January, 2022

• 7 January

  Sewa implements projects worth AED54.3m in 2021

  

    Sharjah / WAM The Central Region Department of the Sharjah Electricity, Water and Gas Authority (Sewa) implemented a number of development projects during 2021. As many as 80 projects have been implemented for network modifications and the installation of approximately 50 transformers in the central region. Cables have been extended to implement these projects with up to 197,624 km ...

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• 7 January

  UAE announces 2,687 new Covid-19 cases

  

    Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 405,418 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

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• 7 January

  Sheraa honours UAE student entrepreneurs

    Sharjah / WAM The Sharjah Entrepreneurship Centre (Sheraa) has honoured three teams of young aspiring entrepreneurs for their unique and outstanding business ideas for new edition of Rising Stars Competition during a ceremony at the Sharjah Research, Technology, and Innovation Park. The announcement came after 126 high school students aged 13-18 from 21 schools, had pitched their innovative ideas ...

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• 7 January

  Uranium jumps as unrest hits world’s top supplier Kazakhstan

  

    Bloomberg Uranium prices jumped as Kazakhstan, the world’s largest producer of the radioactive metal, struggles to cope with deadly protests that pose the biggest challenge to the country’s leadership in decades. The Central Asian nation, a part of the former Soviet Union that produces more than 40% of the world’s uranium, has disrupted communications networks and restricted some travel ...

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• 6 January

  Ambani’s succession plan needs three superstars

  

    Asia’s richest man has promised to accelerate what he claims will be a “momentous leadership transition” to the next generation. Just how Mukesh Ambani will carve up his $217 billion empire is still under wraps, but one thing is clear: The eagerly anticipated corporate succession will be underpinned by the emergence of at least three superstar businesses, each of ...

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• 6 January

  Shoplifting is scaring the retailers

  

  Wall Street is desperately trying to figure out where consumer demand is going. Alongside sentiment and sales, there’s another indicator worth watching: shoplifting. This metric is rarely talked about. It’s uncomfortable for retail executives to acknowledge that their customers, or worse still, their employees, are stealing from them. But theft has long been a bugbear for retailers, and it’s now ...

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• 6 January

  Why ‘remain in Mexico’ policy is worth preserving

    Less than a year after canceling former President Donald Trump’s “remain in Mexico” policy towards migrants attempting to enter the US, the Biden administration has started enforcing it again — all too reluctantly. Restoring the policy is a necessary step towards gaining control over the crisis at the country’s southern border. The administration should work with Mexico to make ...

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• 6 January

  January 6 rioters don’t face a double standard

    On the anniversary of the January 6, 2021 storming of the US Capitol by supporters of former President Donald Trump, we still scarcely able to believe that such an event occurred. But the lawyer in us is pleased to see the criminal justice process moving forward. According to Politico’s tracker, the 700-odd arrests of accused rioters have resulted so ...

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• 6 January

  Allegiant Airlines punished for adding Boeing to fleet

  

    Bloomberg Allegiant Airlines tumbled the most in 18 months after the carrier reversed its strategy of keeping costs in check by flying only Airbus SE planes, ordering 50 Boeing Co. 737 Max jets. Under the deal, which has a total value approaching $2.5 billion, the airline will buy two versions of the Max to be delivered from 2023 through ...

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• 6 January

  Malaysia’s Senheng targets doubling market share

  

    Bloomberg Malaysia’s biggest electronics retailer Senheng New Retail Bhd., which is set for a debut this month on the local exchange, is aiming to double its market share by 2025 as it expands its brick-and-mortar and virtual stores. In an interview before the January 25 listing, Chairman Lim Kim Heng said that his target is to capture 30% of ...

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