German employment hits record

Cooling units are seen in a Vattenfall cooling plant in Berlin, Germany, in this August 15, 2017 photo. (Reuters)
Updated 18 August 2017
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German employment hits record

BERLIN: German employment has hit the highest since reunification in 1990 while the number of home building permits fell in the first half of the year, data showed on Thursday, sending mixed signals about the state of Europe’s biggest economy.
In a positive sign for household spending and tax revenues with Germany’s growing population, employment reached a record 44.2 million people in the second quarter, data from the Statistics Office showed.
“That’s the highest level ever recorded in a quarter since German reunification,” a spokesman for the office said, adding that the services sector was expanding the fastest.
Employment between April and June rose by 475,000 on the quarter and by 664,000 on the year, the data showed.
Among the companies creating more jobs were information and communication firms, education and health providers, restaurants as well as construction firms.
Separately, data from the Federal Statistics Office showed that German authorities issued some 13,400 fewer residential building permits in the first half of the year compared with the first six months of 2016.
Home building has become a key driver of economic expansion in Germany as increased job security and record-low borrowing costs are boosting demand for real estate.
Higher state spending on roads, bridges and social housing, partly to accommodate a record influx of refugees over the past two years, is giving construction additional support.
— Reuters


Mo-Salah to raise DHL flag in the MENA region for developmental and charitable causes

Updated 24 min 58 sec ago
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Mo-Salah to raise DHL flag in the MENA region for developmental and charitable causes

LONDON: DHL Express, the world’s leading express logistics provider, has signed a strategic partnership with Egyptian football superstar Mohamed Salah to become brand ambassador for the Middle East and North Africa (MENA) region for the next two years.
The new collaboration will see the parties working together on a series of marketing activities and corporate social responsibility (CSR) initiatives that reinforce the synergies between the core values of DHL Express as a business and Mohamed Salah as a sportsman and youth-inspirer.
The announcement made late on Wednesday in northern England comes just weeks ahead of Salah’s campaign to lead the Egyptian national team at the World Cup in Russia.
DHL’s CEO in the Middle East and North Africa, Nour Suliman, told Arab News that he was very proud of collaborating with Salah.
“Our partnership with Mo Salah is unique as it is the first contract with an individual player, but also it is a testament to the synergy of core values DHL Express and Mo Salah share — leadership, commitment, teamwork, precision, agility, determination,” he said.
When asked by Arab News about the meaning of this partnership, Salah said: “I am very proud to be the first player to partner with DHL, and I am happy to collaborate with an international brand.”
DHL did not disclose the funds earmarked for its CSR initiatives to be spent in the MENA region, and its region’s CEO said the initialtives to be developed are still a work in progress.
However, DHL said it has already significantly contributed to the development of the countries they operate in within the MENA region.
The company’s work includes supporting charities, working to help orphans, youth development, care and education among other causes.