December, 2021

• 5 December

  Asean nations can play key role in boosting UAE’s food security

  

  Dubai / WAM An analysis released by Dubai Chamber highlights the vital role that countries from the Association of South East Asian Nations (Asean) can play in enhancing the UAE’s food security. The release of the analysis comes ahead of the first-ever Global Business Forum (GBF) Asean, organised by Dubai Chamber in partnership with Expo Dubai at Expo 2020 Dubai. ...

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• 5 December

  Ajman CP opens Masfout Museum

  

  AJMAN / WAM His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Executive Council, commended the UAE leadership’s great interest in heritage, antiquities, national identity, preservation of heritage content and its wide dissemination internally and externally, while inaugurating the Masfout Museum. His Highness Sheikh Ammar made his statements when he inaugurated the museum ...

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• 5 December

  50% of Sheikh Rashid bin Saeed Roads Corridor complete

  

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) announced the completion of 50 percent of the Sheikh Rashid bin Saeed Roads Improvement Corridor. The project, which extends eight kilometres (km) along Ras Al Khor Road, runs from the intersection of the Dubai-Al Ain Road to the junction of Sheikh Mohammed bin Zayed Road. Improvement works also include the construction ...

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• 5 December

  EU lawmakers push for stricter rules to avoid greenwashing

  

  Bloomberg European Union (EU) legislators are looking to tighten the region’s planned green bond standards and make it harder for issuers of environmentally-friendly debt to overstate their promises to investors. Sellers of European green bonds and sustainability-linked bonds should develop a transition plan indicating how they will adhere to a 1.5°C global warming scenario and reach climate neutrality by 2050, ...

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• 5 December

  Italy to spend $3bn to stem energy-price hike

  Bloomberg Italy’s Finance Ministry said that it plans to spend about 2.8 billion euros ($3.2 billion) from the 2022 budget to help shield consumers from surging energy prices. The support will target the first quarter of the year, and will include 800 million euros of savings from a tax overhaul and unspent cash from previous months, according to people familiar ...

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• 5 December

  Taiwan may be next crisis, delaying clients’ retirement

  

  Future US pensioners should feel pretty happy about their golden goose. A strong stock market, coupled with a dovish Federal Reserve, has buffed up their retirement accounts. For the first time since the 2008 financial crisis, corporate pension plans are edging close to being fully funded. Over the past year, their collective retirement pot has grown an average 15.6%, data ...

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• 5 December

  Texas looks to future to guide its past

  

  Texans think very highly of Texas. This has always been the case, at least in my experience, but during a recent trip to Austin I noticed a deeper development: Texans are beginning to come to terms with their state’s history — and they are less concerned about past misdeeds than about future achievements. The relevant “monument” in Austin at the ...

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• 5 December

  Barbados is trading one empire for another!

  The Royal Standard flag representing the Queen was lowered for the last time in almost 400 years over Barbados, the Caribbean island that is now a republic with a president as head of state. At the handover ceremony declaring Barbados’s constitutional independence, Prince Charles gave a contrite speech and Rihanna was formally declared a national hero. That does not sound ...

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• 5 December

  China’s role in inflation in US won’t be transitory

  Somehow, China’s currency doesn’t come up in conversation so much anymore. The mercantilist approach of the Trump administration has been abandoned, and the level of the yuan is no longer a geopolitical flashpoint. However, perhaps we should all pay more attention. The yuan is now at its strongest in more than three years versus the US dollar. The last time ...

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• 5 December

  China to bring back 737 Max to skies after 3-year grounding

  

  Bloomberg Boeing Co’s 737 Max jets may resume commercial flights in China by the end of this year or early 2022, the nation’s Civil Aviation Administration said, a day after issuing an airworthiness directive that paved the way for the single-aisle workhorse to return to the Chinese skies after an almost three-year grounding. China will also start introducing new Max ...

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