December, 2021

• 27 December

  Ajman Bank, EDB sign deal on credit guarantee for SMEs

  Ajman / WAM Ajman Bank has signed a memorandum of understanding (MoU) with the Emirates Development Bank (EDB) to offer credit guarantee and co-lending for small and medium-sized enterprises (SMEs) in the UAE. The MoU falls within the scope of EDB’s commitment to boost the SME ecosystem and the industrial sector in the UAE and thus increase its contribution to ...

  Read More »
• 27 December

  UAE reports 618 new recoveries of Covid-19

  

    Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 334,211 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. ...

  Read More »
• 27 December

  Kateb Maktub sees 516% rise in Arab author profiles

    Dubai / WAM Emirates Literature Foundation’s initiative, Kateb Maktub, has spearheaded the drive to increase the number of Arab author pages on Wikipedia in both Arabic and English, and reports a 516 percent growth in the short span of one year. The initiative was launched in late 2020 to make information about Arab authors and literature easily available online. ...

  Read More »
• 27 December

  Abu Dhabi Ports aims to explore partnerships in global markets

  

    Abu Dhabi / WAM Mohamed Juma Al Shamisi, Group CEO of Abu Dhabi Ports, has said that the group aims to explore opportunities and partnerships in regional and international markets by signing international partnership agreements. In his statement to the Emirates News Agency (WAM), Al Shamsi said the group’s investments will help improve the emirate’s stature as a key ...

  Read More »
• 27 December

  Dubai launches ‘one-stop-shop’ for timeshare operators

  

    DUBAI / WAM In a move that further contributes to realising the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the world’s best city to live, work and visit, Dubai’s Department of Economy and Tourism (DET) has launched an online portal that ...

  Read More »
• 27 December

  Exxon cuts Baytown refinery rates after extinguishing fire

  

    Bloomberg Exxon Mobil Corp says an overnight fire at its Baytown, Texas, refinery that injured four people has been extinguished. The blaze occurred at 1 am local time at the plant, which is the fourth-largest in the US, capable of processing more than half a million barrels of oil a day. Gasoline trading in New York jumped as much ...

  Read More »
• 27 December

  Rehabilitating George III, the mad king who lost America

  

    George III was neither mad nor bad. The US Declaration of Independence filed 28 charges of misgovernment against the British king who lost the American colonies, but recent scholarship argues that his detractors on both sides of the Atlantic got him wrong. Far from being an enemy to liberty, George III was a sound constitutionalist and the first British ...

  Read More »
• 27 December

  Regime change for global economy

  

  This could be the year when the global economy enters a new regime. No longer driven by minimal inflation in prices, negligible interest rates, steadily falling bond yields, growing inequality, and fantastic returns on asset prices, it’s possible that the return of rising prices in 2021 will at last force a new way of doing things. With inflation a serious ...

  Read More »
• 27 December

  Plague and war, but good stuff too

  Two of the four horsemen of the apocalypse will keep us busy in 2022 as they did in 2021. One is plague — in our case the Sars-CoV-2 virus that keeps mutating. As predicted in March, people are in for a seemingly permanent struggle between us (science) and nature (evolution). People keep coming up with new and better vaccines, but ...

  Read More »
• 27 December

  How Europe can reduce its dependence on Russian gas

    As if the pandemic and rising inflation weren’t enough, Europeans face another source of wintry discontent: an energy crisis. A supply crunch has caused the price of power to hit record highs, just in time for the coldest season. It also risks exacerbating a worrying situation in Ukraine. With Russia massing forces on the border, Europe’s dependence on Russian ...

  Read More »