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RTA announces free bus rides for Expo visitors

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) announced the provision of free bus rides to visitors of Expo 2020 aboard Expo Riders buses from 9 locations in the UAE. These include three in Abu Dhabi, two in Sharjah and one location in each of Ajman, Ras Al Khaimah, Fujairah and Al Ain. Thus, all Expo Riders public bus ...

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Pentagon chiefs point rare jabs at Trump, Biden over Afghan collapse

Bloomberg The top US military leaders pointed rare criticism at key decisions by Presidents Donald Trump and Joe Biden which they said undermined Afghanistan’s military and made it harder for American troops to remain as the nation’s government collapsed. Secretary of Defense Lloyd Austin told the Senate Armed Services Committee that Trump’s 2020 peace deal with the Taliban had a ...

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Sheikh Mohamed, US security advisor discuss bilateral ties, regional issues

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Tuesday Jake Sullivan, US National Security Advisor, who is currently on a tour of several countries in the region. During the meeting, which took place at Al Shati’ Palace, Sheikh Mohamed and ...

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ECI seeks to protect non-oil trade worth AED10bn by end of 2021

Dubai / WAM Massimo Falcioni, CEO of Etihad Credit Insurance (ECI), has affirmed that the company – since its establishment in 2018 – is instrumental in achieving the target adopted in the UAE National Agenda for non-oil Export Development, aiming at accessing 25 new global markets and advance the company’s foreign trade, thanks to ECI’s partnership strategy with foreign governments’ ...

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Sharjah Airport unveils new sonic branding

SHARJAH / WAM In fulfilment of its mission to provide a safe travel experience and pioneering services for all within an environment that supports innovation, the Sharjah Airport Authority (SAA) launched the distinctive sonic branding of Sharjah Airport. The musical tone, inspired by the sounds and movements of the airport, adds a new dimension to the airport’s identity. The sonic ...

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ECI’s strategy aligns with UAE’s vision for next 50 years: CEO

DUBAI / WAM Massimo Falcioni, CEO of Etihad Credit Insurance (ECI), has affirmed that the company — since its establishment in 2018 — is instrumental in achieving the target adopted in the UAE National Agenda for non-oil Export Development, aiming at accessing 25 new global markets and advance the company’s foreign trade, thanks to ECI’s partnership strategy with foreign governments’ ...

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Abu Dhabi expands electricity tariffs incentive program

Abu Dhabi / WAM The Abu Dhabi Economic Development Department (Added) has announced the expansion of the Electricity Tariffs Incentive Programme (ETIP), launched in 2019 for industrial SMEs to join the programme once they meet the criteria, to encourage the use of the developed logistic infrastructure of Abu Dhabi to create a supportive eco-system. The ETIP comes as part of ...

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North Korea defies missile ban with launch before UN speech

Bloomberg North Korea test-fired a ballistic missile just as its envoy was preparing to address the United Nations (UN), in a pointed gesture of defiance against international resolutions meant to prevent such launches. The projectile was fired from the northern province of Jagang around 6:40 am local time and landed in waters to the east, South Korea’s military said, without ...

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Brazil to keep $190bn cash cushion to face turbulence

Bloomberg Brazil’s government plans to keep a cushion of at least 1 trillion reais ($190 billion) in cash next year to face local debt maturities as it braces for possible market turbulence in the run-up to presidential elections, according to Treasury Secretary Jeferson Bittencourt. The Treasury had a hard time in 2020, when investors concerned with President Jair Bolsonaro’s big ...

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Powell says jobs still short of goal as supply woes increase prices

Bloomberg Federal Reserve Chair Jerome Powell said supply bottlenecks have been longer lasting than anticipated, and he expects inflation pressures to remain high in coming months before easing. “These effects have been larger and longer lasting than anticipated, but they will abate, and as they do, inflation is expected to drop back toward our longer-run 2% goal,” Powell said in ...

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