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Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Tuesday that it has signed long-term gas sales agreements with two of the United Arab Emirates’ (UAE) leading industrial companies: Emirates Steel (ES), the largest integrated steel producer in the UAE, and Arkan, a construction and building materials company in Abu Dhabi. The agreements underscore the role ...

Abu Dhabi / WAM Aldar Properties (Aldar) announced the launch of 189 standalone villas at Noya Luma on Yas Island. Noya Luma sits adjacent to the rest of the Noya community on the north side of the island and is open to buyers from all nationalities on a freehold basis. With significant interest registered in four-bedroom villas during the first ...

Moscow / WAM The Director-General of Emirates News Agency (WAM), Mohammed Jalal Al Rayssi, met Mikhail Gusman, First Deputy Director-General of Russian News Agency (TASS), and discussed ways to enhance cooperation and exchange of experiences between the two news agencies, based on the well-established UAE-Russia relations. This came during the visit of Al Rayssi to the headquarters of TASS, accompanied ...

DUBAI / WAM The constant and rapid accumulation of data on smart devices has driven the development of several innovative businesses that are enabled by data. This has led to the emergence of the global data economy in which companies and countries are collecting, processing and analysing data to generate insights but also underpin artificial intelligence (AI) and machine learning ...

Bloomberg Malian Vice President Assimi Goita said he fired the nation’s president and prime minister, hours after the two men were detained by mutinous soldiers. “In light of recent events, I feel obliged to relieve the president and prime minister of their functions to defend the republic,” Goita said in a statement read on state television on Tuesday by Baba ...

Bloomberg Germany has suffered a 300 billion-euro ($366 billion) blow from fallout linked to the coronavirus and the economic damage will take years to fix, according to research group IW Cologne. The pandemic is projected to slash about 100 billion euros ($122.59 billion) from the output of Europe’s largest economy in the first half of 2021, adding to the hit ...

Bloomberg The UK posted a 31.7 billion-pound budget deficit ($45 billion) in April as the new fiscal year got under way. The shortfall reported by the Office for National Statistics on Tuesday was in line with the median forecast of economists but well below the 47.3 billion pounds registered in April last year, when the first coronavirus lockdown pummeled the ...

Bloomberg Sales of previously owned US homes dropped unexpectedly in April for a third straight month as an inventory crunch pushed up prices by the most on record and restrained purchases. Contract closings decreased 2.7% from the prior month to an annualised 5.85 million, the slowest pace since June, according to data from the National Association of Realtors. The median ...

Bloomberg Poland has “undoubtedly” emerged from its first economic slump in three decades, while European Union (EU) stimulus and a government plan to boost spending will stabilise the economy and ensure strong growth in the coming years, Deputy Prime Minister Jaroslaw Gowin said. Polish output shrinks for a fourth straight quarter in the first three months of this year. But ...

Dubai / WAM The sixth edition of the Global Business Forum (GBF) Africa is set to take place on October 13-14, under the theme Transformation Through Trade, Dubai Chamber of Commerce and Industry has announced. Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ...