the contraction ...
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Bloomberg Business closures in the UK jumped by 14% from a year ago in the fourth quarter as the coronavirus pandemic took a brutal toll. Almost every industrial group saw the number of closures rise, with the transport and storage sector posting the largest increase, the Office for National Statistics said. Only finance and insurance bucked the trend. Meanwhile, ...
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Bloomberg France’s economy grew more than anticipated at the end of last year, overcoming supply shortages and Covid-related disruptions to give President Emmanuel Macron a lift ahead of April’s election. Rising consumer spending and investment in the euro area’s second-largest economy powered a 0.7% increase in gross domestic product in the fourth quarter. That was above the 0.5% expansion ...
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Abu Dhabi / WAM The UAE has successfully enhanced the growth and development of the industrial sector, with the Ministry of Industry and Advanced Technology overseeing a historic rise in industrial exports from the UAE to foreign markets, which totaled approximately AED120 billion (around $33 billion) in 2021. During the Federal National Council session, addressing the development of the ...
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Dubai / WAM Russia has grown to become the second-largest source market for Dubai’s travel and tourism sector in 2021, climbing from eighth place in last year’s rankings, according to data released ahead of the next edition of Arabian Travel Market (ATM), which will take place at Dubai World Trade Centre (DWTC) from May 9-12. Commissioned by Reed Exhibitions ...
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DUBAI / WAM The Abdulla Al Ghurair Foundation for Education (AGFE) launched “Nomu”, a multi-sector partnership initiative in collaboration with University Leadership Council (ULC) to empower 25,000 Emirati youth by 2025. The initiative was announced during the Global Goals Week held at Expo 2020 Dubai and will offer high-quality learning opportunities as part of the nation’s sustainability strategy. The ...
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ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi announced that it will launch “Abu Dhabi Link” on-demand bus service on Saadiyat Island on Friday, January 28. The service can be requested through the Abu Dhabi Link mobile application. This is a step that reinforces the principle of sustainable ...
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Bloomberg Russia gave a critical initial response to US security proposals aimed at defusing a crisis over Ukraine, saying they failed to address Moscow’s demands to prevent Nato expansion, though the Kremlin indicated talks are likely to continue. While President Vladimir Putin has read the documents and will take time to study them, “it cannot be said that ...
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ABU DHABI / WAM A summit was held in Abu Dhabi on Wednesday that brought together His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, His Majesty King Hamad bin Isa Al Khalifa of Bahrain, and Abdel Fattah Al-Sisi, President of the Arab Republic of Egypt. ...
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