April, 2022

• 11 April

  Binance gets ADGM nod to operate as broker-dealer

  

  Abu Dhabi / WAM Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, has received its In-Principle Approval (IPA) for a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), to operate as a broker-dealer in virtual assets. ADGM, the international financial centre in the capital of the UAE, introduced the world’s ...

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• 11 April

  UK’s unemployed face biggest drop in benefits in 50 years

  

    Bloomberg Britain’s unemployed face a further blow when the value of their welfare benefits is set to fall the most in half a century, according to new research. Analysis by the Joseph Rowntree Foundation shows the decline comes with the real value of out-of-work benefits already at historically low levels because the Treasury froze payouts or increased them by ...

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• 11 April

  Dubai: 24,662 business licenses issued in Q1 ’22

  

    Dubai / WAM The Department of Economy and Tourism (DET) in Dubai has issued its first-quarter 2022 report on the business environment. The report developed by the DET’s Business Registration and Licensing (BRL) sector shows that 24,662 new business licenses were issued in Q1 2022, a growth of 58% from Q1 2021, when 15,580 licences were issued. The exceptional ...

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• 11 April

  Dubai permits e-scooters in 10 districts

    Dubai / WAM Dubai’s Roads and Transport Authority (RTA) and the General HQ of Dubai Police have announced the start of the operation of electric scooters on permitted cycling tracks in 10 districts across Dubai starting Wednesday, April 13. The step is taken in line with Resolution Number 13 for 2022, endorsed by His Highness Sheikh Hamdan bin Mohammed ...

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• 11 April

  SAVW unveils ‘Volunteer Imprints’ on YouTube

  

    Sharjah / WAM The Sharjah Award for Voluntary Work (SAVW) has announced the launch of an educational programme titled “Volunteer Imprints” on its YouTube channel, an initiative undertaken by the award to host prominent and distinguished community personalities who have a positive role and impact on voluntary work, and whose aspirations and efforts continue to contribute to enhancing the ...

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• 11 April

  Dubai: 24,662 new business licenses issued in Q1 2022

  

    Dubai / WAM The Department of Economy and Tourism (DET) in Dubai has issued its first-quarter 2022 report on the business environment. The report developed by the DET’s Business Registration and Licensing (BRL) sector shows that 24,662 new business licenses were issued in Q1 2022, a growth of 58% from Q1 2021, when 15,580 licences were issued. The exceptional ...

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• 11 April

  SIH launches Ramadan cultural programme

    SHARJAH / WAM The Sharjah Institute for Heritage (SIH) has launched the activities of the Ramadan cultural programme which will run until April 21. Speaking on the occasion, Dr Abdul Aziz Al Musallam, Chairman of SIH, said, “The revival of the heritage area in the heart of Sharjah and the rest of the emirate’s regions came during the Holy ...

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• 11 April

  Adek’s ‘Library on Wheels’ initiative to continue year-long

  

    ABU DHABI / WAM The ‘Library on Wheels’ initiative, operated by the Abu Dhabi Department of Education and Knowledge (Adek), will continue its tour of the emirate on a year-long basis. This comes after a series of successful pop-ups at schools and key locations in Abu Dhabi city during March, as part of the ‘Abu Dhabi Reads’ programme. Part ...

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• 11 April

  Emirates Islamic bank contributes AED5mn to 1 Billion Meals Initiative

  

    DUBAI / WAM Emirates Islamic bank has announced that it has contributed AED 5 million to the 1 Billion Meals initiative, the largest of its kind in the region to provide food to underprivileged and vulnerable groups suffering from food insecurity in 50 countries. The contribution of the Emirates Islamic bank helps provide basic foodstuffs to individuals and families ...

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• 11 April

  Geothermal powerhouse Iceland struggles with lack of electricity

  

    Bloomberg Isolated from any other country’s power networks, Iceland has this winter faced a new predicament: running out of electricity. Sitting in the Atlantic Ocean, 850 kilometres (530 miles) from the Scottish coast, the country had to be self-sufficient in electricity generation, and power was always so plentiful that a large aluminum-smelting industry emerged half a century ago to ...

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