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Ajman, India explore ways to boost commercial cooperation

Ajman / WAM Salem Al Suwaidi, Director-General of the Ajman Chamber of Commerce and Industry, discussed, with K. Kalimutu, Indian Consul General for Trade and Economy to Dubai, ways of enhancing the commercial and economic cooperation between the UAE, specifically the emirate of Ajman, and India. During the meeting, which was held at the headquarters of the chamber and attended ...

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UAE welcomes 41 Afghan evacuees on humanitarian grounds

Abu Dhabi / WAM The United Arab Emirates has welcomed 41 Afghan evacuees, including members of the Afghan girls’ cycling and robotic teams, as well as at-risk human rights activists and their family members. The evacuation operation was sponsored by and conducted in cooperation with the Centre for Israel and Jewish Affairs and IsraAID, which accompanied the group following their ...

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Emirates transports 1.2m passengers in July, August

Dubai / WAM Over the summer travel months of July and August, Emirates handled nearly 1.2 million customers at its hub, compared to 402,000 customers during the same period in 2020, highlighting the safe and smooth resumption of international travel to and through Dubai. In fact, in 2020, Emirates was the largest international airline carrying over 15.8 million passengers, according ...

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EGA launches industrial robotics contest for university students

DUBAI / WAM Emirates Global Aluminium (EGA) on Monday announced the launch of this year’s edition of the company’s Al Robot competition, which challenges university students to design and build industrial robots for use at EGA’s aluminium smelters. The Al Robot competition is now in its fourth year, and aims to support young people to develop real world skills in ...

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Toshiba warns power-chip supply to stay tight for now

Bloomberg Toshiba Corp said it won’t be able to meet demand for power-regulating chips for another year and, in certain cases, through the end of 2022, offering a fresh warning for makers of cars, consumer electronics and industrial machines struggling with component shortages. “The supply of chips will remain very tight until at least September next year,” said Takeshi Kamebuchi, ...

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Mikati’s M1 to invest $33m after buying Telenor Myanmar

Bloomberg Lebanese investment firm M1 Group pledged to spend $330 million over the next three years to expand the Myanmar telecom business it’s buying from Norway’s Telenor ASA, bucking moves by many international investors to exit the Southeast Asian nation after the military seized power in February. The funds will be used for network expansion, broadband infrastructure and services, M1 ...

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Taliban say international flights from Afghanistan to start soon

Bloomberg The Taliban said international flights from Afghanistan will resume shortly as Qatar and Turkey help restart operations at Kabul airport and the group has complete control over the country with the last pocket of resistance in the north now defeated. “Domestic flights have already started and we’re waiting to hear when we can start overseas flights,” Taliban spokesman Zabihullah ...

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Global green bond sales hit record $39.1 billion

Bloomberg The green bond market is hotting up again with investors bracing for a potentially record month of sovereign sales. Spain, Colombia and the UK are due to offer their inaugural green bonds this month, with the latter expected to “certainly be the largest” in the world by Chancellor of the Exchequer Rishi Sunak. That’s in addition to established issuer ...

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Johnson’s $47 billion NHS plan resisted by Treasury, says Times

Bloomberg UK Prime Minister Boris Johnson’s plan to reform health and social care by handing 34 billion pounds ($47 billion) to the National Health Service (NHS) faces resistance from the Treasury, the Sunday Times has reported. Johnson’s cash boost is designed to kick-start a period of policy reforms, including a plan to cap the amount that people have to pay ...

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Spain sticks to raise minimum wage to reduce wealth gap

Bloomberg Spain is sticking to its strategy of raising the minimum wage to tackle the growing wealth gap in the country amid the fastest acceleration in inflation in nearly a decade, Economy Minister Nadia Calvino said. “It’s an important instrument to reduce inequality, which has risen in our country in the past years,” Calvino, who also serves as deputy prime ...

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