December, 2020

• 10 December

  flydubai starts flights to Grozny

  DUBAI / WAM flydubai on Wednesday announced the start of flights to Grozny, the capital of Chechnya in Russia, making it the first carrier to offer direct flights on this route from the UAE. Flights between Dubai International (DXB) and Grozny Airport (GRV) will operate twice weekly starting from December 7, 2020. flydubai has been operating flights to Russia since ...

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• 10 December

  UAE’s EDGE ranks among world’s top 25 military firms

  

  ABU DHABI / WAM Marking its first year, EDGE, the UAE’s advanced technology group for defence and beyond, was ranked among the top 25 military suppliers in the world by the Stockholm International Peace Research Institute (SIPRI), a think tank that specialises in data analysis of military expenditure and arms trade among other peace and security related matters. With this ...

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• 10 December

  Louvre Abu Dhabi inks pact with Accenture

  

  Abu Dhabi / WAM Louvre Abu Dhabi has signed a one-year agreement with Accenture to help deliver its ambitious digital programme. The global professional services company with leading capabilities across more than 40 industries, including major international museums, will support Louvre Abu Dhabi in the transformation and integration of the museum’s digital ecosystem. This includes the development and implementation of ...

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• 10 December

  Abu Dhabi to resume all activities within two weeks

  

  Abu Dhabi / WAM The Abu Dhabi Emergency, Crisis and Disasters Committee for the Covid-19 Pandemic has announced that it has started working with all concerned and relevant authorities to fully resume economic, tourism, cultural and entertainment activities in the emirate within two weeks. This decision comes after the success of efforts made to maintain a low percentage of confirmed ...

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• 10 December

  Global Knowledge Index launched

  DUBAI / WAM The United Nations Development Programme (UNDP) and the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) unveiled the 2020 results of the Global Knowledge Index (GKI) during the press conference that took place in Dubai and streamed globally. The UAE’s results in the Global Knowledge Index 2020 reflect the determination and efforts of experts, decision makers, and ...

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• 10 December

  Central Bank of UAE marks 40 years of achievement

  

  ABU DHABI / WAM December 10 marks the 40th anniversary of the Central Bank of UAE’s (CBUAE) establishment, replacing the UAE Currency Board, as per the Union Law No (10) of 1980. The UAE’s economic and financial journey spans more than 47 years, starting in 1973 when the UAE Currency Board was established and mandated with issuing the UAE dirham, ...

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• 10 December

  UAE among top 5 most connected countries globally

  

  DUBAI / WAM The UAE has emerged as one of the top five most globally connected countries in the world according to the DHL Global Connectedness Index 2020 released on Wednesday. Now in its seventh edition, the report compiled in collaboration with DHL and the NYU Stern School of Business provides a comprehensive assessment of globalisation during the Covid-19 pandemic. ...

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• 10 December

  Joe Biden vowed to restore standards. It won’t be easy

  

  Of all the nominees President-elect Joe Biden has so far put forward, Neera Tanden is the one most likely to lose a confirmation battle. She has harshly attacked some Republican senators whose votes she may now need to become the head of the Office of Management and Budget. After the Senate voted to put Brett Kavanaugh on the Supreme Court, ...

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• 10 December

  Jobs data was ‘perfect miss’ for Fed

  

  “Perfect miss.” That was the first reaction to the November jobs report I saw on Twitter. And it turned out to be exactly right in the eyes of the $20.4 trillion US Treasury market. The benchmark 10-year yield extended its climb, increasing 6 basis points on the session to 0.97%, breaking through to its highest level since March. Certainly, the ...

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• 10 December

  Europe’s bankers aren’t ready for marriage now

  After a year-long pause, the euro zone seems ready to resume talks over the completion of a “banking union”. The project — which includes creating a single deposit insurance scheme for all the bloc’s lenders — would go a long way towards boosting the resilience of Europe’s financial system. For all the good intentions, however, the zeitgeist in the monetary ...

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