February, 2023

• 7 February

  Investopia signs new partnership with EDB

  

  Dubai / WAM Investopia, the global investment platform launched by the UAE government, announced a new partnership through signing a MoU with Emirates Development Bank (EDB), one of the key financial engines for the economic development and industrial advancement of the UAE. Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia, witnessed the MoU signing during a ...

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• 7 February

  Dubai’s DP World shipping volumes up 1.4% in 2022

    Dubai / WAM DP World Limited handled 79 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year 2022, with gross container volumes increasing by 1.4% year-on-year on a reported basis and up 2.8% on a like-for-like basis. On a Q4 2022 basis, DP World handled 19.5 million TEU, up 2.4% on a ...

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• 7 February

  UAE foreign trade rises 17% to AED2.23 trillion in 2022

  

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE cabinet meeting at Qasr Al Watan Abu Dhabi, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance; HH Lt. ...

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• 7 February

  Burjeel enters Saudi, to open 60 clinics in JV with Leejam

  

    Abu Dhabi / WAM UAE-headquartered Burjeel Holdings on Monday announced the signing of a memorandum of understanding to create a joint venture (JV) with Leejam Sports Company, the owner and operator of 155 ‘Fitness Time’ branded fitness centres in Saudi Arabia and the UAE. The MoU, signed at the Ministry of Investment of Saudi Arabia headquarters in Riyadh, will ...

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• 7 February

  Emiratis must complete one year on job to receive end-of-service benefits

  

  Abu Dhabi / WAM The General Pension and Social Security Authority (GPSSA) has said that insured Emiratis must complete a minimum of one year in their jobs to be entitled to receive their end-of-service payment from the authority. The minimum period for an insured individual to spend at an entity is 11 months and one day, given that the ‘one ...

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• 7 February

  Museum of the Future opens new shop with AI-driven audio

  

    Dubai / WAM The Museum of the Future has opened a physical store with an AI-driven audio offering limited-edition and exclusive items including replicas from some of its most popular exhibits. Many of the items are inspired, designed, and made by local designers as well as internationally renowned artists, including Jason Bruges and Ally Powell. The range includes a ...

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• 7 February

  Dewa marks 26th National Environment Day

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) participated in a campaign to clean the beach, and plant mangroves at the Jebel Ali Marine Sanctuary, organised by the Emirates Marine Environmental Group. The move is in conjunction with the National Environment Day, observed on February 4 each year, and is held this year under the theme ‘Towards a Sustainable ...

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• 7 February

  Winners of UAE Remote Control Boat Championship first round announced

  

    Abu Dhabi / Gulf Time The first round of the UAE Remote Control Boat Championship, which was held on Abu Dhabi breakwater, recorded a large number of participants. The championship, organised by Abu Dhabi Marine Sports Club, drew as many as 36 contestants in three categories — 2-Cell, 3-Cell and 4-Cell for juniors, novices and professionals respectively. In 2-Cell ...

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• 7 February

  Starbucks slips as lingering China weakness hits results

  

    Bloomberg Starbucks Corp. reported profit and comparable sales that trailed Wall Street’s expectations as weakness in China weighed on results, sending shares down in late trading. Executives reaffirmed confidence in the country and predicted a recovery there this year. Comparable sales of 5% in the quarter ended January 1 were below the average estimate for 6.8% growth compiled by ...

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• 7 February

  Russian tycoon may buy Germany’s Hahn airport

  

    Bloomberg The insolvency administrator of Frankfurt-Hahn airport in western Germany said he’s secured different “sale variants” for the facility and concluded two purchase agreements with investors who are independent of each other. The administrator’s comment comes amid reports of several interested parties for the insolvent airfield. The agreements are subject to conditions “so that ultimately only one purchase agreement ...

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