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Air Arabia Abu Dhabi takes to skies with first flight to Egypt

Abu Dhabi / WAM Air Arabia Abu Dhabi on Tuesday marked the inauguration of its operations with its first flight to Alexandria in Egypt. A second Air Arabia Abu Dhabi flight will operate from the UAE’s capital to the Nile city of Sohag on July 15. The launch ceremony was attended by senior leadership teams of Etihad Aviation Group, Abu ...

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Work on 15 mosques in Abu Dhabi, Al Ain, Al Dhafra begins

ABU DHABI / WAM The Department of Municipalities and Transport – Abu Dhabi has begun development of 15 mosques at a cost of AED45 million in Abu Dhabi, Al Ain, and Al Dhafra this July, in collaboration with Modon Properties (Modon), a subsidiary of ADQ mandated by the Government of Abu Dhabi to develop integrated tourism destinations and sustainable residential ...

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Abu Dhabi’s hotel occupancy up 3% in first week of July

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) revealed signs of progress within the tourism sector as the emirate prepares to gradually open up to international travel. Hotel occupancy rates in Abu Dhabi have risen by 3% year-on-year since July 1 and are expected to rise further with the launch of a ...

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South Korea’s $35 billion green plan skirts zero-carbon target

Bloomberg South Korea revealed a 42.7 trillion won ($35 billion) plan to ramp up its commitment to renewable energy and environmentally friendly infrastructure, but came short of setting a time frame to phase out carbon emissions. President Moon Jae-in announced a framework on Tuesday to expand energy efficiency, boost low-carbon power sources and foster green industries amid an effort to ...

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Japan sees ‘grave concern’ in Beijing’s East China Sea actions

Bloomberg China’s projection of its military might into Asian waters and North Korea’s modernisation of its ballistic-missile arsenal pose risks to Japanese and regional security, the Japanese Ministry of Defense said. In its annual white paper released on Tuesday, the ministry accused China of “relentlessly’ pushing its way towards uninhabited East China Sea islands claimed by the two countries, saying ...

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UK’s economic recovery gets off to disappointing start

Bloomberg The UK economy expanded much slower than expected in May, underscoring the struggle to recover from the depth of the coronavirus slump. The expansion of 1.8% fell short of the 5.5% pace expected and still leaves the economy almost 20% smaller in the latest three months. While activity has since picked up as lockdown restrictions eased, the UK, along ...

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Cellnex Telecom eyes stake in $11 billion CK Hutchison tower arm

Bloomberg Cellnex Telecom SA is considering bidding for a stake in CK Hutchison Holdings Ltd.’s European wireless tower business, according to people familiar with the matter, as it scouts for new acquisitions. Europe’s largest wireless tower operator is in early-stage discussions about acquiring a minority holding in the CK Hutchison portfolio, the people said, asking not to be identified as ...

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EU to resist travel opening with new coronavirus wave a risk

Bloomberg The European Union (EU) will recommend keeping its external borders shut to Americans and most other foreigners for at least two more weeks as fears grow of a second coronavirus wave, according to officials familiar with the matter. Member-government envoys in Brussels plan to urge no expansion of a list of 15 countries — Canada, Japan, South Korea and ...

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Italy’s Conte keeps investors guessing on Autostrade’s fate

Bloomberg Prime Minister Giuseppe Conte kept investors guessing over the fate of toll-road manager Autostrade per l’Italia SpA, ahead of a cabinet meeting due to consider the option of stripping away its highway concessions in a long confrontation with the Benetton family. A decision on the issue which has split the ruling coalition “must involve the entire government,” Conte told ...

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