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ABU DHABI / WAM Statistics Centre – Abu Dhabi (SCAD) and Khalifa University of Science and Technology announced on Sunday the signing of a Memorandum of Understanding for statistical cooperation and the exchange of data. This partnership seeks to enhance collaboration, integration and sharing of knowledge and expertise in the fields of statistics, data and Artificial Intelligence (AI) technology. Through ...

ABU DHABI / WAM Emirates Steel announced its plans to add Hot Rolled Coils (HRC) to its wide-range products portfolio so that it can mainly meet the needs of the local and regional markets of the high-quality flat products. Emirates Steel is currently conducting a comprehensive evaluation for the project to construct the fully automated first-of-its-kind HRC plant in Mena ...

ABU DHABI / WAM National Central Cooling Company (Tabreed) announced the launch of four pilot projects, all part of Tabreed’s R&D funding commitment, which reinforces the company’s unwavering stewardship towards sustainability beyond just environmental benefits. This will also contribute to an improvement in Tabreed’s operational efficiency while enhancing district cooling plant life and reliability, with the funding expected to contribute ...

Bloomberg At least five people died as Myanmar’s military government cracked down on protests over the weekend, and escalated non-tolerance for dissent with the ouster of the country’s representative to the United Nations along with the arrests of journalists and hundreds of demonstrators. Police in the city of Dawei in southern Myanmar opened fire into a crowd on Sunday, killing ...

Bloomberg The US merchandise-trade deficit widened in January as imports climbed to a record high, signalling a continuing recovery in demand from American consumers. The deficit grew to $83.7 billion from $83.2 billion in December, according to Commerce Department data. Economists in a Bloomberg survey had called for an $83 billion shortfall in January. Imports rise 1.1% to $218.9 billion, ...

Bloomberg The UK is set to create a 5 billion-pound ($7 billion) grant program to help businesses that have been hard hit by the pandemic. The ‘Restart’ program will mostly apply to retail, hospitality and leisure — the industries that have been impacted most by the series of lockdowns imposed in the last year. The plan will be announced on ...

Bloomberg Norway’s $1.3 trillion wealth fund, the world’s biggest, is handicapped in chasing its environmental, social and governance (ESG) investment goals by the political process, according to Global SWF. The lengthy decision-making that determines which asset classes Norway’s investing behemoth can buy puts it at a disadvantage compared with smaller money managers, “in particular” regarding ESG, according to Diego Lopez, ...

Bloomberg European credit markets have just completed a round-trip recovery from peak pandemic fear. Borrowing costs are retreading pre-crisis levels, with confidence in an economic recovery sparking double-digit gains in the riskiest debt. Healthier balance sheets are turning 2021 into the year of the rising star as more companies re-establish investment-grade credentials — the reversal of 2020’s swell of fallen-angel ...

BEIJING / WAM The United Arab Emirates Ambassador to China, Ali Obaid Al Dhaheri, has praised China’s achievements of eradicating absolute poverty despite the Covid-19 pandemic. The achievements showed the country’s high-standard planning, and will have ripple effect globally and benefit the whole world, the ambassador told Xinhua, the official state-run press agency of the People’s Republic of China, in ...

Dubai / WAM The Ministry of Community Development (MoCD), in cooperation with the Ministry of Health and Prevention (MoHAP), continued to carry out the vaccination campaign for senior citizens which was launched last January against Covid-19 all over the UAE. Till February 27, the campaign included Ajman, Dubai, Al Fujairah, Um Al Qaiwain and Ras Al Khaimah. The vaccination campaign ...