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Dubai / WAM China Export and Credit Insurance Corporation, SINOSURE, has opened it regional office at the Dubai International Financial Centre (DIFC), the first in the Middle East. Sinosure is a state-funded and policy-oriented insurance company established to promote China’s foreign economic, trade development and cooperation on a non-profit basis. It had accumulatively supported more than $5.3 trillion of domestic ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has announced paperless transformation in issuing vehicles services related certificates. RTA will discontinue printing 15 types of service certificates relating to vehicle services from all affiliated service providers and will issue and dispatch them via electronic channels (text messages and e-mails). “We migrated the printing of 15 certificates relating to vehicle ...

Ras Al Khaimah / WAM Ras Al Khaimah Tourism Development Authority (RAK TDA) on Sunday announced a strategic, high-impact investment programme that will position the emirate as one of the most preferred destinations for tourism and investments in affordable luxury. Endorsed by the government of Ras Al Khaimah, the new initiative, SelectRAK, is rolled out in partnership with Arton Capital, ...

ABU DHABI / WAM The UAE participated in the G20 Finance Track’s second Global Partnership for Financial Inclusion (GPFI) meeting, which took place virtually. The meeting discussed the Covid-19 repercussions on remittances, future developments and possible solutions to existing challenges for cross-border payments and remittances, digital financial solutions to promote resilience and financial literacy, and Micro, Small & Medium Enterprises ...

Dubai / WAM Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, in association with the American University in Dubai (AUD), has added a new business incubator to its expanding network of certified business incubators and accelerators. The new incubator at AUD embodies the vision laid down in the 50 Year Charter ...

ABU DHABI / WAM International Holding Company (IHC) subsidiary, Alpha Dhabi Holding PJSC (Alpha Dhabi), one of the fast-growing investments holding companies in the Middle East, and a leading real estate and construction companies in the UAE, has completed a direct listing of the company on the Abu Dhabi Securities Exchange (ADX). Trading of its shares commenced on Sunday under ...

As the European Union’s leaders gather in Brussels to take stock of the bloc’s response to the Covid-19 pandemic, the feel-good narrative is gathering steam. The shambolic start to vaccine distribution is a distant memory, with about half the EU’s population having received at least one dose. Cafes, restaurants and retailers are filling up again in Paris, Berlin and Rome ...

How will we know if inflation is making a comeback? Most economists are focused on the price of commodities, wages, and other basic goods and services. But history suggests they might want to keep an eye on a related phenomenon that often escapes notice: so-called “shrinkflation.” This practice became increasingly common in the 1960s and 1970s, when manufacturers confronting runaway ...

A company’s reputation is to all intents largely perception — but to get it to a better place, the reality has to be somewhat altered. No major bank’s reputation this year has suffered more this year than Credit Suisse Group AG. Incoming chair Antonio Horta-Osorio is tasked with restoring the Swiss institution to its former poise. But he doesn’t actually ...

A Black ex-cop who takes a strident tone against rising gun violence is likely to be the next mayor of New York City. As unlikely as this may seem to outsiders, especially after a year of protests over police killings of Black men, the success of Eric Adams should not come as a surprise. That’s because Black voters in the ...