News

ABU DHABI / WAM The Sheikh Zayed Book Award, one of the most prestigious literary prizes for the Arab world is now accepting submissions for its 2021 edition. Each winner of the Award’s nine categories will receive prize money of AED750,000 ($204,000) to recognise and further enable their creative and cultural achievements. Now in its 15th year, the Award, which ...

DUBAI / WAM Dubai International Financial Centre (DIFC) signed a Memorandum of Understanding (MoU) with EC3 Brokers to implement a Group Health Insurance Master Policy. The Group Health scheme will be available to over 2,400 active registered firms in DIFC who provide health insurance to their 25,600 professionals. It is the first scheme of this nature to be developed in ...

Abu Dhabi / WAM The Global Manufacturing and Industrialisation Summit (GMIS) a joint initiative by the UAE and the United Nations Industrial Development Organisation (Unido), announced the dates for its 2020 edition, #GMIS2020, commencing with a sequence of Digital Series on June 30, and leading up to the Virtual Summit that will be held on September 4-5. At the top ...

DUBAI / WAM Dubai Customs’ Training Centre and the United Nations Office on Drugs and Crime (UNODC) have launched an e-learning platform ‘GO LEARN’, that provides some 50 training courses in the customs field. The launch of the online platform took place on Microsoft Teams with the attendance of Mohammed Al Ghaffari, Acting Executive Director, Human Resources, Finance and Administration ...

Bloomberg Boris Johnson plans to re-set his government’s agenda with a major speech and a financial statement to prepare the UK for the new reality after the coronavirus pandemic. Amid forecasts of the worst recession in 300 years, Chancellor of the Exchequer Rishi Sunak is drawing up options to bolster the economy after the government withdraws its vast package of ...

Bloomberg Argentina’s most recent debt restructuring proposal would restore debt sustainability and there’s little room to further increase payments to private creditors, according to the International Monetary Fund (IMF). “There is only limited scope to increase payments to private creditors and still meet the debt and debt service thresholds,” the IMF said in a two-page statement published. “Argentine authorities’ revised ...

Bloomberg Companies in Germany used government support to compensate lost wages for a record 7.3 million employees in May, according to the Ifo Institute. A state scheme designed to prevent widespread dismissals initially saw applications for more than 10 million workers in March and April. As companies fought to survive the economic fallout from the pandemic, 72% of their staff ...

Bloomberg France will push on with tax-cut plans and broad economic overhauls to help the country rebound from a recession that will be deeper than previously anticipated, Finance Minister Bruno Le Maire said. The economy will shrink 11% this year, more than the 8% previously predicted. Le Maire said that means France must continue with emergency support and pro-business reforms, ...

Bloomberg Pandora A/S, which makes more pieces of jewellery than any other company in the world, will stop relying on newly mined gold and silver and instead use only recycled precious metals. The new policy, which takes effect in 2025, will help the Copenhagen-based company beef up its climate credentials and make it a more appealing target for investors eager ...

Bloomberg The number of Spaniards filing for jobless claims rose in May at a much slower pace than the previous two months, a sign that businesses are getting back to work as Spain gradually lifts its strict lockdown measures. Claims rose by 26,573, the Labour Ministry said on Tuesday. But some sectors saw an increase in hiring, including construction, and ...