Author: admin
UAE leadership views women as essential partners in addressing challenges and driving comprehensive development The United Arab Emirates (UAE) is set to commemorate International Women’s Day tomorrow, observed on March 8 of each year, as the nation forges ahead in its mission of empowering Emirati women at “full speed.” This commitment has led to remarkable milestones that significantly enhance the sustainable development trajectory of the country.Women’s issues remain a central focus in the vision of the UAE’s leadership, which recognizes women as vital and influential partners in tackling challenges and fostering comprehensive development.Emirati women’s contributions to achievementsEmirati women have been…
The euro rose in European trade on Friday against a basket of major rivals, resuming gains against the dollar and trading near four-month highs, and about to mark the biggest weekly profit in 16 years. The recently announced massive German stimulus plans accelerated inflation forecasts in the eurozone, which might prompt the ECB to tighten its monetary policies once more. The European Central Bank voted on Thursday to cut interest rates to December 2022 lows, the fifth such cut in a row, with the bank expecting a pause in the cycle of rate cuts in April. The…
US President Donald Trump’s creation of a cryptocurrency reserve shortly before headlining a White House summit on the popular digital asset will get global attention if the reserve grows big enough to affect trading or market prices, but China already has safeguards against any potential impact, analysts said.On Thursday, Trump signed an executive order to establish a “Strategic Bitcoin Reserve” and “US Digital Asset Stockpile” to “maximise its strategic position” with assets already held by federal government offices.The president will also speak at the first White House Crypto Summit, to be chaired by his crypto tsar David Sacks for an…
Job growth in the US continued last month, although at a weaker rate than expected, as questions rise about the prospects for the economy.Employers added 151,000 jobs and the unemployment rate ticked up to 4.1%, from 4% in January, the Labor Department said. The monthly report from the government is a closely-watched signal of economic health. It was under particular scrutiny this month, amid rising concern about the economic disruption sparked by Trump administration policy changes. Analysts had been forecasting about 170,000 new jobs. The monthly gain in February was similar to the average monthly rise of 168,000 over the…
The decision clarifies customs center boundaries, roles, procedures, and operational hours within the emirate The General Administration of Abu Dhabi Customs has released Administrative Decision No. (33) of 2025, which modifies Administrative Decision No. (244) of 2024 regarding the creation and governance of customs centers in Abu Dhabi. The new decision establishes a customs center at Sir Bani Yas Airport, which will function under the oversight of the Customer Service Office of the General Administration of Abu Dhabi Customs, providing a round-the-clock service every day of the week.The primary objective of this decision is to provide clear directives for the…
My top 10 things to watch Friday, March 7 1. The U.S. added 151,000 jobs in February, below the 170,000 consensus. Unemployment rate ticked up to 4.1%. Stock futures were basically flat in response. It’s been a rough week for Wall Street. 2. Everything is fluid. That’s the key word for this tariff-filled moment in the markets. The problem: Fluidity depresses the price-to-earnings multiple that investors are willing to pay for stocks. 3. Club name Broadcom reported a perfect quarter . Beats on earnings, sales and AI revenues. No wonder shares are up 10% this morning. Could the stock reasonably…
To reverse a worrisome trend of deaths outpacing births in China, central authorities are being urged to look beyond merely trying to convince adults to procreate – the attention, leaders are now being told, should be on educating children.A top political adviser and leading demographer has proposed that China take action to protect fertility from the earliest stages of a person’s development, by making sexual-health education mandatory for school kids amid a demographic crisis that has far-reaching social and economic ramifications.“The earlier we educate young people about reproductive health, the better we can protect their future fertility,” said He Dan,…
Leading UAE insurance firms invest heavily in automation and digital transformation to enhance efficiency and competitiveness The UAE insurance sector will sustain positive growth prospects in 2025, with an anticipated growth rate ranging between 10 percent and 20 percent in 2025, following a projected 20 percent expansion in 2024.S&P Global Ratings indicated that other Gulf nations will also enjoy similarly advantageous growth conditions in their insurance markets, with expected growth rates varying from 5 percent to 15 percent, contingent upon the specific circumstances of each country.Read more: Etihad Credit Insurance becomes UAE’s first insurer to join KYC Blockchain PlatformIn a…
The session examined the ways in which artificial intelligence is revolutionizing the banking landscapeH.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, participated in the first Majlis Mohamed bin Zayed Ramadan session of the year, titled “The Future of Finance in the Age of Intelligence.”The event took place at a specially designated lecture venue within the Sheikh Zayed Grand Mosque in Abu Dhabi. The keynote address was delivered by Jim Marous, owner of the Digital Banking Report and a recognized futurist and expert on disruption within the finance industry, Abu Dhabi Media Office reported.Mr.…
After the United States proposed sweeping port fees targeting Chinese-built vessels last month, Donald Trump announced a new plan on Tuesday for the creation of a White House shipbuilding office that will offer special tax incentives to American shipbuilders.To understand why the shipbuilding sector has become a focal point of tensions between the world’s two largest economies, and why industry experts are sceptical about Trump’s promise to “bring this industry back to America”, it is useful to examine the industry’s current landscape and the role played by US allies.Why is the US so determined to target China’s shipbuilding industry?In the…