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  Bloomberg Natural gas in Europe declined as traders weighed the region’s reluctance to sanction Russian supplies and the potential easing of retaliatory action by Moscow. Benchmark Dutch futures fell as much as 21%, after swinging wildly between gains and losses. While the European Commission has said it plans to reduce Russian gas imports by two-thirds this year, finding alternatives ...

Bloomberg Poland is offering to send its MiG-29 fighter jets to an American base in Germany for Nato to decide what to do with them, as it grapples with public pressure from Ukraine to send in planes to help combat Russia’s air superiority. The government in Kyiv has repeatedly called for more fighter jets for its pilots, putting Poland in ...

  DUBAI / WAM The Latin America and Caribbean (LATAM) region can be an important economic partner to help Dubai meet its new target of boosting foreign trade to AED2 trillion over the next five years, according to a new guide published by Dubai Chamber of Commerce. The guide, titled Why Latin America? features valuable insights on promising economies in ...

  DUBAI / WAM Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, met on Tuesday with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The meeting, which took place virtually, sought to discuss the UAE’s participation in the 2022 virtual Spring Meetings of the World Bank Group (WBG) and the IMF. Younis Haji Al Khoori, Undersecretary ...

  Abu Dhabi / WAM Yahsat, Al Yah Satellite Communications Company PJSC – UAE’s flagship satellite solutions provider, on Tuesday announced that its government division, Yahsat Government Solutions (YGS), has signed a Memorandum of Understanding (MoU) with Al Seer Marine PJSC, the leading maritime company in the region, to test line-fitting unmanned vessels with advanced Comms-on-the-Move (COTM) satellite communications solutions. ...

  Bloomberg Indonesia, the world’s biggest palm oil producer and exporter, will push ahead with its ambitious biodiesel program even as prices of the tropical oil have soared, which could increase the costs of producing biofuel. The B30 program, which stipulates that fossil fuels must be blended with 30% palm oil, is still running as planned, said Dadan Kusdiana, director ...

Bloomberg North Korea is undertaking construction work at its main nuclear weapons test site for the first time in about four years, according to an analysis of satellite imagery, raising fresh security concerns as South Korea elects a new leader. Images captured show “very early signs” of activity at the mountainous area of Punggye-ri, including the construction of a new ...

  ABU DHABI / WAM The Ministry of Industry and Advanced Technology (MoIAT) on Monday signed a Memorandum of Understanding (MoU) with the Federal Ministry of Finance of the Republic of Austria for a comprehensive collaboration in the hydrogen technology industry. The agreement follows the Comprehensive Strategic Partnership, which was signed in July 2021 during the official visit to Austria ...

  RIYADH / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, met separately with Prabowo Subianto, Indonesian Minister of Defence, and Kang Eun-ho, South Korean Minister of the Defence Acquisition Programme Administration, in the presence of a number of senior officers and officials of the Ministry. During the meetings, held on the sidelines of the World ...

  DUBAI / WAM The Ports, Customs and Free Zone Corporation (PCFC), has signed a commitment letter with the Dominican Republic’s General Directorate of Customs to officially implement a Customs Management System that will streamline logistics processes and reduce time and costs in cross-border trade. This agreement was signed at Expo Dubai 2020, as part of the Dominican Republic’s National ...