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Abu Dhabi / WAM Department of Health – Abu Dhabi, the regulator of the healthcare sector in the emirate, in collaboration with Rafed, the UAE’s primary group purchasing organisation (GPO) for the supply chain of essential medical equipment, has announced the procurement of AstraZeneca’s AZD7442 medication. The new medication is specifically designed to prevent severe infection and death in non-vaccinated ...
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November, 2021
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4 November
Dubai’s Nakheel redevelops historical ‘Jebel Ali Village’
Dubai / WAM Nakheel on Wednesday launched the new “Jebel Ali Village”, a redevelopment of one of the most treasured areas of Dubai into an upscale residential community. Jebel Ali Village will be transformed into a gated, hillside collection of luxury villas set among lush green spaces. The first phase of four and five bedroom villas is on sale from ...
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4 November
Zuckerberg takes a page from Elon Musk’s book
It seems to be a rite of passage that as technology billionaires get older, they spend more time chasing dreams they might have fantasized about as kids. There’s Elon Musk and Jeff Bezos with their rockets, and now Mark Zuckerberg, aged 37, with his plans to build an alternate digital reality known as the metaverse. Last week, Zuckerberg announced that ...
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4 November
Shell mulls making renewable jet fuel at new Swedish facility
Bloomberg The Royal Dutch Shell Plc is looking into developing a production site next to a Swedish nuclear power plant to make synthetic sustainable jet fuel for Scandinavian airline SAS AB. Together with plant operator Vattenfall AB and synthetic fuel maker LanzaTech Inc, the companies agreed to investigate starting a facility that could provide SAS with a quarter of its ...
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4 November
Shoppers haven’t minded higher prices
Dear shopper, how are you doing? Wall Street is dying to know. Investors and market strategists are poring over a spate of economic data and commentary from corporate earnings calls, trying to determine how people feel about spending money in these strange times. Some investors are worried and some are jubilant, and there are data to support both perspectives. Yet ...
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4 November
The sooner BOE hikes rates, sooner it can stop
Does it matter if the Bank of England’s (BOE) Monetary Policy Committee (MPC) decides to hike its rate this Thursday? Or if it instead waits for more data on the labor market and raise instead at the December 16 meeting? Not so much. But it really does matter what the MPC does after that. It won’t do anything for the ...
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4 November
To fight climate change, put markets to work
The battle over climate change is putting an old maxim to the test: Where there’s a will, there’s a way. The COP26 climate summit in Glasgow offers reasons to hope it will be proven correct, particularly on a challenge at the heart of the issue: financing the global transition to clean energy. There is no longer any doubt about the ...
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4 November
American’s cancelled flights portend messy holiday travel
Bloomberg The razor-thin staffing that contributed to thousands of canceled US passenger flights in October doesn’t bode well for smooth holiday travel. American Airlines Group Inc scrapped about 1,900 flights since Saturday, including 302 by November 1, as cancellations continued to ripple from the disruption of flights by high winds at its main hub near Dallas. Just three weeks ago, ...
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4 November
China’s big 3 airlines slump as Covid bashes earnings
Bloomberg China’s three main airlines slid in trade in Shanghai and Hong Kong in the wake of disappointing earnings announcements. China Southern Airlines Co, Air China Ltd and China Eastern Airlines Corp were rooted to the bottom of a Bloomberg gauge of Asia-Pacific airline stocks, their A shares in Shanghai falling more than 3%. China Southern fell as much as ...
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4 November
Relaxing of Japan border controls lifts hopes for tourist stocks
Bloomberg While Japan’s not yet ready to welcome foreign tourists back, prospects are finally looking up for stocks related to the country’s beleaguered travel industry. Airline shares jumped after the Nikkei reported Japan is considering allowing business travellers, exchange students and trainees enter the country from as early as this month — the first relaxation of tight border controls since ...
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