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The Dubai International Chamber (DIC), one of the three chambers operating under Dubai Chambers, has inaugurated a new international representative office in London, United Kingdom. The new office, which is DIC’s first representative office in Europe and 20th globally, marks a significant step in the chamber’s global expansion strategy. The main focus of the new Dubai business office in London is unlocking the shared business interests between Dubai and the UK, the Dubai International Chamber said. The new London office, its first in Europe and 20th globally, was described as the “next step” in UK-UAE relations. Khalid Al Shamsi, vice…

Iranian ju-jitsu fighters showed fine athletic skills to claim two gold medals at the AJP Tour Dubai International Jiu-Jitsu Championship 2023 held in the United Arab Emirates. On Sunday, Ashkan Moradi took part in the men’s GI amateur 120-kilogram competitions at al-Nasr Club in Dubai, and took home the gold. Baraa Taher Gilmore, a competitor from Indonesia, claimed the second spot and received the silver medal, while Serbian contestant Stefan Lazarevic pocketed the bronze. Moreover, Mehran Sajjadi, another representative from the Islamic Republic of Iran, won a gold medal in the boy’s 60-kilogram weight class. The AJP Tour Dubai International…

The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big banks, insurers, clearing houses and investment funds respond collectively during extreme stresses in markets, it said on Monday. The BoE had said in December that investment funds and other non-bank financial institutions would face their first ‘stress test’ to apply lessons from the near-meltdown in Britain’s pension fund sector in September. “The launch of this exercise will provide valuable insight into the system-wide dynamics for banks and non-banks following a severe but plausible stress to financial markets,” BoE Deputy Governor Jon Cunliffe said in…

IT was a smooth sailing Grand Prix for the Dutchmen this as Max Verstappen takes Red Bull’s 100th F1 win! Alonso takes second after a great battle with Hamilton throughout the race. Hamilton takes a consecutive podium of the year! Verstappen, who led every lap of the race in Montreal, told his team on Lap 11 that he hit a bird but it didn’t slow him down as he beat Fernando Alonso and Lewis Hamilton by nearly 10 seconds. The victory was Red Bull’s 100th in Formula 1 and Verstappen’s 41st, which equals the tally of three-time world champion Ayrton…

In 2022, geopolitical divisions threatened peace and stability, conflicts erupted and countries continued to grapple with worsening climate emergencies, soaring poverty and deepening inequalities as the COVID-19 pandemic reversed progress in human rights, said UN High Commissioner for Human Rights Volker Türk during the presentation of the Annual Report of his office. Despite the myriad of crises that defined 2022, UN Human Rights continued to be a formidable ally to those fighting for justice and equality, and against human rights abuses and violations. “Our report for 2022 demonstrates how valuable this work is — with benefit not only in specific…

The East African Community is prioritising infrastructure development in the next fiscal year, signalling a break from a three-year lull blamed on the Covid-19 pandemic. The EAC on Tuesday tabled before the East African Legislative Assembly (Eala) budget estimates totalling $103,842,880 for 2023/2024, out of which 43 percent ($44 million), funded by development partners, will be used on infrastructure projects to spur intra-EAC trade, which increased by 13.4 percent to $74.03 billion in 2022 from $65.268 billion in 2021. The bloc has this year secured funding for road projects connecting Kenya and Tanzania though Lunga Lunga; Tanzania to Burundi through…

The 8th of June marks the entry into force of African Union’s Convention on Cyber Security and Personal Data Protection also known as Malabo Convention. This means the Convention came into force nine years after its adoption on June 27, 2014 and became the only binding regional treaty on data protection outside Europe. Following Mauritania’s ratification on May 9, 2023, the Convention entered into force officially thirty days after the date of receipt by the Chairperson of the Commission of the African Union of the fifteenth (15th) instrument of ratification as provided under article 36. The Malabo Convention is a…

The European Council and the European Parliament have provisionally agreed on rules to digitalize the Schengen visa application process by allowing visa nationals to apply for visas online and by replacing the current visa sticker with a digital visa. These measures are aimed at increasing the efficiency of the application process, making it easier for travelers to apply for visas, and to improve security in the Schengen Area, by reducing the risk of falsification and theft of visas. The agreement with the new digitalization rules will not go into effect until the European Council and European Parliament finalize the formal…

THE European Innovation Council (EIC) and the European Institute of Innovation and Technology (EIT) have taken their partnership to the next level and launched today a revamped European Prize for Women Innovators. This joint competition will reward an even wider community of women innovators, celebrating their achievements and giving them more opportunities. The awards will be given to the most inspiring women entrepreneurs whose innovation is creating a positive impact for people and planet. According to Margrethe Vestager, Executive Vice-President for a Europe Fit for the Digital Age, this new award will be given to inspire Europe and women innovators.…

THE Central Mediterranean remains the main migratory route into the EU, Frontex has said in a recent report. In the first five months of the year, the number of detections more than doubled (160%) compared to the same period in 2022. It is the highest number recorded since 2017. In the first five months of the year, the number of detections of irregular border crossings at EU’s external borders reached 102 000, 12% more than a year ago, according to preliminary calculations*. Frontex says more than 2 700 standing corps officers and Frontex staff are involved in various operations supporting…