Masonry Layout

Khalifa Port achieves new Guinness World Record

  Abu Dhabi / WAM Khalifa Port in Abu Dhabi has set a new Guinness World Record for the largest shipping container logo by assembling 676 containers in the shape of AD Ports group’s logo. The total length of the logo was 1,000.4 meters and width was 174 meters, nearly double the previous record set by Tanjong Pagar Terminal in ...

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Investors’ choices shape future of economy in region, world

  Sharjah / WAM Mohammed Juma’a Al Musharrakh , Chief Executive Officer of the Sharjah FDI Office (Invest in Sharjah), highlighted the rich investment options and promising opportunities available in the UAE, noting that investors’ choices help shape the future of the region and the entire world. In a statement to the Emirates News Agency (WAM) on the occasion of ...

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London house prices flatline in worst performance since 2019

  Bloomberg London house prices flatlined, recording their worst performance in more than three years, one of the UK’s biggest mortgage lenders said. The cost of an average home in the capital hit £530,396 ($637,720) in January, unchanged from a year earlier, according to Halifax. This was the slowest rate of growth since November 2019, when prices fell by 1% ...

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Vanguard eyes bigger slice of Australia’s $2.3 trillion pensions

  Bloomberg Vanguard Group Inc. is accelerating its push into Australia’s A$3.3 trillion ($2.3 trillion) pensions market just months after launching its debut fund in the fiercely competitive sector. The US behemoth plans to offer a retirement investment product in the country by mid-year at the earliest, Australian head Daniel Shrimski said in an interview. Vanguard unveiled its debut Australian ...

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A clear target emerges in tech layoffs: Middle managers

  Bloomberg As Meta Platforms Inc., Alphabet Inc. and other Silicon Valley behemoths look to lighten payrolls after years of feverish hiring, a clear target has emerged: the middle manager. Meta will be cutting some layers of management, Chief Executive Officer Mark Zuckerberg said on the company’s earnings call Wednesday, naming 2023 its “Year of Efficiency.” The company let go ...

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Macron in Scholz’s shadow as Ukraine pressures mount

Bloomberg Days before German Chancellor Olaf Scholz announced that Germany would ship 14 Leopard 2 tanks to Ukraine, French President Emmanuel Macron surprised allies by declaring that France would contribute 18 Caesar cannons and 40 AMX10 armored vehicles, and teased that he was still considering whether to send the embattled country a squadron of more powerful Leclerc tanks. The move ...

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UK prime minister Sunak plans to reshuffle cabinet after rocky start

Bloomberg UK Prime Minister Rishi Sunak plans to carry out a mini reshuffle of his cabinet in an effort to re-set his premiership after a rocky first 100 days in office, according to people familiar with the discussions. Sunak will appoint a new Conservative Party chair, after he sacked Nadhim Zahawi over a tax scandal more than a week ago, ...

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India opposition says Modi government afraid of Adani debate

  Bloomberg India’s opposition parties said parliament has been repeatedly adjourned as Prime Minister Narendra Modi’s government is “afraid” to discuss their demand for a probe into billionaire Gautam Adani’s fight with a US short seller. Parliament has been adjourned for three days and was briefly suspended on Tuesday as the opposition draws attention to what they describe as Adani ...

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UAE foreign trade rises 17% to AED2.23 trillion in 2022

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE cabinet meeting at Qasr Al Watan Abu Dhabi, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance; HH Lt. ...

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Burjeel enters Saudi, to open 60 clinics in JV with Leejam

  Abu Dhabi / WAM UAE-headquartered Burjeel Holdings on Monday announced the signing of a memorandum of understanding to create a joint venture (JV) with Leejam Sports Company, the owner and operator of 155 ‘Fitness Time’ branded fitness centres in Saudi Arabia and the UAE. The MoU, signed at the Ministry of Investment of Saudi Arabia headquarters in Riyadh, will ...

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