March, 2021

• 28 March

  Bee’ah to promote sustainability at ‘Ripe Market’

  

  Sharjah / WAM Bee’ah announced it has signed a Memorandum of Understanding with Ripe Exhibitions Organiser Company to provide waste management services at The Ripe Market inside the Dubai Police Academy Park, a weekly community event that supports UAE home-grown businesses and local farmers. As part of the agreement, Bee’ah will work closely with Ripe Market’s facilities team to oversee ...

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• 28 March

  UAE reports 438,706 total recoveries from Covid-19

  

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) conducted 230,734 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 treatment. As part ...

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• 28 March

  Abu Dhabi’s ADFD allocates $200m to spur UAE exports

  

  ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD) Board of Directors approved the allocation of AED735 million ($200 million) for Abu Dhabi Exports Office (Adex) to accommodate export financing that will help spur the growth of exports of UAE national companies. The 2021 budget allocation increased by 33.3 percent, with AED184 million ($50 million) over the 2020 ...

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• 28 March

  UAE, Tunisia discuss trade cooperation

  

  ABU DHABI / WAM Mohammed Thani Al Rumaithi, Chairman of the Federation of the UAE Chambers of Commerce and Industry, received Moez Benmim, Ambassador of Tunisia to the UAE, to discuss with him means of bolstering joint trade cooperation to serve the business environment of both countries. During the meeting held at the chamber’s tower in Abu Dhabi, both sides ...

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• 28 March

  Sharjah, Singapore keen to bolster collaboration

  

  Sharjah / WAM The Department of Government Relations (DGR) in Sharjah, and the Embassy of Singapore in the UAE, have explored ways to further strengthen collaboration in sustainable development, education, and infrastructure. The two parties also discussed the establishment of investment partnerships in new and emerging sectors which they are prioritising to keep abreast of the shifts in market demand. ...

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• 28 March

  Shell, Nigeria’s Aiteo locked in legal battle over loan default

  

  Bloomberg Royal Dutch Shell Plc and seven banks accused one of Nigeria’s largest oil producers of defaulting on loan repayments that stand at more than $900 million and are locked in a court battle to reclaim the money, legal documents show. The previously unreported impasse stems from a deal that Aiteo Eastern E&P Co. did six years ago to purchase ...

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• 28 March

  Guns are not a winning issue for Democrats

  

  Gun control is back on the national agenda. While the killings in Georgia two weeks ago mostly prompted dialogue about motives and anti-Asian hate crimes, the murder of 10 last week in Colorado led President Joe Biden to urge Congress not “to wait another minute” before acting on gun regulation proposals, including a ban on assault rifles and high-capacity magazines. ...

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• 28 March

  Europe should keep its green bar high

  

  The European Union’s attempt to protect the environment by developing a complicated, wide-ranging definition of green investments has run into yet more problems. This time, it’s opposition from those who support a more incremental approach. A new draft of the bloc’s sustainable finance taxonomy, which seeks to catalogue only activities aligned with climate protection, includes some forms of unabated natural ...

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• 28 March

  A vigilante and a gambler walk into a bond market

  A vigilante and a gambler walk into a bond market. No, that’s not the start of a new joke, just the comical look of India’s fixed-income saloon nowadays. There’s no dearth of liquidity, but the bartender — the central bank — is having a tough time getting orders for the good stuff even by cajoling and threatening customers. At the ...

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• 28 March

  Merkel tried to govern like an AI but couldn’t

  German Chancellor Angela Merkel has been known to apologize publicly from time to time, both for what she considers her own mistakes and for government decisions that she feels are justified but that can make voters unhappy. The latest Merkel apology was special, though, because it came with an abrupt reversal of a decision Merkel had engineered in one of ...

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