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DIFC records 20% rise in registrations

DUBAI / WAM Dubai International Financial Centre (DIFC) on Tuesday reported the best performance in its 16-year history, reaffirming Dubai’s growing reputation across the global finance industry, the number of new firms operating in DIFC grew 20 percent, taking the total to 2,919. A total of 915 financial companies are now active in DIFC, up 24 percent from 735 in ...

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UAE’s Hope Probe is ready for science data gathering

Abu Dhabi / WAM The Emirates Mars Mission (EMM), the first interplanetary exploration undertaken by an Arab nation, on Tuesday announced the completion of its commissioning and testing phase and its readiness for transition to its science orbit. The completion of testing is ahead of schedule and the transition to science manoeuvres will take place earlier than planned. “We have ...

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Barakah a catalyst for economic growth

Mohammed Jalal Al Rayssi (Director-General of WAM) ABU DHABI The UAE Peaceful Nuclear Energy Programme is a catalyst for growth in the UAE, providing 25 percent of the country’s needs for clean electricity. This project generates further energy supplies to support the national economy, and its diversification creates thousands of job opportunities and contributes to the Emiratisation of modern technologies. ...

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Emirates boosts services to Maldives, Seychelles

DUBAI / WAM Emirates Airline has announced that it will increase services to popular holiday destinations, Maldives and Seychelles, ahead of the Easter break. Starting March 28, the airline will offer customers 28 weekly flights to Male, capital of Maldives, and seven weekly flights to Mahe, capital of Seychelles. The added services will meet market demand and offer customers greater ...

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Sharjah, Singapore explore stronger economic relations

SHARJAH / WAM Sharjah’s investment environment as well as emerging potential in new sectors were topics that dominated the Sharjah–Singapore Investment Webinar discussions organised by the Sharjah FDI Office (Invest in Sharjah). The webinar was operated under the Sharjah Investment and Development Authority (Shurooq), in collaboration with the Singapore Business Council. The virtually held meeting convened investors, business leaders and ...

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Hipa award launches ‘family’ theme competition

Dubai / WAM The Ministry of Community Development (MoCD) and Hamdan bin Mohammed bin Rashid Al Maktoum International Photography Award (Hipa) announced the launch of a new theme in its current competition season titled “Family”. The competition motivates participants to compete by expressing their best-articulated images within a community development pillar based on highlighting virtual values and enhancing the principle ...

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Masdar launches initiative to tackle plastic pollution

Abu Dhabi / WAM Masdar’s Youth 4 Sustainability (Y4S) platform has launched the fifth edition of its “Ecothon Innovation Challenge” under the Future Sustainability Leaders (FSL) programme, to develop circular economy solutions to tackle waste. Under the patronage of HH Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Youth 4 Sustainability (Y4S), a Masdar outreach initiative, invests and actively supports ...

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Long Covid is debilitating mystery. Just check it out

The downslope of the Covid crisis is proving to be its own bumpy ride — and there’s no telling yet how long it will last. We’ve learned a tremendous amount about the disease itself, but in terms of grasping the impact of lingering post-Covid Syndrome, or Long Covid as it’s often called, we’re just getting started. As hospital admissions from ...

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Russia’s IPO is an $8b bet on frugality

There are few more eloquent expressions of faltering Russian living standards than the rise and rise of discount retailer Fix Price Group Ltd., set to begin trading in London and Moscow. An equity value of $8.3 billion assumes sizeable ongoing appetite for cheap detergent and affordable cosmetics. It says everything that Russia’s hottest initial public offering in years is a ...

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