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Dubai / WAM Dubai International Financial Centre (DIFC) welcomed global payment technology provider Adyen, a company that has a market capitalisation of €66.4 billion and processed over €303.6 billion worth of transactions in 2020. Dutch firm Adyen announced their expansion into the Middle East in November 2020. The company selected the DIFC as the location for its regional headquarters, due ...

DUBAI / WAM Digital connectivity and the changing nature of travel and tourism in the reality of the pandemic were just some of the key themes explored by travel experts, international participants and Official Partners, including Emirates and Etisalat, as Expo 2020 Dubai continued its pre-event programme. Covering key sectors such as mobility, transport and logistics, governance, education and travel, ...

Bloomberg Several UK utilities are lining up to support changes to how households are taxed in Britain for their energy use. In an effort to make electricity cheaper for charging cars and heating homes, the Prime Minister Boris Johnson’s government is considering moving some levies away from power to gas bills. It’s a move that could kick-start the mammoth task ...

Bloomberg President Joe Biden said the racial strife that’s gripped the US since George Floyd’s death is an opportunity to make significant strides toward addressing inequity, likening the era to the civil rights movement of the 1960s. “We have a chance now, a chance now, to make significant change in racial disparities,” Biden said at a CNN town hall event ...

Abu Dhabi / WAM EPI, the precision engineering backbone of the UAE’s aerospace and defence industry, on Tuesday announced that it is joining forces with the Mohammed Bin Rashid Space Centre (MBRSC), home to the UAE National Space Programme, to manufacture key components for its new satellite project MBZ-SAT. The six-month-long project will see EPI producing 147 machined parts for ...

Abu Dhabi / WAM Noura Al Suwaidi, Secretary-General of Women’s Union (GWU), stressed that HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF) the “Mother of the Nation,” is exerting all possible efforts to support and empower women around ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 193,163 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding scope of testing nationwide to facilitate early detection of coronavirus cases and carry out necessary treatment. As part ...

Bloomberg Singapore reaffirmed its forecast for a rebound in economic growth this year after its worst annual contraction since independence, signalling the recovery is on track while more stimulus expected in this week’s annual budget presentation will provide further support. The Ministry of Trade & Industry (MTI) maintained its projection for growth in a range of 4% to 6% for ...

Bloomberg Japan incentivising its companies to shift manufacturing facilities out of China and adding Bangladesh to a list of preferred destinations for relocating the factories may give the South Asian nation’s economy a boost. “As the pandemic started in China, Japanese companies needed to diversify” their supply chains further, Naoki Ito, the Japanese ambassador to Bangladesh, said in an interview. ...

Bloomberg Myanmar’s junta again defended its move to oust civilian government in the face of nationwide protests, dismissing the impact of US sanctions while showing no signs of a compromise with demonstrators. Brigadier-General Zaw Min Tun, the lead spokesman for the State Administration Council, said on Tuesday the military’s actions were in line with the 2008 constitution and “not a ...