March, 2023

• 19 March

  Empower signs district cooling services deal with Sobha Realty

  

  DUBAI / GULF TIME Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, signed an agreement with Sobha Realty, one of UAE’s leading premium real estate developers, to provide environmentally district cooling services to the developer’s mixed-use projects, most notably the Sobha Hartland master community with a capacity of 17,000 refrigeration tons (RT). As part ...

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• 19 March

  Al Mazrui highlights pivotal role of youth in global climate action

  

  ABU DHABI / WAM Shamma bint Suhail Faris Al Mazrui, Minister of Community Development, Vice Chairman of the Arab Youth Centre, and COP28 Youth Climate Champion, reaffirmed the UAE’s leadership’s belief in the pivotal role of youth in global climate action. In an interview on the sidelines of “Road to COP28” activities held in Expo Dubai, Al Mazrui said that ...

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• 19 March

  Training programme for young media leaders ends on high note

  

  ABU DHABI / WAM The Emirates News Agency (WAM), in collaboration with the Arab Youth Centre, concluded a training programme for graduates of the Young Arab Media Leaders Programme at the Sheikh Zayed Festival. The training programme targeted a range of young Arab media talents. The programme’s participants successfully produced nearly 50 visual reports during the festival, highlighting the momentum ...

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• 19 March

  Sewa reviews applying new technologies to achieve sustainability

  

  SHARJAH / WAM Sharjah Electricity, Water and Gas Authority (Sewa) has participated in a discussion within the Water Desalination Projects Forum in the Middle East and North Africa, held in Abu Dhabi, on modern and innovative technologies in water desalination and their contribution to achieving sustainability. Essam Al Mulla, Director of the Water and Desalination Plants Department at Sewa, highlighted ...

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• 19 March

  Takeda’s $4bn psoriasis pill shows effectiveness in study

  

  BLOOMBERG Takeda Pharmaceutical’s newly purchased oral psoriasis drug was safe and effective in a mid-stage study, highlighting its potential for treating the painful, incurable skin condition. Patients with moderate-to-severe plaque psoriasis who received TAK-279 had significantly clearer skin after three months than those given placebo, according to the study presented at the American Academy of Dermatology’s annual meeting. Skin damage ...

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• 19 March

  Indian economy can withstand soaring heat wave impact: Official

  

  BLOOMBERG As concerns mount over soaring temperatures in India and the impact on growth, a key adviser to Prime Minister Narendra Modi says the economy can withstand any potential weather shock. The nation’s weather bureau predicted hotter temperatures over the coming months, stoking worries about a repeat of the devastating heat last year that damaged crops, raised food inflation and ...

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• 19 March

  China imports gain most in year amid signs of economic recovery

  

  BLOOMBERG China saw its biggest gain in imports in a year last month, while a slide in exports decelerated, adding to evidence that the world’s second-largest economy is recovering from the impact of pandemic lockdowns. Imports rose 4.2% from a year ago to $197 billion in February, following a slump of 21.4% in January and snapping four months of decline, ...

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• 19 March

  Japan to lift curbs on chip material exports to South Korea

  

  BLOOMBERG Shares of Korean electronics makers surged after Japan said it’ll roll back export restrictions of key semiconductor materials, laying to rest concern about the fragility of an important link in the tech supply chain. SK Hynix Inc jumped as much as 7.3%, the biggest intraday rise in more than two months. Samsung Electronics Co rose more than 2% and ...

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• 19 March

  Nuclear submarines won’t halt China-Australia thaw: Ministers

  

  BLOOMBERG Australia’s government is confident that plans to acquire a fleet of nuclear submarines under the Aukus agreement won’t derail progress in restoring its relations with China. Trade Minister Don Farrell said talks on reviving frozen ties were progressing well at an official level, and that an invitation for him to visit Beijing still stood. That’s despite the overarching aim ...

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• 19 March

  Russian president makes surprise visit to occupied Mariupol

  

  BLOOMBERG President Vladimir Putin made a surprise trip to occupied Mariupol, the Ukrainian city largely destroyed by a months-long Russian siege, according to a Kremlin statement and video released on state television. The highly classified visit was Putin’s first to one of the four Ukrainian regions that Russia claimed in September to have annexed as part of its invasion launched ...

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