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  Ajman / WAM The growth rate of the number of economic licences issued by the Department of Economic Development in Ajman (Ajman DED) during the 2021 reached 41 percent, while the number of establishments reached 27,913, and the Labour Resilience Index reached 17 percent. The efforts and initiatives launched by the Ajman DED during the 2021 have resulted in ...

  DUBAI / WAM The UAE Ministry of Culture and Youth has signed a Memorandum of Understanding (MoU) with the Ministry of Culture, Sports and Tourism of the Socialist Republic of Vietnam, for cooperation in culture encompassing antiquities, heritage, arts and libraries. The two countries have agreed to support cultural and creative industries and talented people, exchange knowledge, encourage a ...

  DUBAI / Gulf Time Reem Finance PJSC, a leading company offering financial services across the UAE, announced launching ‘Amala’ program, a unique service to finance hiring domestic workers. The program helps make domestic worker recruitment through Tadbeer centers more attractive. According to the company, this is the first personal finance service offered to the public, as Reem Finance has ...

  Bloomberg Germany and Austria came out strongly against the European Union proposal to classify some natural-gas and nuclear projects as sustainable investments, with both countries accusing the bloc of “greenwashing.” In Berlin, the Greens — who joined Germany’s new ruling coalition following September’s election — criticised the regulatory plan as damaging the credibility of the EU green rulebook, known ...

  Bloomberg In the days before Christmas, US officials in Boston unveiled insider trading charges against a Russian tech tycoon they had been pursuing for months. They accused Vladislav Klyushin, who’d been extradited from Switzerland on Dec. 18, of illegally making tens of millions of dollars trading on hacked corporate-earnings information. Yet as authorities laid out their securities fraud case, ...

  Bloomberg Sudanese Prime Minister Abdalla Hamdok resigned, saying that attempts to share power between the military and civilians had failed as deadly protests continued to rage against October’s coup. Without nationwide consensus on the way forward, the North African country risks sliding into chaos, Hamdok said in a televised address. His resignation, which had been expected for more than ...

  Bloomberg Germany’s Finance Minister Christian Lindner said the new government is working on tax relief measures of more than 30 billion euros ($34 billion). “In this legislative period, we will relieve people and medium-sized businesses by well over 30 billion euros,” he told German newspaper Bild am Sonntag. Planned measures include the ability to fully deduct contributions to pension ...

  Bloomberg Mario Draghi’s government has won lawmakers’ support for a 32 billion-euro ($36 billion) budget plan for 2022 aimed at supporting Italy’s growth. The bill was approved with a confidence vote in parliament in Rome, and will face a final formal vote. The spending plan — the first drafted by the executive led by the former European Central Bank ...

  Bloomberg The UK government will develop contingency plans to help companies and supply chains avoid disruptions from staff absences due to Covid-19, the Financial Times (FT) reported, citing the Cabinet Office. The government has identified a range of staff-support measures, including former teachers for schools and volunteers in the public sector, the newspaper said. It has asked private businesses ...

  Bloomberg Tesla Inc delivered 308,600 vehicles worldwide in the fourth quarter, smashing the previous record for the electric-car maker and setting a capstone on a year in which the company joined the exclusive $1 trillion market valuation club. The better-than-expected results posted Sunday pushed Tesla’s total sales for the year to more than 936,000, up about 87% over 2020’s ...