Dubai / WAM Giving a major boost to trade relations and continued business growth in the region, Etihad Credit Insurance, the UAE Federal export credit company, signed a memorandum of understanding (MoU) with Tradeling, the hyper-growing eMarketplace focused on business-to-business (B2B) transactions in the Middle East and North Africa region. Under the agreement, signed by Massimo Falcioni, CEO of ECI, ...

NEW YORK / WAM The UAE has stressed the importance of concerted international efforts to combat human trafficking during the United Nations General Assembly high-level meeting on the appraisal of the Global Action Plan to Combat Trafficking in Persons. The UAE praised the plan as “an important tool for unifying global efforts” and emphasised its commitment to action on the ...

Abu Dhabi / WAM New York University Abu Dhabi (NYUAD) welcomed its 12th class of 530 students this fall, coming from 87 countries and six continents, and speaking more than 75 languages. With the Class of 2025, the undergraduate student population now stands at more than 1,800 from over 120 countries and all seven Emirates in the UAE. Students at ...

Investors must be wondering what promise New Delhi will break next as the ruling party tries to win upcoming state elections. First, the government made a U-turn on the three laws that Prime Minister Narendra Modi wanted to use to shake up the stagnant farm economy. Next, he may delay implementing the four codes that have been billed as the ...

There’s a grim inevitability to the fact that the latest concerning strain of the Covid-19 virus — known as B.1.1.529, and now nicknamed the Omicron variant 1 — should have been first identified in South Africa. So far, Sars-CoV-2’s most devastating impacts have been in developed countries. The US, UK and European Union have accounted for about a third of ...

In the 2000s, the growing ubiquity of bank branches was one of America’s great retailing puzzles. Online banking was on the rise and the industry was consolidating, but branches kept popping up seemingly everywhere — if you define “everywhere” as the reasonably affluent parts of cities and suburbs. That ended with the financial crisis. The number of bank branches in ...

Emmanuel Macron and Mario Draghi signed a treaty at the Quirinale palace in Rome to get France and Italy working together better. That’s good news for Europe. It’s also tinder for populists. How their countries — both founding members of the European Union — pull off cooperation will determine how much nearer the continent’s dream of “ever closer union” gets ...

Bloomberg Black Friday deals ranked among the least generous in years as more US consumers headed back to stores on one of the busiest shopping days of the year. Retailers appear to have the “lowest level of clearance goods in five years or more,” Oliver Chen, an analyst at Cowen & Co, said in a report. According to Salesforce.com Inc, ...

Bloomberg South Africa expects to conclude the sale of a majority stake in its state-owned airline to private investors early next year, Public Enterprises Minister Pravin Gordhan said. The sale of 51% of South African Airways (SAA) to the Takatso consortium is “certainly moving in the right direction,” Gordhan, who oversees state-owned companies, said in an interview with Bloomberg Television. ...

Bloomberg Ikea opened its biggest store in the world in the Philippines, with the new 730,000 square foot facility in Manila a cornerstone of the home-furnishings giant’s expansion plans in Asia. The opening was feted with an event held at the store’s cafeteria attended by Philippine trade secretary Ramon Lopez and foreign minister Teodoro Locsin, where Ikea’s cult-favourite Swedish meatballs ...