DUBAI / WAM The United Arab Emirates has been named as the “model nation†to aspire to by Arab youth for the ninth consecutive year. In the 12th Annual ASDA’A BCW Arab Youth Survey, the country was voted for by young Arabs ahead of other Western and Eastern nations, underlining the UAE’s reputation as one of the world’s top places ...
Read More »FANR reviews Barakah nuclear plant progress
Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (FANR) has convened virtually, and reviewed the performance of the authority in accordance with the 2020 Operational Plan as well as the progress in implementing a number of initiatives planned during this year. Members of the board reviewed latest updates of the four units ...
Read More »UAE government has prioritised housing sector, says Al Mazrouei
Dubai / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure and Chairman of the Board of Directors of the Sheikh Zayed Housing Programme, stated that the UAE government, since the establishment of the country in 1971, has prioritised the housing sector to provide citizens with suitable housing that will achieve their family stability, happiness and quality of ...
Read More »Etihad Airways rolls out electronic technical logs
ABU DHABI / WAM Etihad Airways has announced that it is the country’s first airline to implement electronic technical logs (eTech logs) for airline operations. According to Etihad, the approval from the General Civil Aviation Authority (GCAA) for implementation on Etihad’s freighter fleet accelerates the journey towards paperless airline operations which is a key initiative for Etihad Airways and the ...
Read More »Are hospitals ready for Covid-19’s second wave?
The brutal experience of Covid-19’s first wave humbled many rich countries where even generous healthcare systems were overwhelmed by an unfamiliar virus. Just as past outbreaks taught Asia hard truths about how to deal with pandemics, lessons from this novel coronavirus abound in the West: Italy has ramped up intensive-care capacity, France is paying health workers better and Spain is ...
Read More »Disney investors show incredible faith
There are no fireworks over Cinderella Castle these days, and yet investors remain captivated by Walt Disney Co. Are they caught up in fantasy? The whimsical palace overlooking Disney’s Magic Kingdom in Orlando, Florida, has long stood as a symbol of the company and its status as both a source of enchantment and an impenetrable fortress in the entertainment world. ...
Read More »Big Tech’s $5 trillion reckoning has to start
It’s finally here. After an investigation that lasted more than a year, a US House antitrust subcommittee has come up with a robust game plan to rein in the biggest tech giants. In a report, the panel accused Amazon.com Inc, Apple Inc, Facebook Inc and Google parent Alphabet Inc — whose collective market value is more than $5 trillion — ...
Read More »Fed is right: Stimulus can’t wait post election
President Donald Trump has told his team to stop discussing a new stimulus package until after the election. He should pay closer attention to what Jerome Powell said to the National Association for Business Economics a few hours before. Without additional fiscal stimulus, Powell warned, the economic recovery might very well falter. What the Federal Reserve chairman called “normal recessionary ...
Read More »Whole Foods is left behind in Amazon’s virus-fuelled boom
Bloomberg With millions of Americans still sheltering in place and cooking their own meals, the grocery industry has been one of the few bright spots in an otherwise battered US economy. Unless, that is, you are Whole Foods Market, the upscale chain acquired three years ago by Amazon.com Inc. Trips to Whole Foods in September were down 25% from a ...
Read More »AirAsia X restructuring plan fails to lift spirits
Bloomberg AirAsia X Bhd’s restructuring plan was met with bleak forecasts and ratings from analysts as well as a 10% drop in its share price, underscoring the daunting challenges that lie ahead for the grounded carrier. Public Investment Bank Bhd maintained its underperform rating and 1 sen price target on the airline, the long-haul arm of AirAsia Group Bhd. Max ...
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