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UAE keen to enhance ties with China at all levels: President

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from the President of the People’s Republic of China, Xi Jinping, during which, the Chinese president offered his condolences to His Highness and the Emirati people on passing of Sheikh Khalifa bin Zayed Al Nahyan. President Xi also highlighted the historic relations ...

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UAE-Israel CEPA to help facilitate global supply chain efficiency

  Dubai / WAM The Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and Israel will help support the global supply chain and food security, a top official told the Emirates News Agency (WAM). “This CEPA comes at a critical time for the global economy. The world is beginning to emerge from the global pandemic, but challenges remain, not ...

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Empower ups cooling capacity of Business Bay district

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) has announced the full swing operation of its fourth district cooling plant in the Business Bay region, Dubai. The company stated that the total production capacity of the new plant had reached 50,000 refrigeration tons (RT), bringing the total capacity of Empower’s Business Bay district cooling project to more than 185,000 ...

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Dewa, Eutelsat join hands to develop Space-D programme

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) signed an MoU with Eutelsat, the French global satellite operator, to provide technical support for Dewa’s Space-D programme and Dewa’s 3U nanosatellite Dewa-SAT1. The cooperation aims to explore the potential integration of Eutelsat Earth Low Orbit (ELO) satellites with the Space-D programme and expand the fleet of nanosatellites for both ...

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EU backs push to ban most Russia oil over Putin’s war

Bloomberg European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the invasion of Ukraine. The sanctions would forbid the purchase of crude oil and petroleum products from Russia delivered to member states by sea but include a temporary exemption ...

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DFM’s international roadshow to attract more investors to Dubai

Dubai / WAM The Dubai Financial Market (DFM) will organise its annual 2022 International Investors Roadshow on June 9-10, in collaboration with HSBC. The roadshow will connect senior executives of leading issuers of equities, sukuk and bonds on Dubai capital markets with numerous leading investment institutions globally. The resumption of DFM’s annual international investors roadshows in London, initiated in 2007 ...

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Mubadala Health, Abu Dhabi Early Childhood Authority ink deal

  ABU DHABI / WAM Mubadala Health on Monday announced the signing of a memorandum of understanding (MoU) with the Abu Dhabi Early Childhood Authority (ECA) to provide world-class expertise from across its extensive network of healthcare entities in service of families across the emirate of Abu Dhabi. The partnership will see both entities collaborate on various initiatives designed to ...

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Khalifa Fund hosts int’l outreach training workshop in Zanzibar

  Abu Dhabi / WAM Khalifa Fund for Enterprise Development (KFED) officially held its inaugural international capacity building services with a three-day training programme in Zanzibar. The training programme was attended by Dr Islam Seif Salim, Permeant Secretary, Ministry of Trade and Industrial Development, and commenced with a welcoming speech by Khalifa Abdul Rahman Al Marzouqi, UAE Ambassador to Tanzania. ...

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Sun-starved Sweden turns to solar to fill power void

  Bloomberg Sweden, known for its long dark winters with barely any daylight, is seeing a solar power boom. Harnessing whatever sunshine the country gets is emerging as the quickest solution to fill part of the void left by two closed nuclear reactors in southern Sweden, where the biggest cities and industries are located. With shortages piling up in the ...

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China’s Xi exalts Hong Kong’s next chief on national security

Bloomberg Chinese President Xi Jinping praised Hong Kong’s next leader for defending national security and upholding stability at their first meeting since John Lee was selected as chief executive earlier this month. The leader of the world’s second largest economy told Lee that the central government had “full confidence” in him, according to the official Xinhua News Agency. Xi also ...

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