May, 2022

• 20 May

  UAE, ICA ink deal to bolster national cooperative sector

  

    Abu Dhabi / WAM The Ministry of Economy (MoE) and the International Cooperative Alliance (ICA), the largest global cooperative organisation, signed a memorandum of understanding (MoU) to develop the structure of the UAE’s project aimed at strengthening the national cooperative sector. The partnership forms part of the ministry’s strategy to improve the performance of the country’s cooperative sector and ...

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• 20 May

  UAE, Turkey export credit agencies to boost trade ties

  

    Abu Dhabi / WAM Etihad Credit Insurance, the UAE Federal export credit company, has signed a memorandum of understanding (MoU) with Turkey’s export credit agency — Turk Eximbank to enhance trade and support business relations between the UAE and Turkey. The two export credit agencies will work together to facilitate trade and export and ease access to credit insurance ...

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• 20 May

  DFM to launch trading Oman crude oil futures

    DUBAI / WAM The Dubai Financial Market (DFM) announced on Thursday that it is launching trading of its new Micro Oman Crude Oil Contracts on June 1, providing investors with a unique investment opportunity The Micro Oman Crude Oil Contract will represent a significant addition to DFM growing futures market. It enables investors’ seamless access to gain on the ...

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• 20 May

  Alpha Dhabi to invest $2.5b in new venture capital fund

  

    Abu Dhabi / WAM Alpha Dhabi Holding announced its commitment to invest AED9.2 billion ($2.5 billion) in Chimera Capital and Alpha Wave’s landmark “Alpha Wave Ventures II” venture fund, which was announced and launched at the beginning of the year. The total commitment comprises a capital contribution of AED2.6 billion and an undrawn capital commitment of AED6.6 billion, which will ...

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• 20 May

  UAE’s tourism sector achieves new growth milestone in Q1 ’22

  

    Abu Dhabi / WAM Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs and Chairman of the UAE Tourism Council, revealed that the UAE’s tourism sector achieved a new growth milestone in Q1 2022, underlining its competitiveness at both regional and global levels. He attributed the sector’s latest achievement to the unlimited support and directives of ...

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• 20 May

  Sultan bin Ahmed reviews preparations for Sir Bu Nair Festival

  

    Sharjah / WAM His Highness Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, was briefed on Thursday on the preparations for the 22nd edition of Sir Bu Nair Festival, this came during a meeting via video call, with the Supreme Committee of the festival. The meeting was attended by Hana Saif Al Suwaidi, Chairperson of ...

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• 20 May

  UAE, Bahrain discuss ways to enhance defence cooperation

  

    Manama / WAM The delegation of the UAE Ministry of Defence headed by Staff Brigadier Musallam Al Rashidi has met with Major-General Sheikh Nasser bin Hamad Al Khalifa, Bahraini National Security Advisor and Royal Guard Commander, in Bahrain. Royal Guard Special Force Commander, Lieutenant-Colonel Sheikh Khalid bin Hamad Al Khalifa, attended the meeting. Sheikh Nasser welcomed the UAE delegation, ...

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• 20 May

  Dubai hosts 21st international spine conference

  

    Dubai / Gulf Time Neuro Spinal Hospital, Dubai organised the 21st Dubai International Spine Conference (DISC) and sixth annual meeting of Arab spine in collaboration with Nass (North American Spine Society), Royal College of Surgeons in Ireland (RCSI) and Arab Spine in Dubai. ‘The educational committee prepared a very rich program covering the innovation and new technology in spine ...

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• 20 May

  Victory, defeat are hard to define now in Ukraine

  

  One of the most striking things about the Russo-Ukrainian war of 2022 is the variety of outcomes that both sides could declare as a victory — and the scarcity of outcomes that can last. What will determine the success of any declaration is its intended audience. What matters in the real world, however, is whether the outcome establishes a balance ...

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• 20 May

  Boeing faces a chorus of critics!

  

  As a general rule, chief executive officers don’t go around calling for one another’s removal. For one, they tend to know one another and are often friends, especially if they work in the same industry. More important, those who live in glass houses shouldn’t throw stones, as the adage goes, and the CEO job is the epitome of a glass ...

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