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N Korea fires biggest missile since 2017 as it tests Biden

  Bloomberg North Korea appeared to have fired one of its biggest ballistic missiles in almost five years, adding to its largest series of tests since Kim Jong-un took power as he forces his nuclear arsenal back onto the Biden administration’s agenda. North Korea launched a suspected intermediate range missile for the first time since 2017, according to initial assessments ...

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Abu Dhabi’s non-oil trade hits AED190.2bn in 11 months

  ABU DHABI / WAM The report, titled, “Non-Oil Foreign Merchandise Trade Through the Ports of Abu Dhabi”, published by the Statistics Centre-Abu Dhabi (Scad), confirmed that the value of non-oil foreign trade passing through Abu Dhabi ports over 11 months in 2021 amounted to some AED190.20 billion, an increase of 2.9 percent compared to the same period in 2020, ...

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Etisalat group completes acquisition of elGrocer

  Dubai / WAM Emirates Telecommunications Group Company PJSC (Etisalat Group) on Friday announced that, further to the announcement on November 18, 2021, it has completed the acquisition of elGrocer DMCC. Founded in 2015, elGrocer is a leading online marketplace for groceries operating in all seven Emirates of the UAE. It brings together major retailers and specialty stores on a ...

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Number of medical personnel in UAE up by 140% over 10 years: FCSC

  Dubai / WAM The Federal Competitiveness and Statistics Centre (FCSC) revealed that the number of medical personnel in the UAE grew between 104 percent and 140 percent on average over a period of ten years. The number of physicians working in the public and private sectors in the country increased to 26,151 by the end of 2020, compared to ...

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Sky-high natural gas prices have Japan scrambling for coal

  Bloomberg Japan’s coal imports are poised to jump to the highest level in at least two years as the nation’s utilities turn to the dirtiest fossil fuel as a replacement for expensive liquefied natural gas. More than 17.3 million tons of coal will be delivered to the country this month, said Edwin Toh, a dry bulk manager at energy ...

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Russia sees ‘rational elements’ in US proposal, says top envoy

  Bloomberg Russian Foreign Minister Sergei Lavrov said on Friday that the American proposal to defuse tensions with Ukraine contained “rational elements,” even though some key points were ignored. The seemingly calmer tone came after U.S. President Joe Biden warned of a possible Russian attack next month during a phone call with his Ukrainian counterpart, Volodymyr Zelenskiy. They also discussed ...

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Euro area outlook darkens with Germany on brink of recession

  Bloomberg The euro area economy kicked off 2022 on a weak footing, with pandemic restrictions taking a toll on confidence and growing fears that Germany may be on the brink of a recession for the second time since the crisis began. A sentiment gauge by the European Commission fell to 112.7 in January, the lowest in nine months, driven ...

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Spain’s economy grows by 2% in fourth quarter

  Bloomberg The Spanish economy beat expectations at the end of last year, benefiting from a surge in investment and strong export demand. Gross domestic product rises 2% in the fourth quarter following growth of 2.6% in the previous three months. That beats economist estimates for an increase of 1.4%. It’s also better than France’s 0.7% expansion and the contraction ...

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UK business closures up 14% as pandemic hits small firms

  Bloomberg Business closures in the UK jumped by 14% from a year ago in the fourth quarter as the coronavirus pandemic took a brutal toll. Almost every industrial group saw the number of closures rise, with the transport and storage sector posting the largest increase, the Office for National Statistics said. Only finance and insurance bucked the trend. Meanwhile, ...

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