Abu Dhabi / WAM Under the directives of the Supreme Council for Financial and Economic Affairs, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and member of the board of Abu Dhabi Supreme Council for Financial and Economic Affairs, has launched the Abu Dhabi ...
Read More »UAE is the country of choice for Arab youth for 10th straight year
ABU DHABI / WAM Arab youth have named the UAE as the country in the world they would most like to live in and the one they would most like their own nation to emulate for the 10th straight year. This is one of the main findings of the 13th Annual ASDA’A BCW Arab Youth Survey released on Tuesday. This ...
Read More »Enoc opens new service station in Dubai South
Dubai / WAM Enoc Group has announced the opening of a new service station in Dubai South, an urban master development focused on the aviation and logistics ecosystem, in close proximity to the Expo 2020 Dubai site. This takes the total number of Enoc service stations to 156 across the UAE. The new service station will cater to residents and ...
Read More »Zayed University, EDB join hands to boost UAE’s higher education system
Dubai / WAM Zayed University (ZU) has signed a Memorandum of Understanding (MoU) with Emirates Development Bank (EDB) to empower the new generation of leaders through a unique model of problem-solving academia, where students are equipped with cross-disciplinary skills that are relevant in today’s fast-paced job market. The MoU was signed by Saeed Al Dhaheri, University Council Board Member, Zayed ...
Read More »India’s privatisation win comes two decades late
Drop in at Air India Ltd’s Mumbai office in early 2001, and you might have come across an elderly, white-jacketed man winding up the clock. With 17,400 employees and just 24 planes — three times the staffing level at major US airlines — silly tasks like timekeeping in the headquarters had become someone’s job description. Still, optimism was in the ...
Read More »Is China the AI juggernaut West fears
The opening scene of a brief online documentary by Chinese state-run media channel CGTN shows jaywalkers in Shenzhen getting captured on video, identified and then shamed publicly in real time. The report is supposed to highlight the country’s prowess in artificial intelligence, yet it reveals a lesser-known truth: China’s AI isn’t so much a tool of world domination as a ...
Read More »European Union must answer Poland’s query
By going officially and formally rogue, Poland may unwittingly have done the European Union a favour. In blatantly challenging the bloc’s legal authority, Warsaw is forcing the EU to decide whether it wants to become the “ever closer union†it claims to be, or to remain the malleable club of nations it actually is. Union or club — either way ...
Read More »BOE risks hiking too far ahead of the Fed
That was one sharp hawkish volte-face from the Bank of England (BOE). Over the weekend, three Monetary Policy Committee (MPC) members, including Governor Andrew Bailey, made clear that they are ready to raise rates sooner rather than later. The UK government bond market really doesn’t like it. Gilts, which UK Treasury bonds are called, have been the worst-performing major fixed-income ...
Read More »North Korea shows expanding array of missiles to hit US
Bloomberg Kim Jong Un showed off his increasingly varied arsenal of missiles designed to frustrate US defense systems, in a rare display that appeared to be the North Korean leader’s latest effort to break a diplomatic stalemate over his nuclear program. Blaming the US for “creating regional tension with wrong decisions and action,†Kim vowed at a defense forum to ...
Read More »EU unveils $1.15bn support package to counter Afghan crisis
Bloomberg Ursula von der Leyen, head of the European Commission, on Tuesday announced an expanded support package to Afghanistan worth about $1.15 billion to try and contain a spiraling humanitarian crisis. The package combines European Union aid “with the delivery of targeted support on basic needs in direct benefit of the Afghan people and neighbouring countries,†von der Leyen said ...
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