News

Dubai / WAM A wearable device that warns when social distancing is not being respected and a Jordanian programme helping vulnerable communities grow online businesses during lockdown are among five new projects selected from a call for Covid-19-related proposals from Expo 2020 Dubai’s Global Best Practice Programme. The hand-picked initiatives join 45 existing best practice projects, whose simple, effective and ...

Dubai / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the signing of a sale and purchase agreement (SPA) with REIT Development to establish the largest precious metals refinery and storage facility across the GCC and the first to be completely enabled by blockchain in the GCC. As part ...

ABU DHABI / WAM Zakat Fund has signed a strategic Memorundum of Understanding (MoU) with the Ministry of Foreign Affairs and International Cooperation (MoFAIC), to improve services rendered to UAE nationals overseas. The agreement, signed by Abdullah bin Aqeedah Al Muhairi, Secretary-General of the Zakat Fund, and Khalid Abdullah Belhoul, Undersecretary of MoFAIC, embodies the directives of the UAE visionary ...

ABU DHABI / WAM Annual charity initiative ‘Ataya’ announced that its new online shopping destination will be launched on Thursday. Organised by Emirates Red Crescent, Ataya has become a pillar of the Abu Dhabi’s cultural calendar and a hallmark in the field of social and humanitarian work in the UAE and across the world, according to a press release issued ...

Bloomberg Toronto health authorities will order workplaces across Canada’s biggest city to close if they have more than five confirmed cases of Covid-19. The decision overrides less stringent provincial orders, and follows a similar move by Peel Region, a western suburb. It comes as the city struggles to contain a surge in variant cases that threatens to collapse the local ...

Bloomberg Canadian dealmaking is extending its boom, as a bidding war between two railway operators contributes to a tripling in mergers and acquisitions volumes. Companies from Canada have been involved in $184 billion of transactions this year, including agreed deals and more preliminary proposals, according to data compiled by Bloomberg. That’s up 198% on the same point in 2020 and ...

Bloomberg The US faces a national security “crisis” due to its lack of semiconductor production, Commerce Secretary Gina Raimondo told senators in a hearing on President Joe Biden’s infrastructure plan. “It is not an exaggeration to say at the moment that we have a crisis in our supply chain,” Raimondo said Tuesday, calling the production deficiencies “a national security risk ...

Bloomberg Italy is aiming to open the country to tourists in mid-May, pledging a range of measures to protect visitors from the coronavirus as it scrambles to rescue a sector devastated by lockdowns and restrictions on movement. As part of the race to get the industry back on its feet, the Rome-based government will introduce so-called vaccine passports earlier than ...

Bloomberg Brazilian policy makers should have been more cautious when cutting interest rates last year and now need to stress they will raise them as needed to bring inflation to target, according to former central bank President Ilan Goldfajn. Rather than committing to a “partial adjustment” of monetary stimulus, the bank needs to show it’s ready to do whatever is ...

Bloomberg Prime Minster Boris Johnson’s government will set a goal to cut UK carbon pollution by 78% by 2035, deepening an already ambitious target as he seeks to spur global momentum in the fight against climate change and boost relations with US President Joe Biden. The government will adopt the target — a cut relative to 1990 levels — in ...