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UK formally applies for TPP: Are Thailand, South Korea and China next?

Britain says the pact is a priority for the 'newly independent trading nation' The U.K. formally asked Monday to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in a push to expand and deepen the country's trade links with the Asia-Pacific region after leaving the European Union. U.K. International Trade Secretary Liz Truss spoke…
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New African Development Bank-GCA initiative will galvanize $25 billion to scale up African climate adaptation

The announcement came during the Climate Adaptation Summit (CAS) 2021, hosted by the government of the Netherlands and the Global Center on Adaptation The AAAP, a joint initiative between the African Development Bank and the Global Center on Adaptation, is expected to scale up innovative and transformative actions on climate adaptation across Africa, Adesina said…
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First tests of unmanned flying taxis took place in the Luzhniki stadium in Moscow

It is also planned to test a digital centralised control system for unmanned drones, which requires coverage of 5G communication networks The Hover project carried out the first tests of unmanned flying taxis in Luzhniki, Moscow. The tests took place in a closed arena, since the flights of passenger drones in Moscow are still prohibited.…
22_news

Coalition of Dutch governments and companies explores hyperloop solution for countries busiest freight corridor

EIT InnoEnergy supported Hardt is involved in the exploration of opportunities for using hyperloop for freight transport A pilot route that would constitute a first step in creating a pan-European emission-free hyperloop network is being investigated in the largest urban area of The Netherlands between Rotterdam and Amsterdam. The preconditions and effects of a hyperloop…
18_news

EBRD reports record 2020 investment in response to Covid-19

€11 billion in 2020 through 411 projects, addressing the urgent needs of the 38 economies where it invests EBRD President Odile Renaud-Basso said: “The Bank put in an impressive performance and delivered on its promise to help our countries and clients deal with the economic impact of the Covid-19 pandemic. Our investments were sharply higher…
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Dubai increases economic stimulus package to AED7.1 billion

The initiatives included in the stimulus package approved by Sheikh Hamdan include exempting commercial establishments and hotels that did not benefit from the reduction in previous packages launched in 2020 from the market fees one time during 2021 Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and…
09_news

African Development Bank Board approves a new Gender Strategy for 2021-2025

The Board of Directors has approved a new Gender Strategy “Investing in Africa’s women to accelerate inclusive growth.” “This is a significant milestone for the Bank as it will guide our interventions in the next five years as we continue to increase our efforts to achieve outcomes and maximum impact on building gender equality on…
08_news

Easypark and Polestar launches a unique cooperation with the aim to automate your parking payments

“The cooperation is very exciting and together with Polestar we want to make the future of digital parking available today”, says Johan Birgersson, CEO of EasyPark Group By seamlessly integrating EasyPark’s app into Polestar’s Android Automotive environment – the companies open up an entirely new range of value creating features and possibilities for the driver.…
04_news

Kuwait’s ambassador to Saudi Arabia highlights importance of upcoming GCC summit

“The Gulf faces major economic, development and political issues and challenges,” Kuwait’s ambassador to Saudi Arabia stressed the importance of the upcoming 41st Gulf Cooperation Council (GCC) Summit in light of developments in the region. There is a “fraternal and positive atmosphere” among GCC leaders “which reflects the spirit of responsibility and sincere belief in…
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India’s Economy Will Improve, Our Investment Plans There On Track: Saudi Arabia

The investment plans in India are on track, noting that the Indian economy has the strength to recover from the adverse impact of the coronavirus crisis In February last year, Saudi Crown Prince Mohammed bin Salman announced that Saudi Arabia would invest over USD 100 billion in India in petrochemicals, refining, infrastructure, mining and manufacturing,…

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