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UAE continues relief distribution to drought victims in Somalia

  ABU DHABI / WAM The UAE, through its humanitarian bodies and in cooperation with the Somali Disaster Management Authority (SoDMA) and other authorities, continues to distribute aid to the local population and displaced people in areas most affected by the drought, including Mahas and Mataban regions in Hiran Governorate, Hirshabelle State. This aid is part of efforts to distribute ...

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QCC unveils updated Abu Dhabi guide for service infrastructure

  ABU DHABI / WAM The Abu Dhabi Quality and Conformity Council (QCC) has launched an updated version of the Abu Dhabi Guide for Infrastructure Services at the “Partners Forum” 2022 with modifications and adding 30 sub-directories bringing the total number of technical documents in the Guide to 160. The Partners Forum 2022 was organised in Abu Dhabi, with the ...

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UAE labour legislations embrace digitisation: Al Awar

  DUBAI / WAM The UAE affirmed that developing new strategies to upskill workers and enhancing business environments for employers are necessary to prepare for the digital future of work. This came during a speech by Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation and head of the UAE delegation, at the 48th Arab Labour Conference, held from ...

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European gas heads for fourth weekly loss as stockpiles fill up

Bloomberg Natural gas prices in Europe headed for a fourth weekly loss, as ample supplies of liquefied natural gas (LNG) help countries fill reservoirs days ahead of the start of the heating season. Dutch front-month gas, the European benchmark, declined as much as 6%, and are on pace for a drop of about 5% this week. While prices have eased ...

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Russia stages ‘referendums’ to annex occupied Ukraine lands

Bloomberg Russia on Friday began staging UN-condemned “votes” on annexing the roughly fifth of neighboring Ukraine it occupies in a step that marks a new escalation in the spiraling conflict between President Vladimir Putin and the US and its allies. Russian state media reported overwhelming support for accession to Russia in the four regions that its troops partially control, according ...

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UK’s biggest tax cuts since 1972 trigger crash in pound, bonds

Bloomberg Liz Truss’s new UK government delivered the most sweeping tax cuts since 1972, slashing levies on rich households and companies in a bid to boost economic growth in a move that triggered a massive market selloff of the currency and bonds. Chancellor of the Exchequer Kwasi Kwarteng announced a series of tax cuts and regulatory reforms that will cost ...

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Gas shortage: Germany steps up preparations for emergency rationing

Bloomberg Germany is stepping up preparations for a gas emergency that would require rationing for the country’s biggest companies this winter as Russia’s squeezes flows to Europe. In a sign of growing urgency, the regulator will next Wednesday present to lawmakers a digital security platform to identify the “non-protected” consumers that will bear the brunt of rationing. That includes Germany’s ...

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Pfizer, US revise contract for donated vaccines as world demand plummets

  Bloomberg President Joe Biden’s administration has slashed its target for Covid-19 vaccine donations abroad this year, amending a contract with Pfizer Inc. in the latest sign that world demand for the shots has collapsed. Under the revised deal, a total of 600 million Pfizer doses will be made available to the US by the end of the year, giving ...

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FedEx slides on skepticism over new CEO’s cost-cutting plan

  Bloomberg FedEx Corp. declined after the new CEO’s plan to cut costs and raise shipping rates fell flat with Wall Street, leaving investors concerned about deep challenges including slowing demand and elevated expenses. The courier said it will cut flights, defer projects and close offices as it seeks as much as $2.7 billion in savings this fiscal year. The ...

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Adek launches AED 1.9billion Khotwa scholarship programme

  ABU DHABI / WAM Under the directives of HH Sheikh Khaled bin Mohamed bin Zayed, Deputy National Security Adviser, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, the Abu Dhabi Department of Education and Knowledge (Adek) has launched the Khotwa (RizeUp) scholarship programme to further enhance access to education opportunities and open new knowledge ...

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