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  DUBAI / WAM Expo 2020 Dubai visitors are saying #ThanksToExpo, with visit numbers soaring to 20,819,155, after crossing the 20-million threshold earlier this week. From Expo 2020 Dubai’s crown jewel, Al Wasl dome, to water feature Surreal, the stellar entertainment line-up and fascinating pavilions of the 192 participating countries, visitors have been moved by how the largest global gathering ...

  ABU DHABI / WAM Frederick Kempe, President and CEO of the Atlantic Council, a nonpartisan organisation based in Washington, said the UAE has successfully attained a prominent stature in the global energy scene, due to its economic policy based on creating a balance between adopting environmental standards to address climate change and leveraging various energy sources. In his statement ...

  DUBAI / WAM Sudan celebrated its National Day at Expo 2020 Dubai through showcasing its rich culture, innovative solutions to global challenges and the opportunities presented to young people to build a promising future. Following the flag-raising ceremonies of both nations, Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, welcomed Dr. Graham Abdelgadir, Sudan’s Minister of Culture ...

Bloomberg The UK government is preparing to step in and temporarily run Gazprom PJSC’s British retail supply arm as it comes under increasing pressure from companies turning their backs on Russian business over the war in Ukraine. Gazprom Marketing & Trading Retail Ltd is a prime candidate to be taken into the UK’s special administration regime if it fails, to ...

  Bloomberg A Russian court on Tuesday sentenced jailed opposition leader Alexey Navalny to nine years in a high-security prison in a ruling that will keep President Vladimir Putin’s top critic sidelined amid a harsh crackdown on the opposition. Navalny, who is currently serving a two-and-a-half year sentence that the European Court of Human Rights called politically motivated, in a ...

Bloomberg The UK Chancellor of the Exchequer Rishi Sunak was handed a major boost before Wednesday’s Spring Statement, as data showed the budget deficit was running 26 billion pounds ($34 billion) below official forecasts in the first 11 months of the fiscal year. The undershoot, which may rise even further when full-year figures are published next month, gives Sunak some ...

  Bloomberg Spain will announce a series of tax breaks later this month to mitigate the economic consequences of the war in Ukraine, Prime Minister Pedro Sanchez said. “The main message is that the government is going to do everything in its power to cushion the consequences of the war,” Sanchez said in an interview with La Sexta television channel. ...

  Bloomberg BMW AG said operating returns for its automotive business will remain robust this year, even as the war in Ukraine and a global semiconductor shortage weigh on production. The company lowered its estimate for automaking returns to between 7% and 9% for 2022, noting that the target range would have been 8% to 10% were it not for ...

  Bloomberg Workers in Europe’s biggest economies are among the least likely to be seeking pay rises in the next year, despite feeling the some of the biggest pressures from rising prices. That’s the conclusion of a global survey carried out by YouGov Plc and shared exclusively with Bloomberg News. It may allay concerns at central banks about the potential ...

  Abu Dhabi / WAM Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has successfully commenced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia. This milestone marks the safe and successful culmination of a challenging gas project, during a period in which Mubadala Petroleum navigated the challenges of the global pandemic. As a ...