Masonry Layout

  Dubai / WAM The Dubai International Financial Centre (DIFC) Courts on Tuesday released its figures for the first six months of 2022, reaffirming increased efficiency of process for businesses engaged with the region’s prime jurisdiction for dispute resolution. The volume of cases across all the divisions recorded a 10 percent increase in the first half of this year, compared ...

Bloomberg China vowed to take a “resolute and strong” response to any Taiwan visit by US House speaker Nancy Pelosi, setting the stage for a possible showdown over the reported landmark trip. Pelosi’s plan to lead a delegation to Taipei next month, which was reported by the Financial Times, would have a “grave impact” on US-China ties, Foreign Ministry spokesman ...

Bloomberg China flatly denied a report that President Xi Jinping had invited top European leaders to meet him in Beijing later this year, and was still awaiting their response, as tensions fray between Beijing and the bloc. “I don’t know what’s their source of information,” Chinese Foreign Ministry spokesman Zhao Lijian said Tuesday, referencing the South China Morning Post report. ...

Bloomberg The few commuters who braved the heat of London’s Underground transport system had to endure temperatures deemed too hot to safely transport cattle, showing the brutal conditions sweeping through Europe and impacting everything from transport to food and energy production. Intense heat caused London’s Luton Airport to halt flights for runway repairs, while Wales set a new record and ...

  Bloomberg Canadian home prices saw their biggest monthly decline in at least 17 years as the impact of higher interest rates began to spread across the country. The benchmark price of a home falls 1.9% in June versus the previous month, according to data by the Canadian Real Estate Association. That’s the third straight month of falling prices, and ...

Bloomberg Volvo AB said a slowing global economy is not yet weighing on demand as the truckmaker reported better-than-expected profit for the second quarter. “We realise, like everyone else, that the macro-economic measures taken now by central banks must have an effect in order to reduce the inflationary pressures,” Volvo’s Chief Executive Officer Martin Lundstedt said in a phone interview ...

Bloomberg Brazil’s heavy dependence on fertiliser imports is leading to a major upgrade of the nation’s ports, railways and distribution centers. Hundreds of millions of dollars are pouring into Brazil’s logistics infrastructure, all in order to more quickly get fertiliser from ports to inland farms thousands of miles away, which produce the most soybeans, coffee and sugar in the world. ...

Paris / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with French Republic President Emmanuel Macron for a private lunch at the Elysée Palace on Monday. The two Heads of State discussed opportunities for collaborating and expanding their longstanding partnership alongside overall developments and approaches to topics of regional and global concern. His Highness also congratulated President ...

  Abu Dhabi / WAM The UAE and France are bound by longstanding strategic relations as they derive their strength from the support, follow-up and directives of the leadership of the two countries represented by President His Highness Sheikh Mohamed bin Zayed Al Nahyan and President Emmanuel Macron of the French Republic. During the past years, the distinguished relations between ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) commissioned a new 400/132 kV substation in Al Qusais Industrial Area 5, and ten 132/11 kV substations in different areas in Dubai, during the first half of 2022. This is part of Dewa’s efforts to provide an advanced infrastructure that keeps pace with the increasing demand for energy in Dubai. The ...