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Etihad, China’s CGO team up to create ‘Air Silk Road’

  ABU DHABI / Gulf Time Etihad Airways, the national airline of the UAE, and Henan Province Airport Group, the parent company of the Zhengzhou Xinzheng Airport (CGO) — an important domestic aviation hub and the gateway to the central region of China — aim to establish a strategic partnership to strengthen aviation ties between the UAE and China. This ...

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Climate-driven extreme weather cost hundreds of billions in 2021

  Bloomberg Ten of this year’s most destructive weather events cost a combined $170 billion in damages, according to a new study. Hurricane Ida, a tropical storm that pummeled much of the eastern US with lashing rain in August, killed at least 95 people and cost the economy $65 billion. A month earlier, floods in Europe caused 240 deaths and ...

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ADGM to adopt Monday to Friday working week

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from January 1, 2022, with Saturday and Sunday as the universal weekend. With the new working week, the UAE brings its business community and financial sector closer to global markets and real-time economic and trading activities. In support ...

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Enoc wins two awards

Dubai / WAM Enoc Group has been awarded the Corporate Social Responsibility Award for its innovatively designed Service Station of the Future, and the Customer Focus Award for its eLink Station at the 2021 Idea of the Year Awards. The Ideas UK Award is an international award recognising innovative ideas and rating innovative organisations based on global standards with an ...

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Dubai’s Emirates NBD joins UAE Trade Finance Gateway project

  Dubai / WAM Etihad Credit Insurance (ECI) signed an MoU with Emirates NBD and Crediti Fintech, for the implementation of the ‘UAE Trade Finance Gateway’. The receivables financing marketplace is designed to help businesses based in the UAE obtain fast and easy access to finance and boost their business, while supporting the UAE’s ‘Operation 300bn’ industrial strategy which aims ...

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Expo 2020 Dubai attracts more than 8 million visitors

  DUBAI / WAM Visits to Expo 2020 Dubai continue to climb substantially, increasing to 8,067,012 in the period up to December 27 as the most significant global gathering of 2021 continues to welcome visitors safely and responsibly. Expo’s stringent Covid-19 safety measures are designed to protect everyone on site, and include mandatory mask-wearing – indoors and outdoors – for ...

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Adafsa conducts 149,401 inspection visits in Q3

  Abu Dhabi / WAM In accordance with its regulatory role and responsibility to achieve the highest levels of food safety in Abu Dhabi, The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) carried out 149,401 inspection visits to food, agricultural, animal and veterinary facilities during third quarter of 2021. Inspections were conducted in Abu Dhabi at 17,456 food, agricultural, ...

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Enoc wins 2 awards for its sustainable innovations

  DUBAI / WAM Enoc Group has been awarded the Corporate Social Responsibility Award for its innovatively designed Service Station of the Future, and the Customer Focus Award for its eLink Station at the 2021 Idea of the Year Awards. The Ideas UK Award is an international award recognising innovative ideas and rating innovative organisations based on global standards with ...

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Malaysia showcases healthcare excellence at Expo 2020

  DUBAI / Emirates Business Malaysia Healthcare will be showcasing its excellence in healthcare service delivery during Week 14 of Expo 2020 Dubai. From January 2-8, 2022, expo participants can visit the Malaysia pavilion to discover Malaysia’s strengths as the fertility and cardiology hubs of Asia, cancer care centre of excellence, and hepatitis C treatment hub of Asia, showcased by ...

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World economy now set to surpass $100trn in 2022

  Bloomberg The world economy is set to surpass $100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research (CEBR). Global gross domestic product will be lifted by the continued recovery from the pandemic, although if inflation persists it may be hard for policy makers to avoid ...

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