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Bloomberg Italy’s Prime Minister Mario Draghi said that faster than expected growth will be key to cutting Italy’s debt burden, which has swelled during the pandemic as the government stepped in to support businesses. “Economic confidence is coming back,” Draghi said addressing lawmakers ahead of the June 24 and 25 European Union summit. “Data is pointing to a stronger than ...

Bloomberg Almost half of London companies whose staff can work from home expect them to do so up to five days a week after the pandemic finishes, and smaller businesses are more likely than larger ones to move ahead with remote working. That’s according to a poll of 520 business leaders by the London Chamber of Commerce and Industry, which ...

Bloomberg The euro area’s private-sector economy is growing at its fastest pace in 15 years as coronavirus restrictions are loosened across the region. Surveys of purchasing managers by IHS Markit showed businesses struggling to keep up with demand in June as slowing infection rates allowed services including restaurants to reopen after months of strict lockdowns. Confidence in the economic outlook ...

Abu Dhabi / WAM The Emirates Development Bank (EDB) has signed a Memorandum of Understanding (MoU) with the National Bank of Umm Al Qaiwain (NBQ) to facilitate strategic financing options for Small and medium-sized enterprises (SMEs) in the UAE. The MoU, which will cover Credit Guarantee and Co-lending programmes, will help plug the gap in SME lending support and enhance ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced the resumption of cruise liners in Abu Dhabi starting from September 1 after months of closure in 2020 due to the Covid-19 precautionary measures. In 2019, maritime tourism in Abu Dhabi witnessed impressive growth, resulting in a record-breaking year for the sector. ...

Abu Dhabi / WAM Zaki Anwar Nusseibeh, Cultural Advisor to the UAE President, stated that the UAE is about to begin a crucial phase of its history, with the approach of its Golden Jubilee. Despite its many achievements in various areas of development, the UAE has demonstrated, at every occasion, that the legacy of the late Sheikh Zayed bin Sultan ...

Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) has launched “Tourism 365” to create experiential travel opportunities for tourists coming to Abu Dhabi, and enhance the emirate’s regional and global positioning in the wider tourism sector. The launch of the company is in line with Adnec’s new broader role to support the growth of Abu Dhabi as a ...

SHARJAH / WAM The Sharjah Book Authority (SBA) has announced the opening of registration for the 40th edition of the Sharjah International Book Fair (SIBF) Awards and will be accepting entries until the end of August. The SBA will honour local, regional, and global excellence in literature in five distinctive awards, including the Sharjah Translation Award ‘Turjuman’, Best Emirati Book, ...

Bloomberg Civilians in Afghanistan have taken up arms to push back against the Taliban as the militants fight for control of a crucial northern city and make deeper territorial inroads with the US set to withdraw all troops by September. The insurgents are battling to take control of strategic cities in the country’s north, including its regional hub Mazar-e-Sharif, after ...

Bloomberg The UK remains Europe’s most attractive destination for financial services investment but its lead has narrowed, according to a survey by the consultants EY. The UK attracted 56 financial services projects in 2020, still the highest in Europe yet down 43 projects from 2019, marking the largest year-on-year decline in a decade. Foreign direct investment (FDI) in financial services ...