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Elon Musk highest-paid CEO; Meet the others

After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple (Tim Cook)…reports Asian Lite News

Tesla and spaceX CEO Elon Musk has topped the list of the most highly compensated CEOs on the Fortune 500 in 2021.

After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple (Tim Cook), Netflix (Reed Hastings), and Microsoft (Satya Nadella).

In 2021, Musk “realised” compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear “moonshot” grant.

That was — by far — the biggest CEO payday in 2021, according to Fortune.

Tesla ranked 65 on this year’s Fortune 500. The company had a blockbuster in 2021, bringing in $53.8 billion in revenue, up 71 per cent from 2020.

Meanwhile, the Apple CEO earned $770.5 million in 2021 alone, mostly as a part of a 10-year grant of shares worth $1.7 billion. The tech giant ranks 3 on the Fortune 500.

The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house, the report said.

Hang, the co-founder of NVIDIA, and Reed Hastings of Netflix bagged third and fourth spots, respectively.

ALSO READ: Musk sees net worth shrink by $12 bn

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COVID-19 World World News

Global Covid caseload tops 527.2 mn

The global coronavirus caseload has topped 527.2 million, while the deaths have surged to more than 6.28 million and vaccinations to over 11.48 billion, according to the Johns Hopkins University…reports Asian Lite News

In its latest update on Thursday morning, the University’s Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 527,265,341 and 6,282,780, respectively, while the total number of vaccine doses administered increased to 11,485,421,664.

The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 83,706,662 and 1,003,743, respectively, according to the CSSE.

ALSO READ:Global Covid caseload tops 526 mn

India accounts for the second highest caseload at 43,142,192.

The other countries with over 10 million cases are Brazil (30,851,191), France (29,605,758), Germany (26,159,106), the UK (22,462,129), Russia (18,038,920), South Korea (18,036,720), Italy (17,312,432), Turkey (15,066,784), Spain (12,238,073) and Vietnam (10,712,733).

The nations with a death toll of over 100,000 are Brazil (666,261), India (524,507), Russia (370,972), Mexico (324,768), Peru (213,122), the UK (178,973), Italy (166,264), Indonesia (156,553), France (149,095), Iran (141,293), Colombia (139,833), Germany (138,643), Argentina (128,825), Poland (116,290), Spain (105,947) and South Africa (101,043).

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World World News

World Bank To Support Morocco

World Bank approves 350-mln-USD loan to spur Morocco’s blue economy

 The World Bank announced Tuesday the approval of a 350-million-U.S. dollar loan to support Morocco launching a blue economy program.

The Blue Economy Program for Results aims to create more economic growth and employment while improving the sustainability and resilience of natural resources and food security, the World Bank office in Morocco said in a statement.

The program comprises two parts, one of which helps to form coordinated institutional frameworks and the other focuses on investment in key blue sector activities, it added.

Bordered by the Mediterranean Sea and the Atlantic Ocean, Morocco boasts the strong potential to develop a blue economy, with coastal areas already contributing to more than 50 percent of its gross domestic product and jobs, said the World Bank.

It added that there is more untapped potential in both existing and emerging blue sectors in Morocco, like aquaculture, seaweed farming, and renewable marine energy.

Earlier, the International Monetary Fund (IMF) has cut Morocco’s 2022 economic growth forecast to 1.1 percent, down from the previous estimate of 3 percent.

The updated forecast is based on a sharp drop in agricultural output as the North African country suffered its worst drought in decades in 2022, and the fallout from Russia-Ukraine conflict, according to the IMF’s World Economic Outlook report released on Tuesday.

Morocco’s GDP will expand by 4.6 percent in 2023, according to the report.

Morocco’s inflation is predicted to hit 4.4 percent this year before decreasing to 2.3 percent in 2023, according to the IMF.

The Moroccan government will lower its GDP growth forecast for 2022 from 3.2 percent in the budget law to an average of 1.5 percent to 1.7 percent, Moroccan Prime Minister Aziz Akhannouch told a parliamentary session hearing on Monday.

ALSO READ: UAE, Germany discuss global energy, food security

In another development, military leaders from Morocco and Mauritania on Tuesday vowed to boost military cooperation between the two countries.

Moroccan Minister in charge of the National Defense Administration Abdeltif Loudyi and Inspector General of the Royal Armed Forces (FAR) Belkhir El Farouk met with El Mokhtar Bolle Chaabane, the chief of General Staff of the Mauritanian Armed Forces, for an in-depth discussion on military cooperation, the FAR said in a statement.

