Abu Dhabi / WAM Abu Dhabi has been ranked the most livable city in the region for the second year in a row, according to the Global Liveability Index 2021, issued by The Economist Intelligence Unit (The EIU) – the research and analysis division of Economist Group. The UAE capital moved up seven places in the 2021 global quality of ...

Abu Dhabi / WAM The Ministry of Economy (MoE) has announced that the country’s Intellectual Property (IP) sector has achieved significant growth in the number of works during the past year 2020, as it witnessed a growth of 70% compared to that of 2019. This is the latest in a series of achievements accomplished by the UAE and consolidates its ...

Abu Dhabi / WAM The Dubai Islamic Bank (DIB) donated Zakat money worth AED6.5 million to support the programmes and projects of the Emirates Red Crescent (ERC). Both sides signed a cooperation agreement to coordinate the distribution of the donation to those eligible to receive Zakat. The bank’s administration welcomed the move and the signing of the agreement with the ...

Abu Dhabi / WAM The International Renewable Energy Agency (Irena) and the Ministry of Energy, Mines and Environment (MEME) of the Kingdom of Morocco on Monday agreed to strengthen joint collaboration to advance knowledge in renewable energy and to accelerate the energy transition. Specifically, Irena and Morocco will work closely to advance the national green hydrogen economy as the country ...

Abu Dhabi / WAM In 2020, nearly 923,724 counterfeit goods were seized by the UAE Customs sector, according to the report on Intellectual Property Rights (IPRs) for 2020 issued by the Federal Customs Authority (FCA). Additionally, IPR seizures by local Customs departments amounted to 41 the same year. Ali Saeed Matar Al Neyadi, Commissioner of Customs, and Chairman of the ...

ABU DHABI / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, announced the introduction of a new service to Trabzon in Turkey with direct flights from Abu Dhabi starting on July 13. The new service represents the 14th route for Air Arabia Abu Dhabi since the launch of the carrier’s service from Abu Dhabi International Airport last year. ...

On the level of optics, British Prime Minister Boris Johnson can count his first meeting with US President Joe Biden a success. There were impressive photo ops, an exchange of gifts and a new Atlantic Charter to update the one Churchill and Roosevelt signed 80 years ago. But if Biden’s goal at the Group of Seven meeting in England was ...

The most effective weapon in America’s tussle with strategic and economic competitors may be 100 US cents. Countries like Russia and China chafe at the dollar’s dominance, but there’s little they can do other than posture and make relatively benign adjustments to their monetary arrangements. Russian President Vladimir Putin acknowledged as much, telling journalists that “we don’t want to do ...

The outlook for the global asset management industry, plagued in recent years by unmerciful downward pressure on fees, is starting to look brighter. With memestocks, decentralised finance and non-fungible tokens capturing the headlines, money managers need to keep up with the zeitgeist. A new report suggests that the cryptocurrency markets offer a great opportunity for fund managers and wealth management ...

There’s a conflict brewing in Europe between regulators, banks and some politicians over how new Basel III-compliant rules will be framed. Several banks, as well as policymakers in countries including France and Germany, say the capital requirements called for under the new regulations are too high. The Basel Committee on Banking Supervision thinks that these last-ditch efforts to weaken Basel ...