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New recreational park for labourers opens in Sharjah

SHARJAH / WAM A new recreational labour park has been opened in Al Sajaa Industrial area of Sharjah. The project is in implementation of the development plan aimed at providing integrated services to achieve comfort and happiness in the community, and in line with the directives of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler ...

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Ministry approves 34 slaughterhouses for export to UAE

Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE) on Sunday announced that since the beginning of 2021 it has accredited 34 new slaughterhouses to export red and white meat, as well as chilled and frozen meat products, to the UAE. This increases the total number of accredited slaughterhouses outside the country to 186. Moreover, to guarantee the ...

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History says the Taliban can’t rule Afghanistan!

The world reads current reports from Afghanistan with revulsion: the Taliban’s revenge against supporters of the former government and Western forces, bloody chaos at the Kabul airport, and renewed repression of women. Yet it is also plain that the victorious extremists themselves are daunted by the challenge of assuming administrative responsibility for a nation that is bankrupt without Western financial ...

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Musk soars, Bezos sues in space race

Space races are supposed to be won in engineering labs or up in orbit. Thanks to Jeff Bezos, the next one might be won in a courtroom or regulator’s office. As Bezos’s companies fall behind Elon Musk’s SpaceX in the race to return humans to the moon and launch satellite-based broadband services, they’re increasingly resorting to politics and legal filings ...

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Does inflation need to be unprecedented?

Leaders of the top US industrial companies gathered virtually for the annual Morgan Stanley Laguna conference. Unsurprisingly, much of the discussion centered around the rising cost of raw materials, labor and logistics and the increasingly difficult challenge of getting enough supply to keep up with demand. “The inflation is unprecedented,” 3M Co Chief Financial Officer Monish Patolawala said at the ...

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Europe is running low on gas as winter sets in

Europe has an energy problem, and it could get worse once winter grips the continent. Gas and electricity prices are soaring, windmills are standing idle for lack of wind and shuttered coal-fired power plants are being brought back into use. There are even suggestions to use diesel generators for private generation. But oil isn’t the solution to the continent’s energy ...

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South African retail giant says Covid vaccines key to job boost

Bloomberg South Africa’s largest clothing retailer sees a successful Covid-19 vaccination rollout as key to reopening the economy and adding new stores, helping to address the world’s highest unemployment rate. “If we get people vaccinated, the economy can normalise quickly,” Pepkor Holdings Ltd CEO Leon Lourens said in an interview. “If the economy normalises, we can create jobs.” The government ...

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Colombia plans to open bidding for three airports

Bloomberg Colombia plans to start the bidding process for the construction and modernisation of three airports in the fourth quarter as part of a larger $13 billion infrastructure plan. The expansion of the capacity of the airport that serves Cali, the nation’s third-largest city, as well as those of Buenaventura and Neiva, in western Colombia, have an estimated cost of ...

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American Airlines to invest $200m in expanded Gol deal

Bloomberg American Airlines Group Inc signed a letter of intent to invest $200 million in Gol Linhas Aereas Inteligentes SA for a 5.2% stake in the Brazilian carrier under a three-year deal that would expand commercial cooperation, establish an exclusive codeshare and link loyalty programs. The two will work together in areas including purchasing, sales tools and systems integration as ...

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UK holiday bookings soar as Covid-19 travel rules ease

Bloomberg Travel companies are set for the busiest weekend of the year as holiday bookings surged following the UK government’s announcement that it would ease travel curbs for the fully vaccinated. Transport Secretary Grant Shapps said the current traffic light system of red, amber and green countries would be scrapped for England from October 4 and replaced by a simplified ...

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