DUBAI / WAM The United Arab Emirates has ranked 15th globally in Kearney’s 2021 Foreign Direct Investment (FDI) Confidence Index, up from 19th place in 2020. The UAE business environment demonstrated continued strengths in factors most important to investors, including government incentives for investors. The country’s strong enabling environment, featuring advanced technological infrastructure and high innovation levels, is also central ...

Dubai / WAM Dubai Customs on Sunday reveal that the government department has completed 752 declarations for Expo 2020 since 2014. Goods cleared for the exhibition between 2014 and 2021 valued AED637.3 million (AED632.3 million of imports through 628 declarations, and AED5 million for exports through 124 declarations). Expo goods weighed 11.8k tonnes (11.6k tonnes for imports and 186.7 tonnes ...

Dubai / WAM Dubai Land Department (DLD), through the Real Estate Regulatory Agency (RERA), announced it won the silver category at the 2021 edition of Stevie Awards in recognition of its electronic Mollak system. The system outperformed its competition in technical innovation in customer service due to its unique technical advantages in this field. The system allows jointly owned property ...

Abu Dhabi / WAM The UAE is headed towards an exciting new phase of sustainable economic growth – one that is driven by an enhanced, technologically advanced and resilient industrial base. This is precisely the vision behind the recently launched comprehensive 10-year Industrial Strategy – known as Operation 300bn that aims to transform the industry into a vital enabler and ...

The cold war is back — or at least its rhetoric. US President Joe Biden wants to forge an “alliance of democracies” against the world’s “autocracies.” The New York Times isn’t alone in thinking that “the world is increasingly dividing into distinct if not purely ideological camps, with both China and the United States hoping to lure supporters.” This would ...

I expect Nike to have little trouble winning its lawsuit against MSCHF, maker of the Satan Shoe, a modified Nike Air Max 97. The footwear was developed in collaboration with the, um, entertainer Lil Nas X, who in his most recent video, as the New York Times deadpans, “gyrates on Satan’s lap.” The entire run of exactly 666 pairs (of ...

When Covid-19 first arrived last year, everyone’s go-to historical parallel was the 1918 influenza pandemic. Precisely because it was so fleeting, it’s hard to find evidence that it caused a sweeping reorientation of everyday life. In its wake, most people simply forgot what happened. Other global pathogens stayed longer and had much bigger impacts on society. Consider what followed the ...

If the February US jobs report signalled that America is truly rounding the final corner on the Covid-19 pandemic, then after a month of ramped up vaccinations and warmer weather, the latest data suggest that the world’s largest economy is now in an all-out sprint to herd immunity and a full reopening. US employers added 916,000 jobs in March, easily ...

Bloomberg Air Canada dropped its takeover of vacation operator Transat AT Inc because it couldn’t convince European regulators to approve the deal on acceptable terms. Canada’s largest airline said it offered a “significant package of remedies” to satisfy the European Commission’s concerns that the merger would reduce competition on flights between EU countries and Canada. “It has become evident, however, ...

Bloomberg Amazon.com Inc has explored opening discount retail stores selling a mix of home goods and electronics, a potentially significant expansion of the company’s growing portfolio of brick-and-mortar locations. The outlets would carry unsold inventory sitting in Amazon’s warehouses at steep discounts, according to two people familiar with the plans. The company has considered opening permanent stores, as well as ...