DUBAI / WAM Embodying the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the UAE government launched the Coders HQ, a new transformational project that re-defines local coding communities, in partnership with more than 40 companies in the UAE and worldwide. The project, established in ...
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Tadweer to host EcoWASTE 2022 Exhibition and Forum
ABU DHABI / WAM EcoWASTE 2022 Exhibition and Forum, organised by Abu Dhabi Waste Management Centre (Tadweer) will open under the slogan “Exploring Future Opportunities for Waste Management to Achieve a Circular Economy” on January 17. The exhibition was announced during a media event, organised by Tadweer. EcoWASTE 2022 will be held in Abu Dhabi from January 17-19 at ...
Read More »Air Arabia named ‘most punctual airline in 2021’
SHARJAH / WAM Air Arabia has been named the most punctual airline in 2021 at Moscow Domodedovo Airport in the category of ‘Foreign Airlines with more than seven flights per week.’ Moscow Domodedovo Airport, the largest in Russia, announced the winners of the most punctual airline, with the goal of further enhancing the quality of passenger service. The airport ...
Read More »China coal falls to lowest as Indonesia releases cargoes
Bloomberg Chinese coal futures fall to the lowest level this year after Indonesia allowed some cargoes to leave ports as it considers lifting a temporary ban on exports of the fuel. Thermal coal on the Zhengzhou Commodity Exchange dropped by as much as 2.9% on Tuesday after Indonesia’s government said the previous day that it would immediately release 14 ...
Read More »Putin’s troops prepare to exit as Kazakh leader blasts Oligarchs
Bloomberg President Kassym-Jomart Tokayev said Russian-led troops that helped him crush an uprising would begin to leave in two days as he denounced “oligarchic groups†that dominate Kazakhstan’s economy. The country is now “stable†after last week’s violence, allowing for the phased withdrawal over 10 days of forces from Russia and other ex-Soviet states that he’d summoned to Kazakhstan, ...
Read More »Canada caps record jobs year as monthly gain doubles estimates
Bloomberg Canada’s labour market beat expectations in December, a strong end to a record year for employment gains. Employment rises 54,700 last month, Statistics Canada reported in Ottawa. That’s more than double the 25,000 gain economists were predicting in a Bloomberg survey. Full-time jobs actually surged by 123,000, as many part-time workers shifted to more permanent employment — another ...
Read More »German floods cost a record $40 billion
Bloomberg Germany suffered its costliest natural disaster on record last year, as flash floods led to damages that vastly exceeded the amount covered by insurers. Torrential rainfall that devastated parts of western Germany in July 2021 cost Europe’s biggest economy $40 billion, according to a Munich Re report. Roughly a quarter of that will be met by the insurance ...
Read More »UK tells developers to repair dangerous apartment cladding
Bloomberg UK property developers must contribute to a 4 billion-pound-fund ($5.4 billion) to fix dangerous cladding on low-rise apartment blocks by March or face new regulations that would force them to pay, Housing Secretary Michael Gove said. Gove said it was “morally wrong†that homeowners were still trapped in unsafe and unsellable apartments more than four years after the ...
Read More »Euro area inflation hits record to test ECB resolve
Bloomberg Inflation in the euro region accelerated beyond already record levels, defying expectations for a slowdown and complicating the task for European Central Bank officials who insist the current spike is temporary. Consumer prices jumped 5% from a year earlier in December — faster than the previous month’s 4.9% gain and more than the 4.8% median estimate in a ...
Read More »Bee’ah restructures to global investment holding group
Sharjah / WAM Bee’ah, the Middle East’s sustainability pioneer, has now become Beeah Group, adopting the structure of an investment holding company and assuming a new visual identity. As Beeah Group, the organisation is unifying its growing businesses across industries and countries, including operations in UAE, KSA, Egypt and global joint ventures. Since its founding over a decade ago, ...
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