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  Bloomberg Russia and Belarus began their largest joint military drills in years Thursday, watched closely by the US and Europe amid tensions over neighboring Ukraine. Thousands of troops backed by tanks, fighter aircraft and advanced S-400 missile-defense systems are involved in the “Allied Resolve 2022” exercises in Belarus that run to February 20. They include drills near the border ...

  Abu Dhabi / WAM Mohammed Saif Al-Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), received Husin Bagis, Ambassador of the Republic of Indonesia for the UAE, at the Fund’s headquarters in Abu Dhabi. Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD, and several officials from both sides also attended the meeting. During the meeting, the ...

  ABU DHABI / WAM The UAE is embarking on ambitious growth-focused reforms aimed at improving the ease of doing business, attracting foreign investors, creating jobs and diversifying the economy away from oil, said HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. He added that the country is also committed to combating the threat ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed the upgrade of Jebel Ali Habab Pumping Station Phase-II & III. The total capacity of water connections at the station is 36 million imperial gallons per day (MIGD), with a total cost of AED67.44 million, said a Dewa statement on Wednesday. The upgrade process aims to promote the ...

  DUBAI / WAM The Department of Planning and Development – Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation in Dubai, completed more than 43,000 transactions through the Licencing Department during 2021, with a growth rate of 16% compared to 2020, when about 37,000 transactions were completed. It relates to government services and licencing services for ...

  Bloomberg Auxin Solar Inc is asking the US Commerce Department to investigate possible efforts to circumvent tariffs with the imports of equipment from Malaysia, Thailand, Vietnam and Cambodia. The company alleges the solar imports use parts or components from China, and that producers are assembling equipment in the Southeast Asian nations as a way of skirting duties, according to ...

  Bloomberg The European Union will snub a request by Russian Foreign Minister Sergei Lavrov for the bloc’s member countries to respond individually to Moscow’s demands on the region’s security framework. Josep Borrell, the bloc’s foreign policy chief, will respond on behalf of the 27 EU members, according to a draft of the letter seen by Bloomberg. The EU response ...

  Bloomberg French President Emmanuel Macron’s price caps to stop a cost-of-living crisis colliding with April’s elections will slow inflation by about one percentage point at the start of 2022, according to Insee. The government has earmarked 15.5 billion euros ($17.7 billion) to curb the impact of inflation for households, most of which for mechanisms to limit the effect of ...

  Bloomberg GlaxoSmithKline Plc expects profit to rise this year as the UK drugmaker prepares to spin off its consumer-health business, its biggest shake-up in more than two decades. Earnings for the pharma and vaccines businesses are expected to rise 12% to 14% in 2022 on an adjusted basis, Glaxo said on Wednesday. The shares rose as much as 1.4% ...

  Bloomberg AP Moller-Maersk agreed to buy Pilot Freight Services LLC for $1.68 billion, shoring up its road-transport business while signaling an unprecedented boom in container shipping may be starting to fade. The deal announced on Wednesday coincides with a 2022 profit forecast that falls well below analysts’ estimates. Maersk said it expected a strong first half before a “normalisation ...