February, 2022

• 1 February

  Aafaq announces services, special offers for Expo 2020

  

    Dubai / Gulf Time The “Aafaq Islamic Finance” platform, the leading institution in the financial sector and providing financial products and services in compliance with the provisions of Islamic Sharia, continues to provide its services and offers for the “Expo 2020 Dubai”, amid an increasing number of visitors to this largest global exhibition. Participants and visitors from individuals to ...

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• 1 February

  Danube Home launches its all-new kids’ furniture collection

  

    Dubai / Gulf Time Every parent wants to give the best life can offer to their kids, but growing minds also need a space of their own to hone their skills, to get a peaceful well-rested lay, while also serving their educational and play needs. Keeping this in mind, Danube Home has launched its all-new kids’ furniture collection that ...

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• 1 February

  Masdar City, MBRIF partner to cultivate entrepreneurship

  

    Abu Dhabi / WAM Masdar City and the Mohammed Bin Rashid Innovation Fund (MBRIF) on Monday announced a strategic partnership designed to cultivate entrepreneurship and economic development in the UAE and at an international level. The initiative will extend support to innovative SME’s, while also sharing industry knowledge and collaborating to develop the entrepreneurship ecosystem at home and abroad. ...

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• 1 February

  Abu Dhabi, Mauritius to bolster economic ties

  

    ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the Economic Development Board of Mauritius (EDB) to further deepen the economic and trade relations between Mauritius and the emirate of Abu Dhabi. The agreement also aims at serving the business environment as a world system for positive partnership, share experiences ...

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• 1 February

  Zayed II Military College produces qualified leaders, says Mattar Al Dhaheri

  

    Abu Dhabi / WAM Mattar Salem Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, said the 50th anniversary of Zayed II Military College coincides with the UAE’s golden jubilee, proving the country has been aware, since its establishment, of the importance of creating a strong army. In his speech on the occasion, he added the Founding Father, late ...

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• 1 February

  dnata to invest $224m in Amsterdam cargo centre

  

    Dubai / WAM dnata, a leading global air and travel services provider, announced a major, over €200 million ($224.07 million) investment in a fully automated cargo centre, dnata Cargo City Amsterdam, at Amsterdam Airport Schiphol (AMS). dnata Cargo City Amsterdam will significantly enhance cargo capacity in The Netherlands and create new, direct jobs with dnata. It will enable dnata ...

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• 1 February

  Ambani’s $75 billion plan aims to make India a hydrogen hub

  

    Bloomberg Billionaire Mukesh Ambani’s ambitious effort to pivot his conglomerate Reliance Industries Ltd. toward green energy could transform India into a clean hydrogen juggernaut. Ambani, Asia’s richest man, announced plans earlier this month to invest $75 billion in renewables infrastructure including generation plants, solar panels and electrolysers. There is growing speculation that the strategy entails transforming all of that ...

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• 1 February

  Global gas demand growth hit by Europe’s energy crisis, says IEA

  

    Bloomberg Global demand for natural gas will increase only marginally this year as declining use in Europe stifles a post-pandemic recovery in consumption of the fuel. Demand growth will slow to 0.9% after a 4.7% advance last year, the International Energy Agency said in its quarterly gas report. While use is expected to increase in Asia and North America, ...

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• 1 February

  Johnson promises measures to abate rising energy costs

  

    Bloomberg UK Chancellor of the Exchequer Rishi Sunak will announce a package of measures to alleviate the impact of rising energy costs “in due course,” Prime Minister Boris Johnson said on Monday, as his government grapples with a growing squeeze on the cost of living. Johnson is coming under increasing pressure from opposition parties and members of his own ...

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• 1 February

  Russia’s oil weapon more potent than gas blackmail

  

    Russian military action in Ukraine could trigger an energy crisis even more serious than the one already hitting Europe. As has been pointed out, should the West hit Russia with severe new sanctions, President Vladimir Putin could cut off natural gas exports, leaving the continent shivering through midwinter. Yet there is another potential weapon of Russia’s that’s been less ...

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