Mongolia's coal exports surge to 53.7m tons in 8m    ADB offers support to Bangladesh's interim govt.    Sri Lanka to introduce new e-passports in October    Majid Al Futtaim, Valu partner to offer flexible mall gift cards    Asian bonds attract foreign inflows for 4th straight month    Turkey's agriculture-PPI up 32.1% YoY in August    Egyptian potato 'secret ingredient' in Macfrut 2025: Expolink    Thai handout recipient number 40 million citizens    Proptech transforms Egypt's real estate: 1st startup incubator, smart city advancements, and tech integration    South Sudan postpones elections, extends transition period by 2 years    Israeli army recruits African asylum seekers to offset Gaza troop losses: Hamas    Most Zagazig train accident victims recovered, 8 still under observation: Health Ministry    Restoration project at Edfu Temple reveals original coloured inscriptions for first time    Egyptian Foreign Minister travels to Russia for official visit    Egypt joins Africa's FEDA    Egypt urges balance between human needs, environmental sustainability    Madbouly inaugurates Badya University in New October    Egypt's Culture Minister seeks input from Writers Union on national strategy    Egypt awards ZeroCarbon solid waste management contract in Gharbia    Egypt, UN partner on $14-m coral reef protection project    Culture Minister opens 31st Cairo International Experimental Theatre Festival    ADB approves $93.6m for Cambodia's rural utilities    Egypt condemns Ethiopia's unilateral approach to GERD filling in letter to UNSC    Egyptian pentathletes dominate world championships in Lithuania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Egyptian Olympic athletes champion local sportswear    Egypt's FM, Kenya's PM discuss strengthening bilateral ties, shared interests    Paris Olympics opening draws record viewers    Former Egyptian Intelligence Chief El-Tohamy Dies at 77    FABMISR supports young female athletes through "Women in Sports" platform    Who leads the economic portfolios in Egypt's new Cabinet?    Egypt's President assigns Madbouly to form new government    Financial literacy becomes extremely important – EGX official    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



UK construction sector maintains growth in August '24
Published in Amwal Al Ghad on 05 - 09 - 2024

div class="content user-select-text" tabindex="0" aria-description="" aria-label="Sent by Copilot: **EU Allocates €1.3 Million to WHO Europe for Nurse Retention** The European Union has signed a €1.3 million agreement with the WHO Regional Office for Europe (WHO Europe) to help retain nurses and make the profession more attractive. Funded by the EU4Health programme, this 36-month initiative will focus on countries with significant nurse shortages. Stella Kyriakides, Commissioner for Health and Food Safety, highlighted the importance of nurses, stating, "Nurses are the backbone of our health systems and are critical in ensuring that patients receive high-quality, professional care when they need it." The funding will support recruitment action plans, mentoring programmes, workforce impact assessments, and training opportunities. These efforts aim to address structural shortages, improve nurse wellbeing, and leverage digital transformation in healthcare. The initiative will be tailored to national and sub-national needs through cooperation with Member States, nurses' organisations, and social partners. --- Would you like more details on any specific aspect of this initiative?"
div class="content user-select-text" tabindex="0" aria-description="" aria-label="Sent by Copilot: **Turkey Seeks BRICS Membership to Expand Global Influence** Turkey has formally applied to join the BRICS group of emerging-market nations, aiming to enhance its global influence and establish new ties beyond its traditional Western allies. President Recep Tayyip Erdogan's administration views the geopolitical center of gravity as shifting away from developed economies. This diplomatic push reflects Turkey's aspirations to cultivate relationships in a multipolar world while maintaining its commitments as a key NATO member. Frustrated by the lack of progress in its bid to join the European Union, Turkey submitted its BRICS application months ago. The move also stems from rifts with NATO members after Turkey maintained close ties with Russia following its 2022 invasion of Ukraine. Erdogan emphasized the importance of balancing relations with both the East and the West, stating, "Turkey can become a strong, prosperous, prestigious, and effective country if it improves its relations with the East and the West simultaneously." The BRICS group, which includes Brazil, Russia, India, China, and South Africa, recently expanded to include Iran, the UAE, Ethiopia, and Egypt. Further enlargement, potentially including Turkey, may be discussed at a summit in Kazan, Russia, from October 22-24. BRICS positions itself as an alternative to Western-dominated institutions like the World Bank and IMF, offering new members access to financing and broader political and trading relationships. Turkey believes BRICS membership could enhance economic cooperation with Russia and China and position it as a trade conduit between the EU and Asia. Despite this, Turkey continues efforts to rejuvenate EU membership talks, which remain a strategic target. Foreign Minister Hakan Fidan highlighted the importance of BRICS in diversifying global economic approaches and identities. --- Would you like more details on any specific aspect of Turkey's BRICS application or its broader diplomatic efforts?"
The UK construction sector continued its recovery in August 2024, with the S&P Global UK Construction PMI registering at 53.6.
While this is a decrease from July's 26-month high of 55.3, it still indicates solid growth in overall construction activity.
Robust new order growth and improved economic conditions supported the sector's expansion. Commercial activity led the way with an index of 53.7, though growth slowed to its lowest pace since March.
Residential construction saw a notable acceleration, reaching its fastest growth since September 2022, driven by lower borrowing costs and improving market conditions. Civil engineering activity expanded more slowly, reflecting weaker performance compared to July.
Employment numbers stagnated as firms delayed filling vacancies due to cost concerns, while subcontractor usage decreased for the first time since January.
Purchasing price inflation eased, with input buying expanding solidly amid rising workloads. Suppliers' delivery times improved on average, despite some reports of constrained haulage capacity.
Tim Moore, Economics Director at S&P Global Market Intelligence, highlighted the sector's resilience and the positive outlook for future activity.
However, he noted concerns about slower growth in civil engineering and infrastructure spending. Despite these challenges, business optimism remains strong, with 50% of firms expecting increased output over the next year.
Attribution: S&P Global
Subediting: M. S. Salama


Clic here to read the story from its source.