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Bloomberg Euro-area businesses shed jobs at the start of the year after strict lockdowns pushed the economy into a double-dip recession. Employment in the 19-nation region falls by 0.3% in the first quarter after two consecutive gains. The economy shrinks 0.6% in the same period, matching an initial estimate. Since then, the outlook for the euro zone has improved. Coronavirus ...

ABU DHABI / WAM Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, took part in the extraordinary meeting of the Organisation of the Islamic Cooperation Executive Committee at the level of Foreign Ministers, which was held upon the request of the Kingdom of Saudi Arabia to discuss the recent violence in occupied East Jerusalem and the Holy ...

Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE’s national railway network, has signed an agreement with Transportr, a leading company in digital freight services. Through the cooperation, Etihad Rail and Transportr will work together to streamline services in the logistics sector through digital solutions, such as booking, tracking, and multi-modal connectivity, providing a complete digital ...

ABU DHABI / WAM Khalifa Shaheen Al Marar, Minister of State, is heading the UAE delegation participating in the Paris International Conference to Support the Sudanese Transition and the Summit on Financing African Economies in Paris, France. President Emmanuel Macron of France is hosting the international conference on Sudan at the Grand Palais Ephémère, with the attendance of 18 presidents ...

ABU DHABI / WAM Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), signed a $30 million (AED110.19 million) line-of-credit agreement with the Eastern and Southern African Trade and Development Bank (TDB) to bolster trade between the UAE and the Bank’s Member States. The first of its kind to be signed by Adex with ...

Bloomberg Chile’s right-wing government coalition likely secured fewer than a third of the seats on the Constitutional Assembly in this weekend’s historic elections, making it more difficult to block major changes and leaving independent and the opposition left-wing parties with more sway to rewrite the new charter. Contenders from the government coalition’s main list obtained 21% of votes with more ...

Abu Dhabi / WAM Etihad Airways has announced it will give away 10,000 prizes this week during Arabian Travel Market (ATM) taking place live in the UAE. The prizes form part of the airline’s commitment to giving away 50,000 prizes throughout the year in celebration of the UAE’s 50th Anniversary. Everyone signed up to the airline’s UAE 50 campaign will ...

DUBAI / WAM Hessa Bint Essa Buhumaid, Minister of Community Development, revealed that the number of Emirati young would-be spouses benefiting from marriage grants increased by nearly 100 percent from January to the end of April, compared to the same period in 2020. There were 1,080 beneficiaries in the first four months of 2021, compared to 526 during the same ...

SHARJAH / WAM The 31st Sharjah Ramadan Festival, organised by the Sharjah Chamber of Commerce and Industry (SCCI), came to an end after reaching more than AED 700 million in sales. The final raffle draw was held on Saturday evening at City Centre Al Zahia. Expressing his pleasure with the success of the 31st edition of the festival in achieving ...

DUBAI / WAM The EV Green Charger initiative, launched by Dubai Electricity and Water Authority (Dewa), provides a network of electric vehicle chargers across Dubai. This initiative supports Dubai’s efforts to provide innovative and sustainable transport solutions as part of the Dubai Green Mobility Strategy 2030, thus contributing towards carbon emission reduction in the transportation sector, said a Dewa press ...