March, 2021

• 13 March

  CBUAE, Aurora50 join hands to enhance female representation

  

  Abu Dhabi / WAM The central bank of the UAE (CBUAE) has signed a Memorandum of Understanding (MoU) with Aurora50, a social enterprise focusing on achieving gender-balanced boardrooms in the UAE. The partnership will advance female representation on public and private sector boards consistent with international best practice through knowledge exchange and building a strong pipeline of female talent. The ...

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• 13 March

  US-UAE cooperation expands across verticals: Philip Frayne

  

  DUBAI / WAM Dubai Silicon Oasis Authority (DSOA), the regulatory body of Dubai Silicon Oasis (DSO), the integrated free zone technology park, welcomed the United States Consul General to Dubai, touring DSOA’s innovation centers for space, digital transformation, entrepreneurship, and technology, as well as the academic and technical centers of excellence. Dr Mohammed Al Zarooni, Vice Chairman and CEO of ...

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• 13 March

  Empty mantras will fail to protect Myanmar’s people

  

  So we’re back to “never again.” Again. Those two words are best-known in association with some historic events in past. Now many view them as an empty mantra, representing the international community’s vow not to repeat its failure in the 1990s to prevent the genocide in Rwanda, despite explicit warnings of the impending bloodshed, or the atrocities in the Balkans. ...

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• 13 March

  Vaccines can’t keep UK stocks exciting

  

  Investors have done well out of the UK reopening trade. The reversal in fortune for many domestically-focused stocks has been sharp. But the easy money has probably already been made. Since November 6, the last trading day before Pfizer Inc cheered the world with positive Covid vaccine results, UK stocks have performed strongly. The FTSE 250 index, traditionally seen as ...

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• 13 March

  Citi needs a strategy for Asian consumer banks

  Citigroup Inc’s new Chief Executive Jane Fraser is facing an Asia question handed down to her from predecessor Mike Corbat’s time: What to do about the consumer banks? Out of the 19 that Citi operates globally, 12 are in the Asia-Pacific region. When Corbat took over as CEO in 2012, the unit — which now also includes five smaller consumer ...

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• 13 March

  Trump actually has a point about RNC’s ads

  Former Republican president Donald Trump is trying to block the Republican National Committee from using his image in their fundraising efforts. He has no legal case: Trump is a public figure and can’t stop anyone from using his image in the course of political speech. But if you think of it in terms of US campaign finance customs rather than ...

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• 13 March

  Biden repeals Trump-era policy on caregivers for migrant kids

  

  Bloomberg The Biden administration is repealing a Trump-era policy on unaccompanied child migrants in order to encourage their family members in the US to take custody of them, even if the parents or guardians are not living in the country legally. Under a 2018 memorandum, Department of Health and Human Services’ Office of Refugee Resettlement was directed to ask Immigration ...

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• 13 March

  Hong Kong high court allows bail for 3 councilors

  

  Bloomberg Hong Kong’s High Court allowed three district councilors who were part of a group of 47 pan-democrats charged under the national security law to be released on bail on Saturday, while rejecting the appeal of two others. Tat Cheng, Michael Pang and Ricky Or were allowed to post bail but will have to give up travel documents, observe a ...

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• 13 March

  EU nations push to relax ban on travel from rest of world

  

  Bloomberg A group of European Union (EU) nations that count tourism as a significant industry is pushing for a relaxation of rules on traveling to the bloc from the rest of the world, according to diplomats. The EU imposed a blanket ban on non-essential travel from most countries last March in a bid to stem the spread of Covid-19. But ...

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• 13 March

  Spain approves $13b aid package to help indebted companies

  

  Bloomberg Spain’s government approved an 11 billion-euro ($13 billion) plan to help companies pay down debts accumulated during the pandemic, Economy Minister Nadia Calvino said. The package, which has three parts, will leave companies better poised for the economic recovery, Calvino told journalists during a televised news conference. The announcement is the latest example of how European governments are accelerating ...

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