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Enoc plans to expand its innovative eLink stations

  Dubai / WAM Enoc Link, the digital mobile fuel supply service for businesses and consumers in the UAE by Enoc group, on Thursday revealed its expansion plans for the eLink stations. The eLink station is a mobile fuelling format that enables motorists and customers with easy access and convenient fuelling services. Enoc Link has ambitious plans of opening ten ...

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Russia’s oil revenue jumps to $20 billion in May, says IEA

  Bloomberg Russia’s oil-export revenues surged to around $20 billion in May despite shipping lower volumes, as a rally in global energy prices buoyed its coffers, according to the International Energy Agency (IEA). That’s a 11% increase from a month earlier, taking Russia’s total revenue for shipping crude and oil products roughly back to levels before the invasion of Ukraine, ...

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EU leaders visit Kyiv after criticism over Ukraine war

Bloomberg The leaders of Germany, France, Italy and Romania are in Kyiv for talks with President Volodymyr Zelenskiy in by far the highest-profile visit to the country since Russia invaded at the end of February. They traveled overnight by train to Kyiv and were joined by Romania’s president in a show of solidarity ahead of an expected recommendation Friday from ...

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UAE President reviews details of Emirates Lunar Mission

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has reviewed the details of the Emirates Lunar Mission, which comes in line with the country’s ambitious strategy in exploring outer space. His Highness affirmed his confidence in the competencies of the UAE youth in leading this national mission which aims to reach new scientific horizons that ...

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Emirates NBD, Daman launch new ‘early payment scheme’

  Abu Dhabi / WAM Designed to support businesses operating in the UAE’s vital healthcare sector, the National Health Insurance Company – Daman, and Emirates NBD, a leading banking group in the Middle East, North Africa and Turkey (Menat) region, have announced the launch of a new financing initiative titled “Early Payment Scheme”. Daman’s ‘Early Payment Scheme’ leverages Emirates NBD ...

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ADFD-funded two grain silos opened in Jordan

  ABU DHABI / WAM Two grain silos have been inaugurated in Jordan’s Juwaideh and Aqaba regions following an extensive renovation. The project was carried out by Abu Dhabi Fund for Development (ADFD) to raise the capacity of the Juwaideh silo to 120,000 tonnes, and the Aqaba granary to 100,000 tonnes. The aim was to support the Jordan’s National Food ...

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Gas surges in Europe as heat wave clashes with supply cuts

  Bloomberg European natural gas prices jumped as reduced supplies raised concerns about the pace of refilling storage sites in time for next winter, just as a heat wave boosts demand for cooling. Benchmark futures rise as much as 8%, increasing for a third day. A liquefied natural gas export facility in the US — a vital source of supply ...

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Turkey: Position on Nato won’t change in blow to June summit

Bloomberg Turkey is maintaining its opposition to Sweden and Finland joining Nato unless they address its security concerns, President Recep Tayyip Erdogan said, leaving little hope that enlargement of the bloc could get underway by a summit this month. Finland and Sweden sought entry into the North Atlantic Treaty Organization following Russia’s attack on Ukraine, only to have their bids ...

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UAE ranks first globally for workforce business skills

  Abu Dhabi / WAM The UAE has enhanced its ranking to be first globally in overall business skills proficiency, according to Coursera’s latest Global Skills Report. In last year’s report, the country ranked second in the world and led the Middle East and North Africa region. Learners in the UAE were placed in the top 100 percentile, compared to ...

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Adex signs financing deal with Jordan’s bank to boost exports

  Abu Dhabi / WAM Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has announced the signing of a financing agreement with Capital Bank of Jordan, whereby a credit line of approximately AED73.4 million ($20 million) will be opened to support collaborative efforts to enhance UAE’s exports to the region and boost economies ...

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