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UAE’s Al Hosn wins ‘App of the Year 2021’ award

  Abu Dhabi / WAM The US-based Global Excellence Award (GEA) has awarded Al Hosn app the “App Of The Year 2021” in the Covid-19 Response category. The achievement is the result of the collaboration between the Ministry of Health and Prevention (MoHAP), Alhosn National Health System, and the health sector at large. It also reflects the advanced level of ...

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Dubai Art Season returns with unique activities

  DUBAI / WAM Under the patronage of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture), the Authority on Tuesday announced that a unique mix of artistic and cultural events will be held under the umbrella of the Dubai Art Season (DAS) 2022 during February and March. This year’s ...

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DFM operator posts net profit of AED103.8 million in 2021

  Dubai / WAM Dubai Financial Market Company on Tuesday announced its consolidated results for the financial year ended December 31, 2021, posting a net profit of AED103.8 million compared to AED137.9 million in 2020. Total revenues reached AED294.6 million compared to AED337.2 million. The total revenue comprised AED213 million operating revenues and AED81.6 million investment revenues and others. The ...

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Deal signed to advance female representation on UAE boards

  Dubai / WAM General Women’s Union (GWU) and Aurora50, a UAE-based social enterprise dedicated to building the pipeline of female leaders needed for the future boards, have signed cooperation agreement to advance female representation on UAE boards. The signing ceremony was attended by Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Co-Founder of Aurora50, and Noura Al Suwaidi, Secretary-General ...

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Human Fraternity Festival begins at Expo 2020 Dubai

  Abu Dhabi / WAM The second edition of the Human Fraternity Festival will start on Wednesday at Expo 2020 Dubai, organised by the Ministry of Tolerance and Coexistence, in collaboration with the Higher Committee of Human Fraternity, with the participation of international and Arab entities, including representatives of Al-Azhar and the Vatican. The event will celebrate the UAE’s efforts ...

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EU countries make last-ditch bid to stop green label for gas

  Bloomberg Four countries asked the European Union to reverse a plan to make some natural gas projects eligible for its coveted green label in a last-minute plea, highlighting divisions about how to manage the energy transition. In a letter sent to the European Commission, the Netherlands, Austria, Sweden and Denmark argued there’s a lack of scientific evidence to include ...

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Indonesia lifts ban on its coal exports

  Bloomberg The Indonesian government has lifted a ban on coal exports, ending uncertainty that sent the price of the fuel to this year’s highest level. The ban was lifted on improving supply for local power plants, according to a statement published by Energy and Mineral Resources Ministry on its website on Tuesday. Coal exporters that have met the domestic ...

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Has Johnson just given Labour its big chance?

There is an old saying in British politics that oppositions don’t win elections, governments lose them. It’s lucky for Boris Johnson there’s no general election any time soon; Keir Starmer’s Labour Party would be an easy front-runner were a contest held today. The prime minister seems to be hanging on for now. But months of rolling revelations and what now ...

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Deutsche Bank’s recovery is impressive

When hiking in hills, like those around Frankfurt, you might crest a peak only to see another higher one beyond. This is where Deutsche Bank Chief Executive Officer Christian Sewing finds himself today. The German lender quadrupled profit to 2.4 billion euros ($2.7 billion) in 2021 versus 2020, recording its best result in a decade — a praiseworthy achievement given ...

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Why 2022 is the year to buy your first luxury electric car

Automakers have spent the past year announcing plans for electric vehicle models and production facilities. That makes 2022 a year when growing numbers of consumers will be weighing whether it’s time to buy their first EV. Is it worth taking the plunge? That probably depends on the price point and market segment you’re considering. My view is that the higher ...

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