Bloomberg Oil set a fresh one-year high in New York with continued producer supply curbs helping spur strength everywhere from physical markets to the futures curve. Futures gained 1.1% in New York to the highest since late January 2020, while Brent crude remained just under $60 a barrel in London. The number of vessels sailing towards China jumped to a ...
Read More »Bloomberg Sinovac Biotech Ltd received regulatory approval from Chinese authorities for its coronavirus vaccine to be used by the general public in the country’s second such authorisation. The conditional approval was announced by the National Medical Products Administration on Saturday. Sinovac earlier said the protective efficacy of its vaccine, CoronaVac, met World Health Organization and China regulatory standards 14 days ...
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Dubai / WAM The grand economic vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has led to the creation of thriving technology hubs like Dubai Internet City that have transformed the industry in the region and made Dubai a major global innovation and start-up hotspot, said ...
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ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP), announced that it conducted 150,706 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Saturday, 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 ...
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Abu Dhabi / WAM The UAE’s decisive and swift handling of the Covid-19 crisis, has shown the efficiency of the measures taken since the outbreak of pandemic. Administering more than four million Covid-19 vaccine doses and conducting over 26 million tests is yet another proof that the UAE is confidently striding towards recovery, thanks to the vision of our wise ...
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ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry, in cooperation with the Pakistan Business Professional Council in Abu Dhabi and the UAE Ministry of Economy, has hosted a webinar, entitled “Latest Updates on UAE Economy 2021 and New FDI Law:100% Foreign Ownership”. The webinar presented a general overview of the UAE economy in 2021, and new ...
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Dubai / Emirates Business Let’s Organic, the region’s leading organic products retailer three-day Let’s Organic’s Festival ends on a high note. The sale, which began on February 4, showcased the largest variety of organic products from over 200+ renowned brands with exciting offers and discounts of up to 75% on all products. Customers explored their products both in-store and online ...
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Abu Dhabi / Emirates Business As the world assess the impact of Covid-19 pandemic, few things are becoming increasingly clear. One – in the short run (till we have herd immunity or effective vaccine available for all) we have to learn to live with the virus by maintaining the social distancing and be careful in our movements. Second – some ...
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Bloomberg Business activity in the Arab world’s two largest economies improved at the start of 2021, with the United Arab Emirates seeing growth in its job market. Non-oil private sector activity in Saudi Arabia soared during January as new work levels increased and operating conditions improved in the UAE, helped by an expansion in new orders and output. Purchasing Managers’ ...
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ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) on Wednesday signed three memoranda of understanding (MoUs) with the Government of Turkmenistan aimed at strengthening economic and development cooperation through investment in vital sectors that would benefit economies of both countries. The first MoU involved the establishment of an investment company in Turkmenistan with a target capital of AED370 ...
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