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ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD) Board of Directors approved the allocation of AED735 million ($200 million) for Abu Dhabi Exports Office (Adex) to accommodate export financing that will help spur the growth of exports of UAE national companies. The 2021 budget allocation increased by 33.3 percent, with AED184 million ($50 million) over the 2020 ...

ABU DHABI / WAM Mohammed Thani Al Rumaithi, Chairman of the Federation of the UAE Chambers of Commerce and Industry, received Moez Benmim, Ambassador of Tunisia to the UAE, to discuss with him means of bolstering joint trade cooperation to serve the business environment of both countries. During the meeting held at the chamber’s tower in Abu Dhabi, both sides ...

Sharjah / WAM The Department of Government Relations (DGR) in Sharjah, and the Embassy of Singapore in the UAE, have explored ways to further strengthen collaboration in sustainable development, education, and infrastructure. The two parties also discussed the establishment of investment partnerships in new and emerging sectors which they are prioritising to keep abreast of the shifts in market demand. ...

Bloomberg Royal Dutch Shell Plc and seven banks accused one of Nigeria’s largest oil producers of defaulting on loan repayments that stand at more than $900 million and are locked in a court battle to reclaim the money, legal documents show. The previously unreported impasse stems from a deal that Aiteo Eastern E&P Co. did six years ago to purchase ...

Bloomberg Dozens of Myanmar protesters were killed in clashes with the military and police in the deadliest weekend since the February coup, sparking condemnation from governments around the world. At least 114 people died on Saturday, including civilians who weren’t taking part in demonstrations, according to rights group Assistance Association for Political Prisoners. Another nine deaths were reported on Sunday, ...

Sharjah / WAM The Hamriyah Free Zone-based ATS Terminals FZE increased its tank storage capacity from 42,000 CBM to 72,000 CBM, at a total investment of AED 55 million. The state-of-the-art terminal is completely automated with efficient and new-generation tank monitoring and loading systems, tank gauging systems, automated firefighting systems, and 24 /7 security surveillance. ATS Terminals FZE offers services ...

Sharjah / WAM Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber, received Avni Arifi, ambassador of Kosovo to the UAE, to discuss means of strengthening the economic, commercial, and investment relations between the UAE and Kosovo. Held in the presence of Raghda Hamad Taryam, Board Member, Mohammed Ahmed Amin Al Awadi, Director-General of the SCCI, and a number of ...

Abu Dhabi / WAM In response to growing demand for electric vehicle infrastructure (ION) the UAE-based sustainable transportation joint venture between Bee’ah and Crescent Enterprises, installed high-power, ultra-fast charging stations with a total capacity of up to 350KW, on Yas Island, Abu Dhabi. Capable of charging electric vehicles (EV) through a connection to a user interface unit, the stations can ...

Abu Dhabi / WAM While schools throughout Abu Dhabi will be on a two-week spring break from March 28, the Abu Dhabi Department of Education and Knowledge (ADEK) intends to keep students entertained and enrich their learning opportunities with the launch of 2021 #NeverStopLearning activities programme. Under the programme, students in Grade 10/Year 11 to Grade 12/Year 13 can join ...

Bloomberg Russia will start its first trial of a marketplace to trade carbon credits on the remote Far East region of Sakhalin starting next year, as the world’s largest energy exporter faces criticism for being slow to reduce greenhouse-gas emissions. The goal is to have the region become carbon neutral by 2025, Deputy Economy Minister Ilya Torosov said in an ...