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Remarkable progress in Dewa’s 30 MIG reservoir in Hatta

  Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has visited the water reservoir project Dewa is building in Hatta to review its progress. According to the project schedule, there is significant progress in the project’s work at 36.259% compared to the 32.6% target. The project has a capacity of 30 ...

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Fighting rages as Ukraine’s leader pleads for artillery

Bloomberg Russia continued its assault on Sievierodonetsk, pushing Ukrainian troops out of the center of Kyiv’s last major foothold in the Luhansk region. President Volodymyr Zelenskiy called the fighting “very fierce” and his top military commander pleaded for the US to send more artillery. Moscow’s use of cluster munitions and indiscriminate shelling in Kharkiv, Ukraine’s second-largest city, constitutes a war ...

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France closes gap on UK finance sector for foreign investments

  Bloomberg France’s financial sector is now the most popular destination in Europe for US backers, helping the country narrow the gap with the UK for foreign direct investment (FDI) in the industry. The country recorded a total of 60 FDI projects in finance last year — its highest in a decade, according to a survey by the professional services ...

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Dewa adopts smart systems to cut water network losses

Dubai / WAM Dubai Electricity and Water Authority (Dewa) is investing in its advanced smart grid and the latest technologies of the Fourth Industrial Revolution to enhance its leadership and global excellence in water network losses and is surpassing its global counterparts. In 2021, Dewa’s water network losses decreased to 5.3 percent. This is one of the best records globally ...

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Dubai enters new phase in developing its creative ecosystem

  Dubai / WAM The Higher Committee of the Al Quoz Creative Zone Development Project held a meeting, presided over by HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and Member of the Dubai Council, to review the Project’s progress and achievements in its first year. As part of the ...

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Dubai Customs certified ‘great place to work 2022’

Dubai / WAM Dubai Customs has been certified among the best workplaces in UAE for second year in a row in the large-size company category. The annual report is compiled by management consultancy Great Place to Work, which compiles the survey in 60 countries. Researchers send out a ‘trust index’ to employees of companies, which measures how they are being ...

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Final decision on Tanzania’s $40bn gas plan seen in 2025

  Bloomberg Tanzania is edging closer to its dream of developing a $40 billion liquefied natural gas project after the government and companies, including Equinor ASA and Shell Plc, signed initial agreements. The latest signing precedes a Host Government Agreement which is expected by the end of this year, according to President Samia Suluhu Hassan. The so-called HGA sets out ...

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China warns of risk of war over Taiwan while pledging peace

Bloomberg China’s defense chief issued one of the country’s strongest warnings yet about the risk of war over Taiwan, even as he reaffirmed Beijing’s commitment to maintain peace in Asia. In a speech to the region’s biggest security conference Sunday, Chinese Defense Minister Wei Fenghe repeatedly expressed Beijing’s willingness to fight to prevent a formal split by the democratically elected ...

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Brazil’s Bolsonaro asked Biden for re-election help against Lula

Bloomberg Brazilian President Jair Bolsonaro asked US President Joe Biden for help in his re-election bid during a private meeting on the sidelines of a regional summit this week, portraying his leftist opponent as a danger to US interests, according to people familiar with the matter. During the meeting, Biden underlined the importance of preserving the integrity of Brazil’s democratic ...

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Hiring crunch prompts UK firms to rethink expansion

  Bloomberg UK companies are scaling back their ambitions in response to chronic labour shortages that show few signs of abating, an employment group has warned. The report by the Recruitment and Employment Confederation and KPMG found job vacancies and placements both slowed in May, possible signs that employers are starting to “rethink their growth plans because of skills shortages ...

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