June, 2022

• 23 June

  SoftBank’s Son faces shareholders shaken by $34 billion loss

  

    Bloomberg SoftBank Group Corp founder Masayoshi Son is used to praise and encouragement from shareholders. But company’s loss of $34 billion in market value over the last year is a test for even his most faithful admirers when they gather for the annual shareholders’ meeting. Investors stuck by Son when SoftBank announced a holding company strategy in 2015 to ...

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• 23 June

  Worst natural disaster in eight years kills 1,000 in Afghanistan

    Bloomberg At least 1,000 people have been killed and hundreds more injured after a powerful earthquake hit southeastern Afghanistan overnight, setting off a new humanitarian crisis in a country already facing a crumbling economy and hunger. The eastern Paktika province was the worst hit, Sharafuddin Muslim, the deputy state minister for Disaster Management said. The state-run Bakhtar News agency ...

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• 23 June

  UAE to host COP28 climate summit at Expo City Dubai

    ABU DHABI / WAM Under the directive of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the 28th United Nations Climate Change Conference of the Parties (COP28) will be hosted at Dubai Expo City. The directive underlines the venue’s unique proposition as a state-of-the-art destination, which brought the world together in the UAE for six months. Both Expo ...

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• 23 June

  UAE’s Pure Health joins National ICV programme

  

  Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) signed an agreement with Pure Health, the UAE’s largest integrated healthcare group, to join the National In-Country Value Programme, one of the key pillars of the national industrial strategy. As part of the agreement, that was signed on the second day of the “Make it in the Emirates” ...

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• 23 June

  Edge, Troossmil join hands to explore cooperation on locally-made products

  

    Abu Dhabi / WAM Edge, an advanced technology group for defence and beyond, on Wednesday signed a memorandum of understanding with Abu Dhabi-based Troossmil Trading LLC to forge long-term collaboration for the supply of coating materials for munitions, and other locally manufactured speciality products. The agreement was signed by Ahmed Al Khoori, Senior Vice President of Strategy & Excellence ...

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• 23 June

  Ajman, Casablanca discuss ways to boost cooperation

  

    Ajman / WAM A delegation from the Ajman Chamber of Commerce and Industry (ACCI) visited the Casablanca Chamber of Commerce, Industry and Services – the Kingdom of Morocco, to discuss ways of mutual cooperation and exchange experiences, and review the best practices that support the development of the economic environment. This visit is a part of the ACCI’s efforts ...

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• 23 June

  Emirates to operate extra flights for Hajj

    DUBAI / Gulf Time With the significant demand for air travel during Hajj, Emirates is deploying extra flights to ensure more connectivity for the scores of pilgrims making their way to the Holy City of Makkah. Emirates will be operating special flights to Jeddah and Medina during the upcoming Hajj season to carry pilgrims for this special period. Emirates ...

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• 23 June

  UAE public spending reaches AED11.35 billion in Q1 2022

  

    Abu Dhabi / WAM The Ministry of Finance announced that the revenues of federal authorities in the first quarter of 2022 amounted to AED11.339 billion while their expenditures amounted to some AED11.354 billion during the same period. In the financial performance report of the outcomes of the implementation of the general budget of the Federation for the first quarter ...

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• 23 June

  UAE’s Pure Health commits AED10b to local procurement

  

    Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) signed an agreement with Pure Health, the UAE’s largest integrated healthcare group, to join the National In-Country Value Programme, one of the key pillars of the national industrial strategy. As part of the agreement, that was signed on the second day of the “Make it in the ...

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• 23 June

  ERC opens 3 colleges of technology in Fiji

    ABU DHABI / WAM The Emirates Red Crescent (ERC), under the leadership of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), inaugurated three colleges of technology in Fiji, to support the country’s education sector in areas affected by severe Tropical Cyclone Winston. Each college consists of ...

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