DUBAI / Emirates Business Enoc Group, the Official Integrated Energy Partner of Expo 2020 Dubai, on Sunday marked the ground-breaking of its Expo 2020 Dubai pavilion, located near the UAE pavilion and between the Sustainability and Opportunity Districts. Under the theme of ‘Reimagine Energy’, the pavilion will be split across five distinct pavilion structures or ‘houses’ inspired by traditional oil …
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Washington / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation concluded his visit to Washington, DC after meeting with senior US government officials. Sheikh Abdullah met US Secretary of State Mike Pompeo. They discussed UAE-US cooperation to create mutual prosperity and ensure security in the Middle East and around the world. “The …
Read More »Dubai / WAM Domestic workers aged over 60 years shall be allowed to get their employment contracts renewed under three conditions, including medical fitness, payment of medical coverage and an official consent by competent departments allowing them to continue their residency visa, according to the UAE Ministry of Human Resources and Emiratisation. According to the ministry’s announcement, the auxiliary worker …
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STOCKHOLM / WAM An agreement signed by the UAE and Sweden for startups, innovation and entrepreneurship cooperation will take the two countries’ partnerships to a higher level, Sultan bin Saeed Al Mansouri, Minister of Economy. The MoU was signed by the Ministry of Economy and Swedish Ministry of Enterprise and Innovation during a visit by Al Mansouri and a top-level …
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Bloomberg The European Union (EU) is planning a 3.9 billion fund that will invest in early stage technology in an effort to increase the pipeline of innovations that might someday take on giants in the US and China. Traditional venture capital firms typically don’t fund “the famous innovation valley of death,†where science has produced a breakthrough, but a costly …
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NEW YORK / WAM The UAE underscored the importance of tolerance and dialogue in reconciliation efforts and affirmed the UAE’s commitment to promoting peaceful coexistence and political solutions to address global challenges, during the UN Security Council Open Debate on peacebuilding and sustaining peace specifically the role of reconciliation. “The UAE has always been keen on promoting the principles of …
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Dubai / Emirates Business Emirates, the world’s largest international airline, on Wednesday announced that it has signed a full purchase agreement for 30 Boeing 787-9 aircraft, worth AED32.3 billion ($ 8.8 billion) at list prices, at the Dubai Airshow 2019. Under its agreement with Boeing, Emirates has exercised its right to substitute the B777x with B787s. This deal includes Boeing …
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Bloomberg A week after Vodafone Group Plc’s chief executive suggested the company’s India venture was headed for insolvency without government help, the shares have more than doubled over four trading days. The rally followed plans by the nation’s top three carriers to raise tariffs, waving the white flag in a price war that dragged rates to some of the lowest …
Read More »Bloomberg Oil steadied after falling to a two-week low on signs of swelling American crude inventories, while heightened political tensions clouded the chances of a trade deal between the US and China. Futures held above $55 a barrel in New York after slumping 3.2% on Tuesday, the most since the end of September. Industry data showed crude stockpiles rose by …
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Abu Dhabi / WAM Global leaders convened at the Reaching the Last Mile Forum in Abu Dhabi on Tuesday to affirm their commitment to eradicate polio and pledge $2.6 billion as part of the first phase of the funding needed to implement the Global Polio Eradication Initiative’s Polio Endgame Strategy 2019-2023. This pledging event comes on the heels of a …
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