Dubai / WAM The Dubai Airport Freezone Authority (Dafza) officially launched a one-of-a-kind innovative start-up program called Scality, which is set to attract local, regional and global tech start-ups and enable them to establish and grow their businesses in the region. Scality offers start-ups the opportunity to set up and operate their businesses with flexibility and convenience through a commercially ...

ABU DHABI / WAM When it comes to delivering on a future vision, the UAE has set the standard in the Middle East. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, has said that industries of the future are central to the UAE government’s efforts to secure sustainable ...

ABU DHABI / WAM Etisalat, in partnership with the Ministry of Community Development, on Wednesday announced the launch of a first of its kind web extension aimed at simplifying the World Wide Web and making it autistic-friendly. The launch was made on Wednesday in the presence of Dr Ahmed bin Ali, Group Senior Vice President, Corporate Communications, Etisalat, and Wafa ...

Abu Dhabi / WAM Qasr Al Watan, one of the only working palaces of its kind in the world, welcomed a host of UAE-based artists and art students from La Parole Art Gallery and New York University Abu Dhabi. The unique painting sessions saw the participation of 16 up-and-coming artists. In a bid to preserve and promote culture, artistry and ...

The Federal Reserve’s rescue of the global financial system one year ago prevented a public health crisis from degenerating into market chaos. When histories of the Covid-19 pandemic are written, it would be shortsighted to ignore this exercise in financial diplomacy that cemented the dollar’s role as a pillar of the world economy. This flexing of monetary muscle raises big ...

When the coronavirus pandemic brought travel to a standstill, airlines turned to every financing source they could find — even their previously untouched frequent-flier programs. Whether this is a positive development for the industry depends on who you ask. United Airlines, Delta Air and American Airlines Group have raised more than $25 billion through debt deals backed by their traveller ...

Following pandemic news too closely can be an emotional roller coaster, with dire public health warnings immediately followed by hopeful new studies. The latest soaring discovery: a new CDC study showing vaccines sharply cut all Covid-19 infections — not just symptoms. That news puts to rest one worst-case-scenario: that vaccines might protect the vaccinated against hospitalisation, but allow millions of ...

Earlier in March, the European Central Bank (ECB) announced that it would buy more bonds to stop borrowing costs rising. It was worried that the euro zone economy was in such poor shape that it couldn’t afford to have European bond yields dragged higher by their US cousins. On March 22, to mark the one-year anniversary of its Pandemic Emergency ...

Bloomberg Airbus SE will buttress its moonshot plan to build a hydrogen aircraft by the middle of the next decade with an effort to power conventional jets with sustainable fuels. CEO Guillaume Faury said that he’s confident the European planemaker can bring a hydrogen plane into service by 2035. In the meantime, Airbus will work to increase the amount of ...

Bloomberg Vietnam’s aviation authority proposed a gradual resumption in international passenger flight arrivals starting in July, the agency said in a post on its website. The agency suggests allowing limited weekly flights between Vietnam and Japan, South Korea and Taiwan with passengers subject to virus tests and 15-day quarantines, according to the website, which cited the agency’s proposal to the ...