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Bloomberg Inflation is soaring across the euro area, but it’s also diverging by the most in years in a further complication for the European Central Bank’s ongoing Covid-19 pandemic stimulus. How quickly consumer prices are rising depends on where you are inside the 19-member currency bloc. In Estonia, where energy costs are surging, the 2021 rate is forecast to be ...

Abu Dhabi / WAM The Emirates Development Bank (EDB), on Wednesday announced the signing of a Memorandum of Understanding (MoU) with National Bank of Fujairah (NBF) to offer credit guarantee and co-lending for Small and Medium-sized Enterprises (SMEs) in the UAE. The MoU with NBF is part of EDB’s commitment to boost the SME ecosystem in the UAE and increase ...

Dubai / Emirates Business Sheikh Nahyan bin Mubarak Al Nahyan, UAE Cabinet Member and Minister of Tolerance and Coexistence, inaugurated the 6th International Procurement and Supply Chain Conference 2021, in Dubai, which is the biggest of its kind in the Middle East. Emphasising that the need for a closely connected global supply chain network now is even greater, Sheikh Nahyan praised ...

ABU DHABI / WAM The UAE sent an aircraft carrying 16 tonnes of urgent medical aid to Sierra Leone, to mitigate the effects of the humanitarian disaster facing the capital, Freetown, following the explosion of a petrol station, which led to several deaths and injured dozens, most of whom were women and children. The UAE expressed its solidarity with the ...

Glasgow / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, announced the UAE’s endorsement of the Policy Action Agenda for Transition to Sustainable Food and Agriculture, at a high-level event on ‘Accelerating a just rural transition to sustainable agriculture for people, climate and nature’ that took place as part of COP26 Nature Day. The document sets ...

Bloomberg President Vladimir Putin brushed off a request by Chancellor Angela Merkel to exercise his influence over Belarus as the European Union prepares a fresh raft of sanctions against the regime in Minsk for channeling thousands of migrants to the bloc’s border. With footage of clashes on Poland’s frontier with Belarus and EU leaders accusing the country’s president, Aleksander Lukashenko, ...

A ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and HRH Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, discussed ways of strengthening bilateral fraternal ties in a way that benefit their people. During official talks held ...

Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) on Tuesday reported its financial results for the nine-month period ended September 30. The company’s net profit increased by 18 percent to AED333.7 million, compared to a net profit of AED282.8 million for the same period in 2020. Adnic’s gross written premium increased by 2.4 percent to AED3.24 billion compared ...

Bloomberg Britain must work with other countries to prevent friction on medicine rules post-Brexit to avoid being sidelined by the global drug industry, according to a report from the UK’s biggest pharmaceutical lobby group. The country must collaborate with ‘science allies’ such as the US, Canada and Australia in developing its post-Brexit medicines regulation or risk being left behind, the ...

Bloomberg The Biden administration looks to launch a global infrastructure financing program, intended to counter China’s Belt and Road initiative, with between five and 10 flagship projects announced as soon as January, a senior US official said. The “Build Back Better World” program will look to counter Chinese influence by offering funding for projects with higher labour standards, a focus ...