LONDON/WAM The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in the economy have eased, Associated Press (AP) reported. In a statement Thursday, the bank said that by a 5-4 margin, its policymaking panel backed a quarter-point reduction in its main interest rate to ...

ABU DHABI/WAM The Central Bank of the UAE (CBUAE) imposed a financial sanction on a bank operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations. The financial sanction is the result of the findings of an examination conducted ...

COPENHAGEN/WAM Extreme heat kills over 175,000 people a year in Europe, where temperatures are rising quicker than the rest of the globe, the World Health Organisation (WHO) said Thursday. In a statement, the WHO Regional Director for Europe Dr. Hans Henri P. Kluge said, “The WHO European Region is the fastest-warming of the six WHO regions, with temperatures rising at ...

ABU DHABI/WAM The United Arab Emirates has welcomed the ceasefire announcement between the Democratic Republic of the Congo and the Republic of Rwanda, in North Kivu region, east of the DR Congo. Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, affirmed the deep-rooted historic ties between the UAE and the African continent, and commended the endeavours of the Republic ...

GULF TIME The well-known Prague hotel Alcron, located in the center of one of the most beautiful European metropolises, underwent a complete renovation and reopened its doors earlier this year as Almanac X Alcron Prague. The icon of the European hotel industry belongs to the luxurious collection of prestigious hotels Almanac Hotels, which is owned by the Viennese Haselbacher family. The ...

ABU DHABI/WAM HH.Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the launch of the Medeem Centre for Family Nurturing, part of the Medeem initiative launched by the Department of Community Development in April 2024. During a meeting with the Department of Community Development’s senior management, ...

ABU DHABI/WAM The Central Bank of the UAE (CBUAE) and the Dubai Courts have signed a Memorandum of Understanding (MoU) aimed at linking electronic services related to the execution of judgments, orders, and decisions issued by the Dubai Courts through the Central Bank’s court cases management system. The MoU was signed by Khaled Mohamed Balama, CBUAE Governor, and Prof. Saif ...

EL ALAMEIN/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with His Excellency Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, in New Alamein City as part of a private visit lasting several days. During their meeting, His Highness and the Egyptian President discussed the strong fraternal relations between their countries across wide-ranging areas of ...

SHUSHA/WAM The ninth session of the UAE-Azerbaijan Joint Intergovernmental Commission (JIC) for Economic, Trade and Technical Cooperation between the two countries was held in the Azerbaijani city of Shusha, chaired by Abdullah bin Touq Al Marri, Minister of Economy; and his Azerbaijani counterpart Mikayil Jabbarov. The session was attended by several senior officials and government and private sector representatives from ...

BRASÍLIA/WAM Brazil’s central bank held its interest rate steady for the second consecutive meeting. Policymakers voted unanimously to keep the benchmark rate, known as the Selic, unchanged at 10.5% on Wednesday, Bloomberg reported. In June, Brazil’s central bank halted the interest rate cuts that had been in place for nearly a year. Recently, the government has called for a reduction ...