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Ministry of Health & Prevention marks Emirati Doctor’s Day

  DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has launched a digital interactive campaign across its social media platforms, to celebrate the Emirati Doctor’s Day, making it the first time the UAE celebrates the annual occasion, which would fall on March 11 of every year, starting from 2022. The move comes in implementation to the directives of ...

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Dubai Chamber latest webinar examines waste disposal fees

DUBAI / WAM The Dubai Chamber Sustainability Network Task Force on Waste Management organised a webinar informing companies of Dubai Municipality waste disposal fees and advising them on recycling best practices. The webinar, titled “The New Waste Disposal Fees and Recycling Solutions to Minimise Waste to Landfill”, examined the objectives behind the waste disposal fees and explained how such encourage ...

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DMCC concludes roadshows, trade talks in Istanbul

DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has successfully concluded a series of Made For Trade Live international roadshows and trade discussions in Istanbul, Turkey. The events and meetings hosted by DMCC were held following 13 trade agreements signed between Turkey and the UAE in February 2022, to ...

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DET, DP World’s unit collaborate with partners at Dubai boat show

  DUBAI / WAM Dubai’s Department of Economy and Tourism (DET) and DP World’s subsidiary P&O Marinas, alongside Dubai Maritime City Authority (DMCA), Dubai Harbour, Burgess, and Camper and Nicholson are participating in the 28th edition of the Dubai International Boat Show. The Middle East’s largest and most popular leisure marine event brings together the region’s boating enthusiasts on a ...

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France weighs fresh move to nationalise $30b power giant

  Bloomberg The French government is considering whether to revive an ambitious plan to nationalise debt-laden Electricite de France (EDF) SA and reorganise its business with a focus on nuclear production, people with knowledge of the matter said. The energy market chaos exacerbated by the Russian invasion of Ukraine is giving fresh impetus to France’s long-mooted push to restructure its ...

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China Three Gorges weighs $2b IPO of Brazil unit

  Bloomberg China Three Gorges Corp is exploring an initial public offering of its Brazilian unit as the Chinese energy giant seeks to raise funds for expansion in Latin America, according to people familiar with the matter. The Chinese state-owned company has held talks with prospective advisors to prepare for the potential share sale in Sao Paulo, which could raise ...

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Indonesia explores new coal markets with buyers shunning Russia

  Bloomberg Indonesia, the world’s top coal exporter, is exploring new markets outside its typical strongholds in Asia-Pacific as buyers seek alternatives to Russian supplies after its invasion of Ukraine. Miners have been contacted by buyers in some Western and European countries as a substitute for Russian supplies, Hendra Sinadia, deputy executive director of the Indonesian Coal Mining Association, said ...

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Eskom CEO holds talks on new projects

  Bloomberg The head of South Africa’s state power utility held discussions with the World Bank as it explores options for transitioning from coal-fired stations to cleaner sources of energy. Eskom Holdings SOC Ltd CEO  Andre de Ruyter travelled to the bank’s headquarters for the talks. The power utility supplies more than 90% of the country’s electricity, the bulk of ...

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Department stores should keep a hold on their sites

Department stores have been under some pressure to split off their e-commerce operations. It’s an idea that should be left on the shelf. Macy’s Inc has felt the push from activist investor Jana Partners LLC, but says it won’t spin off its e-commerce business. A demerger at Kohl’s Corp is off the agenda because the company is more focused on ...

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How banks can get hit by Putin’s war

Bank stocks have tumbled more than most since Russia’s unprovoked invasion of Ukraine — and not just in Europe. Shares in big US banks have also fallen about twice as much as the S&P 500 in percentage terms in the past month. Investors aren’t just worried about loans into Russia and Ukraine: Direct exposures look manageable for even the handful ...

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