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  WASHINGTON DC / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, concluded a two-day visit to Florida, which focused on expanding the bilateral UAE-US trade and commercial relationship. His trip to the “Sunshine State” builds on recent economic development missions to the UAE by local South Florida officials. Dr Al Zeyoudi met Broward County ...

  Bloomberg Investment returns from UK power network operators are set to be higher than analysts expected as the regulator unveiled a $25.5 billion budget for expanding the grid for the green-energy transition. Ofgem said it’s proposing tough efficiency targets for the networks, along with a reduction in their allowed rate of equity return to 4.75% from about 6%. While ...

Bloomberg Nato leaders formally invited Sweden and Finland to join the military alliance, paving the way for reshaping European defense by lengthening its border with Russia. “The accession of Finland and Sweden will make them safer, Nato stronger, and the Euro-Atlantic area more secure,” according to summit conclusions agreed by Nato leaders in Madrid after weeks of stalling by Turkey. ...

  Bloomberg The US merchandise-trade deficit narrowed in May to its smallest this year as exports rose to a record, suggesting a tailwind for economic growth in the second quarter. The shortfall shrank 2.2% to $104.3 billion last month, Commerce Department data showed. The figures, which aren’t adjusted for inflation, compared with a median estimate for a gap of $104.8 ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received on Tuesday Narendra Modi, Prime Minister of India. The Indian Prime Minister offered his condolences to the UAE President and people on the passing of Sheikh Khalifa bin Zayed Al Nahyan, recalling his generous humanitarian values and the progress witnessed in the Emirati-Indian ties at all ...

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched ‘Dubai Global’, an initiative to establish 50 integrated commercial representative offices for Dubai in five continents across the world during the next few years. The initiative aims to strengthen Dubai’s position as one of the ...

  Abu Dhabi / WAM Alpha Dhabi Holding has increased its stake in Aldar Properties, reaffirming its position as the largest shareholder and consequently becoming Aldar’s parent company. Through this latest additional stake, Alpha Dhabi has raised its shareholding of Aldar to complement its existing majority representation on Aldar’s Board of Directors. Accordingly, Aldar will be treated as a subsidiary ...

Bloomberg Group of Seven nations agreed to stick by Ukraine to the bitter end and ratchet up the cost to Russia of its aggression, while leaving much of the detail of how to do so unresolved. At the conclusion of a G-7 summit in Germany, leaders stressed their “unwavering commitment” to the government and people of Ukraine, and made clear ...

Bloomberg The UK government would have to pay £14 billion pounds ($17 billion) a year to give public-sector workers the 7 percent pay raise that some of them are demanding. The figures, from an analysis by Bloomberg Economics, shed light on the options Prime Minister Boris Johnson is facing to defuse the biggest round of strikes in decades. Rail workers ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Monday announced that it has signed a strategic collaboration agreement with the Emirati Talent Competitiveness Council (Nafis), to accelerate the recruitment of talent in the private sector and create 3,000 additional jobs for UAE nationals in its supply chain by 2025. Through this agreement, Adnoc will step up ...