DUBAI / WAM Expo 2020 Dubai recorded more than one million visits last Friday, Saturday and Sunday as visitors say their final goodbyes to what has been a spectacular six months. More well-wishers are expected to flock to the site in the remaining three days to be part of the World Expo’s closing action and entertainment – including what ...
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DP World launches e-commerce platform in Tanzania
DAR ES SALAAM / WAM DP World on Tuesday announced the launch of its wholesale e-commerce platform Dubuy.com in Tanzania. The online marketplace will give Tanzanian businesses better access to international markets. It will also provide a more secure and reliable supply chain, through DP World’s worldwide ports and logistics network. The new platform enables Tanzanian businesses to buy ...
Read More »Southwest Gas sets share sale price below Icahn’s rejected offer
Bloomberg Southwest Gas Holdings Inc priced shares at $74 apiece in a stock sale to fund its $2 billion acquisition of a pipeline company that activist investor Carl Icahn tried to block. The price is below an offer made by Icahn, who has been rebuffed in efforts to take over the utility owner. Southwest Gas will raise about $392.5 ...
Read More »Russia says it will sharply cut military operations near Kyiv
Bloomberg Moscow said it would sharply cut military operations near the Ukrainian capital of Kyiv and Chernihiv after negotiators from Ukraine and Russia held discussions in Turkey aimed at de-escalating the war. A Ukrainian negotiator said the country is seeking international security guarantees for territory that doesn’t include the separatist-controlled areas of Donbas and Crimea. Russia indicated the talks could ...
Read More »Sheikh Abdullah takes part in ‘Negev Summit’ in Israel
Israel / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, participated in the “Negev Summit”, which began its activities in the southern Negev Desert, upon an invitation from Yair Lapid, Minister of Foreign Affairs of Israel. Other participants in the summit were Antony Blinken, US Secretary of State; Sameh Shoukry, Minister ...
Read More »Sharjah, Guatemala to boost trade, economic cooperation
Sharjah / WAM Sharjah Chamber of Commerce and Industry (SCCI) has signed a memorandum of understanding (MoU) with the Government of the Republic of Guatemala, represented by the economy, tourism, and the investment ministries. The MoU aims to strengthen trade relations and develop mutual cooperation, encourage and facilitate economic cooperation between business communities in both friendly countries, said an ...
Read More »Centre of Digital Health established in Abu Dhabi
Abu Dhabi / WAM Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, Pure Health, the largest integrated healthcare platform in the UAE, and G42 Healthcare, Abu Dhabi based leading health tech company, signed a memorandum of understanding (MoU) to establish the Centre of Digital Health (CDH) in the emirate of Abu ...
Read More »Biden seeks to temper remark on Putin as US allies object
Bloomberg President Joe Biden sought to clarify his call for the removal of Vladimir Putin, saying he wasn’t seeking regime change after European allies raised concern and critics said he was further inflaming tension with Russia. French President Emmanuel Macron and the UK government distanced themselves from Biden’s stunning comment, which capped a speech in Warsaw to rally support for ...
Read More »Russia-Ukraine war shakes German industry to the core
Bloomberg Germany’s industrial base, just emerging from pandemic and unprecedented supply-chain challenges, is taking another beating with Russia’s war on Ukraine hitting its powerhouse car, chemical and precision machinery manufacturers. As the conflict pushes energy costs to new heights and a wave of inflation builds, scores of companies including BMW AG, BASF SE and ThyssenKrupp AG have warned their ...
Read More »AIM 2022 to tackle investment strategies to boost businesses
Abu Dhabi / WAM The UAE’s excellent handling of the pandemic and the implementation of key business accelerators are being seen by economic experts as strategic factors in the continued growth of Foreign Direct Investment (FDI) into the country. Looking to create more interest in investing not only in the UAE but also across the globe, the 2022 edition ...
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