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Dubai / WAM Dubai Chamber of Commerce and Industry (Dubai Chamber) launched a new video series that showcases the impactful ways in which it will connect local and global business communities at Expo 2020 Dubai. The “En Route To The Expo” series focuses on business leaders from the UAE, sharing their thoughts on what they are expecting from the mega-event, ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE) has announced the launch of construction of a Wastewater Monitoring Lab in Abu Dhabi that will analyse wastewater samples and issue early warnings to prevent the spread of infectious diseases or harmful substances, as well as curb any adverse effects on the environment. The lab is being developed in ...

Bloomberg When hundreds of protesters gathered outside Japan’s embassy in Yangon during the height of nationwide anti-coup protests in February, Ambassador Ichiro Maruyama emerged from the gates with a firm warning for the junta: Release the detained civilian leadership “immediately.” The remarks, delivered in Burmese, drew applause from pro-democracy demonstrators hoping Japan would take concrete action to pressure Myanmar’s military, ...

Bloomberg Italian Prime Minister Mario Draghi made a bold call for more economic stimulus in European countries to help bring growth back to pre-pandemic levels. “Protracted uncertainty means that the case for monetary and fiscal expansion remains compelling,” the former European Central Bank (ECB) chief said in speech in Barcelona. “We will not reach this objective without additional effort. So ...

Bloomberg The International Monetary Fund (IMF) privately estimates that a deal allowing Argentina to reschedule payments on $45 billion owed to the lender will be pushed into 2022 as President Alberto Fernandez has little incentive to quickly agree on the basis of a new program. While the IMF has said it’s constructively engaging with Fernandez’s administration, negotiations entailing fiscal austerity ...

Bloomberg The outlook for the UK’s sovereign debt score has been upgraded to stable by Fitch Ratings, which said that the country’s economy and public finances have proved more resilient to the pandemic shock than the credit assessor had anticipated. Fitch previously had a negative outlook on the UK, but the country avoided being downgraded, with the firm keeping its ...

Bloomberg US retail sales declined in May, after a stimulus-related splurge in the prior two months, suggesting consumers are starting to shift more of their spending to services as economy reopens. The total value of retail purchases fall 1.3% in May following an upwardly revised 0.9% gain in April, Commerce Department figures showed. The median estimate in a Bloomberg survey ...

Abu Dhabi / WAM The UAE government has developed innovative and effective solutions to energy and infrastructure challenges, as part of the first batch of the “Nothing Is Impossible Hackathon” model for students of national and international universities. The Hackathon, organised by the Ministry of Possibilities, aimed at enhancing student participation in designing the new generation of government practices to ...

Dubai / WAM The Supreme Committee of Crisis and Disaster Management in Dubai, headed by His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, announced updates to Dubai’s travel protocols for inbound passengers from South Africa, Nigeria and India, effective from Wednesday June 23. The updates are part of the Committee’s keenness to protect passengers and ease hassles for ...

Sharjah / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, met with Lars Pira Perez, Ambassador of the Republic of Guatemala to the UAE, to bring new momentum in bilateral engagement, particularly in the areas of renewable energy, culture, and tourism. The two parties explored avenues to enhance cooperation and build bridges between ...