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Dubai / WAM Etihad Credit Insurance (ECI) and African Trade Insurance Agency (ATI) have agreed to strengthen the trade relations between the UAE and Africa by providing trade finance solutions to businesses and exporters in both areas. To that end, both sides signed a Memorandum of Understanding (MoU) to boost the global competitiveness of exporters by increasing their awareness on ...

Dubai / WAM E-commerce sales in Dubai are projected to jump 23 percent to reach $27 billion in 2022, driven by the Covid19-led digital shift and changing consumer demands, which are levelling the playing field, Hamad Buamim, President and CEO of Dubai Chamber of Commerce and Industry, said during his opening remarks at The Retail Summit 2021. The forecast, based ...

DUBAI / WAM flydubai, the Dubai-based airline, has announced the start of flights to Tirana, the capital of Albania and becomes the first UAE-based airline to offer direct flights on this route. According to the airline, flydubai will operate two flights a week between Dubai International (DXB) and Tirana International Airport (TIA) from March 28. Commenting on the announcement, Ghaith ...

Abu Dhabi / WAM Mohammed Thani Al Rumaithi, Chairman of the Federation of the UAE Chambers and Chairman of the Abu Dhabi Chamber of Commerce and Industry, has discussed with Kamal R Vaswani, Ambassador of Singapore to the UAE, means of developing trade and investment relations and sharing experiences in diverse sectors between the UAE and Singapore. This came during ...

RAS AL KHAIMAH / WAM The Local Emergency, Crisis and Disasters Management Team in Ras Al Khaimah announced the extension of relevant precautionary measures to April 8 to curb the spread of coronavirus (Covid-19). Major General Ali Abdullah bin Alwan Al Nuaimi, Commander-in-Chief of the Ras Al Khaimah Police and Head of the Team, said that relevant precautionary and preventive ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has announced the issuance of 48,749 permits for practising passenger transport in 2020. It comprises 4,315 permits for school transport drivers, 8,999 permits for limo drivers, 25,666 permits for taxi drivers, 326 permits for heavy truck drivers, 4,461 permits for school transport assistants, and 4,082 permits for transporting passengers returning to ...

DUBAI / WAM Dubai Municipality, in collaboration with the Mohammed Bin Rashid Space Centre (MBRSC), has announced that it is preparing to launch the DMSat-1 satellite, the region’s first environmental nanometric satellite, on March 20. The launch is part of a high-technology project undertaken to develop solutions to environmental challenges and address climate change. The satellite will be launched from ...

One of the primary rules of investing is don’t get carried away by the madness of crowds. Still, markets are signaling that many investors are ignoring that rule. Asset prices suggest that many believe most everyone will be vaccinated against by mid-year, or at least herd immunity will be achieved by then. So homebound-weary consumers will burst forth and spend ...

The Covid-19 pandemic and the accompanying economic lockdowns have deepened inequality both within national borders and across the globe. Many low-income countries have suffered a severe economic contraction that has derailed budgets and created urgent financing needs. This has exacerbated debt-sustainability concerns, which were already high on the eve of the pandemic. Today, more than half of low-income countries eligible ...

Christine Lagarde has some explaining to do at European Central Bank meeting. Amid the fixed-income rout and soaring yields, the ECB has been far too cautious in using its most visible weapon: Quantitative Easing bond buying. The bank has bought only 12 billion euros ($14 billion), net of redemptions, over each of the last two weeks — short of the ...