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Flag reflects concepts of unity: Ajman Ruler

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has said that the UAE flag reflects the concepts of unity and adherence to the Union’s values established by the Founding Fathers, as well as the community coherence, reinforcing patriotism and strengthening the country’s pioneering position and prominent image. He made this ...

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Dubai Investments posts 102% surge in net profit

DUBAi / WAM Dubai Investments on Tuesday reported a 102% surge in the third quarter net profit to AED213 million, compared to AED105 million in corresponding period last year. The net profit for nine-month period ending on September 30 was AED418 million. The total revenue during nine-month period was AED1.90 billion while the total assets increased to AED21.5 billion as ...

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Trade rises in Dutch natural gas market

Bloomberg The Dutch natural gas market is reinforcing its position as one of the most important trading hubs in the world. Trade on the Dutch Title Transfer Facility (TTF), as the market is known, is surging as Europe increased imports from Russia, Norway and further afield via liquefied natural gas tankers. Natural gas futures open interest, a tally of outstanding ...

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Shell acquires control of its gas station JV in China

Bloomberg Royal Dutch Shell has acquired full control of one of its gas station joint ventures in China as the oil major doubles down on the fuel retailing market in the world’s second-largest economy. Shell has agreed to buy the stake it didn’t already own in Chongqing Doyen Shell Petroleum & Chemical Co and completed the deal on October 19, ...

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Last check on presidential power: We the people

After four years of President Donald Trump’s assault on the Constitution, it comes down to this. The courts have done what they could to limit the damage; the House impeached him; and the Senate let him get away with it. Now all that remains is the final check provided by the Constitution: a vote of the people. James Madison would ...

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Will Christmas come early for Amazon

For many retailers, the final three months of the year are traditionally known as the Golden Quarter, when non-food shops make the bulk of their profits. The period this year will be far from sparkling — unless you are Amazon.com Inc. The online retailer is poised to be one of few winners from the UK government’s decision to impose a ...

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Covid-19 lockdowns make us less creative

As Europe struggles with the second wave of the virus and faces a new round of lockdowns, governments and businesses must ask themselves whether people will cope with more restrictions as well as they have striven to do so far. For many white-collar workers, the pandemic has already made remote work the new normal. But for all of its advantages, ...

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Early vaccine hopes have a math problem

Covid-19 vaccines may not arrive quite as soon as people hoped. An October surprise didn’t happen, there will be no vaccine by Election Day, and even Thanksgiving might be pushing it. Front-runner Pfizer Inc’s oft-repeated suggestion that it might have vaccine data by Halloween was wrong, and Anthony Fauci now suggests an immunisation might not be available on even a ...

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Ryanair braces for deepening losses from new lockdowns

Bloomberg Ryanair Holdings Plc said losses are set to worsen this winter as a new wave of coronavirus lockdowns frustrates attempts to bring back flights at Europe’s biggest discount carrier. The shortfall in the fiscal second half, which began on October 1, is set to exceed the 197 million-euro ($229 million) loss of the first six months, Ryanair said in ...

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