Sharjah / WAM Key highlight of the UAE government’s inaugural Investopia global investment summit, which was organised at the world Government Summit (WGS 2022) taking place in the Dubai Exhibition Centre at Expo 2020 Dubai. A dialogue led by the Sharjah FDI Office (Invest in Sharjah) to inform the global business and investment communities about future opportunities in the ...
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Noor Dubai launches school eye screening program in Nigeria
DUBAI / WAM Noor Dubai Foundation, in collaboration with the Katsina state Ministry of Health, Nigeria the State Ministry of Education and State Universal Basic Education Board, launched a school eye screening programme in all elementary schools in Katsina, Daura and Funtua towns of Katsina state Nigeria, as part of its ongoing comprehensive eye care programme, which was launched ...
Read More »Expo 2020 Dubai celebrates BIE Day
DUBAI / WAM On the penultimate day of Expo 2020 Dubai, Organisers and Participants have joined to pay tribute to the Bureau International des Expositions (BIE) on the occasion of BIE Day. Taking place after the succession of National Days and Honour Days throughout the 182 days of Expo 2020 Dubai, BIE Day is an opportunity for the BIE and ...
Read More »ADJD hosts workshop on combating money laundering crimes
Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) organised a workshop entitled “Combating Money Laundering Crimes in the Commercial, Economic and Real Estate Sectors in the Light of UAE Legislation and Judicial Principles and International Experiences”, as part of the efforts to strengthen anti-money laundering measures in line with the UAE’s policy on combating financial crimes. In ...
Read More »Rakta starts trial phase of internal bus service
Ras Al Khaimah / WAM The Ras Al Khaimah Transport Authority (Rakta), launched an internal bus service, through a trial phase consisting of four main routes covering different geographical and vital locations in the emirate, with the aim of providing a safe and integrated transport network that contributes to achieving smooth mobility for all. The service launched in accordance ...
Read More »India gives diplomacy a chance under pressure
The diplomatic courting of New Delhi these past two weeks has been intense. India was one of only a handful of countries — and the only democracy — to abstain from a US-sponsored resolution in the United Nations Security Council condemning Russia’s invasion of Ukraine. Now, it is under intense pressure to shift its stance. Prime Minister Narendra Modi has ...
Read More »Europe should tax Russian gas
Europe’s governments are arguing over how to tighten their economic sanctions on Russia. The main gap in their punitive system is their continuing payments for Russian gas. Germany, especially, has been reluctant to impose a ban because its economy would struggle to cope with the consequences. Economics suggest a much better approach: Instead of making Russian gas illegal, Europe should ...
Read More »Is zero a destination for ECB’s interest rates?
Who would be a central banker in these febrile times, trying to navigate a path between soaring prices and a gloomy growth outlook? While policy makers everywhere face similar challenges, the ECB task is particularly tricky given its deeply negative interest rates. With the money market pricing in a rapid climb in borrowing costs that would threaten to tip ...
Read More »America’s oil reserve weapon risks misfiring
In oil markets, the US Strategic Petroleum Reserve has a reputation a little like the one the Russian armed forces used to have — vast and fearsome, a rival you’d be unwise to tangle with. Russia’s aura of military invincibility was dealt a near-fatal blow over the past month in the muddy fields of Ukraine. The Biden administration should ...
Read More »Ukraine’s richest man decries siege in Mariupol
Bloomberg A period of tension between Rinat Akhmetov and Volodymyr Zelenskiy appeared to reach a boiling point just weeks ago, after Ukraine’s leader slammed its billionaire oligarchs for fleeing ahead of an imminent Russian invasion. Now, in the midst of war, Ukraine’s richest person says he’s back in the country and that the two are on the same team, setting ...
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