The two sides underlined the need to strengthen bilateral military cooperation and exchange expertise in order to address security concerns such as illegal migration and trafficking, the statement said.

During his visit to Morocco, Chaabane co-chaired the third meeting of a joint military commission with El Farouk, which discussed the agenda for bilateral cooperation in 2022-2023, including training, technical support, and exchanges of visits and expertise, the statement added.

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COVID-19 World World News

Global Covid caseload tops 526 mn

The global coronavirus caseload has topped 526 million, while the deaths have surged to more than 6.27 million and vaccinations to over 11.44 billion, according to the Johns Hopkins University…reports Asian LIte News

In its latest update on Tuesday morning, the University’s Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 526,061,225 and 6,278,344, respectively, while the total number of vaccine doses administered increased to 11,445,649,266.

The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 83,390,587 and 1,002,376, respectively, according to the CSSE.

ALSO READ: Global Covid caseload tops 525.5 mn

India accounts for the second highest caseload at 43,138,393.

The other countries with over 10 million cases are Brazil (30,803,995), France (29,551,335), Germany (26,109,965), the UK (22,448,854), Russia (18,030,719), South Korea (17,993,985), Italy (17,257,573), Turkey (15,064,220), Spain (12,234,806) and Vietnam (10,710,066).

The nations with a death toll of over 100,000 are Brazil (665,891), India (524,459), Russia (370,795), Mexico (324,768), Peru (213,106), the UK (178,744), Italy (166,032), Indonesia (156,534), France (148,955), Iran (141,281), Colombia (139,833), Germany (138,485), Argentina (128,825), Poland (116,268), Spain (105,952) and South Africa (100,952).

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COVID-19 World World News

Global Covid caseload tops 525.5 mn

The global coronavirus caseload has topped 525.5 million, while the deaths have surged to more than 6.27 million and vaccinations to over 11.44 billion, according to the Johns Hopkins University…reports Asian Lite News

In its latest update on Monday morning, the University’s Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 525,577,051 and 6,277,152, respectively, while the total number of vaccine doses administered increased to 11,442,406,120.

The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 83,281,329 and 1,002,173, respectively, according to the CSSE.

ALSO READ: Global Covid caseload tops 526.7 mn

India accounts for the second highest caseload at 43,136,371.

The other countries with over 10 million cases are Brazil (30,791,220), France (29,580,970), Germany (26,045,528), the UK (22,422,800), Russia (18,026,628), South Korea (17,967,672), Italy (17,247,552), Turkey (15,063,298), Spain (12,234,806) and Vietnam (10,708,887).

The nations with a death toll of over 100,000 are Brazil (665,854), India (524,413), Russia (370,721), Mexico (324,617), Peru (213,098), the UK (178,636), Italy (165,952), Indonesia (156,522), France (148,823), Iran (141,271), Colombia (139,833), Germany (138,326), Argentina (128,825), Poland (116,268), Spain (105,952) and South Africa (100,933).

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COVID-19 World World News

Global Covid caseload tops 526.7 mn

The global coronavirus caseload has topped 527.1 million, while the deaths have surged to more than 6.28 million and vaccinations to over 11.44 billion, according to the Johns Hopkins University…reports Asian Lite News

In its latest update on Sunday morning, the University’s Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 527,127,837 and 6,288,589, respectively, while the total number of vaccine doses administered increased to 11,440,859,701.

The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 83,255,845 and 1,002,146, respectively, according to the CSSE.

ALSO READ: Global Covid caseload tops 523.9 mn

India accounts for the second highest caseload at 43,134,135.

The other countries with over 10 million cases are Brazil (30,762,413), France (29,564,005), Germany (26,040,460), the UK (24,366,063), Russia (18,022,001), South Korea (17,938,399), Italy (17,229,263), Turkey (15,062,393), Spain (12,234,806) and Vietnam (10,707,568).

The nations with a death toll of over 100,000 are Brazil (665,722), India (524,348), Russia (370,642), Mexico (324,617), Peru (213,086), the UK (190,847), Italy (165,918), Indonesia (156,513), France (148,820), Iran (141,271), Colombia (139,833), Germany (138,324), Argentina (128,776), Poland (116,255), Spain (105,952) and South Africa (100,931).

