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A ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and HRH Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, discussed ways of strengthening bilateral fraternal ties in a way that benefit their people. During official talks held ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 285,711 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) on Tuesday reported its financial results for the nine-month period ended September 30. The company’s net profit increased by 18 percent to AED333.7 million, compared to a net profit of AED282.8 million for the same period in 2020. Adnic’s gross written premium increased by 2.4 percent to AED3.24 billion compared ...

Bloomberg Britain must work with other countries to prevent friction on medicine rules post-Brexit to avoid being sidelined by the global drug industry, according to a report from the UK’s biggest pharmaceutical lobby group. The country must collaborate with ‘science allies’ such as the US, Canada and Australia in developing its post-Brexit medicines regulation or risk being left behind, the ...

Bloomberg The Biden administration looks to launch a global infrastructure financing program, intended to counter China’s Belt and Road initiative, with between five and 10 flagship projects announced as soon as January, a senior US official said. The “Build Back Better World” program will look to counter Chinese influence by offering funding for projects with higher labour standards, a focus ...

Bloomberg Countries looking to perk up their economies when interest rates are already at rock bottom might learn something from Germany. Last year’s surprise value-added tax cut by the government in Berlin unleashed about 34 billion euros ($39.4 billion) of household spending while only resulting in about 7 billion euros of lost budget revenue, a working paper published by the ...

Bloomberg Norway’s new government is proposing to cut electricity charges to protect households from the effects of the energy crisis, while raising taxes on the wealthy, as it makes changes to a 2022 budget drafted by its predecessors. The Labour-Center minority coalition’s proposal includes a new, lower electricity tax rate for the winter months, it said. The budget, which the ...

Bloomberg The US’s decision to remove tariffs on steel and aluminum from the European Union (EU) in a weekend deal with the bloc will help slow inflation for American consumers, Commerce Secretary Gina Raimondo said. Prices paid by US shoppers rise 5.4% in September, matching the fastest pace of increase since 2008. Unprecedented shipping challenges due in part to the Covid-19 ...

DUBAI / WAM The 100 Million Meals campaign, the largest of its kind in the region to provide food to more than 30 countries in the Arab world, Africa, Asia, Europe and South America, has successfully distributed 10,868,400 meals in the UAE, in collaboration with the UAE Food Bank. A total of 362,280 beneficiaries in the UAE, made up of ...

SHARJAH / WAM The real estate sector in the emirate of Sharjah has shown significant growth during Q3 2021, as the monetary value of real estate transactions amounted to AED5.7 billion by the end of September, through 16,781 transactions, according to a report issued by the Sharjah Real Estate Registration Department. These numbers marked a growth rate of 22.7 percent ...