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Sales of US previously owned homes fall to lowest since 2020

  Bloomberg Sales of previously owned US homes fall in March to the lowest since June 2020 as historically low inventory paired with rising mortgage rates curbed purchases. Contract closings decreased 2.7% in March from the prior month to an annualised 5.77 million, figures from the National Association of Realtors showed. The figure was in line with estimates in a ...

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Argentine tech industry earns billions of dollars off the books

  Bloomberg Billions of dollars in Argentine technology exports are going unreported as companies and freelance workers skirt currency controls, according to an industry group. About $2.2 billion of service exports from the country’s technology sector may go unreported in official data this year, according to Luis Galeazzi, executive director of Argencon, an advocacy group that published its semiannual report ...

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UAE takes part in meet to confront illegal Israeli policies in Jerusalem

  Abu Dhabi / WAM Khalifa Shaheen Al Marar, Minister of State, headed the UAE delegation to the fourth meeting of the Arab Ministerial Committee in charge of international action to confront illegal Israeli policies and measures in the city Jerusalem. The meeting was held at the invitation of the Hashemite Kingdom of Jordan in its capacity as Chair of ...

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Abu Dhabi, South Korea ink deal to promote investment opportunities

  Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry and the Korea Federation of Small and Medium Business (KBIZ) signed a cooperation agreement to strengthen economic and trading relationships between their respective members. Signed in Abu Dhabi, the cooperation agreement stipulates that both parties shall support the business environment as a global system for positive partnerships ...

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du donates AED1mn to ‘1 Billion Meals’ initiative

  Dubai / WAM du, from Emirates Integrated Telecommunications Company (EITC), has announced a donation of AED1 million to the “1 Billion Meals” initiative, the largest of its kind in the region, which aims to assist and provide sustainable food support to the underprivileged in 50 countries. The initiative has achieved exceptional success since the first days of its launch ...

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General Motors, Honda in talks to develop solid-state EV batteries

  Bloomberg General Motors Co and Honda Motor Co are in talks about expanding their electric-vehicle partnership to include developing solid-state batteries, which automakers are chasing because they have more power, lower cost and reduced risk of fire. The companies have been discussing joint development of future batteries as they expand cooperation, though no decision has been made yet, Shinji ...

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US blasts China’s support for Russia, vows to help India

Bloomberg A senior US diplomat again warned China of sanctions if it offers “material support” for Vladimir Putin’s war in Ukraine, while also pledging to help India end its dependence on Russian weapons. China wasn’t helping the situation in Ukraine by doing things like amplifying Russian disinformation campaigns, US Deputy Secretary of State Wendy Sherman said at an event in ...

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Abdullah stresses importance of calming situation at Al-Aqsa

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 ...

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Dewa launches electric vehicle community hub website for Dubai

  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 ...

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UAE central bank issues new AED5, AED10 banknotes

  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 ...

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