Dubai / WAM Dubai Courts signed a memorandum of understanding with Moro Hub, a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority, to enhance their collaboration in digital transformation and cybersecurity. Leveraging on Moro’s capabilities in the digital security field, the MoU will serve the society’s interest in providing a comprehensive legal framework to combat …
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Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, announced the provision of additional monthly grants as a gift to Sharjah citizens who have retired from federal entities and other institutions within the Emirates, to be deposited in their bank accounts beginning in January 2023, to ensure a decent …
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Dubai / Gulf Time Jawhara Jewellery, the leading Emirati brand in the world of gold and jewellery, continues its promotional campaign, which it launched in all its stores, during the Dubai Shopping Festival (DSF), in cooperation with the Dubai Gold and Jewellery Group, by announcing the names of four lucky winners with the its first raffle draw prizes on …
Read More »Abu Dhabi / WAM The Environment Agency — Abu Dhabi (EAD) has imposed 32 administrative fines, totalling AED328,000, since the implementation of the decision issued last April by HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Board of Directors of EAD, regarding the list of administrative fines for violating the …
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Dubai / WAM The Emirates Health Services (EHS) has announced the launch of a Metaverse-based Virtual Telemedicine Solution using 3D virtual reality technology. The launch is part of transformative projects which leverage advanced technology and promote smart services such as remote health solutions and telemedicine. Through the project, EHS aims to deliver virtual medical consultation services supported by advanced …
Read More »Abu Dhabi / WAM The Arab Monetary Fund (AMF) said that the Arab construction sector has recovered from the impacts of the Covid-19 pandemic, with its contribution to GDP in 2021 amounting to around $186.8 billion, up from $178.3 billion in 2020, or a 4.7% increase. The UAE and Saudi construction sectors contributed the most to their countries’ GDPs, with …
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Bloomberg Oil climbed as China took more steps to unwind its Covid Zero policy and freezing weather across the US prompted refinery closures in the vital Texas Gulf Coast area. West Texas Intermediate traded near $80 a barrel after Beijing announced it will no longer subject inbound travellers to quarantine from early January, the latest step in the dismantling …
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Bloomberg The world faces a recession in 2023 as higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research (Cebr). The global economy surpassed $100 trillion for the first time in 2022 but will stall in 2023 as policy makers continue their fight against soaring prices, the …
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Bloomberg Russia may reduce its oil output by 500,000-700,000 barrels a day in early 2023 in response to the Group of Seven’s price cap on the nation’s crude exports, according to Deputy Prime Minister Alexander Novak. “We are ready to partially cut our production early next year,†he said in an interview with Rossiya-24 TV channel, adding the volumes …
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Bloomberg Oil rises, heading for second weekly gain, as Russia said it may cut crude production in response to the price cap imposed by the Group of Seven on its exports, highlighting risks to global supplies in the New Year. West Texas Intermediate climbed to $79 a barrel, putting it on course for a gain of about 6% for …
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