March, 2021

• 9 March

  Sawab Centre launches new campaign ‘Africa against extremism’

  

  ABU DHABI / WAM As part of its efforts to combat extremist ideologies via the internet and promote positive alternatives, the Sawab Centre is launching a new campaign under the hashtag #AfricaAgainstExtremism. The messaging campaign will run from March 7-12 in Arabic, English and French on Sawab’s social media platforms Twitter, Facebook, Instagram, and YouTube. The UAE and the United ...

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• 9 March

  KU ranks 214 globally in ‘engineering, technology’

  

  ABU DHABI / WAM Khalifa University (KU) of Science and Technology on Monday announced it has risen 67 places to be ranked 214th globally in the “Engineering and Technology” category, in the UAE and in six subjects in the most recent 2021 QS (Quacquarelli Symonds) World University Rankings by Subject. The milestone achievement comes as Khalifa University has been ranked ...

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• 9 March

  DHA’s webinar highlights health benefits of reading

  

  DUBAI / WAM The Dubai Health Authority (DHA) on Monday organised a virtual seminar on “The Role of Reading to Serve the Scientific Research and Scholars for the future”, with the participation of a group of representatives from universities in the UAE, as part of the “Month of Reading”, which takes place in the UAE in March every year. The ...

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• 9 March

  Watania Takaful earns AED18.4mn net profit in 2020

  

  Abu Dhabi / Emirates Business National Takaful Company (Watania) announced a net profit of AED18.4 million in 2020, compared to a profit of AED13.1 million in 2019, with a growth rate of 40%, while the ROE for the year 2020 increased by 20%, being one of the highest rates in UAE insurance market, noting that over 75% of it came ...

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• 9 March

  China’s carbon market to grow to $25 billion by 2030, Citi says

  

  Bloomberg The size of China’s carbon market will expand more than 30-fold over the next decade as it covers more industries and polluting becomes more expensive, according to Citigroup Inc. The market’s physical turnover will rise from about $800 million this year, its first in operation, to around $25 billion by the end of the decade, analysts including Tracy Liao ...

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• 9 March

  European gasoline diverted to Texas to ease supply crunch

  

  Bloomberg Five gasoline tankers that were enroute to the US East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s refineries. Major refineries along Gulf Coast, the nation’s refining hub, shut gasoline units during the February deep freeze and power failures. Operators have gradually begun resuming production since the ...

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• 8 March

  Post-Brexit finance fight puts everyone at risk

  

  The post-Brexit war over financial services — and to what degree Europe can lure business away from the City of London — is far from over. The latest battle is derivatives clearing. But compromise is possible and would serve everyone best. Set up in the aftermath of the global financial crisis, central counterparty clearing houses (CCPs) act as middlemen between ...

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• 8 March

  Would the future of money be digital?

  

  The idea that much of today’s cash use will shift to digital tokens is neither faddish nor outlandish, as long as you don’t start equating the future of money with Bitcoin. Sure, governments will borrow some elements of the distributed ledger technology behind private cryptocurrencies, but they will very much want to retain control of what circulates as money in ...

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• 8 March

  What you don’t recall about the taper tantrum

  The jump in global bond yields this past month has drawn many analogies to the so-called taper tantrum of 2013, a market upheaval triggered by comments from then-Federal Reserve Chair Ben Bernanke about gradually reeling back quantitative easing. Unfortunately, these references don’t accurately capture that pivotal episode, or the circumstances around it. Without fully understanding what unfolded almost a decade ...

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• 8 March

  Joe Biden should press harder on Nord Stream 2

  The Biden administration has opted for now not to impose new sanctions on Nord Stream 2, the pipeline that will double the amount of natural gas Russia transports directly to Europe. For the time being, the decision allows the US to avoid a confrontation with Germany, the project’s main supporter. It also risks inflaming Congress and handing a geopolitical victory ...

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