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  DUBAI / WAM The Tunisian Government has awarded AMEA Power a Concession Agreement and a Power Purchase Agreement for a 100MW solar project in Kairouan, worth $100 million (AED368 million) Najla Bouden Romdhane, Head of Government of Tunisia; Neila Nouira Genji, Minister of Industry, Mines and Energy; Hussain Al Nowais, Chairman of AMEA Power, and other dignitaries attended the ...

  ABU DHABI / WAM Abu Dhabi Public Health Centre (ADPHC) has announced that Dr Farida Al Hosani, Infectious Disease Expert and Executive Director of Infectious Diseases and Official UAE Spokesperson for the Health Sector, has joined the World Health Organisation’s (WHO) Pandemic Influenza Preparedness Framework (PIP Framework) Advisory Group as a Member for the period 2022-2024. Members of the ...

  DUBAI / WAM The Federation of UAE Chambers of Commerce & Industry has held a working meeting with officials of the Chamber of Commerce and Industry of the Kyrgyz Republic and major Kyrgyz companies. During the meeting, the parties discussed ways to develop and strengthen trade and investment markets between the UAE and Kyrgyzstan. Humaid Mohammed bin Salem, Secretary-General ...

  Bloomberg Spot prices for North Asia’s liquefied natural gas surged to a record as Russian supply concerns intensified competition with Europe for available supply of the super-chilled fuel. The Japan-Korea Marker, the spot Asian LNG benchmark, jumped 23% to $59.672 per million British thermal units, according to S&P Global Platts, pulled higher by a historic rally in European gas ...

Bloomberg The US should immediately move towards recognizing Taiwan as a country, former US Secretary of State and potential presidential candidate Mike Pompeo said in Taipei, comments that garnered a testy response from Beijing. “It is imperative to change 50 years of ambiguity,” said Pompeo, the top diplomat in the Trump administration who is visiting Taipei in an unofficial capacity ...

Bloomberg The war in Ukraine is starting to change the tone of negotiations to redesign Europe’s fiscal rules, injecting new impetus into calls for more flexibility on borrowing and budgets as the continent’s economy braces for the consequences of Russia’s invasion. Concerns that the fighting will hinder the pandemic recovery have made it more likely the European Union will agree ...

  Bloomberg US hiring boomed in February while wage growth slowed, showing a strong labor market that likely keeps the Federal Reserve on track to raise interest rates this month while offering some respite from strong inflationary pressures. Nonfarm payrolls increased 678,000 last month— the most since July — after upward revisions in the prior two months, a Labor Department ...

  Bloomberg The European Union’s eastern nations are stepping up market interventions to protect their currencies from a selloff triggered by Russia’s invasion of Ukraine. The Czech central bank sold foreign currency on the market on Friday, joining the monetary authority in Poland, which intervened for the third time this week, according to people familiar with the transactions. Meanwhile, Hungary’s ...

  Bloomberg Commodities extended their massive rally as Russia’s invasion of Ukraine continues to roil global markets and fuel fears of supply crunches. Prices from crude and aluminum to wheat soared, as raw materials stage their most stunning weekly surge since 1974 during the days of the oil crisis. Russia’s growing isolation is choking off a major source of energy, ...

ABU DHABI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, announced that the UAE’s non-oil trade over 10 years totalled AED16.14 trillion. In an interview with the Emirates News Agency (WAM), he stressed that the country’s growth has returned to pre-pandemic levels. “We work according to the plans of the UAE’s leadership to double ...