Strong results boost European shares ahead of Fed meeting

European shares scaled near seven-week highs on Wednesday following strong results from Britain’s Reckitt Benckiser and Russia-exposed lender UniCredit, while investors awaited a U.S. Federal reserve policy decision later in the day, Reuters reported. The STOXX 600 index rose 0.4%, with sentiment also getting a lift after upbeat results from U.S. mega-caps Microsoft Corp and … Read more

Mohamed Bin Zayed University for Humanities, National Library and Archives sign MoU for cultural cooperation

The Mohamed Bin Zayed University for Humanities and the National Library and Archives signed a Memorandum of Understanding (MoU) to enhance cultural cooperation and facilitate the exchange of expertise and experiences between the two parties. The terms of the agreement defined the framework and mechanisms for cooperation and the role of each party in implementing … Read more

Over 10 million people visited U.AE in H1 2022

The Telecommunications & Digital Government Regulatory Authority (TDRA) announced that more than 10 million people visited the Official Portal of the UAE Government (U.AE) during the first half of 2022, an increase of 26% against the same period of last year. Visits to U.AE amounted to approximately 16 million, through which more than 24 million … Read more

China’s industrial profits maintain expansion in H1

Profits of China’s major industrial firms sustained growth momentum in the first half of the year as production continued to recover. Industrial firms each with annual main business revenue of at least 20 million yuan (about 2.95 million U.S. dollars) saw their combined profits exceed 4.27 trillion yuan in the period, the National Bureau of … Read more

Ministry of Human Resources and Emiratisation amends provisions of Wages Protection System

Dr. Abdulrahman Abdulmannan Al Awar, Minister of Human Resources and Emiratisation, has issued Ministerial Resolution No. 346 of 2022 regarding the amendment of certain provisions of Ministerial Resolution No. 43 of 2022 on the Wages Protection System (WPS). Under the new resolution, the Ministry of Human Resources and Emiratisation (MoHRE) will implement a series of … Read more

Sustainable investing essential to value creation, but barriers remain, finds Mubadala-sponsored study

Sustainable investing is a high priority today and will continue to be in 2030 across the private and public sectors, but it faces various barriers, according to a study conducted by Bloomberg Media. The report, launched today and sponsored by Mubadala Investment Company, found 79 percent of respondents globally place sustainable investing as a high … Read more

Ajman Statistics and Competitiveness Centre to launch ‘Comprehensive Economic Survey Project 2022’

The Ajman Statistics and Competitiveness Centre announced the launch of its “Comprehensive Economic Survey Project 2022,” which will cover the areas of industry, commerce and services. Hessa bint Zayed, Director of the Project, said the annual survey of economic establishments is one of the key statistical projects carried out by the centre, noting that it … Read more

National Experts Programme offers Emiratis unique opportunity to contribute to UAE’s strategic development

Emirati professionals from across the country have been invited to apply for the third edition of the National Experts Programme (NEP 3.0). NEP equips participants with the knowledge and expertise to have a transformative impact on key social and economic sectors aligned with the UAE’s centennial strategy. This edition will focus on unlocking the potential … Read more