AL AIN / WAM Zaki Anwar Nusseibeh, Cultural Advisor to the President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Chancellor of the United Arab Emirates University (UAEU), has congratulated the faculty and staff of the university for having once again achieved international accreditation by the Western Association of Schools and Colleges’ (WASC) Senior College and University Commission ...
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DIFC Courts sees 10% rise in volume of cases
Dubai / WAM The Dubai International Financial Centre (DIFC) Courts on Tuesday released its figures for the first six months of 2022, reaffirming increased efficiency of process for businesses engaged with the region’s prime jurisdiction for dispute resolution. The volume of cases across all the divisions recorded a 10 percent increase in the first half of this year, compared ...
Read More »China warns Taiwan visit by Pelosi to have ‘grave impact’
Bloomberg China vowed to take a “resolute and strong†response to any Taiwan visit by US House speaker Nancy Pelosi, setting the stage for a possible showdown over the reported landmark trip. Pelosi’s plan to lead a delegation to Taipei next month, which was reported by the Financial Times, would have a “grave impact†on US-China ties, Foreign Ministry spokesman ...
Read More »China denies report Xi invited European leaders to meeting
Bloomberg China flatly denied a report that President Xi Jinping had invited top European leaders to meet him in Beijing later this year, and was still awaiting their response, as tensions fray between Beijing and the bloc. “I don’t know what’s their source of information,†Chinese Foreign Ministry spokesman Zhao Lijian said Tuesday, referencing the South China Morning Post report. ...
Read More »London’s scorching Tube raises alarm over Europe’s brutal heat
Bloomberg The few commuters who braved the heat of London’s Underground transport system had to endure temperatures deemed too hot to safely transport cattle, showing the brutal conditions sweeping through Europe and impacting everything from transport to food and energy production. Intense heat caused London’s Luton Airport to halt flights for runway repairs, while Wales set a new record and ...
Read More »Canada’s home prices slide most since 2005
Bloomberg Canadian home prices saw their biggest monthly decline in at least 17 years as the impact of higher interest rates began to spread across the country. The benchmark price of a home falls 1.9% in June versus the previous month, according to data by the Canadian Real Estate Association. That’s the third straight month of falling prices, and ...
Read More »Volvo profit beats despite supply-chain snarls
Bloomberg Volvo AB said a slowing global economy is not yet weighing on demand as the truckmaker reported better-than-expected profit for the second quarter. “We realise, like everyone else, that the macro-economic measures taken now by central banks must have an effect in order to reduce the inflationary pressures,†Volvo’s Chief Executive Officer Martin Lundstedt said in a phone interview ...
Read More »Fertiliser inflation forces overhaul of Brazil ports, railways
Bloomberg Brazil’s heavy dependence on fertiliser imports is leading to a major upgrade of the nation’s ports, railways and distribution centers. Hundreds of millions of dollars are pouring into Brazil’s logistics infrastructure, all in order to more quickly get fertiliser from ports to inland farms thousands of miles away, which produce the most soybeans, coffee and sugar in the world. ...
Read More »UAE, France keen to bolster strategic relations
Paris / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with French Republic President Emmanuel Macron for a private lunch at the Elysée Palace on Monday. The two Heads of State discussed opportunities for collaborating and expanding their longstanding partnership alongside overall developments and approaches to topics of regional and global concern. His Highness also congratulated President ...
Read More »UAE, France bound by strategic relations
Abu Dhabi / WAM The UAE and France are bound by longstanding strategic relations as they derive their strength from the support, follow-up and directives of the leadership of the two countries represented by President His Highness Sheikh Mohamed bin Zayed Al Nahyan and President Emmanuel Macron of the French Republic. During the past years, the distinguished relations between ...
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