May, 2021

• 17 May

  Sharjah Ramadan Festival reports AED700m in sales

  

  Sharjah / WAM The 31st Sharjah Ramadan Festival, organised by the Sharjah Chamber of Commerce and Industry (SCCI), came to an end after reaching more than AED 700 million in sales. The final raffle draw was held on Saturday evening at City Centre Al Zahia. Expressing his pleasure with the success of the 31st edition of the festival in achieving ...

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• 17 May

  Etihad to give away 10,000 prizes during ATM 2021

  

  Abu Dhabi / WAM Etihad Airways has announced it will give away 10,000 prizes this week during Arabian Travel Market (ATM) taking place live in the UAE. The prizes form part of the airline’s commitment to giving away 50,000 prizes throughout the year in celebration of the UAE’s 50th Anniversary. Everyone signed up to the airline’s UAE 50 campaign will ...

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• 17 May

  Over 100% increase in beneficiaries of marriage grants in first 4 months

  

  DUBAI / WAM Hessa Bint Essa Buhumaid, Minister of Community Development, revealed that the number of Emirati young would-be spouses benefiting from marriage grants increased by nearly 100 percent from January to the end of April, compared to the same period in 2020. There were 1,080 beneficiaries in the first four months of 2021, compared to 526 during the same ...

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• 17 May

  UAE reports 1,222 new recoveries from Covid-19

  

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 103,918 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, 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 ...

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• 17 May

  Sharjah Ramadan Festival sees AED700mn in sales

  

  SHARJAH / WAM The 31st Sharjah Ramadan Festival, organised by the Sharjah Chamber of Commerce and Industry (SCCI), came to an end after reaching more than AED 700 million in sales. The final raffle draw was held on Saturday evening at City Centre Al Zahia. Expressing his pleasure with the success of the 31st edition of the festival in achieving ...

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• 17 May

  Dewa’s initiative supports electric vehicle adoption in Dubai

  

  DUBAI / WAM The EV Green Charger initiative, launched by Dubai Electricity and Water Authority (Dewa), provides a network of electric vehicle chargers across Dubai. This initiative supports Dubai’s efforts to provide innovative and sustainable transport solutions as part of the Dubai Green Mobility Strategy 2030, thus contributing towards carbon emission reduction in the transportation sector, said a Dewa press ...

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• 17 May

  Bipartisan breakdown of American politics

  

  I have a simple and depressing model for understanding the corruption of today’s political discourse. Not only does it explain the issue on both sides, it is likely to offend both of them, too. Start with the Republicans. Early on in Donald Trump’s presidency, he perfected the technique of “the big lie.” Outrageous claims would be put on the table, ...

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• 17 May

  Big brands need Bangladesh workers

  

  Bangladesh is deep into its second month of a coronavirus lockdown that has shuttered schools, public transportation and most workplaces. But thanks to lobbying by the country’s garment manufacturers, millions of factory workers are still on the job every day — even though many have complained of pay cuts, late wages and inadequate Covid protections. Eight years after the notorious ...

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• 17 May

  Bitcoin won’t leave central bankers in dust

  Innovation in central banking often starts in small markets. New Zealand was the first country to formally adopt inflation targeting as we now know it in 1990. Today the Bahamas and Cambodia lead China in piloting central bank money in electronic form. However, few realise it was Finland that pioneered the world’s first central bank digital currency. The experiment has ...

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• 17 May

  Economic demand is back. Supply is problem

  What a difference a year makes for many corporate bosses in advanced economies. Some 12 months ago, they were dealing with the sudden and brutal disappearance of demand for their products. Today, demand is not a problem for most of them; it is surging. Rather, they are struggling to secure supplies, including the raw material inputs and workers needed to ...

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