Bloomberg Tremors are continuing to ripple through the UK mortgage market despite the Bank of England’s intervention to calm financial turbulence. Higher borrowing costs for lenders means the average monthly cost of a two-year fixed-rate mortgage will rise by 70% by March from January this year, Bloomberg Economics estimates. The cost of a two-year fixed-rate mortgage on an average-priced ...
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Dubai / WAM Dubai has achieved outstanding results in the Local Online Service Index (LOSI) 2022 issued by the United Nations as part of its bi-annual E-Government Survey, with the city being included in the list of the world’s best-performing digital governments that received a ‘Very High’ rating. Dubai was ranked fifth globally and first in the Arab world ...
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Dubai / WAM The Ministry of Energy and Infrastructure (MoEI) announced the launch of the “UAE Maritime Network†initiative, which aims to support international maritime organisations and promote the UAE as a global maritime hub and an ideal environment for maritime investments. The initiative supports the ministry’s efforts to enhance the position of the UAE’s maritime sector globally. The ...
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Dubai / WAM Noor Dubai has resumed its humanitarian activities in Nepal by conducting an eye camp to screen and treat eye diseases, primarily Cataract. The UAE-based NGO launched the seven-day eye camp on in partnership with the Nepal Netra Joyti Sang hospital. According to the available data, Nepal was one of the first countries to conduct a nationwide ...
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NEW DELHI / WAM Hoping to learn from the UAE’s experience in jungle and desert safaris, Manohar Lal Khattar, Chief Minister of the Indian state of Haryana, is in the northern emirates on a two-day visit. He will visit Dubai Safari Park and Sharjah Safari with a team of high-level officials from Haryana’s Tourism and Wildlife Department, officials in ...
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Bloomberg Russia vowed to go ahead with the annexation of the parts of Ukraine that its troops currently control after UN-condemned votes, putting the Kremlin on a fresh collision course with the US and its allies. Russia will sign treaties to absorb the four regions in eastern and southern Ukraine at a Kremlin ceremony at 3pm Friday, President Vladimir Putin’s ...
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ABU DHABI / WAM Adnoc Distribution announced on Wednesday the approval of an interim dividend payment to shareholders for the first six months of 2022 of AED1.285 billion (10.285 fils per share), equivalent to $350 million. This is the first payment of what is expected to be a full-year 2022 dividend payment of minimum AED2.57 billion (20.57 fils per ...
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Muscat / WAM A delegation from the Emirates News Agency (WAM) on Wednesday signed a media cooperation agreement with the Oman News Agency (ONA), on the sidelines of the official two-day visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Sultanate of Oman. The agreement aims to strengthen their cooperation in exchanging news and organising ...
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ABU DHABI / WAM International Holding Company (IHC) announced on Wednesday the completion of a 54% stake acquisition in Emircom, the Middle East’s leading information and communications technology (ICT) provider, through its subsidiary, IHC Digital. This AED250 million transaction comes as part of the IHC’s group-wide strategy to grow its digital assets portfolio and expand into new growth areas. ...
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Bloomberg Shell Plc’s renewable energy division acquired Daystar Power, an off-grid services provider in West Africa, in its first acquisition of a power firm on the continent. The takeover, which awaits regulatory approval, will enable Shell renewable and energy solutions business to deliver carbon emission reductions and power cost savings to commercial and industrial businesses across Africa, according to ...
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