UAE-South Korea bilateral trade grows 19% to $1.3b in Q1 2022

  JEJU / WAM The latest trend in UAE-South Korea bilateral trade shows the strong and resilient economic relations between the two countries, according to the UAE’s top diplomat in Seoul. “The UAE-South Korea non-oil bilateral trade has grown to $1.3 billion during the first quarter of 2022, a 19 percent increase compared to the same period last year,” Abdulla ...

Read More »

Government entities, tech firms innovate remote work solutions

  DUBAI / WAM The office of the Minister of State for Artificial intelligence, Digital Economy and Remote Work Applications organised the “Inspiring solutions to developing Remote Work Performance” workshop at the CodersHQ, one of the national programmes for Coders initiatives, aiming to share best practices on workload distribution by teams. The workshop discussed best practices in design effective mechanisms ...

Read More »

Dubai’s dhow trade sees 21% growth in H1, 2022

  DUBAI / WAM The Marine Agency for Wooden Dhows, established in July 2020 by Dubai’s Ports, Customs and Free Zone Corporation (PCFC), facilitated the entry of more than 6,000 wooden dhows during the first half of 2022, reflecting a 21 percent year-on-year growth. Two years after setting up the Marine Agency for Wooden Dhows, the emirate continues to witness ...

Read More »

DCT Abu Dhabi to support Abu Dhabi Air Expo 2022

  ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced an agreement to support the Abu Dhabi Air Expo for its next three editions by helping to attract sponsors and participants and providing added marketing value. The Abu Dhabi Air Expo fits into DCT Abu Dhabi’s strategy to further stimulate the ...

Read More »

Nafis signs 5 pacts to boost Emiratis integration in healthcare

  ABU DHABI / WAM Nafis, a federal programme that supports Emiratis in the private sector has signed five MoUs with higher educational institutions in the UAE to expand the involvement of Emiratis in the healthcare sector through NAFIS’ ‘National Healthcare Programme’ initiative, which has opened its doors for registration in the end of July 2022. The ‘National Healthcare Programme’ ...

Read More »

Truss faces four hurdles to spur growth in Britain

After the mourning period and state funeral for Queen Elizabeth II, the attention of the new Liz Truss government in the UK returns to how best to moderate cost-of-living pressures while seeking growth. The success of this approach, details of which will be made available in the next few days, is not assured. Much will depend on four economic and ...

Read More »

Should you pick online bank for savings?

You should reconsider the bank you use, at least for some of your savings. Chances are, if you’re a customer at one of the major retail banks, you’re leaving real money on the table. High-yield online savings accounts are finally starting to feel like they are in fact, high-yielding — or at least higher-yielding than they’ve been in recent years. ...

Read More »

Did the US shortchange investors $27 billion?

  Elon Musk’s bid to get out of buying Twitter Inc for about $44 billion goes to trial October 17 in Delaware. The same day, another multibillion-dollar lawsuit that zeroes in on good faith when parties sign contracts will be heard in US District Court in Washington. The investment firm Fairholme Funds Inc is leading a group that claims US ...

Read More »

Why Putin can’t tap fascism’s top resource

  The Bucha atrocities and more recent evidence of torture from the areas near Kharkiv recently retaken by the Ukrainian military create an impression of a Russian genocidal zeal — the kind exhibited by Nazi German troops in the territories they captured or, say, by Italian fascist troops in Ethiopia. Yet Vladimir Putin’s Ukraine adventure is such a flop precisely ...

Read More »

Amazon Air cargo flights grow at slowest pace since pandemic

  Bloomberg Amazon.com Inc’s cargo airline is growing at the slowest pace since the start of the pandemic, the latest sign that the e-commerce giant is adjusting to slackening demand. Amazon Air freighters averaged about 194 flights a day during a week earlier this month, up 3.8% from March, according to researchers with DePaul University’s Chaddick Institute for Metropolitan Development. ...

Read More »
Send this to a friend