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Bloomberg President Alberto Fernandez of Argentina, one of the world’s powerhouse food suppliers, is threatening farmers with a tax hike or quota for exports as he seeks relief for families grappling with inflation that’s forecast to reach 47% this year. If the farm industry continues to sell food at home for the same prices at which it exports, the government ...

Bloomberg The French government said it will provide another 300 million euros for projects to quickly increase the production of vaccines and treatments for Covid, extending its previous pledges of state aid for the pharmaceutical sector. Last year, the French government picked 17 projects for a total of 160 million euros of aid covering both mature and innovative medicines. Those ...

Bloomberg Treasury Secretary Janet Yellen said the US can return to full employment in 2022 if it enacts a robust enough coronavirus stimulus package, but otherwise risks a slower rebound in jobs and the economy. “I’m afraid that the job market is stalling,” she said on CBS’s “Face the Nation,” in one of two interviews. Yellen said that low-wage earners, ...

DUBAI / WAM Dubai Land Department (DLD) announced that its electronic Prestige Cards programme for VIP owners achieved exceptional performance success shortly following the initiative’s launch in December 2020, whereby DLD issued over 32,000 cards from its four categories, comprising 73 platinum cards, 258 diamond cards, 1,950 gold cards, and 28,829 silver cards, while 1,027 crown cards were issued for ...

Abu Dhabi / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, has partnered with the UAE International Invers Council (UAEIIC) to support Emirati investments abroad and protect UAE export businesses globally. Both ECI and UAEIIC have the mandate to accelerate national economic diversification and sustain the competitiveness of businesses operating in the UAE. The alliance will help ...

ABU DHABI / WAM The United Arab Emirates has welcomed the decision by the Kingdom of Denmark to lift the temporary suspension on flights originating from the UAE starting from February 7. The decision by Danish authorities to require travellers from all countries to receive a negative PCR test result 24 hours prior to travel and quarantine for a period ...

RIYADH / WAM The Joint Coalition Forces have intercepted and destroyed this evening additional bomb-laden UAVs. This was stated by the official Spokesman of the Coalition to Restore Legitimacy in Yemen Brigadier General Turki Al-Malki. “A total of (4) bomb-laden UAVs launched systematically and deliberately by the terrorist Houthi militia to target civilians and civilian objects in the Southern Region ...

Bloomberg One year after the first glimmers of the catastrophe awaiting global oil markets — from deserted Chinese cities to grounded jets — crude is staging a remarkable turnaround. The crisis triggered by the deadly coronavirus was the worst the petroleum industry has ever seen. Fuel demand crashed by a fifth, prices slumped below zero, producers fought viciously over customers, ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has registered a new patent for its Hydronet project, adding to its track record of achievements. The Hydronet project uses Artificial Intelligence (AI) and Deep Learning to monitor and control the water network in Dubai remotely. The project can be integrated with any SCADA system and provide real-time insights on the ...

SHARJAH / WAM Al Jawaher Reception and Convention Centre (JRCC), Sharjah’s largest high-end venue for all types of social and corporate events and catering services, has announced that it is open for business again after weathering the unprecedented challenges presented by 2020, utilising the down-time for maintenance and refurbishment work that has served to enhance its world-class amenities. “JRCC plays ...