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Abu Dhabi, Mauritius to bolster economic ties

  ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the Economic Development Board of Mauritius (EDB) to further deepen the economic and trade relations between Mauritius and the emirate of Abu Dhabi. The agreement also aims at serving the business environment as a world system for positive partnership, share experiences ...

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Zayed II Military College produces qualified leaders, says Mattar Al Dhaheri

  Abu Dhabi / WAM Mattar Salem Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, said the 50th anniversary of Zayed II Military College coincides with the UAE’s golden jubilee, proving the country has been aware, since its establishment, of the importance of creating a strong army. In his speech on the occasion, he added the Founding Father, late ...

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dnata to invest $224m in Amsterdam cargo centre

  Dubai / WAM dnata, a leading global air and travel services provider, announced a major, over €200 million ($224.07 million) investment in a fully automated cargo centre, dnata Cargo City Amsterdam, at Amsterdam Airport Schiphol (AMS). dnata Cargo City Amsterdam will significantly enhance cargo capacity in The Netherlands and create new, direct jobs with dnata. It will enable dnata ...

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Ambani’s $75 billion plan aims to make India a hydrogen hub

  Bloomberg Billionaire Mukesh Ambani’s ambitious effort to pivot his conglomerate Reliance Industries Ltd. toward green energy could transform India into a clean hydrogen juggernaut. Ambani, Asia’s richest man, announced plans earlier this month to invest $75 billion in renewables infrastructure including generation plants, solar panels and electrolysers. There is growing speculation that the strategy entails transforming all of that ...

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Taliban killed dozens of ex-Afghan officials: UN

  Bloomberg The Taliban have killed dozens of former Afghan officials, security forces and individuals who worked with international troops since the militant group took over the country in mid-August, the Associated Press reported, citing a United Nations report. Of the more than 100 killings identified by the UN Secretary-General Antonio Guterres in a report obtained by the news agency, ...

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Biden economic agenda on hold as more Americans hit hardships

  Bloomberg American families are feeling the financial squeeze of soaring inflation and a persistent pandemic as fractious Democrats return to Washington this week no closer to a deal on a tax and spending bill party leaders hoped would by now provide relief. Despite gangbusters growth at a 6.9% annual rate during the final quarter of 2021, other economic measures ...

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Danish joblessness rate falls to lowest level in 14 years

  Bloomberg Denmark’s unemployment rate plunged to the lowest level in 14 years, adding to concerns of overheating in the Nordic country that’s emerging from the coronavirus pandemic as one of economic winners. The gross rate declined to 2.5% in December from 2.8% a month before, falling for the first time to the level it was before the 2008 financial ...

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Bentley to invest $3.4 billion into UK operations in EV shift

  Bloomberg Bentley Motors Ltd. will build its first fully electric car in the UK, part of a 2.5-billion pound ($3.4 billion) spending push to overhaul manufacturing and ditch its roaring 12-cylinder combustion engines. The investment over the next decade will modernise Bentley’s factory in Crewe, England, the Volkswagen AG brand said. The decision is a boon to the site’s ...

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UK workers need 8% pay rises to beat living standards crunch

  Bloomberg British workers will need pay rises of 8% on average this year to offset the living standards squeeze from higher energy bills, tax rises and broader inflation if the government does nothing to help. Analysis by the Tony Blair Institute for Global Change shows that the poorest fifth of UK workers will need a wage increase of more ...

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Sheikh Mohamed, Israel president review prospects of cooperation

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of Israel, Isaac Herzog, on Sunday deliberated aspects of cooperation under the Abraham Accords Peace Agreement, signed by the two nations in 2020, in addition to a number of regional and ...

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