June, 2021

• 10 June

  UAE ranked first in Mena region for business skills

  

  Dubai / WAM According to Coursera’s Global Skills Report 2021, the UAE ranks first in the Mena region and second globally in overall business skills, only after Luxemburg. This year’s study draws on performance data since the pandemic’s onset from more than 77 million learners on the platform to benchmark skills proficiency across business, technology, and data science for over ...

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• 10 June

  Abu Dhabi University ranks amongst world’s top universities

  

  Abu Dhabi / WAM Abu Dhabi University (ADU) has retained its position in the top 701-750 universities globally in the prestigious Quacquarelli Symonds (QS) World University Rankings for 2022 for the fourth year in a row while continuing to significantly improve its position on various indicators. The university has improved its score in different key indicators. Compared to previous performance, ...

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• 10 June

  Will Amazon’s arbitration decision help consumers?

  

  Consumer advocates are cheering Amazon’s quiet decision to stop mandating arbitration for most customer disputes. The online retail giant, like other vendors, has heretofore included in its terms of service a ban on lawsuits. Without making a public announcement, the company has switched gears. We might be cheering too soon. Even though Amazon had little choice — more on that ...

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• 10 June

  Japan’s chip future lies in a Taiwan park

  

  As much as the US pines for the good old days of global semiconductor supremacy, Japan feels its loss of glory even more. Once a dominant name in electronic components, the nation has been overtaken by South Korea, Taiwan, and, more recently, China. Yet Tokyo may have a viable plan to revitalise its domestic sector. “Unlike the purely domestic, independent ...

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• 10 June

  Economists don’t know all about US economy

  One of the biggest questions hanging over the US economy right now is whether the government is spending too much money. Some prominent economists are warning it’s time to pump the brakes. President Joe Biden’s $1.9 trillion pandemic relief package came on top of $3.1 trillion in similar outlays back in 2020; and now the president is planning at least ...

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• 10 June

  Joe Biden’s trickle-up economics may fail

  President Joe Biden’s recently unveiled budget marks a new era in US economic policy making. Decades of trickle-down tax cuts are out the window; Biden is betting that trickle-up economics will deliver the kind of sustained and equitable growth we all want. But that’s a dangerously short-sighted strategy that in the long term will create far more stagnation than a ...

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• 9 June

  Abu Dhabi unveils region’s largest coral reef rehabilitation project

  

  ABU DHABI / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, and Chairman of the Board of Directors of the Environment Agency – Abu Dhabi (EAD), launched the largest coral reef rehabilitation project in the region, including more than one million colonies of coral reef through a replanting programme, with the aim of increasing ...

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• 9 June

  Abu Dhabi to invest AED22b in culture, creative industries

  

  ABU DHABI / WAM Abu Dhabi is accelerating the growth of the Culture and Creative Industries (CCI) through an AED30+ billion investment strategy that sees the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) cements its leadership position as the custodian of all the multidisciplinary sectors within the CCI. The culture and creative industries are key drivers ...

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• 9 June

  UAE condemns Houthis attack on fuel station in Yemen’s Marib

  ABU DHABI / WAM The UAE has strongly condemned the Iran-backed Houthi terrorist militias’ targeting of a fuel station in the Yemeni governorate of Marib with missiles and booby-trapped aircraft, which resulted in several deaths and injuries to innocent civilians, including children. In a statement released by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE reiterated that ...

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• 8 June

  Etisalat lists AED4.47b worth of bonds on ADX

  

  ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) on Tuesday announced the listing of the bonds of the Emirates Telecommunication Group company (Etisalat) under the issuer’s medium-term note programme with a total amount of Euro1 billion (AED 4.47 billion) in two tranches, starting June 14. The listing of bonds in two tranches is subject to Securities and Commodities ...

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