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Employed persons in UAE account for 97.8% of working-age population

Abu Dhabi / WAM The number of employed persons in the UAE accounted for 97.8 percent of the country’s working age population by the end of 2019, figures by the Federal Ccompetitiveness and Statistics Authority (FCSA) have shown, indicating that the majority of the total population are engaged in economically productive activities. The number of workforce was 7.388 million in ...

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New Sanad, Etihad deal expands $900mn-plus partnership

ABU DHABI / WAM Sanad, an industry leader in aerospace engineering and leasing solutions, and Etihad Airways, the UAE’s national carrier, have closed a new spare engine deal which further cements Abu Dhabi’s position as a self-sustaining international aviation sector hub. The announcement of the new deal came during the Global Aerospace Summit in Abu Dhabi, where industry leaders convened ...

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India mulls floor price for natural gas

Bloomberg India is considering a floor price for natural gas produced from local fields to shield explorers like state-run Oil & Natural Gas Corp (ONGC) as tariff slumps, people with knowledge of the matter said. Shares of explorers gained. The proposal being considered by the oil ministry pegs the price to the popular benchmark Japan-Korea Marker that is used for ...

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