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Sharjah Islamic Bank launches ‘Joud’ prepaid card

Sharjah / WAM Sharjah Islamic Bank launched the “Joud” prepaid card in cooperation with the Sharjah Charity International, which enjoys a list of qualitative benefits and added value aimed at digitizing the process of transferring funds and monthly financial aid from the association to about 1,300 needy families. The cards are aimed at making it easier for those in need ...

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Indonesia’s protests reignite over controversial labour law

Bloomberg Student groups across Indonesia resumed protests against a landmark labour law passed earlier this month that opponents say will erode workers’ rights and dismantle environmental protections. The renewed protests come after police detained thousands of people last week as demonstrators in Jakarta clashed with officers, hurling rocks and bottles and setting alight bus shelters. Labour unions plan to challenge ...

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EU’s first social bonds prove magnet for record $275bn

Bloomberg The European Union’s (EU) first offering of social bonds was said to receive orders of more than 233 billion euros ($275 billion), a record in the euro area. The bloc looks set to raise 10 billion euros from the sale of 10-year debt via banks, according to a person familiar with the matter. That alone drew orders above 145 ...

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EU may shut door to travel from Canada

Bloomberg The European Union (EU) plans to remove Canada, Tunisia and Georgia from its list of countries whose residents should be allowed to visit the bloc amid the coronavirus pandemic, according to EU officials familiar with the matter. The EU intends at the same time to reopen its doors to travellers from Singapore as a result of improved virus trends ...

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Ireland moves back to lockdown as Europe seeks to defeat virus

Bloomberg Ireland imposed some of the most severe pandemic restrictions in Europe as countries across the region battle to overcome the virus. Non-essential stores and restaurants will be forced to close for at least six weeks, Prime Minister Micheal Martin said. Travel will be further restricted, with people told to stay within 5 kilometers (3.1 miles) of their home. Countries ...

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Finance job vacancies in London fall 54% year-on-year

Bloomberg Job vacancies in London’s finance industry slumped 54% in the third quarter compared to 2019 as uncertainty around coronavirus, Brexit and bank profits discouraged hiring. City firms were advertising 3,810 roles in the three months through September, according to data from recruitment firm Morgan McKinley. While this is a fraction of the opportunities available in previous years, the total ...

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Hub71 boosts collaboration with Saudi’s Digital Innovation Centre

Abu Dhabi / WAM Hub71 and the Saudi Ministry of Communications and Information Technology’s (MCIT) Digital Innovation Centre struck a new strategic partnership to increase collaboration that drives digital innovation and tech entrepreneurship between the UAE and Saudi Arabia. The three-year agreement aims to foster international knowledge exchange and talent growth in the UAE and Saudi Arabia, in addition to ...

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Qasr Al Watan to reopen its doors to visitors today

ABU DHABI / WAM Qasr Al Watan ”Al Watan Palace” is set to re-open its doors to the public on October 20. The Palace offers access to the public wishing to embark on the journey of a nation, an experience unlike any other. The long-anticipated reopening will include the implementation of strict precautionary measures for the safety of guests during ...

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Enoc opens two marine service stations in Dubai

DUBAI / WAM Enoc group opened a new marine station in Umm Suqeim, and will open a second station at Dubai Harbour, an integrated lifestyle development set by the Arabian Gulf, in November, marking Enoc’s sixth marine station in the UAE. Speaking on the occasion, Saif Humaid Al Falasi, Group CEO of Enoc, said, “Dubai has a vibrant marine transportation ...

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Dubai participates in ‘initiative’ for carbon-free future

DUBAI / WAM Abdulla Mohammed Al Basti, Secretary-General of the Executive Council of Dubai, and Vice Chairman of the Steering Committee of the C40 Cities Network for South and West Asia, confirmed that the Emirate of Dubai has made significant progress within the areas of sustainable development, clean energy, and green economy, in line with the vision of His Highness ...

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