Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received on Thursday Prime Minister of Israel Naftali Bennett at Al Shati Palace. At the start of the meeting, His Highness Sheikh Mohamed bin Zayed welcomed Bennett who offered his condolences to him and the Emirati people on passing of Sheikh Khalifa bin Zayed Al Nahyan. He ...
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Dubai’s Tecom group offers 625 million shares on DFM
Dubai / WAM Tecom group, a member of the Dubai Holding group, on Thursday announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). Tecom is the owner, manager and operator of 10 strategic, sector-focused business districts across Dubai and a major contributor to ...
Read More »UAE prioritises food security in its development plans: ICBA
Dubai / WAM Dr. Tarifa A. Alzaabi, Acting Director General of the International Centre for Biosaline Agriculture (ICBA), said the UAE is prioritising food security in its development plans and aims to utilise the latest technologies to increase production and address related challenges. She then expressed her appreciation for the visit of President His Highness Sheikh Mohamed bin Zayed ...
Read More »UAE has become a globally trusted energy supplier: Al Mazrouei
Amman / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the UAE, under the directives of its wise leadership, is continuing its pioneering efforts to forecast the future of the energy sector, in cooperation with its global partners, and has become a globally trusted energy supplier. He made this statement during his participation as ...
Read More »Zelenskiy urges unity in renewed push for arms
Bloomberg Ukrainian President Volodymyr Zelenskiy urged global leaders to revive the unity they showed during the pandemic and coordinate efforts to deter Vladimir Putin. “Weapons and sanctions are also a vaccine against Covid-22, which was brought by Russia,†Zelenskiy told a TIME100 Gala event via video-link. Fighting continued in the east of Ukraine, where Russian forces are pushing to capture ...
Read More »Chinese military jet crashes into houses; kills one, injures two
Bloomberg A military jet crashed in central China, killing one local resident and injuring two, according to the state broadcaster. The pilot ejected, but the crash caused an explosion near the airport of Laohekou, in Xiangyang city in China’s central Hubei province, the Xinhua news agency reported. Some houses near the crash site were severely damaged and set on ...
Read More »France’s Macron aims to enact pension reform by mid-2023
Bloomberg President Emmanuel Macron aims to reform France’s pension system by the summer of 2023, he told French news outlets in his first extended interview since his re-election in April. The reform, which initially aimed to lift the retirement age from 62 to 65, is essential to financing Emmanuel Macron’s larger ambitions for his second five-year term. He discussed those ...
Read More »UK economic growth grinding to a standstill
Bloomberg UK economic growth is grinding to a halt as the cost of the living crisis escalates, a leading business lobby warned. The British Chambers of Commerce (BCC) predicted output will be barely higher in the fourth quarter than it was at the end of 2021, with consumers and businesses set to rein in spending as taxes climb and ...
Read More »Inflation forces almost half of Germans to rein in spending
Bloomberg Nearly half of all Germans can no longer afford their lifestyle as inflation surges from one record to the next, according to a poll conducted for public broadcaster ARD. About 47% indicated they’re strongly or very strongly cutting back on spending. In low-income households, that share rises to more than three-quarters. The survey was conducted among 1,337 Germans ...
Read More »Hungary unveils windfall taxes, $6.1b in spending cuts
Bloomberg Hungarian Prime Minister Viktor Orban used his emergency powers to publish decrees on a sweeping set of windfall taxes and to order about $6.1 billion in spending cuts for this year and next. The measures, which will hit industries from banking to energy and airlines to telecommunications, underscore the extent of the budget imbalance that has spooked investors ...
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