DUBAI / WAM Comoros celebrated its National Day at Expo 2020 with a flag-raising ceremony at Al Wasl Plaza in the presence of President Azali Assoumani of Comoros and Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and Commissioner General of Expo 2020 Dubai. Speaking on the occasion, President Assoumani said, “We are pleased that the UAE ...
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China’s Jinsha Holding Group to invest AED7.2bn in UAE
Dubai / Emirates Business China’s Jinsha Holding Group and UAE’s Royal Strategic Partners signed a strategic cooperation agreement, during a grand ceremony in Dubai. The agreement includes establishing joint ventures in digital assets and entertainment games. Jinsha Holding Group works in several fields, including blockchain technology, finance, entertainment, real estate, and others. Royal Strategic Partners operates and focuses on investing ...
Read More »Sheikh Mohamed, Crown Prince of Bahrain discuss bilateral ties
A 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, and HRH Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, discussed ways of strengthening bilateral fraternal ties in a way that benefit their people. During official talks held ...
Read More »UAE reports 735,074 total recoveries from Covid-19
Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 285,711 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...
Read More »Adnic’s nine-month net profit surges 18% to AED333.7mn
Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) on Tuesday reported its financial results for the nine-month period ended September 30. The company’s net profit increased by 18 percent to AED333.7 million, compared to a net profit of AED282.8 million for the same period in 2020. Adnic’s gross written premium increased by 2.4 percent to AED3.24 billion compared ...
Read More »Global warming is here, but the world is not ready
Global warming is here and the world is not ready. The need to adapt to a transforming climate used to be seen as a distraction from the more urgent goal of preventing change. Today, it’s clear adaptation can no longer wait. Floods, droughts, severe hurricanes and a heat dome in the Pacific Northwest this year alone have been a reminder ...
Read More »Tesla investors vote with their tweets
Who needs a metaverse when you have Elon Musk’s Twitter feed? In the latest installment, the bad boy billionaire conducted a poll via Tesla Inc’s ersatz communications department, asking real people on the internet whether he should sell roughly $20 billion worth of his shares in the company. The majority verdict: Yes. So there you have it. The masses have ...
Read More »Sterling is down, worst may be yet to come
“When shall we three meet again? In thunder, lightning, or in rain?†That’s the first witch setting the opening scene in Macbeth but it might as well be any commentator on the current state of the UK or outlook for the pound. The lows for sterling this year versus the dollar at $1.34 look set to be tested again soon. ...
Read More »Will Biden give Jerome Powell a second term?
In 2009, President Barack Obama took a short break from his summer holiday on Martha’s Vineyard to tap then-Federal Reserve Chair Ben Bernanke for a second term. Joe Biden, by contrast, is more likely to interrupt his Thanksgiving dinner to perform the same duty. The White House has been prevaricating for months over whether to give Jerome Powell, the current ...
Read More »UK drug industry must secure post-Brexit future, says report
Bloomberg Britain must work with other countries to prevent friction on medicine rules post-Brexit to avoid being sidelined by the global drug industry, according to a report from the UK’s biggest pharmaceutical lobby group. The country must collaborate with ‘science allies’ such as the US, Canada and Australia in developing its post-Brexit medicines regulation or risk being left behind, the ...
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