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Peso set to ride remittance wave on Philippine holiday spending

BLOOMBERG The Philippine peso has outperformed its Asian peers this year and a seasonal pick-up in overseas remittances ahead of Christmas will likely extend the gains. Remittances are a key pillar of the nation’s economy, which typically receives the highest cash transfers in the last month of the year as workers send money home for holiday spending. The inflows have ...

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Dubai thrives as a biodiversity hotspot despite the desert environment

DUBAI/WAM Dubai’s development vision is defined as much by its quest for futuristic technologies as it is by its focus on preserving its rich heritage and natural ecosystems. The importance accorded to wildlife habitats and endangered species is a prime example of Dubai’s commitment to environmental responsibility and sustainable practices. Protected areas for wildlife conservation in Dubai have flourished amid ...

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National Library and Archives launches Encyclopedia of UAE History

ABU DHABI/ WAM Amidst the UAE’s celebrations of the 52nd Union Day, the National Library and Archives launched the first Encyclopedia of UAE History, within the framework of its great national mission and role of collecting and preserving the memory of the nation. The Encyclopedia of UAE History project was launched in a grand ceremony attended by prominent cultural and ...

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