Sharjah / Emirates Business The talents of the UAE’S traditional craftswomen and its emerging designers have been successfully highlighted on an international stage following a trade delegation to London. The recently concluded mission, organised by Sharjah-based Irthi Contemporary Crafts Council (Irthi), that operates under NAMA Women Advancement Establishment (NAMA) offered a unique opportunity to showcase and support the creative ...
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UK jobs market shows resilience for now against Brexit fallout
Bloomberg Britain’s labor market isn’t cracking under the weight of Brexit yet. Companies added 172,000 jobs in the second quarter and the unemployment rate held at 4.9 percent, showing resilience in the buildup to the June 23 referendum when the UK decided to quit the European Union. While the data available for July—after the vote—are more volatile, they show ...
Read More »Poland brings wind works to standstill with $131mn at risk
Bloomberg Poland’s law restricting the proximity of turbines near homes is bringing the wind-energy industry to a standstill, according to environmental researchers. At stake are more than 500 million zloty ($131.4 million) spent by investors to date on developing wind projects, according to a survey published on the website of Ambiens sp. z o.o. Environmental consultants last month polled ...
Read More »Australia LNG export boom nips Santos
Bloomberg After spending billions of dollars constructing a world-class liquefied natural gas export project in Australia, Santos Ltd. has found itself short of gas. The country’s third-largest energy producer, which isn’t pumping enough of its own gas to feed its Gladstone LNG plant yet, is having to buy expensive local supplies to fill the gap. Meanwhile, prices for the ...
Read More »â€˜Nickel emerging as best bet for investors’
Bloomberg Nickel’s rally is only just getting started, making the metal an attractive bet for investors, according to Jinchuan Group, China’s biggest producer of the refined metal. Tightening global supplies because of a mining clampdown in the Philippines and rising demand from the stainless steel industry in China will push prices higher even after they climbed 35 percent from ...
Read More »RTA Dubai and UNDP to share information on green economy
Dubai /Â WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), has discussed with Frode Mouring, Resident Representative of the United Nations Development Programme (UNPD), the UAE, a host of issues of common concern including strengthening bilateral co-operation. The two parties also tackled sharing of information and knowledge, and ...
Read More »DFA ranks as world’s most attractive business acceleration programme
Dubai / Emirates Business The Dubai Future Accelerators (DFA) programme received an unprecedented number of submissions for the first cycle of its programme, which begins September 12. Over 2,200 companies from 73 countries, on all 7 continents, applied to be a part of the first cycle of the program; including one submission from scientists in Antarctica! Applications poured in ...
Read More »Russia conducts first Syria airstrikes from Iran base
Moscow / AFP Russian warplanes on Tuesday flew a bombing run from an Iranian airstrip against extremist groups in war-torn Syria, the defence ministry said — the first time Moscow has reported using an Iranian air base. The raids mark the first time that Russia has publicly stated that it has used a base in a Middle East country ...
Read More »UK to build world’s biggest wind farm
London / Bloomberg The UK government gave the go-ahead for the world’s biggest offshore wind farm, a 6 billion-pound ($7.8 billion) project in the North Sea by Danish utility Dong Energy A/S. “Britain is a global leader in offshore wind, and we’re determined to be one of the leading destinations for investment in renewable energy, which means jobs and ...
Read More »British inflation climbs to 0.6% after Brexit vote
London / AFP Britain’s annual inflation rate edged higher last month, official data showed on Tuesday, and is set to climb further as a weak pound caused by the Brexit vote raises import prices. The 12-month Consumer Price Index rose by 0.6 percent in July, the Office for National Statistics said in a statement. CPI had risen by 0.5 ...
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