Europe gives accent to instant payments across the union
Brussels, Belgium - Bank customers will soon be able to transfer money across Europe within seconds after the EU adopted a...Business
WTO pushes for reform, warns multilateralism ‘under attack’
Speaking on the first day of MC13, WTO Director-General Ngozi Okonjo-Iweala highlighted a need to "reform the multilateral trading system"...Business
8 conciliators in economic disputes sworn in at Abu Dhabi
Eight members of the first batch of conciliators in economic disputes and consumer complaints were sworn in at Abu Dhabi....The first batch of 8 conciliators in economic disputes and consumer complaints were sworn in
The conciliators will begin their duties in the Abu Dhabi Department of Economic Development
EGA holds wearable tech trial
Trial aimed at preventing heat-related illness in workers.50 volunteers working in EGA's hottest operations are wearing devices to monitor critical health indicators.
Data is transmitted in real-time to supervisors and EGA's occupational health team, with alerts to variations of potential concern.
Alpha Dhabi’s ‘W Solar’ to invest in Libya renewable energy
The company, a subsidiary of Alpha Dhabi Holding, signed an MoU with the General Electricity Company of Libya.The company, a subsidiary of Alpha Dhabi Holding, signed an MoU with the General Electricity Company of Libya
By 2030, Libya aims for 22 percent of electricity generation to come from renewable energy
Israel to pay housing allowance to South Lebanon Army veterans
Israel on Sunday approved housing allowances for South Lebanon Army (SLA) veterans residing in the Jewish state, providing "historic justice"...Israeli army said the decision of housing allowances for South Lebanon Army had been four years in the making
Many SLA veterans say they feel Israeli authorities have abandoned them in their adopted home, often working in low-paying jobs and unable to return to Lebanon
Yiwu Market of Dubai ready to welcome consumers
Yiwu Market of Dubai, the first smart free zone market in the region, will open tomorrow, aiming to revolutionize the...Yiwu Market is the first phase of the Dubai Traders Market in the Jebel Ali Free Zone (Jafza)
The market comprises 324 warehouses spread across two floors
UN meet aims to restore faltering health of global oceans
A long-delayed UN conference on how to restore the faltering health of global oceans kicks off in Lisbon Monday, with...The conference will see a push for a moratorium on deep-sea mining of rare metals needed for a boom electric vehicle battery construction
Microplastics found inside Arctic ice and fish in the ocean's deepest trenches are estimated to kill more than a million seabirds
Qatar warns of ‘legal action’ against use of World Cup logo
Qatar warned the general public Sunday against the use of unauthorized vehicle license plates with the FIFA World Cup Qatar...Fifty license plates bearing the World Cup logo were put up for auction in May, with the most expensive one going for 1.8 million Qatari riyals ($494,000)
In May, the Qatari authorities said five people were arrested "for promoting the sale of clothes bearing the FIFA World Cup Qatar 2022 logo without obtaining prior approval
UAE’s NFT market witnesses rapid growth
Several crypto platforms have recently launched dedicated NFT marketplaces. TRENDS tries to find out which business and economic sectors have...Many NFT investors are making Dubai their new home every day because of its zero percent personal income tax regime, amongst other big favourable factors.
Several crypto platforms have recently launched dedicated NFT marketplaces. TRENDS tries to find out which sectors have been covered by NFTs in the UAE.
Hong Kong leads rally across Asian markets
Shares rose more than three percent in Hong Kong on Monday morning, in line with a rally across Asian markets,...The Hang Seng Index jumped 3.15 percent, or 684.47 points, to 22,403.53 -- its highest level since early April
Macau casino operators were also on the front foot on hopes for a possible announcement on the easing of Covid containment measures
European monetary policy: Same hat doesn’t fit all
The Europe's apex bank is expected to gradually tighten monetary policy whilst using asset purchases to support weaker countries in...The European Central Bank has the impossible task of setting a single monetary policy that is suitable for a diverse mix of countries in very different situations, says QNB
The ECB will gradually tighten monetary policy while using asset purchases to support weaker countries in the periphery in a bid to avoid a full-blown resurgence of the Euro
