Ras Al Khaimah / WAM Ras Al Khaimah has been named, for the second straight year, the Gulf Tourism Capital for 2021 at the fifth annual meeting of Tourism Ministers of the GCC. The virtual meeting discussed Gulf integration in the tourism sector, where Ras Al Khaimah was commended for its identity as a sustainable tourist destination, and awarded the ...

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and General Supervisor of the ‘Dubai: Capital of Islamic Economy Initiative’ said that the UAE has accumulated extensive expertise in the field of Islamic Economy and established a robust fintech infrastructure that places it in a strong position ...

DUBAI / WAM The Central Bank of the UAE, CBUAE, has announced the extension of the applicability period of the key components of its economic stimulus package, the Targeted Economic Support Scheme (TESS) until June 30, 2021. The TESS was launched by the CBUAE in March 2020 to support the UAE’s economy during the COVID-19 pandemic, through a range of ...

ABU DHABI / WAM ‘Reframing Museums’, the global virtual symposium on future models for the arts and culture sector, was opened on Monday. The symposium has received over 1,000 registrants and brings together over 60 speakers from five continents to address new responsibilities and challenges facing museums today, as well as showcase opportunities for the arts and culture sector. Mohamed ...

Abu Dhabi / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, launched the “Positive Customer” application, which aims to strengthen the community’s role in positive participation. The application also aims to evaluate and develop the services of the Ministry of Interior, which is one of its smart initiatives and projects, ...

ABU DHABI / WAM The Khalifa International Award for Date Palm and Agricultural Innovation has organised the second virtual discussion session with applicants of the Award’s 13th Session. Under the directives of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and President of the Khalifa International Award for Date Palm and Agricultural Innovation ‘s Board of Trustees, ...

DUBAI / WAM As the technology sector continues to propel society’s shift towards becoming a smarter environment, laying the foundations for industries to leverage digitalisation for their transition into the Fourth Industrial Revolution (4IR) a new skillset is needed for both students and the workforce. In light of this, the Mohammed bin Rashid Innovation Fund (MBRIF) an initiative launched by ...

After almost a decade of “negotiating with blood, sweat and tears,” as Malaysia’s trade minister put it, the Regional Comprehensive Economic Partnership was signed this weekend at the conclusion of an Association of Southeast Asian Nations summit. Fifteen countries — all of ASEAN, alongside Japan, South Korea, Australia, New Zealand and China — will be part of this giant trading ...

Going by sales and stock prices, is everyone buying and making cars in China again? Not quite. A quick review of the numbers: Passenger vehicle sales rose 9.5% in October from a year earlier, and have grown every month since May. Green cars, like hybrids and pure electrics, are standouts: Sales are up more than 50%. Stock prices for companies ...

China’s $4.1 trillion corporate bond market can be tricky to navigate. If 2018 was known as the year private businesses started to fumble, this one will go down for its wave of ugly defaults among state-owned enterprises (SOE). Some are so unseemly that even state banks are cutting their exposure. A default, on its own, is unpleasant but not unacceptable ...