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UAE University signs deal with Burjeel, VPS Healthcare

Al AIN / WAM The College of Medicine and Health Sciences in United Arab Emirates University (UAEU), and Burjeel Hospital & VPS Healthcare, will cooperate to develop updated evidence-based medical education programmes, following the signing of a Memorandum of Understanding (MoU). Zaki Nusseibeh, Cultural Advisor to HH the President of UAE, Chancellor of the UAEU, witnessed the signing ceremony between ...

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World Bank sees $6b wasted on plastics in Southeast Asia

Bloomberg Southeast Asian countries lose out on as much as $6 billion a year as most of their single-use plastics are thrown out rather than recovered and recycled, the World Bank said in a new study. More than 75% of recyclable plastics in Malaysia, Thailand and the Philippines are left to waste, representing a “significant untapped business opportunity” in the ...

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India’s government considers to resume fresh bankruptcy filings

Bloomberg India’s government is considering resuming fresh bankruptcy filings after the current suspension expires on March 25, people with knowledge of the matter said. The lifting of the halt would come even as a resurgence in virus cases threatens the nascent economic recovery. It could spark a wave of new insolvencies, pent up from last year when businesses were hurt ...

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Chip shortage turns repair of Japan factory into national effort

Bloomberg Japan’s government and businesses are racing to bring a fire-damaged automotive chip plant back online, underscoring how important the component has become in a supply chain already under strain because of booming demand for semiconductors. The Ministry of Economy, Trade and Industry is mobilising to help Renesas Electronics Corp., one of the top providers of chips used in car ...

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N Korea fires cruise missiles in first such test since July

Bloomberg North Korea fired off a pair of cruise missiles on the heels of an Asian trip by top US officials, putting a fresh spotlight on Biden administration deliberations over how to resolve a key security dilemma. The two missiles were fired from South Pyongan province and flew over the sea between the peninsula and China, the South Korean Defense ...

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UK underestimating cost to make homes climate-friendly

Bloomberg The UK government has “significantly underestimated” how much it will cost to decarbonise heating in British homes, a touchstone of its net zero promise. The simple step of insulating Britain’s drafty homes is essential before gas boilers can be replaced with low carbon technology like heat pumps. The cost of improving energy efficiency could be as much as 18,000 ...

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EU racks up another $100bn order for prized social bonds

Bloomberg The European Union (EU) took advantage of high demand for its social bonds to accelerate funding for a regional jobs program. The bloc pulled in above 96.5 billion euros of orders for a 13-billion-euro offering of five-year and 25-year notes. This syndication is the second in March and will mean the EU is three-quarters of the way through funding ...

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Merkel’s cabinet okays plans to ramp up German borrowing

Bloomberg German Chancellor Angela Merkel’s cabinet approved the government’s budget plans for this year and next, including an extra 60 billion euros ($71 billion) in net debt for 2021 to help offset the impact of the coronavirus. The additional borrowing this year takes the total to more than 240 billion euros, as Germany spends freely to support businesses affected by ...

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Dubai is one of the safest cities in world

Dubai / WAM Dubai managed to place itself within the top 10 or 20 cities globally in more than 100 indicators related to safety and security in several internationally renowned competitiveness reports, according to a policy brief released by the Dubai Competitiveness Office in Dubai Economy. The policy brief, titled ‘Safety and Security Competitiveness in Dubai: Why Dubai is ranked ...

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EZDubai attracts UDA Express to expand its presence in Mena

DUBAI / WAM EZDubai, a fully dedicated e-commerce free zone strategically located in the heart of Dubai South’s Logistics District, has welcomed UDA Express, one of the largest express companies in China, that will be expanding its operations in the region by benefitting from EZDubai’s e-commerce, logistics facilities, bespoke business solutions, and reach to the high-growth markets of the Middle ...

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