Abu Dhabi / WAM The UAE has condemned the Iranian-backed Houthi terrorist militia’s attempt to target Abha International Airport in Saudi Arabia using an explosive drone, which was intercepted by Arab Coalition forces on Sunday. In a statement released by the Ministry of Foreign Affairs and International Cooperation, the UAE reiterated its full solidarity with Saudi Arabia against all threats ...

Abu Dhabi / WAM In a sign that bodes well for an eventual market recovery after the coronavirus, consumer spending in the UAE continues to increase for the third straight month, jumping 63 percent in August as compared to March, according to statistics released by the Federal Competitiveness and Statistics Authority (FCSA). Hoteliers were among the top beneficiaries, as spending ...

Bloomberg Veolia Environnement SA offered 2.9 billion euros ($3.5 billion) for a 29.9% stake in French rival Suez SA, reviving an eight-year-old attempt to create a world leader in waste and water services. Veolia offered to acquire the stake from energy giant Engie SA for 15.50 euros a share in cash, 27% more than where the target closed, Veolia said ...