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UTC’s digital trade platform goes live with 7 banks rohma@khaleejtimes.com Filed on April 19, 2021
One of the first commercialised blockchain applications in the country, the platform will create an ecosystem for multiple trade-related entities
UAE Trade Connect (UTC), a new nationwide blockchain platform, has officially gone live on Monday to help financial institutions combat fraud and duplication.
Co-created by Etisalat Digital, seven leading UAE banks and Avanza Innovations, the idea was first proposed by First Abu Dhabi Bank to tackle key issues in the trade finance space. The steering committee for the platform consists of the Central Bank of the UAE, Commercial Bank International (CBI), Commercial Bank of Dubai (CBD), Emirates NBD, First Abu Dhabi Bank (FAB), Mashreq Bank, National Bank of Fujairah (NBF), and RAKBANK.
In order to avoid commuting during curfew hours, many are staying back late or reaching office early, thus spending longer stretches at work
Those who cannot work from home and have night shifts say that navigating curfew timelines is an issue, with many forced to spend added hours at workplace
On April 15, when the UP government announced revised night curfew timings for several districts including Ghaziabad and Noida, it caught Mayur Vihar resident Nikhil Jain by surprise. Nikhil, an IT professional, works night shifts and his office is in Noida. With the night curfew in Noida now extending from 8pm to 7am, it became very tough for Nikhil to reach his office for his 9.30pm shift. “Earlier, the night curfew started at 10pm, so I could start from my place at 9pm and reach office. But now, I would be stopped at the border because UP has night curfew from 8pm. The only alternative for me is to reach the office before 8pm and spend extra time there.” Nikhil isn’t alone. After UP
Kolkata: Late President Pranab Mukherjee’s latest book The Presidential Years: 2012-17 was launched at a virtual session of Kitaab by panelists British politician and economist, Lord Meghnad Desai, Montek Singh Ahluwalia, economist and former top civ