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UAE leads in launching a new industrial era in Mena region

  Abu Dhabi / WAM The United Arab Emirates is launching a new industrial era based on advanced technology, employing resources and capabilities, strengthening international and regional partnerships, and pushing efforts to build an advanced and competitive Middle Eastern industrial fortress, through the signing of the “Industrial partnership for Sustainable Economic Growth” with Egypt and Jordan. This strategic partnership between ...

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Irthi fosters cultural exchange between Sharjah, Milan

  Sharjah / WAM Irthi Contemporary Crafts Council, an affiliate of Nama Women Advancement, is creating compelling, immersive experiences for the global design community as it highlights the refined beauty and contemporary aesthetics of Emirati craft traditions at the upcoming Milan Design Week from June 7-12. Irthi will also leave a firm imprint on the international design scene in Milan ...

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Bachelet to China: Anti-terror actions must respect rights

Bloomberg The United Nation’s top human rights official said any actions by China’s government to address alleged terrorism and reverse what Beijing terms radicalism must not come at the expense of human rights. Michelle Bachelet spoke at a press briefing at the end of her six-day trip to China, which she’s repeatedly said wasn’t an “investigation” of Chinese practices in ...

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ADC Acquisition Corporation shares to start trading on ADX

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investment, an Abu Dhabi-based private investment firm managing a diversified portfolio of listed and unlisted equities on both local and international markets, announced on Friday that shares and warrants of the co-established SPAC, ADC Acquisition Corporation (ADC), commences trading on the Abu Dhabi Securities Exchange ...

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Seamless Middle East 2022 opens on May 31

  Abu Dhabi / WAM The Conference and Exhibition on Digital Economy Technologies (Seamless Middle East 2022) will be held in Dubai from May 31 to June 1 at the World Trade Centre. The event, held under the patronage of His Highness Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, is jointly ...

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Dubai boosts its status as preferred hub for global tech firms

  Dubai / WAM More than 20 years since its establishment in 2000, Dubai Internet City (DIC) continues to be among the world’s preferred hubs for new economy companies, with several high-growth, high value-added, technology-enabled global firms recently choosing DIC to establish their regional operations. The latest to join the ever-growing ranks of new economy companies making DIC their home ...

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Duke Energy wants to quit coal, but regulators say ‘no’

  Bloomberg Duke Energy Corp planned to close its last six coal power plants in the Carolinas by 2030 to accelerate the company’s carbon-cutting goals. South Carolina regulators said no—ordering the US utility to keep the plants open longer. The decision sets up a showdown as Duke Energy appeals a regulatory response that threatens the company’s preferred plan to speed ...

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Biden bets on new rule to speed up asylum decisions at border

Bloomberg The Biden administration is counting on a rule change to speed up asylum decisions at the southern border and help ward off the turmoil expected to come if a measure that limits those claims is allowed to expire. Department of Homeland Security officials will get the power to reject or approve asylum cases directly starting from May 31. It’s ...

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UK economy can dodge a recession: Boris Johnson

Bloomberg Prime Minister Boris Johnson said the UK can a dodge a recession in the months ahead even as the cost of living crisis sets the stage for a “difficult” period. Economic pressures are emerging as the gravest political threat to Johnson and his party, beyond the various scandals that have dogged his government such as the row over illegal ...

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