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EGA starts up first section of Al Taweelah smelter expansion

Dubai / WAM Emirates Global Aluminium (EGA) on Tuesday announced the start-up of the first section of an expansion to the company’s Al Taweelah smelter. The 26 new reduction cells at potline 1 at Al Taweelah will now ramp-up to produce some 30,000 tonnes of aluminium per year, the company said in a statement on Tuesday. In total, EGA is ...

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UAE sends food aid to Comoros

Abu Dhabi / WAM The UAE on Tuesday sent an aid plane containing 43 metric tons of food to Union of the Comoros as part of its humanitarian initiatives during the Holy Month of Ramadan to meet the needs of thousands of families with limited income. This comes against the backdrop of ongoing efforts to assist those affected by the ...

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First Emirati female astronaut is a UAEU alumna

ABU DHABI / WAM The first female Arab astronaut, Nora Al Matrooshi, is one of its graduates and had obtained a Bachelor’s Degree in Mechanical Engineering from the university in 2015, the United Arab Emirates University announced. Zaki Anwar Nusseibeh, the Cultural Advisor to the President of the UAE and the Chancellor of UAE University, expressed his deep appreciation and ...

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Etihad launches sale to Athens from AED995 return in economy

ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, has launched a sale on fares to Greece, as travellers from the UAE are not required to quarantine on arrival. Fly from Abu Dhabi to Athens in Economy for just AED 995 return or AED 9,995 in Business. Fares are valid until May 3 for travel ...

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Myanmar’s junta rebuffs Asean plan to end months of violence

Bloomberg Myanmar’s military government rebuffed a plan by Southeast Asian leaders to help end violence in the country, saying any “suggestions” would need to fit with the junta’s stated roadmap and come after “stability” is restored. Leaders of the 10-member Association of Southeast Asian Nations, including coup chief Min Aung Hlaing, appeared to reach a five-point “consensus” on Myanmar during ...

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Inspections of hazardous material in Abu Dhabi facilities complete

Abu Dhabi / WAM The implementation team of the Hazardous Materials Monitoring Programme in Abu Dhabi has completed the inventory and classification of hazardous materials. They have checked the preventive and safety measures in the stores selling hazardous materials and taken appropriate corrective measures. The team was led by Brigadier Humaid Saeed Alefreet, Deputy Director of Security and Ports Affairs ...

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UAE sends food aid to Mauritania

Abu Dhabi / WAM The UAE on Monday sent an aid plane containing 49 metric tons of food to Mauritania as part of its humanitarian initiatives during the Holy Month of Ramadan to assist those facing humanitarian challenges resulting from the Covid-19 pandemic. Hamad Ghanem Al Mehairi, UAE Ambassador to the Islamic Republic of Mauritania, said, “The UAE constantly seeks ...

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Hamriyah Free Zone remains first choice for foreign investments

Sharjah / WAM The Hamriyah Free Zone (HFZA)-based Awail Al-Sham, owner of the Al Awail brand for prayer times clock and other innovative e-products, has announced that its products have become available in 100 markets worldwide, as opposed to 50 markets in 2013, the year in which the company has opted for the HFZA as its new headquarters, achieving a ...

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China broadens its antitrust crackdown with Meituan probe

Bloomberg China’s government has expanded its antitrust crackdown beyond Jack Ma’s technology empire, launching an investigation into suspected monopolistic practices by food-delivery behemoth Meituan. The State Administration for Market Regulation (SAMR) announced the investigation, which began recently, in a statement. The antitrust watchdog is looking into alleged abuses including forced exclusivity arrangements known as “pick one of two.” The company ...

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China’s CICC fends off Wall Street with hiring, takeovers

Bloomberg As global banks make inroads into China’s $15 trillion asset management market, China International Capital Corp is launching a counter-offensive spanning from overseas acquisitions to hiring. CICC is searching for potential targets among medium-sized, Asia-focused managers including stock houses and hedge funds, said Frank Xu, head of asset management. Without takeovers, the size of his business line is already ...

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