News

Bloomberg Justin Trudeau’s government is set to launch a diversity challenge as part of an effort to increase the share of women and minority groups in corporate leadership positions. The goal of the program — called the 50/30 challenge — is to encourage companies to reach gender parity on their boards and in senior management positions, and 30% representation of ...

Bloomberg Twitter Inc. is changing its Hacked Materials Policy, walking back a set of rules at the heart of its enforcement action against a controversial article that included potentially damaging allegations against US presidential candidate Joe Biden. In a series of tweets, policy chief Vijaya Gadde said the firm will no longer remove hacked content “unless it is directly shared ...

Bloomberg The UK should learn from other European nations where more people have returned to their offices during the pandemic, a senior figure in the City of London financial district said. Catherine McGuinness, policy chair for the City‘s Corporation, urged the government to scrutinise the evidence so more workers can get back. She pointed to Paris, where she said there ...

Dubai / WAM Abdullah bin Touq Al Marri, Minister of Economy, has held a virtual meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) with the aim of discussing an integrated partnership between the UAE and IMF to develop and analyse economic policies. Moreover, the partnership focuses on drawing comparisons between macroeconomic models; formulating scenarios and forecasting ...

Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc), on Wednesday shared insights on energy market dynamics, the energy transition, and Adnoc’s future strategy during a virtual session of the Energy Intelligence Forum. Speaking with Alex Schindelar, President of Energy Intelligence, during ...

Abu Dhabi / WAM payit digital wallet, powered by First Abu Dhabi Bank (FAB) launched “Digital Marketplace”, which allows small and medium businesses to list and sell their products and services on the platform conveniently and make them accessible to a growing base of payit customers. The new platform will include a range of products and services, such as groceries, ...

Dubai / WAM Countries in the GCC are witnessing accelerated cloud adoption, aided by ongoing investment by cloud providers and the continued need for remote working arrangements, the International Data Corporation (IDC) revealed during a Dubai Outsource City event. The GCC public cloud market is expected to more than double in value by 2024, growing from $956 million this year ...

Abu Dhabi / WAM The latest data issued by the Organisation of the Petroleum Exporting Countries (Opec), has shown that the UAE was one of the most committed producing countries to the deal to cut oil output, aimed at rebalancing the world oil market. According to reports issued by Opec, the UAE’s average production during the third quarter of 2020 ...

Bloomberg Oil rises amid a weaker dollar and signs of improving demand in China and India. Crude futures gained as much as 2.3% in New York as the Bloomberg Dollar Spot Index weakened as much as 0.3%, raising the appeal for commodities priced in the currency. Meanwhile, refinery activity in Asia is signaling a bright spot for demand recovery. One ...

Abu Dhabi / WAM The UAE Space Agency (UAESA) was amongst the first signatories of Nasa’s Artemis Accords at the 71st International Astronautical Congress (IAC). In May 2020, Nasa, the American Space Agency, formally announced the Artemis Accords, based on a shared vision for principles, grounded in the United Nations’ Outer Space Treaty of 1967, to create a safe and ...