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Bloomberg Sweden’s potential Nato entry would lower the risk of a Russian attack, according to a policy report commissioned by parliament that fell short of directly endorsing membership in the defense alliance. The 43-page review concluded that joining the North Atlantic Treaty Organization (Nato) would act as a deterrent, stressing the importance of coordination with neighbouring Finland. Russia, which invaded ...

  Abu Dhabi / WAM Khalifa Shaheen Al Marar, Minister of State, has participated in the Ministerial Meeting of the Global Coalition Against Daesh, which was co-chaired by the Kingdom of Morocco and the United States in Marrakesh. During the meeting, Al Marar underscored the need to enhance cooperation to counter the terrorist acts committed by Daesh, and prevent the ...

  Abu Dhabi / WAM The green hydrogen projects of Abu Dhabi National Energy Company (Taqa) are progressing very well, a senior executive told the Emirates News Agency (WAM), adding that green hydrogen, dubbed as the oil of the future, will play a significant role in the company’s growing portfolio of renewables. “We are currently in the techno feasibility stage ...

  ABU DHABI / WAM Sheikh Zayed Grand Mosque received 459,126 worshippers and visitors during the Holy Month of Ramadan and the Eid Al Fitr holidays. The worshippers who flocked to the mosque throughout the days and nights of Ramadan to pray and reflect reached 219,378, of which 80,782 attended the Isha and Tarawih prayer, and 100,996 attended the Tahajjud ...

  Dubai / WAM Emirates and Jebel Ali Free Zone (Jafza) have signed a memorandum of understanding (MoU) to explore joint cooperation and initiatives targeted at attracting more investments into Dubai by supporting new and existing businesses registered or licenced in the free zone. Under the MoU, the parties will explore opportunities to offer a number of travel-related incentives for ...

  Dubai / WAM Amanat Holdings has announced its financial results for the quarter ended March 31. The company recorded a total income of AED46.9 million in 1Q-2022, a growth of 12% versus the AED42.0 million recorded in 1Q-2021. On an adjusted basis, excluding the prior year result from divested entities, the company recorded a total income of AED46.9 million, ...

  Bloomberg European natural gas prices jumped following disruptions to a key transit route through Ukraine, and as Germany said Russia was using energy as a weapon in an escalating clash over supply. The benchmark contract surged more than 22%, with shipments from Russia via Ukraine set to fall by about 30% following interruptions at a cross-border entry point as ...

Bloomberg North Korea fired three short-range ballistic missiles from an area near Pyongyang toward waters off its east coast, South Korea said, the latest in a series of volleys ahead of a planned visit to the region next week by US President Joe Biden. Launched at 6:29 pm local time on Thursday, the missiles flew about 360 kilometres (224 miles) ...

  Bloomberg Fierce competition for workers pushed UK salaries higher in April, according to a survey that will put pressure on the Bank of England (BOE) to continue tightening monetary policy in its battle to tame inflation. As candidate availability declined for the 14th straight month, starting-salary inflation held close to a record high, the Recruitment and Employment Confederation and ...

  Bloomberg Denmark is raising its economic growth forecast for 2022 as the Nordic country’s strong labour market will help the economy overcome most global headwinds, according to government documents seen by Bloomberg News. Gross domestic product will likely expand 3.4% this year, up from the government’s main scenario in March of 1.6%, the documents showed. The economy will grow ...