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  ABU DHABI / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, emphasised that the UAE is continuing to enhance its unique model to diversify energy sources and move towards environmentally friendly energy sources, to fulfill its international obligations regarding climate change phenomena, and achieve the objectives of its ambitious strategic initiative for ...

Sharjah / WAM The activities of the twenty-second scientific session organised by the Islamic Forum under the patronage of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has kicked off at Al Maghfirah Mosque. Dubbed “The Migration Route” the session is running between June 18-30. Lecturer Prof. Dr Abdul Sami’ Mohammed Al Anees, ...

  DUBAI / WAM du, from Emirates Integrated Telecommunications Company (EITC), in cooperation with IDC Middle East and Africa, on Sunday hosted an exclusive C-suite roundtable titled “Powering the Government’s Future Today”. The roundtable was held at Emirates Palace in Abu Dhabi with top executives from across UAE government organisations in attendance. The event underscored drivers of the UAE government’s ...

  Dubai / WAM Dubai Customs Consultative Council held its meeting in an atmosphere of optimism regarding growth indicators for various economic sectors in the UAE. The meeting focused on several topics, including the prospects of trade recovery and the multiple economic benefits that will be provided by the historic UAE-India Comprehensive Economic Partnership Agreement (CEPA), which is expected to ...

Bloomberg Italy is in the depths of one of its worst droughts, with the country’s largest river, the Po, hitting its lowest level in 70 years, threatening crops and raising the specter of power outages. While much of Europe has had drier-than-average conditions this year, northern Italy’s Po valley is worst hit, according to the JRC Global Drought Observatory. Several ...

Bloomberg US factory production unexpectedly declined in May for the first time in four months, restrained by ongoing supply challenges and hints of cooler demand for some big-ticket consumer goods. The 0.1% decrease followed 0.8% increases in the prior two months, Federal Reserve data showed. Total industrial production, which also includes mining and utility output, rises 0.2% last month. Median ...

  Bloomberg General Motors Co. plans to return to Europe with battery-powered models starting with the Cadillac brand and is considering selling the hulking Hummer electric vehicle. The carmaker may start importing the electric Cadillac Lyriq model, which is already on sale in the US, the people said, asking not to be identified discussing confidential deliberations. Broadening GM’s offering would ...

  Bloomberg A UnitedHealth group Inc unit has agreed to acquire Emis group Plc in an all-cash deal that values the UK health-technology company at about £1.24 billion ($1.51 billion). The companies said in a statement that Bordeaux UK Holdings II Limited, an affiliate of UnitedHealth’s Optum business in the UK, has agreed to buy Emis for 1,925 pence in ...

  Bloomberg SpaceX has fired “a number of employees” responsible for an open letter critical of the behavior of CEO Elon Musk, according to an internal memo, an unusual clash hinting at growing discord over the billionaire’s controversial comments. The open letter called Musk’s behavior and tweets “a frequent source of distraction and embarrassment for us, particularly in recent weeks.” The ...

Bloomberg Oil falls the most in 5 weeks as Federal Reserve Chair Jerome Powell reiterated his will to curb the hottest inflation in decades with more aggressive rate hikes. West Texas Intermediate dropped to near $110, shedding as much as 6.3%. Federal Reserve Chair Jerome Powell this week openly endorsed for the first time raising interest rates well into restrictive ...