April, 2022

• 18 April

  Inflation hits 37-year high in a first for Danish millennials

  

    Bloomberg Danish inflation is higher than millennials have ever experienced in their lives. After a decade of price increases clocking in at less than 2% a year, consumers are now having to contend with a whopping 5.4% gain in March from a year earlier — a level not seen since May 1985, when the internet was in its infancy ...

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• 18 April

  Spain set to scale back its economic growth outlook

    Bloomberg Spain is set to pare back its economic growth forecast due to the impact of Russia’s invasion of Ukraine, Prime Minister Pedro Sanchez said. “It’s clear that Putin’s war in Ukraine is having an impact not only on the European economy, but also on the the global one, and that there will be a downward revision in the ...

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• 18 April

  China jitters mount as easing calls echo across trading floors

  

  Bloomberg Investors have a clear message to China’s policy makers: more stimulus is needed, and quickly, to reignite a stalled recovery in markets. The People’s Bank of China (PBOC) decision to give lenders a modest cash boost was met with declines in equities on Monday. And with data showing consumer spending took a dive in March, weighing on sentiment, traders ...

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• 18 April

  US futures, bonds drop as economic outlook fades

  

    Bloomberg US equity futures fall on Monday, while Treasury yields rise, as a jump in energy costs highlighted inflation concerns and cracks in China’s Covid-19-afflicted economy dimmed the growth outlook. US index futures followed a decline in Asia-Pacific stocks, which were sapped by Japan and China. Markets in Australia, Hong Kong and much of Europe remain shut for Easter. ...

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• 18 April

  Dewa launches annual Ramadan drive to promote sustainability

  

    Dubai / WAM Dubai Electricity and Water Authority (Dewa) has launched its annual Ramadan awareness campaign to raise awareness about conservation and having a sustainable and responsible lifestyle. This supports Islamic values that encourage moderation and reducing waste. During the campaign, Dewa has organised a series of virtual and physical awareness lectures to encourage the community to contribute to ...

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• 18 April

  UAE leaders greet Syrian president on National Day

    ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a cable of congratulations to President Bashar al-Assad of the Arab Republic of Syria on his country’s National Day. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His HH Mohamed bin Zayed ...

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• 18 April

  ‘Dubai Customs’ clears AED1.6b of goods in Q1

  

    DUBAI / WAM Following the leading role of the UAE in serving humanity and providing aid and assistance to the world’s population, the Dubai Customs’ Logistics City Centre provides its continuous support to facilitate processes and operations of companies and traders, and in particular in the shipments of the International Humanitarian City. These efforts have a great impact on ...

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• 18 April

  Ajman Chamber sees 35% jump in new membership during 2021

  

    AJMAN / WAM Muhammad Ali Al Janahi, Acting Director-General of the Ajman Chamber of Commerce and Industry (ACCI), has confirmed that the Ajman Chamber has increased its new members from establishments during 2021, which reflects the chamber’s efforts in promoting Ajman’s economic fundamentals and investment opportunities available in various sectors, strengthening global relations to attract new investors, and intensifying ...

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• 18 April

  Sharjah carries out 35 lighting projects in 2021

  

    SHARJAH / WAM The Electricity Distribution Department of the Sharjah Electricity, Water and Gas Authority (Sewa) carried out 35 road and street lighting projects during 2021. The projects included the installation of 7,132 new lighting poles, laying 215 km of cables, installing 97 lighting boxes, 30,497 lighting network maintenance works carried out, and 114,97 lighting units installed, the majority ...

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• 18 April

  ADJD processes 150,507 remote court applications

    Abu Dhabi / WAM The total number of electronically filed applications completed remotely before the courts during the first quarter of this year reached 150,507, in addition to 25,222 requests completed during the same period by the Public Prosecution and 24,643 handled by the Notary Public, Youssef Saeed Al Abri, Undersecretary of the Abu Dhabi Judicial Department (ADJD), said. ...

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