Author: dailyguardian.ae
The UAE ranks fifth in the world in road quality and 10th in public transport, according to the Travel and Tourism Development Index 2024 report, issued by the World Economic Forum. Among Arab countries, the country ranks first in road quality and second in the efficiency of public transport services. When it comes to efficiency of port services, the UAE ranks ninth globally and first among Arab countries. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, stressed that these results are attributed to the forward-looking vision…
Georgia’s parliament voted on Tuesday to adopt a divisive “foreign influence” law targeting NGOs and the media, overcoming a presidential veto on the bill despite Western warnings the move could jeopardise the country’s path to the European Union. The law, which critics have compared to repressive Russian legislation used to silence dissent, forces groups receiving at least 20 percent of funding from abroad to register as “organisations pursuing the interests of a foreign power.” The proposal has drawn fierce opposition from Western governments including the United States, which said the measure risked “stifling” freedom of expression in the Black Sea…
The UAE banking sector profitability jumped 9.3 per cent quarter-on-quarter to Dh20.8 billion in the first quarter on the back of “plummeting impairment charges” and surging operating income. Non-core income and lower operational costs also supported the profitability, Alvarez & Marsal said. The banks also saw their deposits jumping 5.1 per cent in Q1 2024 compared to the previous quarter, the global professional services firm said in its UAE Banking Pulse report. Asad Ahmed, A&M managing director and head of Middle East financial services, said the top 10 UAE banks were profitable due to improved cost efficiencies, lower provisions and…
Belgium have recalled Axel Witsel to the squad for Euro 2024 in Germany next month but there is no place for Thibaut Courtois despite the Real Madrid goalkeeper being in line to feature in Saturday’s Champions League final. Coach Domenico Tedesco announced his 25-man squad for next month’s tournament on Tuesday with Witsel’s recall a major surprise. Tedesco had visited the 35-year-old Atletico Madrid defender to persuade him to come back to the team. Witsel won the last of his 130 caps at the World Cup in Qatar in late 2022, when Belgium were eliminated in the group stage. Courtois…
Institution announces distinguished higher education leader as fifth university president Dubai, United Arab Emirates, 28 May 2024 – The American University in Dubai (AUD) has announced Dr. Kyle Long as the institution’s fifth president, who will commence his tenure on 15 August 2024. Dr. Long, a distinguished figure in higher education leadership and a seasoned advocate for international education, succeeds President Emeritus Lance de Masi who for the last year has served as interim president. The American University in Dubai (AUD) has announced Dr. Kyle Long as the institution’s fifth president. “Selecting Dr. Long as AUD’s new President comes at…
This is shaping up to be a big year for the Silent Hill series. Konami’s horror franchise got a new, free entry earlier this year as a surprise release, and a film and more games are on the way. And now, we’re set to learn more about all of those upcoming projects at a Silent Hill Transmission livestream that will be held ahead of the summer’s biggest gaming showcases. If you’re a big fan of this series, then this is definitely a presentation that you will want to tune into. If you’re wondering where to watch and would like to…
Cars that were damaged during the unprecedented April 16 rains in the UAE have started to come to the open and unregulated market such as classified websites for sale, industry executives said. It is estimated that more than thousands of vehicles were damaged during the rains, which was the heaviest of its kind in the past 75 years. Insurers are flooded with claims while garages also have long waiting listings. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Sebastian Fuchs, managing director of digital products and services at Auto Data Middle East, also confirmed that…
Emirates Development Bank has unveiled financing deals totalling Dh 362 million to grow and support the UAE’s manufacturing sector, with a special focus on enabling mSMEs. With more than Dh5.4 billion financing to the UAE’s manufacturing sector YTD 2024, EDB has increased its financing markedly year-over-year since the launch of its new strategy in April 2021. The financing deals align with EDB’s mandate to enable Operation 300 billion and the advancement of local manufacturing capabilities. Under the UAE Industrial Development Strategy, the bank has allocated a portfolio of Dh30 billion to support priority industrial sectors by 2026. The bank will…
Former Australia Test opener Joe Burns has switched allegiance to Italy in a bid to help the Europeans qualify for the 2026 T20 World Cup as a tribute to his late brother. Burns, who played 23 Tests from 2014-20, was left out of Queensland state’s contracts list for the coming domestic season in Australia and has been mourning his brother’s death in February. Burns wrote about his grief in a social media post with a picture of a blue Italy shirt with the number 85 his brother wore at his amateur cricket club in Queensland. “While a part of my…
UBF: SWIFT ecosystem development supports growth of UAE’s global trade Abu Dhabi, United Arab Emirates; 28 May 2024: UAE Banks Federation, the sole representative and unified voice of UAE banks, praised SWIFT’s continuous efforts to develop the payments ecosystem, the initiatives of the SWIFT User Steering Committee and its national group in the UAE that define the foundations of doing business locally, and the crucial role of the SWIFT ecosystem in the growth of global trade. Mr. Jamal Saleh, Director General of the UAE Banks Federation and Chairman of the SWIFT User Steering Committee in the UAE, emphasised the importance…