UAE Current Affairs - 2020

World Book Day 2019

23rd of April is observed as World Book by UNESCO and other related organisations every year. The city of Sharjah has been selected as the World Book Capital for the year 2019.

World Book Day 2019 is the 24th edition and the theme is centred around round celebrating literature and reading with a particular focus on enhancing and protecting indigenous languages. The theme is in line with the celebration of the International Year of the Indigenous Languages by the UN.

Genesis of the World Book Day

Often also called the World Book and Copyright Day, it aims to promote the joy of books and the art of reading. World Book Day recognises that books are a link between the past and the future, a bridge between cultures and generations.

UNESCO chose 23rd April for the World Book Day to pay tribute to great literary figures including William Shakespeare, Miguel Cervantes and Inca Garcilaso de la Vega who died on this day and was finalised in the year 1995 in the UNESCO General Conference, held in Paris.

Further UNESCO and organisations representing publishers, booksellers and libraries select World Book Capital for a year to maintain the celebrations of books and reading. For the year 2019, Sharjah, UAE has been declared as the World Book Capital. It will be preceded by Kuala Lumpur, Malaysia in the year 2020.

US to End Sanctions Waivers to India

Reports suggest that the US could terminate the sanctions waivers it granted to some importers of Iranian oil after it re-imposed sanctions on Iran last year.

Ending of Sanction Waiver

  • Reports indicate that the US has already communicated to seven countries viz. Japan, South Korea, Turkey, Italy, Greece, China and India- that they will no longer be exempt from US sanctions if they continue to import oil from Iran after their waivers end on May 2.
  • The ending of sanction waiver is part of the US strategy to exert maximum pressure and isolate Iran.
  • The US has stated it wants to deprive the outlaw regime of the funds that it has used to destabilise the Middle East for decades and incentivise Iran to behave like a normal country.

The news of the ending of sanctions waiver exerted upward pressure on global prices of crude. Further. US has stated that the US along with Saudi Arabia and UAE have agreed to take timely action to assure that global demand is met as all Iranian oil is removed from the market.