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WGES to encourage investment partnerships in green projects

  Dubai / WAM The 8th World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green projects and financing. It will promote investment and employment opportunities provided by the green economy. During the summit, several local and global high-profile participants, including heads of states and governments, as well as prominent global speakers, ...

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Sheikh Mohammed issues law affiliating Dubai Media Inc to Dubai Media Council

  Dubai / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued Law No. (6) of 2022 affiliating Dubai Media Incorporated (DMI) to Dubai Media Council and endorsing its objectives, tasks, and organisational structure. DMI was established pursuant to Law No. (8) ...

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Attacks behind Russian lines hitting logistics, air base: UK

  Bloomberg A drone struck the headquarters of Russia’s Black Sea fleet in occupied Crimea on Saturday, days after unexplained explosions at nearby military facilities. No injuries were reported. The drone struck the roof of Russia’s Black Sea fleet headquarters in Sevastopol, Crimea, the region’s governor said on Telegram. No injuries were incurred, according to the Russian state news service ...

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Wildfires in Europe burn area equivalent to one-fifth of Belgium

Bloomberg Drought and extremely high temperatures made worse by climate change across Europe have led to record levels of fire activity in the continent, with blazes burning through an area roughly equivalent to one-fifth of Belgium. Wildfires in the European Union have consumed 660,249 hectares (1,631,511 acres) of land for the year through August 13, according to data from the ...

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Fujairah named safest place in Numbeo’s ‘Safety Index by City’

  Abu Dhabi / WAM The emirate of Fujairah was ranked first in the “Safety Index by City” compiled by Numbeo, which provides regular statistics on economic, social and safety areas worldwide. Fujairah received a score of over 93 percent, outperforming 466 international cities, which is attributed to its high living standards and the significant support of His Highness Sheikh ...

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Premiums of listed insurance firms in UAE reach AED15.6bn

  Abu Dhabi / WAM The total premiums of insurance companies listed in local financial markets in the first half of 2022 increased by 7.64% year-on-year, equivalent to AED1.11 billion, while their net profits totalled AED817.8 million. According to the disclosure reports of 28 national insurance companies, the total value of premiums increased from AED14.563 billion in the first half ...

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Dewa develops proactive solutions to increase efficiency, says Al Tayer

  Dubai / WAM Dubai Electricity and Water Authority (Dewa)’s Asset Health Centre consolidates preventive and proactive maintenance in the water network through gathering and analysing data and providing needed recommendations to enhance the health and life cycle of assets (pumps, engines, pipes, water reservoirs and others). It also forecasts defects using artificial intelligence and machine learning algorithms. Dewa uses ...

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PetroChina considers spinoff of energy marketing business

Bloomberg PetroChina Co, the country’s biggest oil and gas producer, is weighing a plan to carve out its marketing and trading business and seek a separate listing, people with knowledge of the matter said. China National Petroleum Corp (CNPC), the state-owned parent of PetroChina, has asked external consultants to provide proposals on the feasibility of such a plan, said the ...

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Nato races to counter Russia’s threat in Europe’s weak spot

  Bloomberg It didn’t take long after Russia attacked Ukraine for French Colonel Clement Torrent to get his orders: He had six months to build a base for 1,000 soldiers on Nato’s eastern frontier. He and about 200 troops from France, Belgium and the Netherlands are now busy leveling a hilltop in the Romanian region of Transylvania. “Our due date ...

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Mubadala-backed G42 sets up $10bn technology growth fund

Abu Dhabi / WAM G42, the leading UAE-based AI and cloud computing technology company, on Thursday launched the $10 billion G42 Expansion Fund, a global technology growth fund formed in strategic partnership with Abu Dhabi Growth Fund (ADG). The fund, which will be managed by a subsidiary of G42, is focused on accelerating the pace of global innovation by investing ...

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