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ABU DHABI / WAM Over 30 of the world’s leading energy chief executives will gather in Abu Dhabi on Sunday, to discuss key issues impacting the energy landscape and the outcomes of the UN Climate Change Conference of the Parties (COP26), at the 7th Abu Dhabi CEO Roundtable hosted by the Abu Dhabi National Oil Company (Adnoc). The industry leaders ...

Dubai / Emirates Business The Arabian Gulf Investments Company announced the acquisition of stakes in three strategic companies in Egypt. The acquisition was announced at a signing ceremony organised in Cairo in the presence of Khalifa Saif Al Muhairbi, Chairman of the Board of Directors of the Arabian Gulf Investments Company, and Engineer Abdeen Ibrahim Arida, Chairman of the Board ...

Bloomberg Vladimir Putin has a message for the US and its allies: Moscow won’t tolerate creeping expansion by their armed forces into Ukraine. That’s what he’s told German Chancellor Angela Merkel and other western officials who’ve called in recent days to warn him about what they say is a new accumulation of tanks and troops near the border with his ...

Bloomberg US consumer sentiment unexpectedly collapsed in early November as Americans grew increasingly concerned about rising prices and the inflationary impact on their finances. The University of Michigan’s preliminary sentiment index decreased to 66.8 from 71.7 in October, data released showed. The November figure trailed all projections in a Bloomberg survey of economists which called for an increase to 72.5. ...

Bloomberg The British Chambers of Commerce said 80% of UK businesses are feeling the effects of higher prices as well as shortages of goods and workers, a finding that adds to concerns about inflation. The lobby group said its survey of 1,000 companies showed 80% saw an increase in their prices in the past year and almost half said those ...

Bloomberg Brazil’s largest independent hedge funds have grown wary of local assets after the nation moved to ease its fiscal rules, fuelling fears of a sharp increase in interest rates and a potential recession ahead. Firms including Itau Unibanco now predict Brazil’s economy will contract next year after policy makers raise the benchmark rate to over 11%, the highest since ...

Bloomberg Inflation is soaring across the euro area, but it’s also diverging by the most in years in a further complication for the European Central Bank’s ongoing Covid-19 pandemic stimulus. How quickly consumer prices are rising depends on where you are inside the 19-member currency bloc. In Estonia, where energy costs are surging, the 2021 rate is forecast to be ...

Abu Dhabi / WAM The Emirates Development Bank (EDB), on Wednesday announced the signing of a Memorandum of Understanding (MoU) with National Bank of Fujairah (NBF) to offer credit guarantee and co-lending for Small and Medium-sized Enterprises (SMEs) in the UAE. The MoU with NBF is part of EDB’s commitment to boost the SME ecosystem in the UAE and increase ...

Dubai / Emirates Business Sheikh Nahyan bin Mubarak Al Nahyan, UAE Cabinet Member and Minister of Tolerance and Coexistence, inaugurated the 6th International Procurement and Supply Chain Conference 2021, in Dubai, which is the biggest of its kind in the Middle East. Emphasising that the need for a closely connected global supply chain network now is even greater, Sheikh Nahyan praised ...

ABU DHABI / WAM The UAE sent an aircraft carrying 16 tonnes of urgent medical aid to Sierra Leone, to mitigate the effects of the humanitarian disaster facing the capital, Freetown, following the explosion of a petrol station, which led to several deaths and injured dozens, most of whom were women and children. The UAE expressed its solidarity with the ...