Bloomberg Shareholders in some of the biggest US companies reaped wealth gains in the pandemic that outpaced pay hikes for their employees by more than 50 to 1, according to a study by the Brookings Institution. The report — focused on 22 industry leaders, including Amazon.com Inc. and McDonald’s Corp. — found that stockholders added some $1.5 trillion in ...

Bloomberg Oil edged higher after a tumultuous session where traders weighed concerns about tight global supply with Germany announcing a ban on Russian oil and a sharp drop in US crude inventories. West Texas Intermediate settled above $102 on Wednesday after swinging between gains and losses. German Foreign Minister Annalena Baerbock said that the country plans to stop importing oil ...

  DUBAI / WAM The Federal Authority for Government Human Resources on Thursday announced that the Eid al-Fitr holiday for the federal entities in the UAE will begin on Ramadan 29 (corresponding to April 30) until Shawwal 3, 1443 Hijri, which is yet to be declared. The authority also offered greetings to the people of the UAE and Arab and ...

  Abu Dhabi / WAM The central bank of the UAE (CBUAE) has launched two new banknotes, in five and ten dirham denominations, made of polymer and enhanced by advanced technical characteristics and security features. The new banknotes are the third issue of the national currency, and reflect the CBUAE’s aim to keep pace with the nation’s development and vision ...

  Abu Dhabi / WAM The Ministry of Economy has launched a new webpage for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India, which was signed by the two countries’ leadership in February 2022 and will come into effect as of May 1. The e-platform provides UAE companies and investors, who wish to capitalise on the benefits ...

  Abu Dhabi / WAM Etihad Engineering, one of the world’s leading maintenance, repair, and overhaul (MRO) services providers, has signed a Component Agreement with Touchdown Aviation (TDA), a global specialist in the supply, loan, exchange, and repair of aircraft components. As part of the agreement, TDA will provide Etihad Engineering supply chain solutions locally in Abu Dhabi, to ensure ...

  Abu Dhabi / WAM Shehbaz Sharif, the Prime Minister of Pakistan, has received Hamad Obaid Ibrahim Salem Al Zaabi, UAE Ambassador to Pakistan, at the Prime Ministry headquarters in Islamabad. During the meeting, the two sides reviewed a number of issues of common interest. Al Zaabi commended the distinguished relations between the UAE and Pakistan, highlighting the UAE’s desire ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, emphasised the significance of calming the situation and ceasing any practices that violate the sanctity of the blessed Al-Aqsa Mosque. In a phone call with the Israeli Minister of Foreign Affairs, Yair Lapid, the two ministers discussed bilateral relations and cooperation ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has launched the “Dubai EV Community Hub” website for Dubai, aiming to increase electric vehicle (EV) adoption by centralising information regarding EV developments in Dubai. This is part of Dewa’s efforts to encourage the use of sustainable transport and consolidate Dubai’s position as a global capital for a green economy ...

  ABU DHABI / WAM The central bank of the UAE (CBUAE) has launched two new banknotes, in five and ten dirham denominations, made of polymer and enhanced by advanced technical characteristics and security features. The new banknotes are the third issue of the national currency, and reflect the CBUAE’s aim to keep pace with the nation’s development and vision ...