ADJA conducts 3 training courses of continuous programme in H1

ABU DHABI / WAM The Abu Dhabi Judicial Academy (ADJA) has conducted three training courses of a continuous programme for members of the Public Prosecution during the first half of 2023. The three courses consisted of 81 training hours within the framework of the strategic training plan to raise technical, administrative, specialised and leadership skills, capabilities and competencies, as well ...

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ACTVET organises 23rd session of ‘Yes to Work’ programme

  ABU DHABI / WAM The Abu Dhabi Centre for Technical and Vocational Education and Training (ACTVET) organised the 23rd session of its national programme, titled “Yes to Work”, which took place from July 31 August 11. The programme was conducted in Abu Dhabi, Al Ain, Dubai, Sharjah, Ajman, and for the first time in Fujairah, with the participation of ...

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du achieves network milestone, in 5G technology advancement

DUBAI / WAM du, from Emirates Integrated Telecommunication Company (EITC), reached a new milestone in the advancement of its 5G technology. With more than half of its mobile network traffic now driven by 5G usage, du is setting the pace in unlocking the vast potential of this cutting-edge connectivity, while providing premium and unique experience to its customers. This rise ...

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Walmart leads retailers shining spotlight on key market signal

BLOOMBERG From Walmart Inc to Home Depot Inc, the biggest US retailers are about to grab the earnings spotlight, providing stock investors with crucial insight into consumer spending — the engine that powers two-thirds of the US economy.  Last quarter, a bevy of retailers like Target Corp and Macy’s Inc held a cautious view. But in recent months, the economy ...

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Coach beat Michael Kors in handbag wars. Now it has to fix it

BLOOMBERG Tapestry Inc, with Coach, and Capri Holdings Ltd, with Michael Kors, have been battling for nearly a decade to dominate the US handbag market. Tapestry sealed its victory — and now the shopworn Michael Kors brand becomes its problem to solve. Tapestry’s $8.5 billion acquisition of Capri caps a yearslong strategy at Coach: Keep exposure to department stores low, ...

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Ruble sinks to 100 per dollar as international  sanctions choke Russia

BLOOMBERG The ruble weakened beyond the psychologically important level of 100 to the dollar for the first time since March last year, as Russia’s war in Ukraine drags on and international sanctions throttle the economy. The currency fell 1.5% to 100.975 in its fifth day of losses even after Russia’s central bank sought to arrest the slump by halting its ...

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Stocks, bonds advance as China takes action on property slump

BLOOMBERG Stocks and bonds rose as China moved to address a worsening property slump, shoring up confidence in global markets.  US and European equity futures advanced, while bond yields ticked lower. The moves came after China’s banking regulator announced it would set up a task force to examine risks at Zhongzhi Enterprise Group Co. The company, one of the nation’s ...

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UAE refutes allegation on supplying arms, ammunition to parties in Sudan

ABU DHABI / WAM Concerning reporting by a media outlet on the UAE allegedly supplying arms and ammunition to warring parties in Sudan, Afra Al Hameli, Director of Strategic Communications at the Ministry of Foreign Affairs, has expressed the UAE’s categorical refutation of the claims and allegations in the story. The UAE has not supplied arms and ammunition to any ...

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Ducab forms council to support UAE’s agenda to empower youth

DUBAI / WAM Ducab Group, one of the biggest end-to-end energy solutions providers and manufacturing firms in the UAE, has announced plans to form its own Youth Council to foster a thriving and inclusive community and actively engage young employees in the company’s decision-making processes. The newly established Ducab Youth Council will catalyse positive change and progress within the company, ...

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