Bloomberg Prices charged for goods and services in the euro area jumped by a record amount in February as an easing of pandemic restrictions led to an unexpectedly strong rebound in economic activity. Both manufacturers and service providers saw output improve, according to purchasing managers indexes compiled by IHS Markit. Rising demand and a gradual easing of supply bottlenecks ...
Read More »
Abu Dhabi / WAM The Khalifa Empowerment Programme (Aqdar), a part of the UAE Ministry of Interior, has partnered with Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in the region, and Blue Forest, a leading UAE-based reforestation service provider, on a major employee-based mangrove restoration initiative in the UAE. Entitled “Tree for 50,” ...
Read More »
ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of Abu Dhabi Judicial Department (ADJD), has issued decisions granting judicial officer capacity to 78 officers from three governmental departments of the emirate of Abu Dhabi, namely the Abu Dhabi Department of Economic Development (Added), the Department ...
Read More »
Abu Dhabi / WAM Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), received Malmierca Diaz, Minister of Trade, Foreign Investment and International Cooperation of Cuba, at the ADFD headquarters in Abu Dhabi. Present at the meeting were Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD; Roberto Blanco, Ambassador of Cuba to the UAE; ...
Read More »
Bloomberg Ethiopia began generating electricity from its giant hydropower dam on a Nile River tributary, a project it sees as key to its economic development but that has stirred tensions with downstream neighbours. The Grand Ethiopian Renaissance Dam (GERD) can now start the first phase of generation, authorities said at a ceremony attended by Prime Minister Abiy Ahmed in Guba, ...
Read More »
Bloomberg Russia and Belarus will extend their biggest joint military drills in years, the Belarusian Defense Ministry said, as frictions spike with the West over Russia’s military buildup near the Ukraine border. Russia had said it would return its troops to their bases afterward. While those drills are in Belarus, which is north of Ukraine, the defense ministry statement ...
Read More »
Abu Dhabi / WAM The 2022 Qudwa-PISA Global Competence Forum will take place on Saturday at Expo 2020 Dubai under the theme of “Preparing students to live in an interconnected world”. The event, held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed ...
Read More »
Dubai / WAM A total of 2,098 real estate transactions worth AED4.5 billion were conducted during the week ending February 18, according to figures released by the Dubai Land Department. A total of 252 plots were sold for AED1.1 billion, 1,437 apartments and villas were sold for AED2.47 billion. The top three transactions were a land in Palm Jumeirah sold ...
Read More »
HANOI / WAM There remain huge opportunities for Vietnamese enterprises to accelerate exports of agricultural and food products to the United Arab Emirates thanks to its strong demand for these items, experts have said. As the regional trade and logistics centre, the UAE was considered one of the world’s largest re-export markets for goods, including farm produce, said the ...
Read More »
Dubai / WAM Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, has visited Spain Pavilion at Expo 2020 Dubai. He was welcomed by José Andrés Torres Mora, Commissioner General of the Pavilion, and Julieta Casanova, Commercial Attaché at the Embassy of Spain in the UAE. During his visit, Dr Al Falasi said that Expo 2020 ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.