Bloomberg Euro area economic activity slowed as rising coronavirus cases hurt service providers to offset an improvement in manufacturing output. Inflation pressure eased a little. A composite gauge for both sectors fall to 53.4 in December from 55.4 the previous month, according to a survey of purchasing managers by IHS Markit. Services activity grew at its weakest since April ...
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Abu Dhabi / WAM The Director-General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi, has visited the Barakah Nuclear Energy Plant in the Al Dhafra region of Abu Dhabi emirate. Grossi was welcomed by Ambassador Hamad Al Kaabi, Permanent Representative of the UAE to the IAEA, Engineer Ali Al Hammadi, Chief Executive Officer of Nawah Energy Company, ...
Read More »Dubai / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, stressed that Emirati youth are the true wealth of the country, the builders of the future and the ambassadors of the UAE, who promote the values of tolerance, peace, coexistence and human fraternity globally. He made this statement during his meeting at Expo 2020 Dubai ...
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Abu Dhabi / WAM ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, has established a new office in Egypt to build on its commitment to investing in the country’s economic growth. The opening of ADQ’s new office complements the $20 billion (AED 73 billion) ...
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ABU DHABI / WAM The Abu Dhabi Chemicals Derivatives Company RSC Ltd (Ta’ziz) on Wednesday signed investment agreements with eight United Arab Emirates -based investors, marking the first domestic Public Private Partnership (PPP) in Abu Dhabi’s downstream and petrochemicals sector. The agreements comprise commitments by the investors to invest in an up to 20% stake in a portfolio of ...
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Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez) entered into a strategic alliance with Commercial Bank of Dubai (CBD) to provide Rakez clients with quick and convenient access to the bank’s products and services. An MoU was signed by Ramy Jallad, Group CEO of Rakez, and Dr Bernd van Linder, Chief Executive Officer of CBD. Through ...
Read More »Sharjah / WAM The Sharjah Book Authority (SBA) has announced that Italy will be the Guest of Honour of the 41st edition of the Sharjah International Book Fair (Sibf), slated for November 2022. A stellar gathering of Italian authors, artists and publishers will promote the arts, literature and culture of the Guest of Honour country at the 2022 edition ...
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Abu Dhabi / WAM Mubadala Investment Company PJSC (Mubadala) and Fincantieri have signed a memorandum of understanding (MoU) to start potential collaborations in the field of advanced technologies and services in the naval, marine and industrial sectors. The agreement was signed by Abdulla Abdul Aziz Al Shamsi, Head of UAE New Initiatives at Mubadala, and Giuseppe Giordo, General Manager ...
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Abu Dhabi / Gulf Time ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, has established a new office in Egypt to build on its commitment to investing in the country’s economic growth. The opening of ADQ’s new office complements the $20 billion (AED 73 ...
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ABU DHABI / WAM The Reach Campaign has revealed that its ’50 Days to Transform 5 Million Lives’ initiative has generated enough funds and commitments to transform the lives of 5 million people at risk of neglected tropical diseases (NTDs). Made possible by the generosity of individuals and corporate partners, the campaign received several million dirhams in donations, which ...
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