January, 2022

• 26 January

  UAE, Poland discuss boosting cooperation

  

    WARSAW / WAM Dr Eman Ahmed Al Salami, UAE Ambassador to Poland, has met with Elżbieta Witek, Speaker of the Polish Parliament. During the meeting, the parties discussed aspects of cooperation between the UAE and Poland in a number of areas of common interest and ways to further develop them, especially in the parliamentary field. The UAE ambassador commended ...

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• 26 January

  UAE drone ban violators face AED100,000 fine, 6-month jail

  

    Abu Dhabi / WAM The UAE Public Prosecution (PP) explained on Wednesday, through posts on its social media accounts, the penalties for flying a drone in violation of the ban issued by the competent authorities. According to Article 176 of the Federal Decree-Law No. 31 of 2021 on the Promulgation of Crimes and Punishment Code, “whoever flies over areas ...

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• 26 January

  Shurooq inks deal with Marriott International

    Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq) has announced the signing of a franchise agreement with Marriott International for two new hospitality projects set in Sharjah’s scenic East Coast. The agreement, signed by Shurooq’s Sharjah Collection & Hotels Management, marks the debut of Marriott’s Autograph Collection in Sharjah. Two of Shurooq’s new hospitality projects in Kalba ...

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• 26 January

  UAEU discusses role of media with WAM, Sputnik

    Abu Dhabi / WAM The Department of Media and Creative Industries at UAE University (UAEU), in collaboration with the Emirates News Agency (WAM) and Russia’s Sputnik News Agency and Radio, held a lecture on the role of the media in strengthening partnerships and training a new generation of journalists on how to deal with a multi-cultural public through modern ...

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• 26 January

  Nakheel elevates Dubai’s real estate offering with Tilal Al Furjan

  

    Dubai / WAM Master developer Nakheel is kicking off the new year with the launch of Tilal Al Furjan, a new collection of 220 luxury four-and five- bedroom villas overlooking the Al Furjan master community. With spacious interiors, high quality finishing, floor to ceiling windows and an emphasis on environmental sustainability, the homes occupy an elevated position above Al ...

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• 26 January

  Will monetary tightening hit financial conditions?

  

    There is little doubt that advanced countries in the first half of 2022 will pull back, albeit partially, on the ultra-stimulative monetary policies they have pursued for several years. What is more consequential, yet less certain, is when and how this will lead to a meaningful tightening of financial conditions and what the spillover effects will be for the ...

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• 26 January

  A reckoning is coming for biotechs

  

  The biotech sector is more than 40% down from its high last February, while the major pharmaceutical firms are flush with cash. That sounds like the ideal condition for dealmaking. But what if biotech boards and shareholders want takeover bids at yesterday’s sky-high prices? A 2020 study by JP Morgan Chase & Co. analysts found that when markets fall, a ...

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• 26 January

  EV battery makers getting their hands on everything

  One of the most abundant and essential ingredients in electric vehicle batteries is beginning to experience demand pressures, showing how supply chain troubles are getting deeper and the value chain even more expensive. Tesla Inc last week signed a deal with Australian mining company Syrah Resources Ltd to procure materials from the firm’s Louisiana operations, with the raw inputs coming ...

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• 26 January

  Don’t give Putin a veto over Nato expansion

  Talks between Russia, the US and Europe have hit an impasse over Russia’s demand that Nato agree not to admit any new members. So far, the Biden administration and European leaders have rejected such terms. In so doing, they risk giving Russian President Vladimir Putin an excuse to invade Ukraine. But caving to Putin’s blackmail would be even worse. Putin ...

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• 26 January

  Wizz Air steps up expansion in UK as Omicron curbs ease

  

    Bloomberg Wizz Air Holdings Plc is scouring its European operations for planes and staff to boost UK capacity amid mounting optimism that test-free travel will spur a comeback in demand by the summer. Bookings are up as Britain prepares to scrap testing for vaccinated arrivals after the omicron variant of Covid-19 pushed Wizz to a loss last quarter. Chief ...

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