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  Abu Dhabi / WAM Khalifa Fund for Enterprise Development has officially announced that its membership programme has been enhanced and updated with a variety of business add-ons, which will further encourage and enable entrepreneurship. The membership updates includes an unlimited amount of trade license business registrations, which was originally 1 license per entrepreneur; fewer age restrictions, with anyone being ...

  Sharjah / WAM American University of Sharjah (AUS) is one of the top five institutions worldwide for community engagement in sustainability, according to the 2022 Sustainable Campus Index (SCI) issued by the Association for the Advancement of Sustainability in Higher Education (AASHE). A publication from the Association for the Advancement of Sustainability in Higher Education, the SCI highlighted innovative ...

Bloomberg Gazprom PJSC said it will shift its contract to supply gas to China to rubles and yuan from euros, as the Kremlin steps up efforts to move trade out of currencies it considers “unfriendly” amid US and European sanctions. The state-run gas giant signed an additional agreement to its existing contract with China National Petroleum Corp on the issue, ...

Bloomberg The death of Queen Elizabeth II prompted an outpouring of condolences from global leaders, many noting that her long reign provided constancy to a world beset by wars, a pandemic and other crises. US President Joe Biden said she “defined an era.” “In a world of constant change, she was a steadying presence and a source of comfort and ...

  ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), affirmed that the entirety of UAE’s achievements in women empowerment in all fields, especially in peace and security since the issuance of the United Nations ...

  ABU DHABI / WAM AD Ports group’s Safeen Feeders will collaborate with shipping leader CMA CGM group, a global player in sea, land, air and logistics solutions, in launching a new Southeast Asia service linking Singapore, Colombo and Chennai. The company’s ‘Safeen Pioneer,’ which has a container capacity of 2,034 TEUs, will join CMA CGM group’s ‘Songa Tiger’ on ...

Dubai / WAM Emirates NBD Securities has become the first securities brokerage to launch an end-to-end digital onboarding process. The newly launched platform enables more than 1 million Emirates NBD customers to start trading instantly amid increased demand for stocks and a robust pipeline of initial public offerings on the Dubai Financial Market (DFM). The end-to-end digital process offered by ...

Bloomberg The UK Treasury and Bank of England launched a £40 billion ($46 billion) fund to provide energy traders liquidity to deal with massive margin calls, joining a list of European states taking dramatic action to prevent the energy crisis becoming a “Lehman” moment. The so-called Energy Markets Financing Scheme will provide stability for energy and financial markets, and help ...

  Bloomberg The Biden administration published its strategy for subsidising US output of semiconductors, with the first phase of funding potentially being rolled out next spring, Commerce Secretary Gina Raimondo said. Smaller, simpler projects involving expansion of existing facilities will be the first to receive funds, followed by more complex projects for so-called leading-edge chips, which the US currently doesn’t ...

  Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (Adnec) has rebranded and unveiled a new corporate identity with the aim of increasing the visibility of the group’s six main business sectors: Venues, events, hotels, food and beverage, services and tourism. Strengthening its position as a leading events and leisure tourism player in Abu Dhabi, Adnec group maximises ...