Uncategorized

  Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, and leading beverage producers, can-makers and waste management companies, on Sunday announced the launch of the “Aluminium Recycling Coalition”, which aims to drive a step-change in aluminium recycling in the UAE. The coalition was launched at EGA in ...

Dubai / WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Idex and Navdex 2023 exhibitions, which will be held from February 20-23, will host over 15 high-level panels focusing on three main themes. The panels will feature prominent intellectual leaders and decision makers from around the world, who will discuss innovative technologies and solutions ...

  Sharjah / WAM Sharjah Chamber of Commerce and Industry (SCCI) continued in the last year its leading role in creating the best investment environment, reinforcing the position of the emirate of Sharjah as a global business hub and bolstering its competitiveness and economic potential by following a strategy based on protecting the interests of businessmen and supporting its members ...

  Bloomberg After years of playing second fiddle to the US, European assets are now charging ahead and leaving Wall Street in the dust. Euro-area equity markets are up 38% since the end of September in US dollar terms, and enjoying their best start to a new year ever. Meanwhile, the region’s investment-grade credit is ahead of its US peers ...

  Bloomberg UK Transport Secretary Mark Harper has given rail companies permission to make a new offer to unions this week in a bid to ending strikes. A “revised mandate” had been given to rail companies to go into negotiations in the coming days and it’s important to give the two sides space “to try and reach a conclusion,” Harper ...

Bloomberg High inflation, rising interest rates and increased economic uncertainty may be telegraphing a further slowdown in US new household formation during the closing months of 2022. A slowdown in home sales due to high mortgage rates, coupled with the latest figures from RealPage Market Analytics that show a sharp decline in apartment demand — the first since 2009 — ...

Bloomberg Germany wants to force its power-hungry data centers to harness excess heat for warming residential homes — an effort which the industry warns is likely to fall flat. The country has become one of the largest global hubs for data centers thanks to its clear data protection and security laws. Politicians are now trying to re-purpose some of their ...

Bloomberg At least nine people were killed and dozens others wounded after a Russian missile strike demolished much of a high-rise apartment building in the Ukrainian city of Dnipro. The hit was part of Russian coordinated strikes on Ukraine after a roughly two-week pause, starting with what were called ballistic-type missiles aimed at Kyiv and the surrounding region in the ...

Bloomberg Turkey said Sweden and Finland should hurry on fulfilling promises for their accession to Nato, ahead of Turkish elections due to take place in less than six months. The Turkish parliament may announce a recess six weeks before parliamentary and presidential elections, leading to the need to rush to get it ratified, said presidential spokesman Ibrahim Kalin. Yet Sweden ...

Dubai / WAM With its world-class infrastructure, advanced facilities, year-round sunshine, luxury marinas, award-winning tourism offerings, rich maritime history and picturesque coastline, Dubai has emerged as the quintessential yachting destination. Following Dubai’s participation at the Monaco Yacht Show and the recent Gulf Superyacht Summit 2022 hosted in Dubai under the patronage of P&O Marinas with participation from government and private ...