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Apple loses $450bn in value on iPhone woes

Bloomberg When talking about the biggest company in the world, it’s not unusual for there to be eye-popping numbers. But Apple Inc.’s latest superlative is not one investors would like to see. Since becoming the first American company to surpass $2 trillion in market value in August and peaking last month, the iPhone maker has lost $450 billion, wiped out ...

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UAE sets up Covid-19 recovery committee to boost businesses

Abu Dhabi / WAM In line with the UAE government’s plan and increased efforts to combat Covid-19, the Supreme Committee for Covid-19 Crisis Management, has announced the formation of the National Covid-19 Crisis Recovery Management and Governance Committee. The committee is mandated to ensure efficient recovery from the Covid-19 crisis by leveraging the resources required for business continuity. The committee ...

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UAE joins UK-initiated Global Ocean Alliance

Al Ain / WAM The UAE is the latest country to join the UK-initiated Global Ocean Alliance, a group of 32 countries working to protect the ocean and improve the livelihoods of coastal communities. As its core goal, the Alliance calls for safeguarding at least 30 percent of the world’s oceans by 2030 through marine protected areas. The UAE is ...

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