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Bloomberg Oil pared gains after the biggest daily surge in 16 months pushed prices back above $100 a barrel. Futures in New York were trading near $104 a barrel after jumping 8.4%. Crude has whipsawed this week on conflicting news about progress in peace negotiations between Russia and Ukraine. The International Energy Agency (IEA) said on Friday that prices ...
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March, 2022
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18 March
Sheikh Mohamed, Greek PM discuss bilateral ties
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Kyriakos Mitsotakis, Prime Minister of Greece, discussed on Friday by phone the friendship and strategic partnership relations that bind the two countries and means to further develop them in various fields. During ...
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18 March
Dubai’s week-long realty deals reach AED9.3bn
DUBAI / WAM The real estate and properties transactions valued at AED 9.3 billion in total during the week ending March 18, according to the Dubai Land Department (DLD). The weekly DLD report said the sum of transactions was 2,400. 355 plots were sold for AED1.33 billion, 1,547 apartments and villas were sold for AED 2.96billion. The top three ...
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18 March
Julphar’s 2021 net profit reaches AED63.9 million
RAS AL KHAIMAH / WAM Gulf Pharmaceutical Industries (Julphar) has reported its year end 2021 financial results, with revenues of AED1,143 million, a 100 percent increase as compared to full year 2020 revenue of AED573 million. The increase is primarily attributable to increased market share in key operating regions including the UAE and Saudi Arabia and the contribution from ...
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18 March
UAE, Zimbabwe bilateral trade surges to $1.6 billion in 2021
Dubai / WAM A 300 percent jump in Zimbabwe-UAE bilateral trade during the past three years and corresponding growth in overall ties reflect the historical partnership between Africa and the Arab world, President of Zimbabwe Emmerson Mnangagwa, told the Emirates News Agency (WAM). “The relations between Zimbabwe and the UAE are growing so fast in all sectors. Three years ...
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18 March
DMCC to drive new businesses from UK to Dubai
Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has showcased its flagship “Made for Trade Live” global roadshow in London, United Kingdom, highlighting the significant opportunity of doing business in Dubai for British companies looking to expand internationally. The event saw senior DMCC executives brief 170 ...
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18 March
Julphar revenues jump 100% to AED1,143 million in 2021
RAS AL KHAIMAH / WAM Gulf Pharmaceutical Industries (Julphar) has reported its year end 2021 financial results, with revenues of AED1,143 million, a 100 percent increase as compared to full year 2020 revenue of AED573 million. The increase is primarily attributable to increased market share in key operating regions including the UAE and Saudi Arabia and the contribution from ...
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18 March
Sharjah is ‘Guest of Honour’ at Bologna Children’s Book Fair
Sharjah / WAM Sharjah will shine a light on the rich cultural and literary legacy of Emirati and Arab artists and authors as part of its diverse programming agenda as Guest of Honour at the upcoming 2022 edition of Bologna Children’s Book Fair (BCBF), from March 21-24. Through an exciting range of activities, events, and visits organised by cultural ...
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18 March
Ramadan will begin on April 2, last for 30 days
SHARJAH / WAM Ibrahim Al Jarwan, Chairman of the Board of Directors of the Emirates Astronomical Society, said the Holy Month of Ramadan will begin on Saturday, April 2, and Eid al-Fitr will fall on Thursday, May 2, adding that Ramadan in 1433 Hijri Year is expected to last for 30 days. The city of Khor Fakkan in the ...
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18 March
Bloomberg forum discusses UAE’s global growth outlook
Dubai / WAM The Bloomberg UAE Capital Markets Forum 2022 opened in Dubai, with the participation of local and international government and business leaders discussing the UAE’s global growth outlook, IPO boom and road to net zero. The forum’s three panel discussions assessed the economic impact of the UAE’s expanding trade relationships with fast-growth Asian and African economies, the ...
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