SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued Emiri Decree No (44) of 2023 promoting Issa Abbas Hussein Youssef to the position of Director-General of the Sharjah Archaeology Authority, effective immediately.

ABU DHABI / WAM The Federal National Council (FNC) on Wednesday held the 13th session of the fourth regular session of its 17th legislative term in Zayed Hall at its headquarters in Abu Dhabi, chaired by Saqr Ghobash, Speaker of the FNC. During the session, Ghobash reviewed a message from the UAE Government and two reports from various committees and ...

DUBAI / WAM With the commencement of the Hajj season and upcoming Eid Al Adha celebrations, Emirates is layering on additional flights to key regional destinations to meet significant travel demand during this special period. As the Kingdom of Saudi Arabia lifts all Hajj travel restrictions for the first time in three years, Emirates has deployed additional flights for pilgrims ...

BLOOMBERG The European Union (EU) has assessed that it can’t legally confiscate outright frozen Russian assets and instead is focussing on using those assets temporarily, according to a document obtained by Bloomberg. The EU is zeroing in on two options as it keeps exploring how it could harness more than €200 billion ($219 billion) in frozen Russian central bank assets ...

BLOOMBERG The Swiss government agreed on the parameters for possible future negotiations with the European Union (EU), part of its long-running effort to arrange new treaties with the bloc. The government seeks to “stabilise and develop relations with the EU. It aims to guarantee barrier-free access to the EU’s single market in certain sectors,” it said in a statement. The ...

BLOOMBERG Chancellor Olaf Scholz urged Germans to sign up to his vision of the country’s technological and environmental transformation and warned against the rise of “ill-tempered” political rivals he accused of exploiting the fears of ordinary citizens. In a clear reference to recent gains by the far-right AfD in opinion polls, Scholz said the priority for him and his government ...

BLOOMBERG Japanese Prime Minister Fumio Kishida promised the public he would fix problems with the introduction of a national ID card that have damaged support for his government and raised concerns about data breaches. Kishida told a news conference he is taking seriously the problems with what is known as the “My Number” card. “We will work on the complete ...

BLOOMBERG Prime Minister Rishi Sunak faces mounting pressure from members of his Conservative Party to help Britons struggling with surging mortgage costs, amid fears that the UK’s sticky inflation and skyrocketing interest rates will cost them their seats in the next general election. Data showed the government is struggling to deliver on its promise to halve inflation this year, with ...

BLOOMBERG China’s yuan tumbled past the closely watched 7.2-per-dollar level and analysts are bracing for more losses after Beijing showed little resistance to the decline. The offshore yuan fell as much as 0.3% to 7.2007 to the greenback, the weakest since November. A lack of aggressive stimulus from authorities is fuelling a wave of selling in Chinese assets, with a ...

BLOOMBERG Stocks struggled for direction as a hot inflation reading in the UK proved a cautionary tale for global central banks fighting inflation and markets wagering they’re close to the end of their tightening cycles. Futures contracts on the S&P 500 fluctuated in a narrow range after the gauge notched its first back-to-back losses in nearly four weeks. Economic bellwether ...