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  Abu Dhabi / WAM Abdullah bin Touq Al Marri, Minister of Economy, has said the speech of President His Highness Sheikh Mohamed bin Zayed Al Nahyan has outlined the strategic direction for the economic development in the UAE by promoting openness to the world and consolidating the principles of cooperation based on respecting common interests, achieving mutual benefit, and ...

  Bloomberg Russia began sending natural gas to Europe through the Nord Stream pipeline system after a pause, bringing relief to a continent whose economy is starting to wobble under the strain of reduced supplies. Shipments returned to 40% of capacity, their level before flows were halted for 10 days of planned maintenance, data from the pipeline operator showed. While ...

Bloomberg Mario Draghi resigned as Italy’s prime minister, throwing the country into turmoil and putting it on course for snap elections as soon as early October. The former European Central Bank chief delivered his decision to President Sergio Mattarella Thursday morning. The government will continue in a caretaker role to handle ongoing business but its influence will be minimal. Mattarella, ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), announced that Dewa has plans to invest AED40 billion on capital expenditure in the next five years including the expansion of renewable and clean energy projects. He noted that Dewa plans to invest about AED16 billion to strengthen and expand electricity and ...

DUBAI / WAM The Dubai Chamber members’ exports and re-exports surged to AED129.4 billion during H1 2022, marking a 17.8 percent increase compared to the same period last year. The number of certificates of origin issued also rose 8.9 percent year-on-year to exceed 357,000. The growth momentum reflects the Chamber’s ongoing efforts to expand and improve its services that are ...

  PARIS / WAM The Office of the UAE Special Envoy for Climate Change and the Government of France have signed a memorandum of understanding (MoU) to maximise the social and economic benefits of climate action and raise ambition for the implementation of the Paris Agreement, as well as support for the 28th United Nations Climate Change Conference of the ...

Bloomberg The European Union proposed that the bloc cut its natural gas consumption by 15% over the next eight months in a plan that would affect all households, power producers and industry. The move reflects mounting concern that Russia will halt gas exports to the region in retaliation for sanctions following its invasion of Ukraine. A cutoff would threaten EU ...

Bloomberg Ranil Wickremesinghe was voted in as Sri Lanka’s president backed by a majority of lawmakers from ousted leader Gotabaya Rajapaksa’s party, a development that could reignite street protests in the bankrupt nation and scuttle bailout talks with the International Monetary Fund. Wickremesinghe, 73, beat Dullas Alahapperuma, an opposition-backed candidate who had the support from a faction within the ruling ...

PARIS / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan left Paris on Tuesday concluding a two-day state visit to the French Republic. His Highness Sheikh Mohamed bin Zayed was seen off at Orly Airport to the sounds of the UAE national anthem. During the visit, the UAE President met with President Emmanuel Macron and a number of ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has announced the launch of the second edition of “The Outliers Programme”, bringing together leading corporate and government partners including Aldar, Department of Culture and Tourism – Abu Dhabi (DCT) and Department of Health – Abu Dhabi (DoH), and Thales to present business and operational challenges for tech startups ...