May, 2021

• 8 May

  Etihad Rail – built locally with global standards

  

  Abu Dhabi / Emirates Business Since its inception, Etihad Rail has ensured building the UAE’s national rail network with world-class standards, to contribute to supporting the growth of the nation’s industrial sector and advancing the country’s wider economic growth. The company referred to local sources to provide many of the main components required for building the network, in line with ...

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• 8 May

  UAE reports 1,701 new recoveries from Covid-19

  

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 200,648 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. As ...

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• 8 May

  Dubai’s tourism proposition, initiatives to be showcased

  

  Dubai / WAM The 2021 edition of the Arabian Travel Market will see Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) pull out all stops to ensure that the destination remains in the global spotlight with unique events, projects and initiatives designed to further accelerate tourism momentum in this landmark year for Dubai. Over 70 representatives from government bodies, ...

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• 8 May

  UAE sends aid plane to Sierra Leone

  

  Abu Dhabi / WAM The UAE sent a plane carrying 50 metric tons of food supplies to the Republic of Sierra Leone as part of its initiatives during the holy month of Ramadan. Sultan Ali Al Harbi, UAE Ambassador to Senegal and Non-Resident Ambassador to Sierra Leone, said: “The UAE is committed to helping brotherly and friendly countries in all ...

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• 8 May

  UAE calls for addressing gaps in access to science and technology at UN

  

  NEW YORK / WAM The United Arab Emirates (UAE) has urged the international community to close the gap on access to science and technology to improve lives across the world. “Science and technology have played a significant role in the last year,” Sarah Al Amiri, Minister of State for Advanced Technologies, said via a video statement at the UN’s sixth ...

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• 8 May

  Taqdeer Award to launch excellence cards for labour sector on May 17

  

  DUBAI / WAM Under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, organisers of the Taqdeer Award announced that it will be launching and activating the Excellence Cards for the labour sector, a new initiative that forms part of the emirate’s efforts to enhance the welfare ...

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• 8 May

  At last, Europe starts to feel Covid vaccine effect

  

  The European Union’s Covid-19 vaccination rollout had looked like a cross between a bad joke and a bad dream. Almost everything that could go wrong did: Logistical failures, supply delays, the odd diplomatic incident and an ugly bust-up with AstraZeneca Plc. The euro-area economy, battered by successive virus waves, fell into a double-dip recession earlier this year. Yet the bloc ...

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• 8 May

  Uber, Lyft’s drivers can call the shots

  

  Gig economy workers are in the driver’s seat. With ride-hailing demand outstripping labor supply, a strengthening economy may accomplish what activists have failed to achieve: better pay and benefits. Uber Technologies Inc and Lyft Inc reported earnings that exceeded expectations, citing a rapidly improving market for ride-hailing. Not everything was perfect. While enthusiastic about demand trends, the two companies admitted ...

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• 8 May

  Is the best job in finance all about the bonus?

  Norway’s sovereign wealth fund, the world’s biggest, is hamstrung in competing for talent with the rest of the investment industry. As a public institution, it faces what it calls “barriers to remuneration.” In other words, it can’t pay its stars what they would earn working at a hedge fund. But a study just published celebrating 20 years of active management ...

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• 8 May

  Congress should end US military’s wish lists

  In his first budget request to Congress, President Joe Biden is set to propose $715 billion in defense spending — a 0.4% cut in real terms. After four years in which military spending increased substantially, the administration is right to take aim at Pentagon excess and seek greater value for taxpayer dollars. But perhaps the biggest obstacles to realising those ...

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