December, 2020

• 28 December

  ADGM completes 2020 with notable achievements, growth

  

  ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the award-winning international financial centre, marked a record year of growth in 2020, with significant achievements across core areas of fintech, regulation, sustainable finance and arbitration. Despite the impact of the Covid-19 pandemic, ADGM continued to post steady growth across its three authorities, the ADGM Financial Services Regulatory Authority (FSRA), the ...

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• 28 December

  Fifth Hatta Honey Festival opens

  

  DUBAI / WAM The 5th Hatta Honey Festival was opened at Hatta Hall on Sunday. The week-long festival will last until January 2, 2021. The various activities of the festival provide an opportunity for the public to learn about the types of honey and ways to distinguish between them, as the products on display include a variety of honey. Some ...

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• 28 December

  Covid-19: UAE reports 1,265 new recoveries

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 152,146 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 944 new coronavirus cases, bringing the total number of recorded cases in the UAE to 201,836. The ministry also noted that an ...

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• 28 December

  Dewa’s sustainability projects attract global awards

  

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) runs its projects according to the highest international standards as it works to become a globally leading sustainable innovative corporation. It also considers achieving the environmental, social and economic aspects of sustainability. “Dewa is committed to providing safe, sustainable, and reliable electricity and water supplies. This is being done by increasing ...

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• 28 December

  Abu Dhabi marks tourism milestones in Chinese market

  

  Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) hosted its first ever virtual roadshow in China, connecting more than 100 Chinese tour operators and travel agencies with 37 of its partners and stakeholders, including Destination Management Companies (DMCs) from across the emirate, representatives from Etihad Airways, Yas island, and emirate’s hotels and ...

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• 28 December

  UAEU research team extracts date seed oil to make biofuels

  

  AL AIN / WAM A research team from the United Arab Emirates University (UAEU) was able to accomplish a qualitative research project to extract the largest possible quantity of date seeds’ oils for the biofuel industry. The project was completed within two years at a cost of one million dirhams, and it is published in top ranked journals. Commenting on ...

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• 28 December

  Macron, Merkel get the least bad Brexit option

  

  The defining image of Britain’s Christmas Eve trade deal with the European Union was a beaming Boris Johnson with his thumbs up in the air. There were no celebratory pictures from any of his continental counterparts. Getting to this point is a win in itself for the UK. An end to Brexit’s drama should let the Brits reenter a more ...

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• 28 December

  How can tech giants top 2020?

  

  For four of the biggest US technology companies — Amazon.com Inc, Apple Inc, Facebook Inc and Google parent Alphabet Inc. — 2020 was one for the books. During a year when the global pandemic put many companies out of business, these market leaders thrived, raking in profits that sent their stock prices soaring and left them more powerful and valuable ...

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• 28 December

  China wants to clip the wings of Alibaba empire

  Should Chinese regulators determine Jack Ma’s Alibaba Group Holding Ltd to be a monopoly, they ought to look directly to Beijing for an explanation as to how it happened. China announced an investigation into alleged monopolistic practices at the Hangzhou-based e-commerce giant. Ant Group Co is also in the crosshairs, as the central bank and the banking watchdog will separately ...

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• 28 December

  Does the US economy run on immigration?

  The US economy runs on immigration. Immigrants support crucial industries, pay huge amounts in taxes, take care of children and the elderly, sustain American innovation and — perhaps most importantly — make the country a more attractive destination for multinational investment. Over the past few years, President Donald Trump, the Covid-19 pandemic and the end of the big Mexican migration ...

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