Abu Dhabi / WAM Wizz Air Abu Dhabi, a national airline of the UAE, has announced its latest route to Baku, Azerbaijan starting August 14. The launch of the new route will see the airline now fly to 29 destinations. Azerbaijan is currently on Abu Dhabi’s green country list meaning that travellers will not be required to quarantine upon arrival ...
Read More »Expo 2020 will foresee future full of opportunities: Abdullah
Dubai / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, stressed that the Expo 2020 Dubai will be a global platform for foreseeing a future full of opportunities for generations to come. The UAE, which has a unique international developmental legacy established by the late Founding Father, Sheikh Zayed bin Sultan Al ...
Read More »Dewa completes nearly 85% of Al Aweer power project
Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed 84.52 percent of the 829 megawatts (MW) 4th phase of the H-Station power plant in Al Aweer with investments totalling AED1.1 billion. This phase will increase the station’s total capacity to 2,825MW under climate conditions of up to 50 degrees Celsius. The project is expected to be operational by ...
Read More »Global Village to open on October 26
DUBAI / WAM Global Village announced that its gates will re-open to the world on Tuesday, October 26, to operate over 167 days until April 10, 2022. Interested parties can register now as final touches are made to the Season 26 master plan. Prospective partners for kiosks and food carts have until 1st August 2021, to submit their concepts and ...
Read More »Adnic, Ajman Free Zone partner to provide health insurance scheme
ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), a leading regional multi-line insurance provider for both corporate and individual customers, has partnered with Ajman Free Zone (AFZ) to provide health insurance plans for registered investors and entities. The agreement was signed by Alya Al Tamimi, Vice President – Branches and Direct Sales of Adnic and Ali AlSuwaidi, Director-General ...
Read More »UAE announces decision to resume distribution of newspapers, magazines
Abu Dhabi / WAM The Media Regulatory Office of the Ministry of Culture and Youth on Wednesday announced a decision to resume the distribution of newspapers and magazines across the UAE’s public places, provided it is done in full compliance with precautionary and preventative measures regarding Covid-19. The decision follows a series of meetings held by the office with major ...
Read More »Dubai Chamber explores UAE food e-commerce dynamics
Dubai / WAM Dubai Chamber of Commerce and Industry’s international offices recently organised a webinar in cooperation with UAE homegrown marketplace on-demand delivery app InstaShop, which identified new business opportunities opening up within the UAE’s food e-commerce sector that companies in emerging markets can capitalise on. The webinar, titled Food E-commerce Awareness Webinar, attracted 84 participants from 33 countries, representing ...
Read More »China puts most powerful agency in charge of climate policies
Bloomberg China’s top economic planning body has been put in charge of devising a plan for the world’s biggest polluter to cut greenhouse gas emissions, indicating that climate policies are gaining a more central role in the nation’s long-term development strategy. The country’s top officials told the National Development and Reform Commission (NDRC) a few months ago to lead the ...
Read More »How Wall Street lost sight of Didi Global’s risks
Investors who recently bought into multi-billion-dollar Chinese tech listings in the US may have thought they’d be enjoying the riches of some of the most hotly anticipated IPOs of the year. Instead, they’re staring at headlines churn about Beijing-led regulatory probes and watching their gains vanish. It’s a glaring example that the types of risks once relegated to boilerplate language, ...
Read More »Is idea of a digital dollar just a fad?
Is the idea of a digital dollar just a fad — like the 1980s craze with parachute pants that became synonymous with Michael Jackson and MC Hammer? Randal Quarles, the Federal Reserve’s vice chair for supervision, recently used that very imagery to express his skepticism. He wasn’t trying to prejudge the monetary authority’s thinking, which will soon be outlined in ...
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