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UAE University ranked 38th best in Asia in 2020

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AL AIN / WAM UAE University (UAEU) is among the top 50 in Asia for the second consecutive year, advancing 11 ranks, to 38, according to The Times Higher Education Asia University Rankings 2020. The university surpassed last year’s achievement of joining the elite top 50 Asian universities for the first time, by moving up a further 11 places from ...

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Etihad Airways lands in Cuba for first time

Abu Dhabi / WAM Etihad Airways has operated its first ever flight to Havana, Cuba. The goodwill flight, chartered by the government of the United Arab Emirates, landed in the capital of the Caribbean island nation, carrying Cuban nationals returning home from the UAE. Havana is the latest addition to an expanding list of special charter flights to destinations not ...

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Covid-19: Abu Dhabi invests AED3.6m in medical equipment

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Abu Dhabi / WAM The Abu Dhabi Stem Cells Center (ADSCC) has announced the installation of a piece of cutting-edge medical equipment that should help scientists reveal new insights into Covid-19 virus. The ADSCC, a specialist healthcare center that focuses on cell therapy, regenerative medicine and research on stem cells, has acquired and installed a Helios Mass Cytometer, which is ...

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DIFC’s reinsurance sector witnesses 17.4% rise

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Dubai / WAM Dubai International Financial Centre (DIFC) on Saturday announced a sustained performance in the reinsurance sector. “The sector grew by 17.4 percent in 2019, representing the highest volume of premiums ever written in the market, further reinforcing the centre’s position as the leading reinsurance hub in the region,” DIFC said in a statement. The DIFC further confirmed that ...

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Mozambique LNG project raises $15b of debt

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Bloomberg Total SA’s liquefied natural gas project in Mozambique raised $15 billion of debt — about the same size as the African country’s economy — exceeding a funding target even as the virus pandemic threatens the global financial system. Energy companies have struggled over the past few months as prices of everything from oil to natural gas slumped with the ...

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Massachusetts to review ‘gas utilities’

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Bloomberg Massachusetts’s top law-enforcement officer is asking regulators to investigate the future of natural-gas utilities in the state as it fights climate change. Attorney General Maura Healey called on the Department of Public Utilities to examine what steps need to be taken as the state weans itself off fossil fuels to help meet its goal to eliminate greenhouse gas emissions ...

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Green Tasmania could help wean Australian cities off coal

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Bloomberg Tasmania wants to turn itself into a battery. The island state off the Australian mainland’s southern tip is pursuing what its leaders say is the world’s most ambitious renewable energy target, boosting hydro and wind generation to twice its own needs by 2040 and exporting the rest via a planned undersea cable. The strategy could play a key role ...

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Covid-19: There are two recessions now, not one

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Of the 21.4 million nonfarm payroll jobs that disappeared in the US from mid-February to mid-April, 17.6 million, or 86%, were in the six lowest-paid (as measured by average weekly wages in February) of the 11 supersectors into which the Bureau of Labor Statistics divides our economy. In May, those supersectors together added 3 million jobs, or well more than ...

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WhatsApp gets raw deal in payments

Reports: german cartel office finds facebook abuses market position

Money is many things, but it’s not fake news. So why block WhatsApp from spreading it around? India is the laboratory of choice for Western tech firms to test out their mobile payment capabilities so they can be rolled out from Bangladesh to Nigeria. Facebook Inc CEO Mark Zuckerberg entered the fray two years ago by enabling the popular messaging ...

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