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  ABU DHABI / WAM Masdar City and Mashreq Bank have signed a Memorandum of Understanding (MoU) to provide financial services to Small and Medium-sized Enterprises (SMEs) and start-ups based in the City. This will include easy access to NeoBiz, the bank’s first digital banking platform designed specifically for start-ups and SMEs. The MoU was signed by Abdulla Balalaa, Executive ...

  DUBAI / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has announced the launch of the “One Billion Meals” campaign to secure food aid for vulnerable communities in 50 countries. Organised by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), the campaign is an expansion of the UAE’s ...

NEW YORK / WAM The United Arab Emirates announced a commitment of $85 million to support humanitarian operations in Ethiopia. In coordination with the Famine Relief Fund, the contribution will be disbursed to several agencies, including the World Food Programme (WFP), the International Committee of the Red Cross (ICRC), the United Nations Children’s Fund (UNICEF), and the United Nations High ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday received a phone call from Dr Frank-Walter Steinmeier, President of Germany. During the call, Sheikh Mohamed and German President discussed strategic relations between the two friendly countries and ways of developing ...

  FUJAIRAH / WAM HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah and Chairman of the Board of Directors of the Fujairah Foundation for Region Development (FFRD), chaired the first meeting of the foundation in 2022, attended by Saeed Mohammed Al Raqbani, Vice Chairman of FFRD, Khamis Al Noun, Director-General of the FFRD, and other ...

  ABU DHABI / WAM Emirates Global Aluminium (EGA), Abu Dhabi National Energy Company PJSC (Taqa), Dubal Holding and Emirates Water and Electricity Company (Ewec) on Wednesday announced a major initiative that would unlock significant further development of solar power generation capacity in Abu Dhabi, progress power asset and generation optimisation, and decarbonise EGA’s aluminium production in the United Arab ...

  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 ...