Recent Posts

Enoc bans single-use plastics across its operations

  Dubai / WAM Enoc Group, announced on Monday that it has banned single-use plastics across its operations as well as in its head office, to align with the UAE’s vision of promoting an inclusive green economy. In March 2020, the Group announced that it will begin a phase-out of single-use plastics and today it has achieved a 100 percent ...

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Remarkable progress in Dewa’s 30 MIG reservoir in Hatta

  Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has visited the water reservoir project Dewa is building in Hatta to review its progress. According to the project schedule, there is significant progress in the project’s work at 36.259% compared to the 32.6% target. The project has a capacity of 30 ...

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Now, ECB ain’t a bank that does inflation-targeting

Central banks have scarcely covered themselves in glory these past few years. Most have one goal and one goal only: to keep inflation low. In most countries, they have spectacularly failed at this job. In much of the developed world, inflation has reached many multi-year highs. I can’t think of a central bank whose record has been as lamentable as ...

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