Dubai / WAM Expo 2020 Dubai will open up a whole new, immersive world for families – a magical place that merges the fantasy of a vivid imagination with the reality of a world that needs everyone’s help, where children will encounter breakthrough new discoveries, explore the world’s ecosystems and learn important lessons about our planet and humanity. Magical mascot ...
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Emirates to begin A380 service to Istanbul
Dubai / WAM Emirates announced on Tuesday that it will introduce the first scheduled commercial Airbus A380 service to Istanbul, Turkey from October 1. For the first time, travellers to and from Turkey will have the opportunity to regularly enjoy the experience of flying on this iconic double-decker jumbo jet. Emirates will operate the A380 on its daily EK123/124 service. ...
Read More »Mashreq, Dafza join forces to enhance growth of SMEs
Dubai / WAM Mashreq Bank has signed a Memorandum of Understanding (MoU) with Dubai Airport Freezone Authority (Dafza) to support and grow the ecosystem of services available to small and mid-size enterprises (SMEs) setting up in the zone. The MoU will ensure Dafza businesses have access to a wide variety of initiatives including API integration, as well as banking services ...
Read More »â€˜100 Million Meals’ drive: UAE distributes 4.5m meals in Mauritania
Dubai / WAM Around 92,000 underprivileged families and individuals in Mauritania received 4.5 million meals as part of the ongoing ‘100 Million Meals’ food distribution campaign, the largest food distribution drive in the region, aims to provide food support across 30 countries in Africa, Asia, Europe, and South America. Beneficiaries, identified by database of local authorities, received parcels of easy-to-store ...
Read More »SPC Free Zone attracts more than 1,000 businesses
Sharjah / WAM Sharjah Publishing City Free Zone’s (SPC Free Zone) mission of creating a nurturing and supportive environment for businesses has seen it attract more than 1,000 companies since the first half of the year 2021. These include the publishing, printing and translation sectors, commercial, administrative and legal consultants and companies operating in creative sectors. This has been accomplished ...
Read More »Amazon, Walmart winning the labour market wars
Most of the talk this year about the labour market recovery has focussed on the hardest-hit industry, leisure and hospitality, and the struggles that restaurant and hotel owners have had trying to staff up. Under the radar, it’s a different industry — manufacturing — that’s having even more difficulty finding the workers it needs. And that’s what last week’s job ...
Read More »UK’s bizarre $1.7b vaccine rug-pull
Back in February, biotech firm Valneva SE’s proposed Covid-19 vaccine was touted by Boris Johnson’s government as a key plank of its ambitious, whatever-it-takes race to immunise the Brits. The UK had poured millions of pounds into Valneva’s Scottish factory, secured an extra 40 million vaccine doses on top of the 60 million it had already agreed to buy, and ...
Read More »America’s transition to renewable energy!
There’s not a more important economic imperative for the US than the transition to renewable energy. Ominously, anti-development forces — commonly known as NIMBYs — threaten to make this transition much harder. And much of that NIMBY energy is coming from the political left. Consider the recent blockage of a solar power plant near Las Vegas. The Battle Born Solar ...
Read More »â€˜The lady isn’t tapering.’ But ask again in Dec
The European Central Bank (ECB) has made a very small down payment on a prolonged economic recovery, one durable enough to withstand Covid-19’s troubling variants and any other pandemic developments. But the big decision-making comes in December, when the central bank undertakes a comprehensive review of its bond-buying program, with a few more months of delta under its belt and ...
Read More »China hires its own advisers on Evergrande amid rehaul
Bloomberg China’s government is assembling a group of accounting and legal experts to examine the finances of China Evergrande Group, a potential precursor to a restructuring of the world’s most indebted developer. Regulators in Evergrande’s home province of Guangdong dispatched a team last month from King & Wood Mallesons, a law firm whose specialties include restructuring, two people familiar with ...
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