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ABU DHABI / WAM TheUAE and the Kingdom of Cambodia have finalised the terms of a Comprehensive Economic Partnership Agreement (Cepa), paving the way for a new era of trade and investment cooperation between the two nations. The successful conclusion of negotiations was confirmed with the signing of a joint statement by Dr Thani bin Ahmed Al Zeyoudi, UAE Minister ...

SHARJAH / WAM His Highness Sheikh Dr Sultan bin Muhammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued an Emiri decree on the supplementary grant for the insured beneficiaries and salaried persons in the emirate of Sharjah. The decree stipulates that eligible beneficiaries of insured persons under the Sharjah Social Security Fund and those receiving salaries from ...

DUBAI / WAM Emirates Islamic, a leading Islamic financial institution in the UAE, has reported a record net profit of AED601 million for the first three months of 2023, reflecting a remarkable increase of 76% year-on-year. The bank’s total income surged by 74%, driven by higher core revenues due to improved financing and deposit mix with higher profit rates, coupled ...

ABU DHABI / WAM Under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, the Ministry of Tolerance and Coexistence is set to celebrate International Workers’ Day with all workers in the UAE. The event will take place at Manarat Al Saadiyat in Abu Dhabi on Sunday and will be attended by several ministers, senior ...

SHARJAH / WAM Expo Centre Sharjah and Microtec Educational Services have joined forces to bolster cooperation in the educational and professional exhibitions and conference sectors. The two entities signed a partnership agreement to organise events jointly at the International Education Show hosted by the centre in collaboration with the Sharjah Chamber of Commerce and Industry (SCCI), the Ministry of Education ...

BLOOMBERG The European Union (EU) reached a deal to spur the use of more climate-friendly jet fuels in a bid to gradually start bringing the aviation sector in line with its green goals. Negotiators from the European Parliament and member states agreed that the share of sustainable aviation fuels made available in the region’s airports should total 6% by 2030, ...

BLOOMBERG ANA Holdings Inc reported operating income of 120 billion yen ($897 million) for the  full year through March, its first annual profit since the 12 months ended on March 2020 thanks to a rebound in travel demand. Japan’s biggest airline also gave a better-than-expected forecast for the coming year, saying operating profit should rise to 140 billion yen, compared ...

BLOOMBERG Puma SE reported rising sales on demand for sneakers in Europe and its first growth in China in two years, while cautioning that profit margins will remain under pressure from higher costs. Revenue climbed 14% to €2.19 billion ($2.41 billion) in the first quarter, the company said, slightly ahead of the average analyst estimate. Still, the gross margin narrowed ...

BLOOMBERG Stocks in Europe rose after reversing losses, while US equity futures jump as traders saw positive signs in corporate earnings reports. The Stoxx 600 Index turned higher, paced by gains in drugmakers and banks following upbeat results from Sanofi, AstraZeneca Plc and Barclays Plc. Deutsche Bank AG dropped after the trading revenue disappointed. Contracts for the S&P 500 advanced ...

DUBAI / GULF TIME Dubai witnessed the spectacular launch of Fashionz by Danube and FashionTV, the city’s first branded residences project. Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, unveiled the project brochure, alongside dignitaries, media, and influencers from all over the world. The event was a resounding success, showcasing the project’s luxurious amenities, aspirational design, and ...