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  Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq), has launched ‘Sky Adventures’, the first official paragliding licensed centre in the UAE, and Shurooq’s latest investment in sports, leisure and adventure tourism in Sharjah’s central region. The centre will be open to the public next Monday, offering aerosports enthusiasts an unforgettable opportunity to experience the picturesque desert landscapes ...

  Bloomberg A leading Chinese solar panel maker has leased space for its first US factory in another win for the Biden administration’s efforts to build up the nation’s clean energy manufacturing base. JA Solar Technology Co. will build a $60 million panel plant in Phoenix with plans to be operational by the fourth quarter of this year, the company ...

Bloomberg The UK economy may avoid tumbling into recession until later this year as consumers kept spending through the worst cost-of-living squeeze in memory. Gross domestic product unexpectedly rose 0.1% in November, the Office for National Statistics said Friday. Economists had expected a small decline after growth in October. November’s figures mean the UK economy probably avoided a recession in ...

  Bloomberg Britain’s trade deficit narrowed sharply after a slump in natural gas prices reduced import costs and a flurry of exports of aircraft and cars. The deficit in goods and services trade fell by £6.5 billion to £20.2 billion in the three months to November. Exports to the European Union were hit again in the wake of Britain’s exit ...

  Bloomberg A mass exodus out of East Asia seems unlikely for US manufacturers in 2023, with any decision to diversify supply chains away from the region dictated by costs, as well as logistics considerations, according to separate reports. “The ultimate extent of how much production will be reshored or moved closer to home remains an open issue and will ...

  Bloomberg Germany’s economy probably stagnated in the final quarter of 2022, defying analyst expectations for a contraction and easing fears of a recession triggered by the war in Ukraine and soaring inflation. For the year as a whole, output increased 1.9% — down from 2.6% in 2021 and just ahead of the 1.8% estimate in a Bloomberg survey, the ...

  Bloomberg Russia claimed Moscow’s troops had taken Soledar, a small town in the Donetsk region of Ukraine, in one of their first victories in months. Kyiv rejected the claim. A salt mining town with a population of 10,000 before Russia launched its invasion in February 2022, Soledar has limited strategic value but has been the site of weeks of ...

  Sharjah / WAM The Sharjah FDI Office (Invest in Sharjah) participates in the Asian Financial Forum (AFF) in Hong Kong. Led by Muhammed Al Musharakh, CEO, Invest in Sharjah, Marwan Saleh Alichla, Director, Investment Promotion & Support (Invest in Sharjah), Invest in Sharjah’s team participation aims to showcase the emirate’s diverse investment opportunities to international investors and business leaders ...

  Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) has successfully planted one million mangrove seeds using drones as part of the first phase of a drone mangrove plantation project supporting the Abu Dhabi Mangrove Initiative. The Abu Dhabi Mangrove Initiative was announced in February 2021 during Prince William, the Duke of Cambridge’s landmark visit to the ...

  Abu Dhabi / WAM Under the directive of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Court, on Thursday appointed Dr Sultan Ahmed Al Jaber as President-Designate for the 28th Conference of the Parties (COP28). Shamma Al Mazrui, UAE Minister of State for Youth ...