ABU DHABI / WAM ADQ, one of the region’s largest holding companies, on Monday announced the establishment of Silal, a new company in Abu Dhabi developed to diversify food sources and increase the locally grown, raised and manufactured food. This entity complements the Abu Dhabi government’s efforts to secure food supply chains as well as to boost the supply and ...

Abu Dhabi / WAM Etihad Airways has signed an agreement with MCI Middle East to be the official travel and destination management partner of its key events in 2021 and 2022. Etihad will offer speaker and travel management services for all conferences serviced by MCI in Abu Dhabi. This new agreement allows exhibitors, speakers and visitors to purchase Etihad’s full ...

Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq) has shared the new developments being witnessed across its portfolio of latest large-scale real estate, tourism, commercial and hospitality projects, in line with the gradual reopening of businesses across the UAE. “Preventative measures to curb the spread of the coronavirus will be implemented effectively across all its sites to ensure ...

Abu Dhabi / WAM The United Arab Emirates maintained its Arab and regional leadership in a number of ICT related indicators, according to the Global Innovation Index Report 2020, which included results related to Global Competitiveness indicators for ICT sector. According to the report, the UAE ranked first on Arab and regional level in Information amd Communi- -cation Technologies (ICTs) ...

ABU DHABI / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has announced the introduction of a new service to the Egyptian capital Cairo with direct flights from Abu Dhabi starting on September 24. “The daily service offers greater connectivity and value-for-money options making it easier and more convenient for customers to travel between the two capital cities,” ...

There’s no question that Germany has done relatively well during this annus horribilis, and that the administration of Chancellor Angela Merkel deserves most of the credit. But the country could soon have a different problem. The same government policies that worked so well in the first phase of the corona-recession could do major damage in the second phase and thereafter. ...

In the UK, Conservative party campaign ads often warn of “tax bombshells” about to be dropped by a profligate Labour party. Yet allies of Chancellor Rishi Sunak recently briefed the media about a Tory “tax bombshell” to pay for the billions splurged by the government during the Covid-19 crisis. An explosion duly followed in the ranks of his party. Sunak ...

The European Central Bank (ECB) has a problem, and, no, it is not the exchange rate. The recent appreciation of the euro may have caught all the headlines, but it pales in comparison with the broader challenge the pandemic poses for monetary policy. Rather than simply talking down the currency, the ECB must take more substantive steps to support economic ...

Japan’s likely next prime minister is a huge fan of Shinzo Abe. That doesn’t mean Yoshihide Suga is a carbon copy. Indeed, the shades of difference between the two men on some key issues are important, particularly when the economy in question is the world’s third-largest, a critical part of global manufacturing and trade, and a pioneer of ultra-low interest ...

Bloomberg Polish e-commerce group Allegro plans to raise about 1 billion zloty ($266 million) in an initial public offering in Warsaw, becoming the latest web-based company to take advantage of a buoyant market for the tech sector. Allegro’s private equity owners Cinven, Permira and Mid Europa Partners also plan to sell shares in the IPO, the company said in a ...