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Wizz Air Abu Dhabi adds Tirana, Sarajevo to network

ABU DHABI / WAM Wizz Air Abu Dhabi, a UAE national airline, has announced adding two new destinations to its network, by providing flights to Tirana in Albania and Sarajevo in Bosnia and Herzegovina, bringing its network to a total of 31 routes. The flights to each destination will commence on September 11 and October 03 respectively. The flight to ...

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SEDD, UAE ministry to boost joint cooperation

SHARJAH / WAM The Sharjah Economic Development Department (SEDD) and the Ministry of Energy and Infrastructure discussed ways of boosting their cooperation, in light of their mutual keenness to help achieve their strategic goals and establish effective relations. This came as part of a meeting between Sultan Abdullah bin Hedah Al Suwaidi, Chairman of SEDD, and Sharif Salim Al Olama, ...

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UAE coders’ program, Facebook to train students on AI skills

DUBAI / WAM The National Programme for Coders and Facebook announced on Wednesday the launch of the “Facebook AI Camp”, available for the first time in the Middle East and North Africa (Mena) region. The camp, slated to be held between August 15-26, will equip students with a variety of digital skills and train them in programming languages. The initiative ...

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You won’t see Teslas in India anytime soon

India wants to get on the electric vehicle bandwagon, and is introducing China-style policies to pursue its green ambitions. But there’s a wrinkle: its age-old, protectionist instincts, which have kept out international auto companies for decades. Last month, Elon Musk bemoaned India’s restrictive policies, tweeting that while Tesla Inc wanted to make cars there, “import duties are the highest in ...

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Is Nexus banking’s next big thing?

In the age of smartphones, international wire transfers belong in money museums. In more than 60 countries, including many developing nations, it has become incredibly easy to send funds in real time to someone else over the internet — knowing nothing more than their mobile phone number. However, 24/7 fast payment systems, a technology that’s starting to work pretty well ...

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Louis Pasteurs vaccine successor bets on mRNA

Sanofi is one of the world’s largest vaccine makers, with billions in reliable annual sales coming from the business. With its $3.2 billion purchase of Translate Bio Inc, the company is coopting a possible disruptor. Translate focuses on messenger RNA, the promising new approach behind the wildly successful Covid vaccines from Pfizer Inc-BioNTech SE and Moderna Inc. Sanofi first partnered ...

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Mario Draghi earns his summer vacation

Mario Draghi scored big just as he appeared to be on the point of foundering. Six months after taking office, Italy’s prime minister (and former president of the European Central Bank) continues to beat the odds and deliver reforms that have eluded Italy for decades. For 30 years, Italian politicians failed in their efforts to repair the criminal and civil ...

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China’s Delta outbreak cuts travel, hits GDP projection

Bloomberg China’s broadest Covid-19 outbreak since the beginning of the pandemic in late 2019 is hampering tourism and spending during the peak summer holiday, prompting analysts to review their economic growth projections as risks escalate. Authorities rushed to close tourist sites, call off cultural events and cancel flights, as the outbreak linked to the highly-infectious delta variant spread to nearly ...

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China exporting more sophisticated products

Bloomberg The technological level of China’s exports increased through the trade war with the US, according to a new ranking, which predicts the Chinese economy will grow faster than India’s over the next decade. China ranked 16th globally when judged by the complexity of its exports in 2019, moving up three places ahead of countries including Ireland since the onset ...

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