February, 2023

• 27 February

  UAE, Algeria advancing economic partnership

  

  ABU DHABI / WAM The 15th session of the joint UAE-Algeria Economic Committee has been held in Abu Dhabi under the chairmanship of Abdullah bin Touq Al Marri, Minister of Economy, and Algerian Minister of Industry, Ahmed Zaghdar, in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. “The late Sheikh Zayed bin Sultan ...

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• 27 February

  UAE, Egypt, Jordan, Bahrain sign $2b of industrial deals

  

  AMMAN / WAM    Companies from the UAE, Egypt, Jordan and Bahrain signed industrial agreements with an investment value exceeding $2 billion at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development. The meeting kicked off in Amman on Sunday in the presence of Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology ...

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• 27 February

  Participants excelled in first round of UAE MotorSurf Championship

  

  ABU DHABI / GULF TIME The first round of the UAE MotorSurf Championship, which was organised by Abu Dhabi Marine Sports Club on Saturday at Abu Dhabi breakwater, saw a great technical success considering the number of competitors that participated in the four categories of the championship. The first round recorded 24 participations. The Czech Republic’s Matias Novotny and Eliska ...

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• 27 February

  UIM F1H2O: Sheikh Mohammed bin Sultan applauds UAE teams

  

  KOPIKO, INDONESIA / GULF TIME Sheikh Mohammed bin Sultan bin Khalifa Al Nahyan, President of the UAE Marine Sports Federation and Chairman of the Board of Directors of the Abu Dhabi Marine Sports Club, met the Emirati teams participating in the first round of Formula 1 World Championship, held in the city of Kopiko on Lake Toba, Indonesia. Sheikh Mohammed ...

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• 27 February

  Hamdan launches ‘Emirati’ digital services for citizens

  

  DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council, First Vice President of the Dubai Council, and Chairman of the Higher Committee for Development and Citizens Affairs, has launched the ‘Emirati’ initiative, a comprehensive single-window platform exclusively designed to offer UAE citizens all the city services they need ...

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• 27 February

  World’s Coolest Winter campaign concludes its 3rd edition successfully

  

  DUBAI / WAM The UAE Government Media Office announced the success of the third edition of the “World’s Coolest Winter” campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on December 2022, in Al Zorah Natural Reserve in Ajman. The campaign promoted tourism, natural sites and ...

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• 27 February

  Supply chains healing up faster amid inflation challenges

  

  BLOOMBERG Supply chains across the world are healing up almost as fast as they broke down. That doesn’t mean the pressure they’re exerting on inflation will disappear as quickly. Take the cost of shipping containers. Spot rates from Asia to the US West Coast increased more than 15-fold during the pandemic and have since returned to pre-Covid levels as trade ...

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• 27 February

  Subprime auto lender American Car Center closes for business

  

  BLOOMBERG American Car Center told employees the business was closing its doors, a day after it pulled a $222 million bond sale from the market, according to people familiar with the matter. The used car retailer, which tends to target consumers regardless of their credit history, said in an email to employees the firm was ceasing all operations, closing its ...

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• 27 February

  Germany, India to boost cooperation in renewables, defense

  

  BLOOMBERG Germany and India agreed to partner on technology to make a transition to renewable energy easier, and deepen defense cooperation and trade during Chancellor Olaf Scholz’s first visit to the South Asian nation as leader. “We want to further strengthen trade ties between the European Union and India,” Scholz said in New Delhi after meeting Indian Prime Minister Narendra ...

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• 27 February

  Germany faces $1trn challenge to plug its massive power gap

  

  BLOOMBERG Germany has set aside more than €260 billion ($275 billion) to deal with the immediate risks of an energy crisis triggered by Russia’s war in Ukraine, but the ultimate fix will be much costlier — if the country can pull it off at all. The pending price tag for future-proofing the country’s energy system is projected to amount to ...

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