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UAE central bank injects AED15.86b in June as certificates of deposit drop

ABU DHABI / WAM The central bank of the United Arab Emirates has injected around AED15.86 billion in cash to the financial system in June to boost liquidity and compensate banks for the considerable amount of funds withdrawn out of excess liquidity in the market in April and June, according to the apex bank’s figures. The move fits within the ...

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Value of Dubai Chamber members’ exports to Africa up 20%

Dubai / Emirates Business Dubai Chamber of Commerce and Industry recorded a 20% month-on-month (m-o-m) increase in the value of member companies’ exports to Africa in June, which reached AED 2.94 billion ($800 million). The value of exports and re-exports to Africa, tracked by Certificates of Origin (COOs) issued to Dubai Chamber member companies, signalled a rebound in trade activity ...

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Trump relaxes limits on toxic waste from coal power plants

Bloomberg The Trump administration is relaxing Obama-era requirements stemming toxic heavy metal pollution from coal-fired power plants. Under the Environmental Protection Agency (EPA) rule, electricity companies would have more time and flexibility to treat power plant wastewater that contains mercury, arsenic and other toxic heavy metals. Older coal power plants that are shutting down or switching to natural gas by ...

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