February, 2022

• 4 February

  UAE to cooperate with Bavaria on climate action

    DUBAI / WAM The UAE and the German federal state of Bavaria have agreed to cooperate in tackling climate change and protecting the environment. In this context, Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, and Roland Weigert, Bavaria’s Vice Minister of Economic Affairs, Regional Development and Energy, signed a joint declaration of intent during the ...

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• 4 February

  Dubai adds 98 new economic activities to key sectors in 2021

  

    Dubai / WAM The Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, has added 98 new economic activities across a number of vital sectors in 2021, bringing the total number of economic activities to more than 2,200. This entails an increase of 88 percent compared to 2020, with 52 new economic activities ...

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• 4 February

  FAB, Mastercard launch new virtual corporate debit card

  

    ABU DHABI / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has partnered with Mastercard to launch the new FAB Virtual Corporate Debit card. The new offering expands the range of FAB’s Global Transaction Banking (GTB) Virtual Account e-commerce enabled product capabilities for corporate and commercial clients. ...

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• 4 February

  UAE to host SpaceOps conference for first time in Arab world

  

    Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Thursday announced that it is all set to host the 17th International Conference on Space Operations (SpaceOps 2023), one of the world’s leading and premier space events at the World Trade Centre in Dubai, UAE. The event, being held for the first time ever in the Arab world, ...

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• 4 February

  US isn’t ready for nuclear rivalry with China, Russia

  

    As vice president in January 2017, Joe Biden gave a speech endorsing the idea of a “world without nuclear weapons.” Last year, he took office pledging to reduce America’s reliance on those weapons — perhaps with a promise that Washington would never use nuclear weapons first in a conflict, or perhaps by cutting, even eliminating, the country’s intercontinental ballistic ...

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• 4 February

  The big bonuses at banks won’t last

  

  Soaring pay and bonuses came as an unwelcome shock to shareholders during US banks’ 2021 earnings season. Most big European banks are also likely to complain about the exploding cost of talent in their results over the next few weeks. The big worry for investors — after the best banking profits in years — is that pay profligacy today will ...

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• 4 February

  Can Apple playbook work for Windows computers?

    Upon his return to Apple Inc. in the 1990s, Steve Jobs started what would become one of the most legendary business turnarounds in history. The key to the comeback was refocusing the iconic technology company on its original DNA: combining beautifully designed, high-quality products with a simplified, friendly customer experience. While Mac users have benefited from Apple’s return to ...

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• 4 February

  Nuclear power is more important than ever

    After the disasters at Chernobyl in 1986 and Fukushima in 2011, turning away from nuclear power seemed prudent. Now it looks like a serious error — and not just because global energy costs happen to be spiking. Over the next several decades, an orderly, affordable and politically sustainable transition to zero-carbon electricity is likely to require a much bigger ...

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• 4 February

  United explores minority stake sale of MileagePlus

  

    Bloomberg United Airlines Holdings Inc. is exploring a potential sale of a minority stake in its frequent-flier program MileagePlus, according to people familiar with the matter. United is working with financial advisers who have begun contacting potential investors including private equity firms, the people said, asking not to be identified because the matter is private. Any minority stake in ...

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• 4 February

  Lockheed, Airbus take on Boeing with made-in-USA tanker

  

    Bloomberg Get ready for the tanker wars, part two. Airbus SE is teaming up with Lockheed Martin Corp. to take on Boeing Co.’s troubled aerial tanker with an American-made version of the European company’s A330 jetliner. The wide-body plane was at the heart of a proposal that first beat, then on appeal lost out to, Boeing’s KC-46 tanker in ...

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