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UAE highlights crucial role of global partnerships in future of work

DUBAI / WAM The UAE highlighted the significance of complying with international work standards and developing partnerships that empower countries to overcome the future challenges of the labour markets across the globe and their ever-changing landscape, stressing that it is critical to guaranteeing the rights of employers and employees alike. Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, ...

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Abu Dhabi’s EAD gets LEED certificate for green buildings

  ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) announced on Monday that it was awarded the Leadership in Energy and Environmental Design (LEED) for Operations and Maintenance (O+M) version 4.1 Certificate by the US Green Building Council (USGBC), the most widely used green buildings classification system globally. The award was given in recognition of EAD’s outstanding ...

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SoftBank-backed Oyo seeks to resurrect IPO over growth

  Bloomberg Oyo Hotels, the once high-flying Indian startup, is reviving plans for a stock-market debut after cost cuts and a recovery in travel helped it reduce losses. The hotel-booking company filed fresh financial documents and is now targeting an initial public offering in early 2023 provided that India’s stock market continues to hold up and economic conditions improve, according ...

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Adani’s rise to world’s second-richest boosts Indian equities’ clout

  Bloomberg Indian billionaire Gautam Adani’s ascent to rank as the world’s second-richest person has helped fuel a world-beating jump in the nation’s stocks and bolstered their clout among emerging-market equities. Eight firms controlled by Adani’s ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index’s surge since end-June, data compiled by ...

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Korea’s exports of key memory chip plummet as demand chills

  Bloomberg South Korea’s exports of its most lucrative memory chip fell by the most since 2019, indicating a deepening slump in technology demand central to global economic growth. Shipments of dynamic random access memory fell 24.7% from a year earlier in August, compared with a 7% decline in the previous month, according to data released by the trade ministry. ...

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China’s provinces suffer major fiscal hit from Covid zero

Bloomberg China’s doubling down on its zero-tolerance stance towards Covid-19 is draining local-government coffers, posing a fresh threat to the economy and bond investors. Jilin province, in the northeast of the country, has warned of “increasingly outstanding conflicts” between spending and income. Finances at almost half of its 60 county and district level governments are so tight they are exposed ...

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Royals, world leaders attend Queen’s funeral

Bloomberg The evocative bugle call of the “Last Post” echoed around a hushed Westminster Abbey as Queen Elizabeth II’s state funeral drew to a close— a poignant mark of remembrance and gratitude for the UK’s longest-serving monarch. After four extraordinary days in which hundreds of thousands of people queued for miles to pay tribute to the Queen at her lying-in-state ...

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SCCI seeks to boost public-private partnerships, draw investments

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has made a number of recommendations to strengthen the emirate’s public-private partnerships (PPPs), following the Cabinet’s recently approved decision to issue a federal law regulating partnerships between the federal authorities and the private sector in the UAE. During its regular meeting held at the SCCI’s headquarters, the board ...

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IGCF explores role of govt communication in crisis management

  SHARJAH / WAM Two key discussions highlighting the essential role of strategic government communications in transforming crisis into opportunity and encouraging youth to invest in tech-driven ventures to successfully seize the myriad prospects presented by the Fourth Industrial Revolution (4IR) will be staged at the 11th annual International Government Communication Forum (IGCF 2022), which unveils in less than two ...

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UAE, Uruguay discuss ways of boosting parliamentary ties

  MONTEVIDEO / WAM Saqr Ghobash, Speaker of the UAE Federal National Council (FNC), and Pablo Lanz, Chairman of the International Relations Committee of the Senate of Eastern Uruguay, discussed enhancing parliamentary relations and stressed the importance of joint cooperation and coordination regarding international issues of common interest. Saqr Ghobash is leading a parliamentary delegation on an official visit to ...

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