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COVID-19 World World News

Global Covid caseload tops 523.9 mn

The global coronavirus caseload has topped 523.9 million, while the deaths have surged to more than 6.27 million and vaccinations to over 11.43 billion, according to the Johns Hopkins University…reports Asian Lite News

In its latest update on Friday morning, the University’s Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 523,972,488 and 6,273,279, respectively, while the total number of vaccine doses administered increased to 11,429,898,867.

The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 83,060,963 and 1,001,609, respectively, according to the CSSE.

ALSO READ: Global Covid caseload tops 525.3 mn

India accounts for the second highest caseload at 43,129,563.

The other countries with over 10 million cases are Brazil (30,701,900), France (29,517,146), Germany (25,949,175), the UK (22,416,204), Russia (18,012,019), South Korea (17,914,957), Italy (17,178,199), Turkey (15,060,112), Spain (12,179,234) and Vietnam (10,704,524).

The nations with a death toll of over 100,000 are Brazil (665,216), India (524,303), Russia (370,449), Mexico (324,617), Peru (213,069), the UK (178,547), Italy (165,738), Indonesia (156,510), France (148,753), Iran (141,253), Colombia (139,833), Germany (138,053), Argentina (128,776), Poland (116,242), Spain (105,642) and South Africa (100,867).

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-Top News Dubai UAE News

Dubai most open city in post-pandemic world

The increasing confidence of global travellers in Dubai is borne out by the fact that key indicators in its tourism, hospitality and MICE sectors are now meeting and even exceeding pre-pandemic levels.

The Arabian Travel Market (ATM) 2022 concluded last week having attracted more than 23,000 visitors from across the world at its first full-capacity event since the pandemic.

The four-day event, which doubled its visitors from last year, brought together 1,500 exhibitors and attendees from 150 countries, demonstrating Dubai’s growing reputation as the globe’s most open city in the post-pandemic world.

The city’s exceptional handling of the pandemic, its ability to provide one of the world’s safest environments and the gathering pace of its economic growth have made it a preferred international destination for business, tourism and events. The increasing confidence of global travellers in Dubai is borne out by the fact that key indicators in its tourism, hospitality and MICE sectors are now meeting and even exceeding pre-pandemic levels.

According to a report, Dubai welcomed almost four million international overnight visitors between January and March 2022, a massive 214 percent growth from last year, reaffirming its position as the first choice destination for global travellers. The city also ranked No.1 globally in hotel occupancy in the first quarter of 2022, with 82 percent.

Dubai International (DXB) continued to be the world’s busiest airport by international passenger numbers for the eighth consecutive year, clocking 29.1 million in annual traffic in 2021. Dubai International also recorded its busiest quarter since 2020, with 13.6 million passengers shuttling through its gateway in the first quarter of 2022. Passenger traffic in the emirate’s airports surpassed the 10 million mark for the second consecutive quarter in Q1 2022. In March this year alone, Dubai International Airport saw 5.5 million visitors.

Popular family-friendly events in the last six months continued to raise Dubai’s profile as a major destination for culture, shopping, and entertainment. The 26th season of Global Village concluded recently with a record-breaking 7.8 million visitors. Its longest season ever, Global Village was open for 194 days, four more than its previous record. In addition, the ongoing Dubai Food Festival, and the 25th edition of Dubai Summer Surprises, the region’s biggest festival of its kind, are set to substantially increase tourist arrivals and strengthen Dubai’s appeal as a summer tourism hotspot.

With 12,000 restaurants and cafes, Dubai has also been steadily growing as a gastronomic hotspot. The city entices food-lovers with its world-renowned chefs, global restaurant brands, street food and home-grown restaurants inspired by the over 200 nationalities living in the emirate.

Earlier this year, Tripadvisor’s Travellers’ Choice 2022 report named Dubai as the world’s most popular travel destination. Furthermore, Dubai’s recent selection as the No.1 destination for ‘City Lovers’ and No. 4 destination for ‘Food Lovers’ in the Tripadvisor Travellers’ Choice Awards 2022 validate the city’s enduring appeal for global travellers.

In 2021, Dubai established itself as the world’s leading meetings, incentives, conferences and exhibitions (MICE) destination, hosting a number of events that put it at the heart of global conversations on the recovery of key sectors. According to Dubai’s Department of Economy and Tourism, the city has captured a total of 120 events for the year 2021 and beyond that are set to bring together a total of 70,000 opinion leaders, government officials and industry professionals.

