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Abu Dhabi / WAM The General Administration of Abu Dhabi Customs announced that the volume of non-oil trade exchange between the Emirate of Abu Dhabi and the Kingdom of Bahrain through the emirate’s ports amounted to AED 41.83 billion during the period from 2015 to November of this year, which reflects the development of economic and trade relations between the ...

Sharjah / WAM Hussain Al Mahmoudi, CEO of Sharjah Research Technology and Innovation Park (SRTI Park) announced the inauguration of first house built in the region with 3D printing technologies with traditional architecture on the complex grounds, expressing his happiness with this achievement. He pointed out to “Sharjah 24” that this house is Arab design and heritage, and we aspire ...

Dubai / WAM The Ministry of Climate Change and Environment (MOCCAE) held a virtual media briefing on Wednesday on the launch of the UAE Environmental Policy, approved by the UAE cabinet in late November. The policy aims to enhance the quality of life, support the implementation of the Sustainable Development Goals (SDG), promote economic diversity and prosperity, and preserve ecosystems ...

Sharjah / WAM Arada has launched Naseej District, an upscale neighbourhood that celebrates art, design and culture at the AED24 billion megaproject in the heart of New Sharjah. Naseej, which means fabric, reflects the developer’s aspiration to weave together diverse skills, talents and backgrounds to turn the cultural district into a coherent social space for the creative community in Sharjah. ...

While much of Joe Biden’s first term in office will involve digging out from the Covid-19 pandemic and recession, the incoming president has also vowed to change the way the US manages its supply chains. This is framed as a way to make America more resilient in the face of crises after struggling to secure much-needed protective and medical materials ...

“In a West End town, a dead end world,” sang the Pet Shop Boys in the mid-1980s. Fast forward 35 years and the electronic-pop duo would be just about right. Covid restrictions and a lack of global tourism have turned the West End, London’s premier shopping and dining district, into a shadow of its former self. Sales from retail, hospitality ...

There’s a good reason that breaking up tech giants is the nuclear option: It’s a deterrent. If everything works as planned, you should never have to do it. European Union antitrust chief Margrethe Vestager and internal market commissioner Thierry Breton announced a range of new tools to tackle the excesses of the West Coast’s finest, including the ability to dismantle ...

The European Central Bank (ECB) is due to update its guidance for next year on how banks handle their capital buffers. There has been an effective ban on dividends and stock buybacks since July and extreme moderation urged on banker pay. While the ECB review might lift the cap on shareholder payouts partially, banker compensation is trickier. A slew of ...

Bloomberg China injected cash into the financial system by offering medium-term loans, in the government’s latest effort to ensure the country’s banks have sufficient liquidity. The People’s Bank of China (PBOC) added 950 billion yuan ($145 billion) of one-year cash via the medium-term lending facility, more than offsetting the 600 billion yuan that matures in December. That’s the fifth straight ...

Bloomberg Bank of Canada (BOC) Governor Tiff Macklem warned the nation’s economy could temporarily shrink again amid a second wave of virus cases, tempering good news on the start of inoculations against Covid-19. In his last speech of the year, Macklem said uncertainty remains elevated and new restrictions could trigger a small contraction at the start of 2021. On the ...