Finance & economy

January 19, 2020


Surprisingly good prospects for some East Asian stock markets

According to analysts from Reuters Polls, Bloomberg and Alpho, the U.S.-Iran tensions easing will lead to growing interest of investors in risky assets in upcoming weeks. Such a progress will result in demand for currencies of Asian emerging markets, mainly Indian rupee (INR) and South Korean won (KRW).

ASML Holding NV is major semiconductor chip equipment manufacturer. While Taiwan semiconductor import has been growing last two months, South Korea's"...

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January 18, 2020


UK aid boosts support for African women entrepreneurs to expand businesses into global markets

The UK is boosting support to female entrepreneurs in Africa, helping them overcome barriers to starting businesses and connecting them to global markets, announces the International Development Secretary Alok Sharma.

Africa has the highest concentration of female entrepreneurs, accounting for almost a third of all businesses on the continent. Despite this, their contributions to the economy remains low. This is because many women face barriers"...

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January 18, 2020


AURAK signs an agreement with The University of Texas at Arlington

The American University of Ras Al Khaimah (AURAK) and the University of Texas at Arlington (UTA) have signed an agreement to set up a collaborative education program to maximize opportunities for students.

The deal means that students at AURAK who successfully complete three years of the undergraduate curriculum in Computer Engineering can be accepted at the Computer Science and Engineering Department in the College of Engineering at the University"...

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January 18, 2020


The LYCRA Company Marks First Anniversary as New Company

The LYCRA Company, a global leader in developing innovative solutions for the textile, apparel and personal care industries, is marking its first anniversary as a stand-alone subsidiary of the Ruyi Group on January 31.

In 2020, The LYCRA Company is operating at full strength across all facets of the organization and sharpening its focus to create value through strategic investments in science and technology as innovation is a key enabler to the"...

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January 17, 2020


Philip Morris International Recognized for Business Excellence in 4th Annual One Planet Awards

Philip Morris International Inc. (PMI) (NYSE: PM) has been recognized among this year’s most awarded winners in the One Planet Awards program, an initiative acknowledging business and professional excellence in industries around the world. The company earned four awards for its achievements in delivering a smoke-free future from the more than 50 judges, who represent a wide spectrum of global industry experts. PMI received Gold awards in the Achievement of the Year in Diversity and Milestone of the Year categories in recognition of becoming the first multinational company to achieve global EQUAL-SALARY certification; PMI’s president of South & Southeast Asia, Stacey Kennedy, was awarded Gold in the Woman of the Year in Business & the Professions category; and the company earned a Grand Trophy for being among this year’s most-awarded winners. “We are passionate......

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January 16, 2020


Andela launches program to advance full stack JavaScript engineering skills

Andela, the technology company that builds distributed engineering teams with Africa's top software engineers, has announced that applications for its 5-months program, StackUp, is open for aspiring and entry-level engineers in Kigali, Rwanda.

Leveraging Andela’s experience over the past 5 years, the intensive remote program will provide engineers with the necessary technical and soft skills to become a FullStack JavaScript Engineer. StackUp"...

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January 16, 2020


Malawi launches Agricultural and Industrial Investment Corporation to drive private sector participation

The newly established Malawi Agricultural and Industrial Investment Corporation (MAIIC) is now in full force to drive private sector led economic development in the country.

MAIIC chief executive officer, Taziona Chaponda said during the event that robust private sector is vital for the development of any country.

He said the institution, operating under a Public Private"...

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January 15, 2020


ADFD approves $15 million loan for solar photovoltaic project in Blitta

The Abu Dhabi Fund for Development (ADFD) has decided to allocate 15 million dollars for the construction of the future Blitta photovoltaic solar power plant in Togo. The project is being developed by the Emirati company Amea Power.

The General Assembly of the International Renewable Energy Agency (Irena) took place on Sunday, January 12, 2020, at its headquarters in Abu Dhabi, the capital of the United Arab Emirates. Delegations from the Agency’s"...

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January 15, 2020


1 440 jobs on the line as Massmart battles to improve shareholder returns

JOHANNESBURG – Massmart, South Africa’s giant general merchandise retailer, is looking to close 34 loss-making stores of high-tech retailer Dion-Wired and Masscash, putting 1 440 jobs in the firing line, as it battles to improve its return on investment to shareholders.

The group said on Monday that it was talking to stakeholders on the possible closures, which followed a store-optimisation project that highlighted a number of under-performing"...

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January 15, 2020


Bank of America Reports Fourth-Quarter 2019 Financial Results

Bank of America reported its fourth-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here:

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