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Saudi backs UAE’s bid for UN Security Council membership

NEW YORK / WAM Deputy Permanent Representative of the Kingdom of Saudi Arabia to the United Nations Dr Khalid bin Muhammad Manzalawi has affirmed that the Kingdom of Saudi Arabia supports the UAE in its candidacy for non-permanent membership of the UN Security Council (UNSC) for the period 2022-2023, urging countries to support its candidacy. In his speech during the ...

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UAE region’s most active nations in providing economic incentives

Abu Dhabi / WAM The Ministry of Economy has said that the UAE is among the most active countries in the Middle East and North Africa in providing financial and cash incentives to support its markets, banks and economic activities in recent months. In its study, the ministry explained that the incentives and measures launched by the country have been ...

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Abu Dhabi launches project to back mSMEs

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added), announced that it is implementing the micro, small and medium-sized enterprises (mSME) coalition project in cooperation with more than 40 federal and local government and semi-government entities as well as the private sector. The initiative has been designed to create a tightly knit system that supports these companies ...

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UAE, North Macedonia discuss Covid-19 countermeasures

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, held a video call with Nikola Dimitrov, Minister of Foreign Affairs for North Macedonia, in which they discussed a number of issues of common concern, including new avenues for cooperation and efforts to contain Covid-19. The ministers noted the friendly ties ...

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Dubai Chamber: UAE-Russia food trade has potential for growth

Dubai / WAM UAE-Russia food trade has increased steadily in recent years due to cooperation on food security and Moscow’s efforts to diversify exports. Yet, a Dubai Chamber of Commerce and Industry webinar revealed that much potential still remains in both traditional categories and niche markets. The webinar, titled ”Russia-UAE Food Trade in the Post-Covid-19 Era”, attracted 131 participants from ...

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UAE sends medical aid to Lima, Peru to fight Covid-19

ABU DHABI / WAM The UAE on Thursday sent an aid plane carrying five metric tons of medical supplies to Lima, Peru to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 5,000 medical professionals as they work to contain the virus. To date, the UAE has responded to the Covid-19 crisis by providing ...

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Etihad supporting UAE’s humanitarian relief missions

Abu Dhabi / WAM Etihad Airways, the national airline of the UAE, in cooperation with the UAE Ministry of Foreign Affairs and International Cooperation, has transported humanitarian aid from the government of the United Arab Emirates to 54 destinations. To date, Etihad Airways operated 106 UAE humanitarian aid charters to 54 destinations and played a key role in transporting medical ...

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SZBA seminar explores digital impact on publishing sector

Abu Dhabi / WAM The Sheikh Zayed Book Award (SZBA) has explored digital impact on the publishing sector during a seminar entitled ‘Building a Digital Ecosystem for Knowledge’. Moderated by Saeed Hamdan Al Tunaiji, Director of Publishing at the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, the seminar was attended by Abdulla Majid al Ali, Executive ...

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Facebook and Google risk breakups

Bloomberg The UK’s Competition and Markets Authority (CMA) called for sweeping new powers to roll back the dominance of Google and Facebook Inc. in the online-advertising market, a move designed to push global regulators to be more aggressive against the tech giants. The watchdog said a new regime should have the ability to respond far more quickly to digital monopolies ...

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Hertz, creditors in $11b standoff over used cars

Bloomberg Bankrupt Hertz Global Holdings Inc. and its bondholders are squaring off over how to shrink its nearly half-a-million vehicle fleet. Market watchers say the outcome could upend the multi-billion dollar lease-backed ABS industry. The cars are housed in an entity linked to Hertz’s asset-backed securities and leased to the rental giant. Normally, when a company with ABS files for ...

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