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BU DHABI / WAM Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and Ducab Metals Business, a leading supplier of metals solutions in the region, signed a lease agreement for expanding its existing manufacturing facility in KEZAD. The 50-year lease agreement, signed in the presence of Mohamed Al Khadar Al Ahmed, ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from Her Excellency Giorgia Meloni, Prime Minister of the Italian Republic. During the call, the two sides discussed bilateral cooperation and explored opportunities to strengthen ties further to serve mutual interests. His Highness and the Italian Prime Minister also addressed cooperation in ...

SINGAPORE / WAM The dollar made a steady start to the week on Monday, as investors were focused on US, European and Japanese inflation data to guide the global interest rate outlook, Reuters reported. Foreign exchange trade has been dominated by the hunt for “carry” in recent months, punishing low-rate currencies and supporting the dollar while US data has blown ...

SYDNEY /WAM Asian shares firmed on Monday as investors braced for a busy run of inflation data that could set the scene for a European rate cut as soon as next week and a US policy easing within just a few months, Reuters reported. Holidays in Britain and the United States made for thin trading ahead of Friday’s figures on ...

DUBAI / WAM Under the patronage and in the presence of HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council, the Arab Media Summit 2024 will begin on Monday at the Dubai World Trade Centre. Organised by the Dubai Press Club from May 27-29, the summit will commence ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) and a high-level judicial delegation from the Hong Kong Special Administrative Region, explored avenues for enhancing cooperation in the field of commercial and investment laws. Both sides also discussed establishing a strategic partnership that will not only enhance the investment climate but also spur the development of bilateral trade ...

AL ARISH / WAM The UAE Floating Hospital in the Egyptian city of Al Arish, established under Operation Chivalrous Knight 3, has announced the addition of new specialised medical staff, including neurosurgeons and maxillofacial and dental specialists. This initiative aims to provide top-tier healthcare services to the Palestinian people in Gaza. Dr Ahmed Mubarak, Director of the Hospital, affirmed that ...

ABU DHABI / WAM The Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) have issued a new joint paper revealing that trends project the growth and prosperity of digital trade activities in the UAE at a compound annual growth rate of 12.3 percent between 2023 and 2028. The research showed that more than 40 percent ...

ABU DHABI / WAM Under the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, 65,000 books from the 33rd Abu Dhabi International Book Fair have been distributed to libraries at 220 schools across the UAE. Facilitated by a financial grant, the initiative aims to support school libraries in fostering a culture of reading among students. The ...

BEIJING / WAM China’s power enterprises have accelerated the pace of green investment this year, with the completed investments in clean energy projects up by 6.64 percent year-on-year to reach CN¥117.3 billion ($16.5 billion) in the first quarter, according to the China Electricity Council. According to China Central Television (CCTV), during the first quarter, the magnitude of clean energy projects ...