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Abu Dhabi International Boat Show launches early bird ticket sales

  Abu Dhabi / WAM The Abu Dhabi International Boat Show (Adibs), the UAE capital’s prestige boating, leisure marine and fishing show, has announced the launch of early bird ticket sales for the eagerly anticipated 2022 event. Organised by the Abu Dhabi National Exhibitions Company (Adnec), the fourth edition of Adibs will take place at Adnec’s brand new Marina Hall ...

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NCEMA holds session to discuss community safety

  Abu Dhabi / WAM The National Emergency Crisis and Disasters Management Authority (NCEMA), represented by the Department of Safety and Prevention, held a brainstorming session to discuss the national framework for preparedness and public safety. The session saw the participation of a number of federal and local agencies concerned with managing institutional and community risks. The session discussed a ...

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Glencore pays out $4.45bn as coal drives record profit

  Bloomberg Glencore Plc will return an additional $4.45 billion to shareholders in dividends and share buybacks after first-half profit more than doubled to a record thanks to surging coal prices. Glencore, the world’s top coal shipper, has been one of the biggest winners from the global energy crunch as demand surges for fossil fuels. The company’s sprawling trading business ...

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China announces sanctions on Nancy Pelosi over Taiwan trip

Bloomberg China announced sanctions on US House Speaker Nancy Pelosi over her landmark trip to Taiwan this week, making her the highest-ranking US official designated for penalties by Beijing. The Chinese Foreign Ministry announced the unspecified sanctions against Pelosi and her immediate family after the speaker departed from Japan late Friday. Earlier, Foreign Ministry spokeswoman Hua Chunying told a regular ...

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Adnoc Drilling secures AED12.6b contracts to boost output capacity

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Thursday two contracts totalling more than $3.4 billion (AED12.6 billion) have been awarded to Adnoc Drilling to hire 8 jack-up offshore rigs. The contracts, valued at $1.5 billion (AED 5.6 billion) and $1.9 billion (AED 7 billion) respectively, awarded by Adnoc Offshore, will support the expansion of ...

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Amanat Holdings net profit up 7% to AED67.4mn in H1 2022

  Dubai / WAM Amanat Holdings has announced its financial results for the first six months of this year, reporting an adjusted net profit of AED67.4 million, a 7 percent increase on the AED63.1 million reported in the same period of 2021. On an adjusted basis, excluding the prior year’s gain on sale and trading results from divested entities, the ...

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UAE, Egypt discuss cooperation to counter money laundering

  Cairo / WAM Hamid Al Zaabi, Director-General of the Executive Office for Anti-Money Laundering and Counter Terrorism Financing (EO AML/CTF), has met with Ahmed Khalil, Chairman of the Board of Trustees of the Egyptian Money Laundering and Terrorist Financing Unit (Egyptian AML/CTF), as well as Judge Hatem Aly, Regional Representative of the United National Office on Drugs and Crime ...

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China fires ballistic missiles near Taiwan in biggest test in decades

Bloomberg China fired its largest missile tests in Taiwan’s waters in decades, the day after US House Speaker Nancy Pelosi defied Beijing by visiting the self-ruled island it claims as its own. The People’s Liberation Army fired 11 Dongfeng ballistic missiles into waters north, east and south of Taiwan between 13:56 p.m. and 16:00 p.m. local time Thursday, the island’s ...

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Argentina vows end of money printing to battle 60% inflation

Bloomberg Argentina’s new Economy Minister Sergio Massa pledged Wednesday night to stop printing money that helps fuel runaway inflation, outlining his strategy to turn around the country’s deepening crisis. Massa rolled out his economic roadmap after being sworn in by President Alberto Fernandez as the third such minister in a month. Massa’s measures also focused on boosting exports, reducing the ...

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ADX market data goes live on TradingView platform

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has signed a new data-sharing partnership with TradingView, a US-based leading financial information portal, to help attract a new generation of global traders and investors to the exchange. As part of the agreement, ADX market data is now live on TradingView’s platform and accessible by a large base of ...

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