September, 2021

• 29 September

  Mastercard partners with Lulu Exchange for speedy remittances

  

  Dubai / Emirates Business Mastercard has entered a strategic partnership with Lulu Exchange to enable UAE consumers to carry out simple, speedy, and secure remittances through the Lulu Money mobile app. Transactions made using Mastercard debit cards will bear no additional ‘merchant transaction fees’, making Lulu Exchange the first exchange house in the UAE to enable such a facility for ...

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• 29 September

  Sheikh Mohamed, US security advisor discuss bilateral ties, regional issues

  

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Tuesday Jake Sullivan, US National Security Advisor, who is currently on a tour of several countries in the region. During the meeting, which took place at Al Shati’ Palace, Sheikh Mohamed and ...

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• 29 September

  ECI seeks to protect non-oil trade worth AED10bn by end of 2021

  

  Dubai / WAM Massimo Falcioni, CEO of Etihad Credit Insurance (ECI), has affirmed that the company – since its establishment in 2018 – is instrumental in achieving the target adopted in the UAE National Agenda for non-oil Export Development, aiming at accessing 25 new global markets and advance the company’s foreign trade, thanks to ECI’s partnership strategy with foreign governments’ ...

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• 29 September

  Sharjah Airport unveils new sonic branding

  

  SHARJAH / WAM In fulfilment of its mission to provide a safe travel experience and pioneering services for all within an environment that supports innovation, the Sharjah Airport Authority (SAA) launched the distinctive sonic branding of Sharjah Airport. The musical tone, inspired by the sounds and movements of the airport, adds a new dimension to the airport’s identity. The sonic ...

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• 29 September

  ECI’s strategy aligns with UAE’s vision for next 50 years: CEO

  

  DUBAI / WAM Massimo Falcioni, CEO of Etihad Credit Insurance (ECI), has affirmed that the company — since its establishment in 2018 — is instrumental in achieving the target adopted in the UAE National Agenda for non-oil Export Development, aiming at accessing 25 new global markets and advance the company’s foreign trade, thanks to ECI’s partnership strategy with foreign governments’ ...

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• 29 September

  Abu Dhabi expands electricity tariffs incentive program

  

  Abu Dhabi / WAM The Abu Dhabi Economic Development Department (Added) has announced the expansion of the Electricity Tariffs Incentive Programme (ETIP), launched in 2019 for industrial SMEs to join the programme once they meet the criteria, to encourage the use of the developed logistic infrastructure of Abu Dhabi to create a supportive eco-system. The ETIP comes as part of ...

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• 29 September

  Dems need a carbon tax and a coal miner buyout

  

  Senator Kyrsten Sinema’s opposition to a corporate income tax increase has Democrats taking another swing at a carbon tax. If they manage to rally around the idea, it could be a milestone in global climate policy and the defining initiative of Joe Biden’s presidency. Whether Democrats can make this proposal happen is anyone’s guess. But it would have a better ...

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• 29 September

  Even PBOC can’t kill Bitcoin FOMO

  

  The cryptocurrency crowd has wasted no time in dancing on the grave of China’s “FUD” (internet speak for fear, uncertainty and doubt). Last week’s move by the People’s Bank of China (PBOC) to ban crypto transactions and mining dented the prices of Bitcoin, Ethereum and other digital currencies, but they’ve largely rebounded. The bulls reckon the latest attempt by Beijing ...

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• 29 September

  Can digital cash lift gross national happiness?

  The tiny Himalayan kingdom of Bhutan, landlocked between the teeming multitudes of China and India, shot to global fame in the 1970s with gross national happiness: a broad measure of overall welfare it prefers over the more traditional metric of gross domestic product, which only includes production of goods and services, even those that ultimately leave us miserable. More recently, ...

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• 29 September

  A battle for influence within Fed is brewing

  While traders and policy makers preoccupy themselves with the question of Federal Reserve Chair Jerome Powell’s reappointment, a quiet battle for influence within the institution is intensifying. The exit of two regional officials could quiet dissent and further strengthen the chair’s considerable grip on monetary policy in the world’s largest economy. Eric Rosengren, president of the Boston Fed, and Robert ...

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