Abu Dhabi / WAM Abu Dhabi’s real estate market sustained growth driven by investor optimism, recorded 7,474 property transactions amounting to over AED22.51 billion, as per the latest report released by the Department of Municipalities and Transport (DMT). The department’s half-yearly report indicates that all kinds of land, buildings, and real estate were purchased, sold, and mortgaged. DMT’s real ...

  Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) held a workshop in the presence of representative stakeholders from institutions and government agencies to consult on the Abu Dhabi Biodiversity Protection Policy. The workshop aimed to present the proposed policy and help organise and promote the sustainable use of biodiversity resources. The longer-term goal is to preserve ...

  Abu Dhabi / WAM Khalifa Fund for Enterprise Development has welcomed Abacus, a leading vendor of business management solutions, as the latest e-Empower partner. Abacus, the official Sage provider in the Mena region, will offer Khalifa Fund applicants specialised packages to enhance their digital capacities. Within the agreement, Abu Dhabi entrepreneurs will have access to awareness sessions on digital ...

  Dubai / Gulf Time Emirates will increase the frequency of its services to/from London Gatwick airport with the addition of a third daily flight, effective July 27 until August 3. This third daily flight will help serve high demand from customers travelling to and from London this summer. It will also provide additional seats to accommodate Emirates passengers affected ...

  ABU DHABI / WAM The Federal Tax Authority (FTA) significantly expanded its efforts in collaboration with various government departments, ministries and authorities to protect consumers from non-compliant products, combat tax evasion, and ensure compliance with tax legislations and procedures. During the first half of this year, the FTA carried out 9,948 inspection visits in local markets across the country ...

  DUBAI / WAM Dr Suhail Al Bastaki, Director of Happiness and Marketing Department at Union Coop, confirmed that consumers had interacted positively with the decision to limit single-use plastic bags since its implementation on July 1. He added that consumers are using recyclable and environmentally friendly bags that can be used multiple times while making a purchase. He pointed ...

  Bloomberg The world’s oil map is being redrawn as the industry becomes increasingly intertwined with renewables, according to consultancy Wood Mackenzie Ltd. Oil majors that want to reduce their carbon footprint will have to shift their activities to energy basins where drilling rigs can be powered by renewables and which have ample space for carbon sequestration, said Andrew Latham, ...

  Bloomberg Surging energy prices are projected to push one in three British households into fuel poverty by October, intensifying the cost-of-living crisis and heaping pressure on the new prime minister to take swift action. The number of homes spending more than 10% of total income on energy will jump to 8.2 million that month, when bills are set to ...

Bloomberg A gas turbine for the operation of Gazprom PJSC’s Nord Stream 1 pipeline that’s the main route of gas transport from Russia to Germany is held up in transit after maintenance in Canada, the latest twist in an ongoing spat between the two countries. The turbine is currently stranded at an undisclosed location in Germany because Russia hasn’t provided ...

  Bloomberg Hindustan Zinc, a unit of billionaire Anil Agarwal’s Vedanta, is considering expanding overseas as a way to profit from growth opportunities in Europe. “There is a strategic thought that we could venture into the international market,” Hindustan Zinc Chief Executive Officer Arun Misra said in a phone interview. “Europe provides us with an opportunity, the make or break ...