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Abu Dhabi Ports aims to explore partnerships in global markets

  Abu Dhabi / WAM Mohamed Juma Al Shamisi, Group CEO of Abu Dhabi Ports, has said that the group aims to explore opportunities and partnerships in regional and international markets by signing international partnership agreements. In his statement to the Emirates News Agency (WAM), Al Shamsi said the group’s investments will help improve the emirate’s stature as a key ...

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UAE condemns Houthi attempt to target Saudi Arabia’s Jazan province

  Abu Dhabi / WAM The United Arab Emirates strongly condemned and denounced the terrorist Houthi militias’ crime of targeting the Governorate of Samta in Saudi Arabia’s Jazan Province with a projectile, which killed two and wounded a number of civilians. In a statement issued by the Ministry of Foreign Affairs and International Cooperation (MOFAIC), the UAE expressed condolences for ...

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Dubai launches ‘one-stop-shop’ for timeshare operators

  DUBAI / WAM In a move that further contributes to realising the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the world’s best city to live, work and visit, Dubai’s Department of Economy and Tourism (DET) has launched an online portal that ...

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Exxon cuts Baytown refinery rates after extinguishing fire

  Bloomberg Exxon Mobil Corp says an overnight fire at its Baytown, Texas, refinery that injured four people has been extinguished. The blaze occurred at 1 am local time at the plant, which is the fourth-largest in the US, capable of processing more than half a million barrels of oil a day. Gasoline trading in New York jumped as much ...

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Japan won’t send government delegation to Beijing Olympics

  Bloomberg Japan won’t send any government representatives to the Beijing Winter Olympics, effectively throwing its support behind the US-led diplomatic boycott of the games that start in February. Chief Cabinet Secretary Hirokazu Matsuno announced that Japan would dispatch three top members of the teams that helped organize this year’s Tokyo Olympics and Paralympics. He added the government had reached ...

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Trudeau says China ‘playing’ Western states against each other

  Bloomberg Canadian Prime Minister Justin Trudeau said China has been “playing” Western states against each other and that democracies should present a “united front” in response. “There’s been a bit of competition amongst friends because we’re capitalist democracies trying to do well, especially given the extraordinary economic opportunity of the rise in the Chinese middle class,” Trudeau said in ...

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US consumer prices rise 5.7% in November, fastest in 39 years

  Bloomberg US consumers took a breather in November a month after an early holiday spending surge, but that pause risks becoming more lasting if Americans pull back when faced with both the fastest inflation in decades and the omicron variant. Purchases of goods and services, after adjusting for higher prices, were little changed following a solid 0.7% gain in ...

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Canada plans to join Mexico in complaint on US car-origin rules

  Bloomberg Canada plans to formally join Mexico in calling for an arbitration panel to resolve a dispute with the US over how to interpret rules governing the origin of vehicle parts. The two countries expect to request in the first days of January the creation of a tribunal of experts to rule on the matter as allowed under the ...

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Sunak unveils $1.3 billion for firms hit by Omicron fallout

  Bloomberg Rishi Sunak announced a billion pounds ($1.3 billion) of support for UK hospitality businesses struggling with slumping demand triggered by a record wave of Covid-19 infections, as he declined to rule out further curbs to tackle the fast-spreading omicron variant. Restaurants and other eligible hospitality and leisure businesses will be able to claim cash grants worth up to ...

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Intel to expand business in France, Germany and Italy

  Bloomberg Intel Corp’s global push to increase capacity will include adding facilities in France and Italy, as well as putting a major production site in Germany. France will be home to a research and design center, and Italy will be the location of a test and assembly factory, according to the people, who asked not to be identified because ...

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