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Abu Dhabi / WAM Wizz Air Abu Dhabi, a UAE national airline, will commence seven new routes in the upcoming weeks bringing its third aircraft to full capacity after the eased travel restrictions were introduced in the Abu Dhabi Emirate recently. The national airline will operate routes to (Sarajevo) Bosnia and Herzegovina, Odesa (Ukraine), Muscat (Oman), Almaty (Kazakhstan), Sohag (Egypt), ...

SHARJAH / WAM The 48th edition of the Watch and Jewellery Middle East Show (WJMES), organised by the Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry (SCCI), will kick off on Tuesday with the participation of nearly 300 exhibitors of world-leading companies of the watch and jewellery design and manufacturing, alongside the participation of ...

Dubai / WAM The Dubai Gold and Commodities Exchange (DGCX) once again registered a high monthly Average Open Interest (AOI), amounting to 154,629 contracts in September. Open interest is an indicator of the total number of futures contracts held by market participants at the end of the trading day – and the significant increase over the last few months reflects ...

Bloomberg North Korea has labelled Moon Jae-in a meddlesome mediator and reduced to rubble a $15 million liaison office that was one of the South Korean president’s biggest diplomatic achievements. On Monday, however, Kim Jong Un’s regime abruptly restored communication with South Korea via hotlines that Pyongyang had let fall silent for about two months. The move came after Kim’s ...

Bloomberg The UK government is ending two of its pandemic-era safety net programs that pumped almost 80 billion pounds ($107 billion) into the economy, a move that campaigners say will leave more working families in poverty and widen the gap between the rich and the poor. Over the next week, furlough support for wages that helped 8.9 million workers at ...

Bloomberg Canada’s economy returned to growth as consumers headed back to restaurants and entertainment venues, propelling spending on services. Gross domestic product rises 0.7% in August, Statistics Canada said in a flash estimate from Ottawa. That’s a reversal from July, which showed a 0.1% contraction, according to the report. Economists were predicting a 0.2% drop in output for July, after ...

Bloomberg Inflation in the euro area accelerated more than expected to the highest level in 13 years, adding fuel to a debate over how long the post-crisis spike will last. Consumer prices rise 3.4% in September, compared with an estimate for a 3.3% gain, according to figures released by Eurostat. A measure stripping out volatile components such as food and ...

Bloomberg Hungary’s government is planning to pay out a pension bonus to offset the effects of high inflation for the elderly, Prime Minister Viktor Orban said during a weekly interview on state broadcaster Kossuth radio. “Inflation is higher than we would have presumed in our right mind at the beginning of the year,” Orban said. “We must correct pensions against ...

Bloomberg Tesla Inc delivered a better-than-expected 241,300 cars worldwide in the third quarter, a record for the electric-car maker led by Chief Executive Officer Elon Musk. Quarterly deliveries are one of the most closely watched indicators for Tesla. They are also widely seen as a barometer of consumer demand for electric vehicles amid a transition away from the internal combustion ...

DUBAI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visited the UAE Pavilion at Expo 2020 Dubai. HH Sheikh Mohamed viewed the areas in the pavilion, which tells the story of the establishment of the UAE and the dreams of its founders, who created ...