May, 2022

• 31 May

  Allen Overseas opens two new academic centres in UAE

  

    Dubai / Gulf Time Continuing its expansion spree in the GCC, Allen Overseas (Allen) opened two new academic centres in the UAE – Abu Dhabi and Sharjah, through which it aims to provide high-quality test-prep coaching to K12 students and help them achieve their highest potential. Reciprocating the students’ increasing demand, the institute has launched its biggest centre in ...

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• 31 May

  Boston Scientific opens offices in Dubai

    Dubai / WAM Boston Scientific, the global medical technology leader, inaugurated their new offices in Dubai Science Park (DSP), the leading science-focused community part of Tecom group, to meet the growing needs of patients in the Middle East. Boston Scientific UAE entity’s expansion aims to address the significant increase in demand for medical devices in the region, which according ...

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• 31 May

  DFM’s international roadshow to attract more investors to Dubai

  

  Dubai / WAM The Dubai Financial Market (DFM) will organise its annual 2022 International Investors Roadshow on June 9-10, in collaboration with HSBC. The roadshow will connect senior executives of leading issuers of equities, sukuk and bonds on Dubai capital markets with numerous leading investment institutions globally. The resumption of DFM’s annual international investors roadshows in London, initiated in 2007 ...

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• 31 May

  Mubadala Health, Abu Dhabi Early Childhood Authority ink deal

  

    ABU DHABI / WAM Mubadala Health on Monday announced the signing of a memorandum of understanding (MoU) with the Abu Dhabi Early Childhood Authority (ECA) to provide world-class expertise from across its extensive network of healthcare entities in service of families across the emirate of Abu Dhabi. The partnership will see both entities collaborate on various initiatives designed to ...

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• 31 May

  Khalifa Fund hosts int’l outreach training workshop in Zanzibar

  

    Abu Dhabi / WAM Khalifa Fund for Enterprise Development (KFED) officially held its inaugural international capacity building services with a three-day training programme in Zanzibar. The training programme was attended by Dr Islam Seif Salim, Permeant Secretary, Ministry of Trade and Industrial Development, and commenced with a welcoming speech by Khalifa Abdul Rahman Al Marzouqi, UAE Ambassador to Tanzania. ...

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• 31 May

  Sun-starved Sweden turns to solar to fill power void

  

    Bloomberg Sweden, known for its long dark winters with barely any daylight, is seeing a solar power boom. Harnessing whatever sunshine the country gets is emerging as the quickest solution to fill part of the void left by two closed nuclear reactors in southern Sweden, where the biggest cities and industries are located. With shortages piling up in the ...

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• 31 May

  Is great Sri Lanka fire sale about to begin?

  

  Sri Lanka has a habit of selling off its assets when times are tough. And it doesn’t get much tougher than this. The tiny island nation is in default and in desperate need of $4 billion to pay for food, fuel and fertiliser to stave off a deeper crisis. The newly appointed prime minister, Ranil Wickremesinghe — his sixth time ...

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• 31 May

  History’s blazed trail to baby formula

  

  At first glance, the acute shortage of baby formula seems like an advertisement for breast-feeding. If only women did what came naturally, the thinking might go, maybe there wouldn’t be a problem at all. This argument would draw on evidence that multinational corporations like Nestle did much to persuade women to give up breast-feeding in favour of formula. Their 20th-century ...

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• 31 May

  How about crypto in retirement accounts?

    Cryptocurrencies are the exact opposite of a prudent investment: They’re volatile, have little practical use beyond speculation and crime, often get lost or stolen, and lack the real-world cash flows that underpin the values of stocks and bonds. It should thus go without saying that they have no place in a retirement savings plan. Unfortunately, it appears to require ...

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• 31 May

  Should Nato think about Finland, Sweden again?

    One of the ironies of Russia’s war against Ukraine — ostensibly fought to prevent that nation from joining the North Atlantic Treaty Organization (Nato) — has been its impact on two of Europe’s traditionally neutral states, Finland and Sweden. On May 18, just 84 days after the invasion, Swedish and Finnish ambassadors handed over applications to join Nato in ...

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