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Abu Dhabi / WAM Khalifa Fund for Enterprise Development has signed a memorandum of understanding (MoU) with the Ministry of Small and Medium Enterprise Development, Zambia. As per the MoU, Khalifa Fund will provide $15 million (equivalent to AED55 million) to the African nation to support their SME sector. The MoU was signed in the presence of Sheikh Shakhboot bin ...

  Abu Dhabi / WAM A total of 4.1 million hotel visitors stayed in Abu Dhabi hotels during 2022, 24 percent up from 2021, data by the Department of Culture and Tourism – Abu Dhabi, revealed. Hotel revenues climbed by 23 percent from the previous year to AED5.4 billion in 2022. The statistics showed that Abu Dhabi hotels recorded occupancy ...

  Dubai / WAM Emirates Health Services (EHS) is taking part in the Arab Health Exhibition & Conference 2023, held from January 30 to February 2 at the Dubai World Trade Centre, where it plans to showcase 19 innovative projects at its booth under the theme “Building the Future of Health Services”. The projects will be grouped into three main ...

  Bloomberg UK factories’ fuel and raw material costs are rising at their slowest pace in almost a year, further evidence that pipeline inflationary pressures are easing. Input prices rose 16.5% in December from a year ago, down from a peak of 24.6% in June, Office for National Statistics figures published Wednesday show. That was the slowest pace since February ...

Bloomberg The US Justice Department and eight states sued Alphabet Inc.’s Google, calling for the break up of the search giant’s ad-technology business over alleged illegal monopolization of the digital advertising market. “The lawsuit we have filed today seeks to hold Google to account for what we allege are its longstanding monopolies in digital advertising technologies that content creators use ...

  Bloomberg Rupert Murdoch said he was abandoning plans to explore a merger of Fox Corp. and News Corp., two media companies he controls, after investors pushed back on the deal. Fox said Tuesday that it had received a letter from Murdoch saying that he and his son Lachlan, the chief executive officer of Fox, had determined a combination was ...

Bloomberg Microsoft Corp. shares declined after the company warned that revenue growth in its cloud-computing business will decelerate in the coming months and corporate software sales will slow, fueling concern about demand for the products that have driven its momentum in recent years. Shares fell as much as 2.7% to $235.51 in pre-market trading. Chief Financial Officer Amy Hood said ...

Bloomberg Germany pledged to supply Ukraine with more than 100 Leopard 2 battle tanks in a joint effort with allies, providing Kyiv’s forces with a significant upgrade in firepower and earning effusive praise from President Volodymyr Zelenskiy. In a first step, Germany will make a company of 14 Leopard 2 A6 tanks available from stocks held by its armed forces, ...

Bloomberg Prime Minister Fumio Kishida said he would consider an invitation extended by President Volodymyr Zelenskiy to visit Ukraine, as Japan’s ruling party No. 2 publicly urged the premier to go ahead with the trip. Kishida told lawmakers Wednesday a decision would be based on the circumstances. Liberal Democratic Party Secretary General Toshimitsu Motegi told parliament it would be desirable ...

  Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) has reduced the fees for 14 main and sub services and waived the fee for one service as of January 1. The move aligns with the objectives of the ‘’Make in the Emirates” initiative to create an attractive business environment for local and international investors and support ...