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  Abu Dhabi / WAM The United Arab Emirates has announced that it will allocate AED1.83 million in cooperation with “Nadia Murad’s Initiative”, to implement the second phase of a comprehensive development project to provide water supply and sanitation in the Sinjar district of Iraq. Sultan Al Shamsi, Assistant Minister of Foreign Affairs and International Cooperation for International Development Affairs, ...

Bloomberg A.P. Moller-Maersk A/S, a bellwether for global trade, said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year. The shipping market has normalized after two years of exceptionally high freight rates, when supply snarls and and a shortage of vessels allowed Maersk and its peers to charge higher ...

Bloomberg Tesla Inc. will present a third version of Elon Musk’s “master plan” next month, almost a full year after the chief executive officer said he was working on a next edition. The electric-car maker will outline “the path to a fully sustainable energy future for Earth” during its March 1 investor day, Musk tweeted. Tesla has already said its ...

  Bloomberg The UK was the only European country in the Group of Seven nations where real incomes adjusted for inflation fell in the third quarter of last year, according to the OECD. Rampant inflation was to blame for continuing slide in household spending power, the Paris-based organization said, piling pressure on Prime Minister Rishi Sunak’s government and the Bank ...

  Bloomberg Electric vehicle startups Polestar Automative Holding and Rivian Automotive Inc. are known for doggedly tracking their individual corporate emissions, detailing the environmental toll of everything from the lights in their factories to the rubber in their cars’ tires. On Wednesday, the EV rivals paired up with consulting giant Kearney to raise a flag on the industry more broadly: ...

Bloomberg Philippine President Ferdinand Marcos Jr. and Japanese Prime Minister Fumio Kishida oversaw agreements bolstering military and infrastructure ties between the two US allies amid China’s growing power in the region. During the first visit by Marcos to Tokyo since taking office, the two governments signed seven deals, including one aimed at making easier for Japan’s Self-Defense Forces to take ...

Bloomberg President Joe Biden denied that relations with Beijing have suffered a serious blow after the US downed an alleged Chinese spy balloon that flew across the continental US. Biden said that the US is currently recovering “major pieces” of the aircraft to analyze the equipment. But he maintained that the incident hasn’t further exacerbated tensions with the country. “No. ...

  Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) issued its annual achievements report on Wednesday, outlining its key outcomes and milestones in 2022. The report has highlighted the ministry’s successful efforts in developing the industrial sector, increasing its contribution to national GDP, creating an attractive business environment for local and foreign industrial investments, and stimulating innovation ...

  Sharjah / WAM Dana Gas on Wednesday announced its preliminary financial results for the year 2022. The company reported an increase in revenues by 17 percent to AED1.94 billion ($529 million) in 2022 compared to AED1.66 billion ($452 million) in 2021. The increase in revenues is due to higher realised prices and production output in the Kurdistan Region of ...

  Dubai / WAM The Tawasul System of the Ministry of Human Resources and Emiratisation (MoHRE) conducted over 30 million interactions with customers in 2022 and achieved 91% customer satisfaction and complaint resolution. The system includes 12 digital and online channels, such as a call center, WhatsApp chat, live chat, email, video and voice calls, Customer Voice system, Customer First ...