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ABU DHABI / WAM His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, has approved a wide-ranging reform of the country’s legal system, which aims to strengthen economic, investment and commercial opportunities, in addition to maximising social stability, security and ensuring the rights of both individuals and institutions. The draft of new laws and legislative amendments came ...

DUBAI / WAM In a new global achievement for Dubai on the cultural front, the emirate has enhanced its ranking in the Global Power City Index (GPCI) 2021 issued by the Institute for Urban Strategies at the Mori Memorial Foundation in Japan. Dubai ranked first in the Arab world and fifth globally in the cultural interaction criterion that measures the ...

Dubai / WAM In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to provide the best government services worldwide, the UAE Government launched the UAE API Marketplace enabling the private sector to co-design, develop multi-channel digital services, and provide value-added innovative customer experience. ...

ABU DHABI /WAM Hub71, Abu Dhabi’s global tech ecosystem, and the Khalifa University of Science Technology signed a strategic partnership at Global Manufacturing and Industrialisation Summit (GMIS) to enable students and alumni to work alongside tech startups, opening the private sector and entrepreneurship door for their career paths. Signed by Badr Al-Olama, Acting Chief Executive Officer of Hub71 and Dr ...

Dubai / Emirates Business Etisalat on Saturday has made global strides in 5G by setting a benchmark right from the launch of the network to the services with its infrastructure ready to support all 5G devices and future solutions backed by the continuous investments in technology and innovation on the network enabling superior 5G connectivity. The continuous support and wise ...

Bloomberg Hondurans are voting on Sunday in presidential elections that may oust the scandal-hit ruling party and end the nation’s alliance with Taiwan. Xiomara Castro, the wife of a former president deposed in a coup, is leading in polls as she tries to end 12 years of rule by the conservative National Party. She spooked some investors by saying that ...

Bloomberg Euro-area business activity unexpectedly quickened, though the region’s recovery faces headwinds from a fresh wave of Covid-19 infections and “record inflationary pressures.” IHS Markit’s composite Purchasing Managers’ Index rises to 55.8 in November from 54.2 in October, according to a survey of purchasing managers by IHS Markit published. While that defies the median estimate in a survey of analysts ...

Bloomberg California’s ports of Los Angeles and Long Beach delayed charging fines on containers that sit on the docks for too long for a second time this month, arguing the threat alone is helping clear lingering boxes from space-constrained terminals. The plan to charge carriers at least $100 daily for each container waiting nine days or more for trucks to ...

Bloomberg The UK’s booming property market is headed for a slowdown as a squeeze on living standards and rising interest rates sap demand, according to Nationwide Building Society. The average price of a home rises 0.7% in October, the mortgage lender said, even after the ending of a temporary tax cut imposed by the government last year. Economists had expected ...

Bloomberg Quebec’s economic recovery has opened room for the government to dole out cash to dull the bite of inflation, help train workers for sought-after jobs and shore up the Canadian province’s bottom line. In a budget update in Quebec City, the government said it expects a deficit of $5.4 billion in current fiscal year, nearly half its March estimate. ...