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  Bloomberg Boris Johnson took aim at his own government’s tariffs on imports of food that is not produced domestically, saying their removal could ease the UK’s cost-of-living crisis. But even his officials say otherwise. “Why do we have a tariff of 93 pence a kilo on Turkish olive oil?” Johnson said at a speech in Blackpool, northern England, days ...

  Bloomberg A glut of fertilisers at the biggest Brazilian ports signals that the price of the nutrients may have to drop further before farmers start buying. In Paranagua, private warehouses reached their maximum storage capacity of 3.5 million tons, according to Luiz Teixeira da Silva, Paranagua’s operations director. A terminal operated by VLI Logistics, one of the two at ...

  Abu Dhabi / WAM First Abu Dhabi Bank (FAB) has announced the completion of the legal merger of Bank Audi Egypt, where all the bank’s assets in Egypt will accordingly operate under FAB’s newly introduced brand identity “FABMISR”. The legal merger and launch of FAB’s new brand in Egypt come after obtaining all required regulatory approvals, including the final ...

  ABU DHABI / WAM Ewec, the Emirates Water and Electricity Company, has announced that production of desalinated water using low carbon-intensive reverse osmosis (RO) technology from the Taweelah RO facility has reached 50 percent capacity. Taweelah RO, connected to the Abu Dhabi network in December 2021, is now providing 100 million gallons per day of desalinated water, and will ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has visited the water reservoir project Dewa is building in Hatta to review its progress. According to the project schedule, there is significant progress in the project’s work at 36.259% compared to the 32.6% target. The project has a capacity of 30 ...

Bloomberg Russia continued its assault on Sievierodonetsk, pushing Ukrainian troops out of the center of Kyiv’s last major foothold in the Luhansk region. President Volodymyr Zelenskiy called the fighting “very fierce” and his top military commander pleaded for the US to send more artillery. Moscow’s use of cluster munitions and indiscriminate shelling in Kharkiv, Ukraine’s second-largest city, constitutes a war ...

  Bloomberg France’s financial sector is now the most popular destination in Europe for US backers, helping the country narrow the gap with the UK for foreign direct investment (FDI) in the industry. The country recorded a total of 60 FDI projects in finance last year — its highest in a decade, according to a survey by the professional services ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) is investing in its advanced smart grid and the latest technologies of the Fourth Industrial Revolution to enhance its leadership and global excellence in water network losses and is surpassing its global counterparts. In 2021, Dewa’s water network losses decreased to 5.3 percent. This is one of the best records globally ...

  Dubai / WAM The Higher Committee of the Al Quoz Creative Zone Development Project held a meeting, presided over by HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and Member of the Dubai Council, to review the Project’s progress and achievements in its first year. As part of the ...

Dubai / WAM Dubai Customs has been certified among the best workplaces in UAE for second year in a row in the large-size company category. The annual report is compiled by management consultancy Great Place to Work, which compiles the survey in 60 countries. Researchers send out a ‘trust index’ to employees of companies, which measures how they are being ...