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DUBAI / WAM The 50-year Development Plan Committee, in partnership with the General Women’s Union (GWU) launched several discussion panels for the preparation for the next 50 years plan under the title “Planning for the Fifty-Fifty … Women are Support for the Homeland”. The discussions, under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union ...

Bloomberg Chile’s government is considering ways to boost the attractiveness of green-hydrogen projects as the biggest copper-producing nation strives to become carbon neutral. “We will announce the details early November,” Energy Minister Juan Carlos Jobet said in an interview in Santiago. “It will come in the form of some financial assistance to allow investors to have returns during the early ...

Bloomberg US Secretary of State Michael Pompeo will shorten his travel to Asia this week as the White House deals with the spread of the coronavirus among its top officials. Pompeo will visit Tokyo till October 6 for a meeting of the foreign ministers of four of the Indo-Pacific region’s biggest democracies, State Department spokeswoman Morgan Ortagus said in a ...

Abu Dhabi / WAM The central bank of the UAE (CBUAE) on Saturday signed a Memorandum of Understanding with the Dubai Islamic Economy Development Centre (DIEDC) to reinforce and expand the reach of the Islamic banking sector, and to advance cooperation in areas of mutual interest. Saif Hadef Al Shamsi, Deputy Governor of the central bank of the UAE, and ...

DUBAI / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has directed changes to be made to the travel protocols for passengers arriving or departing from Dubai. The revisions to the protocols aim to ease hassles for passengers and exempt citizens from additional procedures ...

SHARJAH / WAM Sharjah Islamic Bank (SIB) has won the ‘Best Islamic Bank’ and the ‘Most Innovative Digital Bank’ award 2020, at the 8th International Finance Award (IFA) which highlights the achievements of all banks providing outstanding services across areas of innovation, infrastructure development and customer focus. The winners will be honoured during a ceremony due to be held early ...

DUBAI / WAM The Dubai International Financial Centre (DIFC) Courts has launched a new Arbitration Working Group, the first court in the region to introduce such an initiative. The panel of experts will be tasked with reinforcing and sharing developments and best-practices, encompassing an advisory team of arbitration professionals, bodies, centres, educational institutions, and industry-related organisations. Since its inception, the ...

Bloomberg President Donald Trump remains in a US military hospital outside Washington after contracting the coronavirus, a development that unnerved the White House and shook his struggling re-election campaign. The White House said his symptoms were mild and that he would continue to work from a suite at the Walter Reed National Military Medical Center in Maryland, but his hospitalisation ...

Abu Dhabi / WAM Adnoc Distribution announced the approval of an interim dividend payment to its shareholders for the first six months of 2020 of AED1.285 billion (10.285 fils per share), equivalent to $350 million. This is the first payment in what is expected to be a full-year 2020 dividend payment of AED2.57 billion (AED20.57 fils per share), reflecting a ...

Dubai / WAM Drydocks World held a steel-cutting ceremony to mark the start of production on Jotun FPSO Fabrication of Turntable Project for Bluewater Energy Services B.V. for end client, Var Energi. According to Drydocks, this Turntable is part of a Turret Mooring System for the Jotun A Floating, Production, Storage and Offloading vessel to be permanently moored and operated ...