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DFM to launch trading Oman crude oil futures

  DUBAI / WAM The Dubai Financial Market (DFM) announced on Thursday that it is launching trading of its new Micro Oman Crude Oil Contracts on June 1, providing investors with a unique investment opportunity The Micro Oman Crude Oil Contract will represent a significant addition to DFM growing futures market. It enables investors’ seamless access to gain on the ...

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Alpha Dhabi to invest $2.5b in new venture capital fund

  Abu Dhabi / WAM Alpha Dhabi Holding announced its commitment to invest AED9.2 billion ($2.5 billion) in Chimera Capital and Alpha Wave’s landmark “Alpha Wave Ventures II” venture fund, which was announced and launched at the beginning of the year. The total commitment comprises a capital contribution of AED2.6 billion and an undrawn capital commitment of AED6.6 billion, which will ...

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UAE’s tourism sector achieves new growth milestone in Q1 ’22

  Abu Dhabi / WAM Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs and Chairman of the UAE Tourism Council, revealed that the UAE’s tourism sector achieved a new growth milestone in Q1 2022, underlining its competitiveness at both regional and global levels. He attributed the sector’s latest achievement to the unlimited support and directives of ...

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UAE, Bahrain discuss ways to enhance defence cooperation

  Manama / WAM The delegation of the UAE Ministry of Defence headed by Staff Brigadier Musallam Al Rashidi has met with Major-General Sheikh Nasser bin Hamad Al Khalifa, Bahraini National Security Advisor and Royal Guard Commander, in Bahrain. Royal Guard Special Force Commander, Lieutenant-Colonel Sheikh Khalid bin Hamad Al Khalifa, attended the meeting. Sheikh Nasser welcomed the UAE delegation, ...

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Dubai hosts 21st international spine conference

  Dubai / Gulf Time Neuro Spinal Hospital, Dubai organised the 21st Dubai International Spine Conference (DISC) and sixth annual meeting of Arab spine in collaboration with Nass (North American Spine Society), Royal College of Surgeons in Ireland (RCSI) and Arab Spine in Dubai. ‘The educational committee prepared a very rich program covering the innovation and new technology in spine ...

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Victory, defeat are hard to define now in Ukraine

One of the most striking things about the Russo-Ukrainian war of 2022 is the variety of outcomes that both sides could declare as a victory — and the scarcity of outcomes that can last. What will determine the success of any declaration is its intended audience. What matters in the real world, however, is whether the outcome establishes a balance ...

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Boeing faces a chorus of critics!

As a general rule, chief executive officers don’t go around calling for one another’s removal. For one, they tend to know one another and are often friends, especially if they work in the same industry. More important, those who live in glass houses shouldn’t throw stones, as the adage goes, and the CEO job is the epitome of a glass ...

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Is carbon removal finally getting serious?

  Fitfully, fretfully, the world is beginning to decarbonise. Fossil-fuel demand is likely to peak in the next few years. Solar and wind energy are growing ever cheaper. Related technology, such as battery storage, has improved dramatically. In its most recent report, the Intergovernmental Panel on Climate Change cited “signs of progress” — by its standards, an expression of effusive ...

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Is this latest merger Spac era’s worst deal?

  The abysmal performance of businesses that have gone public by merging with special purpose acquisition companies (SPAC) has emboldened the US Securities and Exchange Commission to beef up investor protections and disclosure requirements. Spacs were touted as a shortcut to a stock-market listing and a way for retail investors to gain access to promising start-ups. But the hype and ...

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