Dubai / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications, affirmed that the UAE government adopts advanced technology as a key pillar in its development journey, reflecting UAE leadership’s directives in leveraging new technology in building capabilities, enhancing services and shaping a brighter future. This came during the signing of ...
Read More »Blog Layout
Global trade to grow steadily in 2022: DMCC
DUBAI / WAM Global trade, which hit a record high of $28.5 trillion in 2021, is expected to grow steadily in 2022 and the coming years as a new era of multilateralism — underpinned by regionalisation, trade in services, innovation and sustainable trade — counters the impact of the slowing global economy, according to Dubai Multi Commodities Centre’s (DMCC) ...
Read More »Tecom group begins trading on Dubai Financial Market
Dubai / WAM Tecom group announced that it has been successfully listed on the Dubai Financial Market (DFM) on Tuesday, beginning its first day of trading under the ticker symbol “TECOM”. Tecom group has successfully raised approximately AED1.7 billion through an initial public offering (IPO). The final offer price of the global offering was AED2.67 per ordinary share, and the ...
Read More »ADU partners with UK’s university in teaching, research
Abu Dhabi / WAM Abu Dhabi University (ADU) announced a new partnership with the University of Reading, one of the United Kingdom’s (UK) top 30 universities and a world leader in research and teaching in agriculture, food science and climate change. The university’s work on climate change has been recently honoured with a Queen’s Anniversary Prize, the highest national ...
Read More »Emirates SkyCargo takes delivery of new freighter
Dubai / WAM Emirates SkyCargo, a leader in the global airfreight industry, took delivery of its latest Boeing 777-F to boost its fleet capacity and cater to the phenomenal growth in the industry. Emirates’ freight division has seen significant increase in cargo loads across its products, including pharma and fresh produce. In 2021-22, annual tonnage carried crossed 2.1 million, ...
Read More »18th Liwa Date Festival kicks off on July 16
Abu Dhabi / WAM Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, the 18th Liwa Date festival will be held from July 16-24 in Liwa, Al Dhafra Region. During a press conference held virtually on Tuesday, the Cultural Programmes and Heritage Festivals Committee-Abu Dhabi announced the details ...
Read More »Jewels of Emirates Show records more than 5,000 visitors
Sharjah / WAM The 3rd edition of the Jewels of Emirates Show, organised by Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry (SCCI), has concluded on a high note after four days of fantastic show, attracting over 5,000 visitors from across the UAE. The event has brought together some 20 designers and around ...
Read More »Indonesia’s diplomacy can be more than empty miles
Indonesian President Joko Widodo visited Kyiv and Moscow, offering to be a diplomatic bridge between the two. The first Asian leader to make the trip to both capitals since Russia’s invasion of Ukraine, he made a few headlines, but no real progress. Critics saw the journey as image politics. And yet, Widodo’s not wrong to see a role for states ...
Read More »Consumer debt isn’t stressing banks
Everyone is stressing about consumer debt. Investors have been dropping the shares of big banks, credit-card specialists and younger fintechs because of fears about the pain that rising living costs and interest rates will inflict on borrowers. The weird thing is that households in the US, UK and much of Europe are in pretty good shape and showing few signs ...
Read More »Private equity’s woes go beyond deal freeze
The most visible sign of trouble in the private equity industry right now is the collapse of one deal after another. You can’t do a leveraged buyout without the debt, and financing markets are seizing up. But buyout firms face bigger challenges than putting their stash of idle funds to work. The turn in credit markets has made banks ...
Read More »