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 ...

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 ...

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 ...

Bloomberg Mexican President Andres Manuel Lopez Obrador vowed to restore the national oil company to its former glory. Instead, Petroleos Mexicanos is drowning in debt, its oil output is declining, and now it appears to be losing fuel market share in its own backyard. In the past 21 months of the Lopez Obrador administration, Pemex has lost roughly 13% of ...

Most years, the end of the retail industry’s sales calendar is defined by a tidy succession of seasonal events: back-to-school, Halloween and Christmas. With the pandemic, this isn’t an ordinary year. The result? Those shopping rituals are poised to converge into a super season of sorts in October, creating a tricky balancing act that is bound to trip up some ...

India’s worst economic slump is no time for the government to sow doubts about the credibility of its institutions. The Reserve Bank of India (RBI) postponed its three-day, rate-setting meeting without giving a reason. It was probably cancelled because the panel didn’t have enough people to convene; the six-person committee requires four officials to proceed. The terms of three members ...

When Boris Johnson had his breakthrough meeting with then Irish leader Leo Varadkar outside Liverpool in 2019, he had a burning need to strike a Brexit deal and only one major obstacle standing in the way: the Irish border. Faced with either betraying Brexiters in his party, which would have been the end of his leadership, or plunging his country ...

Inch by inch, since the start of the pandemic, the White House has sought to sabotage the Centers for Disease Control (CDC) and Prevention for the political benefit of President Donald Trump. To an alarming extent, it has succeeded. Once globally recognised as “the best science-based, data-driven agency in the world,” in the words of its current director, the CDC ...

Bloomberg United Airlines Holdings Inc’s pilots agreed to accept lower minimum pay guarantees to prevent almost 4,000 of their members from being put on furlough. The pact with United won 58% support in a vote by union membership, the Air Lines Pilots Association (ALPA) said. The airline had sought to cut costs while avoiding pilot layoffs because of the expense ...

Bloomberg Amazon.com is about to test whether consumers who have taken to online shopping in huge numbers during the pandemic will spend even more for deals during the company’s Prime Day sales event. The largest online retailer will offer discounts for paying members of its speedy-shipping and video streaming service beginning on October 13. The two days of discounts come ...