March, 2022

• 30 March

  Visitors say ‘goodbye’ as Expo 2020 Dubai final curtain nears

  

    DUBAI / WAM Expo 2020 Dubai recorded more than one million visits last Friday, Saturday and Sunday as visitors say their final goodbyes to what has been a spectacular six months. More well-wishers are expected to flock to the site in the remaining three days to be part of the World Expo’s closing action and entertainment – including what ...

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• 30 March

  UAE ministry, BlackRock CEO discuss cooperation

    Abu Dhabi / WAM Abdullah bin Touq Al Marri, Minister of Economy, met with Larry Fink, CEO of BlackRock, a leading global asset management company, to discuss ways of boosting their investments in various economic sectors. The meeting took place during the Investopia Investment Summit, on the sidelines of the World Government Summit 2022. Al Marri highlighted the summit’s ...

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• 30 March

  UAE participates in ITU Council 2022

    ABU DHABI / WAM The UAE, represented by the Telecommunications and Digital Government Regulatory Authority (TDRA), participated in the 2022 Session of the ITU Council at the ITU headquarters in Geneva. Majed Sultan al-Mesmar, Director-General of the TDRA, headed the TDRA’s delegation while Saif bin Ghelaita, Executive Director of the Technology Development Affairs Department at the TDRA, chaired the ...

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• 30 March

  DP World launches e-commerce platform in Tanzania

  

    DAR ES SALAAM / WAM DP World on Tuesday announced the launch of its wholesale e-commerce platform Dubuy.com in Tanzania. The online marketplace will give Tanzanian businesses better access to international markets. It will also provide a more secure and reliable supply chain, through DP World’s worldwide ports and logistics network. The new platform enables Tanzanian businesses to buy ...

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• 30 March

  Southwest Gas sets share sale price below Icahn’s rejected offer

  

    Bloomberg Southwest Gas Holdings Inc priced shares at $74 apiece in a stock sale to fund its $2 billion acquisition of a pipeline company that activist investor Carl Icahn tried to block. The price is below an offer made by Icahn, who has been rebuffed in efforts to take over the utility owner. Southwest Gas will raise about $392.5 ...

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• 30 March

  E.ON, Fortescue to supply green hydrogen to Europe

    Bloomberg German energy giant E.ON and Australia’s Fortescue Future Industries plan to supply green hydrogen to Europe as the continent seeks to cut its dependency on Russian energy. The companies will work together to supply 5 million metric tons of green hydrogen a year by 2030, they said in an emailed statement, after signing a memorandum of understanding in ...

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• 30 March

  Putin’s war is hollowing out Russia’s tech future

  

  Russia’s invasion of Ukraine has been met with crippling sanctions, brought an untold human and economic cost, and turned it into an international pariah. But one of the most damaging long-term consequences may be the resulting hollowing out of the nation’s vast pool of tech talent. As many as 70,000 information technology workers have already fled the country and another ...

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• 30 March

  US consumers’ resilience is waning

  

  Signs are emerging that the resilience of American consumers is rapidly waning, potentially undermining one of the few remaining pillars supporting the bull market in equities. US households have until recently mostly absorbed higher prices on everything from coffee to chicken to clothes, helping companies maintain fat profit margins despite higher input. But that doesn’t mean consumers were happy about ...

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• 30 March

  Why Shanghai’s gentle Covid-zero policy failed

    Shanghai is China’s most important financial hub as well as the regional headquarters of global brands such as Apple Inc, Tesla Inc and LVMH Moet Hennessy Louis Vuitton SE. Until recently, it also executed China’s “dynamic clearing” Covid policy better than the country’s other municipalities. With a staff of over 3,000 conducting contact tracing in the city of 25 ...

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• 30 March

  Putin’s N-threat makes unthinkable a possibility

    Might Russian President Vladimir Putin drop The Bomb? Unleash a nuclear weapon in Ukraine? It is conceivable. Yet five years ago, it would have seemed fantastic that such a question could be posed about any national leader in the world. For much of the Cold War, prospects of Armageddon filled the nightmares of statesmen and their peoples. During the ...

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