UAE central bank identifies new Covid-19 financial sector risks

Abu Dhabi / WAM The central bank of the UAE (CBUAE) has published the ‘Typologies in the Financial Sector’ report, produced by the Supervisory Authorities Sub-Committee, which is chaired by CBUAE. The Supervisory Authorities Sub-Committee includes Abu Dhabi Global Market and Dubai Financial Services Authority, the Executive Office for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), and the ...

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Zayed University moves up in world university rankings

Abu Dhabi / WAM Zayed University has moved up in the 2022 Times Higher Education (THE) World University Rankings to 601-800 from the 801-1000 band in 2021. The (THE) rankings, which are an annual ranking of higher education institutions globally, are released on an annual basis, providing insightful information to academic industries around the globe, based on the achievement scores ...

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UAE sees 505 new recoveries from Covid-19

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 368,242 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

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Mai Dubai unveils fastest bottled water production line in region

Dubai / WAM Mai Dubai, a bottled water company fully owned by Dubai Electricity and Water Authority (Dewa), has made a landmark milestone with the launch of the fastest bottled water production line in Asia, Oceania, and Africa (AOA) region. Saeed Mohammed Al Tayer, MD and CEO of Dewa, inaugurated Mai Dubai’s water line, which was completed in collaboration with ...

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New recreational park for labourers opens in Sharjah

SHARJAH / WAM A new recreational labour park has been opened in Al Sajaa Industrial area of Sharjah. The project is in implementation of the development plan aimed at providing integrated services to achieve comfort and happiness in the community, and in line with the directives of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler ...

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Ministry approves 34 slaughterhouses for export to UAE

Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE) on Sunday announced that since the beginning of 2021 it has accredited 34 new slaughterhouses to export red and white meat, as well as chilled and frozen meat products, to the UAE. This increases the total number of accredited slaughterhouses outside the country to 186. Moreover, to guarantee the ...

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History says the Taliban can’t rule Afghanistan!

The world reads current reports from Afghanistan with revulsion: the Taliban’s revenge against supporters of the former government and Western forces, bloody chaos at the Kabul airport, and renewed repression of women. Yet it is also plain that the victorious extremists themselves are daunted by the challenge of assuming administrative responsibility for a nation that is bankrupt without Western financial ...

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Musk soars, Bezos sues in space race

Space races are supposed to be won in engineering labs or up in orbit. Thanks to Jeff Bezos, the next one might be won in a courtroom or regulator’s office. As Bezos’s companies fall behind Elon Musk’s SpaceX in the race to return humans to the moon and launch satellite-based broadband services, they’re increasingly resorting to politics and legal filings ...

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Does inflation need to be unprecedented?

Leaders of the top US industrial companies gathered virtually for the annual Morgan Stanley Laguna conference. Unsurprisingly, much of the discussion centered around the rising cost of raw materials, labor and logistics and the increasingly difficult challenge of getting enough supply to keep up with demand. “The inflation is unprecedented,” 3M Co Chief Financial Officer Monish Patolawala said at the ...

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Europe is running low on gas as winter sets in

Europe has an energy problem, and it could get worse once winter grips the continent. Gas and electricity prices are soaring, windmills are standing idle for lack of wind and shuttered coal-fired power plants are being brought back into use. There are even suggestions to use diesel generators for private generation. But oil isn’t the solution to the continent’s energy ...

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