(MENAFN - Emirates News Agency (WAM)) DUBAI, 17th February, 2021 (WAM) Khalifa University and the Commissioner General s Office responsible for Italy s participation in the Expo 2020 Dubai today announced the signing of a memorandum of understanding (MoU), which aims to establish joint initiatives during the six-month run of the expo, which will take place from 1st October, 2021, to 31st March, 2022.
The MoU was signed by Dr. Arif Sultan Al Hammadi, Executive Vice President of Khalifa University, and Paolo Glisenti, Commissioner-General for Italy s Participation in the Expo 2020 Dubai, at a ceremony in Abu Dhabi.
During the signing, Dr. Al Hammadi said, We are delighted to sign this MoU on our joint activities at the Expo 2020 Dubai. As a world-class research-intensive academic institution, Khalifa University s research strengths in strategic economic sectors are widely acknowledged globally, and this MoU will further strengthen our resolve to reach out to more stakeholders in
(MENAFN - Gulf Times) A corvette (Damsah) of the Amiri Naval Forces, built by Italy s Fincantieri, was launched in the Italian city of La Spezia, the Ministry of Defence said in a tweet Saturday.
The launch took place in the presence of Major-General (Pilot) Mubarak bin Mohamed al-Kumait al-Khayarin, Deputy Chief of Staff for Administration and Logistics, and Rear Admiral Giorgio Lazio from the Italian Navy.
The ceremony also included the laying of the keel of another corvette (Simaisma).
The corvette project is part of initiatives undertaken to further develop the competence of the Amiri Naval Forces. A number of other officials and dignitaries were also present on the occasion. Last updated: February 14 2021 12:42 AM
By Patricia Kowsmann and Margot Patrick European banks are using the pandemic to make changes investors have wanted for years: slash jobs, shut branches and force customers online. Germany s second-largest lender, Commerzbank AG, said Thursday that it would cut a third of its domestic staff and almost half of its bricks-and-mortar presence after pressure from U.S. shareholder Cerberus Capital Management. Bank mergers under way in Italy and Spain are expected to close thousands of overlapping branches. Business consulting firm Kearney predicts one-quarter of Europe s 165,000 bank branches will be gone in three years. Banks are one of Europe s economic weak links, and they have been slow to change. Compared with U.S. peers, European banks struggle to make enough money to support lending growth. They came into the Covid-19 crisis still digesting a mountain of bad loans from the sovereign-debt crisis that started more than a decade ago.