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Frozen crypto payments in India hurt trade

  Bloomberg When Surojit Chatterjee walked on stage at a Coinbase Global Inc conference in Bengaluru, India, he had little reason to anticipate the fallout that would shortly ensue. Chatterjee, the company’s chief product officer, told the audience that crypto investors would now be able to use the country’s online retail payments system to transfer funds to its local exchange. ...

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Abramovich visits Kyiv, seeks to revive Ukraine-Russia talks

Bloomberg Billionaire Roman Abramovich has travelled to Kyiv in a bid to restart peace talks between Russia and Ukraine, which stalled after evidence emerged of Russian atrocities against civilians. Abramovich met with Ukrainian negotiators to discuss ways of reviving the negotiations, according to people with knowledge of the matter. The Russian billionaire, who has longtime ties to President Vladimir Putin, ...

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Sheikh Mohamed, Bahrain King discuss consolidating relations

SAKHIR / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed with His Majesty King Hamad bin Isa Al Khalifa of Bahrain, the prospects of further consolidating the fraternal relations between the two nations across all fields. During the meeting, which took place at the ...

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‘Investopia’ is first UAE trademark to register under Madrid Protocol

  Abu Dhabi / WAM The Ministry of Economy (MoE) has received the request to register the Investopia Summit trademark internationally, in line with the country’s accession to the Madrid Protocol for International Trademark Registration. Once the procedure is complete, the registration with World Intellectual Property Organisation (WIPO) will protect the Summit’s trademark in more than 125 countries that are ...

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Bahraini minister hails ‘longstanding partnership with UAE’

  MANAMA / WAM Ali bin Mohammed Al Rumaihi, the Minister of Information Affairs, has articulated the importance of the longstanding partnership between the United Arab Emirates and the Kingdom of Bahrain, and the progress it is steadily witnessing at all levels, thanks to the keenness of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and His Majesty King ...

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China is planning record wind, solar power additions this year

  Bloomberg China is set to install a record amount of wind and solar power capacity this year as the country strives to meet climate goals while reducing its reliance on the rest of the world for energy. China will add 140 gigawatts of capacity from the clean energy sources, said Tao Ye, a researcher with the National Development and ...

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US senator warns China will pay bigger price for bullying Taiwan

Bloomberg A group of senior US senators delivered a message of support for Taiwan during a visit, a move that China answered with a display of military force. Members of the delegation, including Republican Lindsey Graham, told Beijing that the US will start making China account for bullying Taiwan and supporting Russian President Vladimir Putin’s invasion of Ukraine. “Here is ...

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ADX rebrands ‘growth market’ to boost private sector listings

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has announced the rebranding of its Second Market, a key equity market on the exchange that connects investors and privately owned business, complementing Abu Dhabi’s fast-developing ecosystem for companies that are looking to catalyse their growth. The Growth Market, which replaces the Second Market established in 2014, offers companies ...

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Dubai Chamber sees $3mn cost savings from paperless strategy

  Dubai / WAM Dubai Chamber of Commerce revealed it has recorded AED11 million ($2.99 million) in cost savings and saved one million sheets of paper in 2021 after obtaining the 100 percent Paperless Stamp from the Dubai Digital Authority. The estimated value of savings reflects the cost of printing, time and transportation to the chamber’s customer happiness centres. Last year, ...

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Emirates to launch NFTs

  Dubai / WAM Emirates will soon launch Non-Fungible Tokens (NFTs) and exciting experiences in the metaverse for its customers and employees. The airline, which has earned a reputation for its innovative products and customer-centric services, today unveiled its plans to build signature brand experiences in the metaverse, alongside both collectible and utility-based NFTs. The first projects are already underway, ...

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