Expo 2020 Dubai, the largest event in the history of World Expos, saw 192 participating countries coming together for ‘Connecting Minds, Creating the Future’ in a celebration of culture, innovation and science. The six-month mega global extravaganza attracted over 24 million visits by residents and global travellers. Other global events that helped drive international visitation included the Dubai World Cup, Binance Blockchain Week, Gulfood, Dubai International Boat Show, and the iconic Dubai Shopping Festival. This year’s World Government Summit in Dubai brought together more than 4,000 international participants, including top government officials to share ideas for building responsive governments that can deal with the challenges of the future.

ALSO READ: ‘Dubai’s proactive initiatives enabled rapid tourism recovery’

In the last six months, Dubai also hosted major industry congresses and conferences including the Congress of the Société Internationale d’Urologie, Society of Petroleum Engineers Annual Technical Conference and Exhibition, International Astronautical Congress, World Chambers Congress and Gastech, bringing together industry leaders from all over the world.

Over the past year, Dubai’s sports sector emerged as a key driver of the city’s tourism recovery, attracting both players and fans from around the world and further enhancing Dubai’s position as a multi-faceted destination. Major winners and former champions headlined a star-studded field at the Dubai Desert Classic held at Emirates Golf Club in January this year. The world’s leading tennis stars participated in the Dubai Duty Free Tennis Championships (DDFTC) men’s tournament, which celebrated its 30th anniversary in February this year. In November last year, Dubai was also the venue for the majority of the matches and the final of the month-long ICC Men’s T20 Cricket World Cup, followed passionately by billions of cricket fans.

The past year also saw Dubai strengthening its status as one of the world’s top ranked health tourism destinations with 630,000 international health tourists, according to a report released by the Dubai Health Authority (DHA). Spending of international patients reached nearly AED730 million in the past year despite the global COVID-19 pandemic.

Dubai’s emergence as one of the most open destinations in the post-pandemic world reflects its ability to reinvent itself in an evolving global environment. The vast international diversity of its visitors also demonstrates Dubai’s growing status as a city that bridges global markets and cultures.

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COVID-19 World World News

Global Covid caseload tops 525.3 mn

The global coronavirus caseload has topped 525.3 million, while the deaths have surged to more than 6.28 million and vaccinations to over 11.43 billion, according to the Johns Hopkins University…reports Asian Lite News

In its latest update on Thursday morning, the University’s Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 525,259,489 and 6,283,324, respectively, while the total number of vaccine doses administered increased to 11,424,880,199.

The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 82,951,379 and 1,001,269, respectively, according to the CSSE.

ALSO READ: Global Covid caseload tops 524.6 mn

India accounts for the second highest caseload at 43,127,199.

The other countries with over 10 million cases are Brazil (30,701,900), France (29,489,304), Germany (25,890,456), the UK (24,330,226), Russia (18,007,169), South Korea (17,889,849), Italy (17,147,477), Turkey (15,058,627), Spain (12,179,234) and Vietnam (10,701,796).

The nations with a death toll of over 100,000 are Brazil (665,216), India (524,293), Russia (370,354), Mexico (324,617), Peru (213,058), the UK (190,322), Italy (165,630), Indonesia (156,498), France (148,686), Iran (141,244), Colombia (139,821), Germany (137,888), Argentina (128,776), Poland (116,230), Spain (105,642) and South Africa (100,867).

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COVID-19 World World News

Global Covid caseload tops 524.6 mn

The global coronavirus caseload has topped 524.6 million, while the deaths have surged to more than 6.28 million and vaccinations to over 11.42 billion, according to the Johns Hopkins University…reports Asian Lite News

In its latest update on Wednesday morning, the University’s Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 524,630,337 and 6,281,109, respectively, while the total number of vaccine doses administered increased to 11,421,738,326.

The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 82,720,354 and 1,000,167, respectively, according to the CSSE.

ALSO READ: Global Covid caseload tops 521.9 mn

India accounts for the second highest caseload at 43,125,370.

The other countries with over 10 million cases are Brazil (30,701,900), France (29,430,355), Germany (25,890,456), the UK (22,390,319), Russia (18,002,493), South Korea (17,861,744), Italy (17,116,540), Turkey (15,057,184), Spain (12,179,234) and Vietnam (10,699,965).

The nations with a death toll of over 100,000 are Brazil (665,216), India (524,260), Russia (370,252), Mexico (324,617), Peru (213,044), the UK (178,063), Italy (165,494), Indonesia (156,481), France (148,614), Iran (141,236), Colombia (139,821), Germany (137,888), Argentina (128,776), Poland (116,217), Spain (105,642) and South Africa (100,812).