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  Abu Dhabi / WAM Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), received Malmierca Diaz, Minister of Trade, Foreign Investment and International Cooperation of Cuba, at the ADFD headquarters in Abu Dhabi. Present at the meeting were Khalifa Abdullah Al Qubaisi, Deputy Director General of ADFD; Roberto Blanco, Ambassador of Cuba to the UAE; ...

Bloomberg Ethiopia began generating electricity from its giant hydropower dam on a Nile River tributary, a project it sees as key to its economic development but that has stirred tensions with downstream neighbours. The Grand Ethiopian Renaissance Dam (GERD) can now start the first phase of generation, authorities said at a ceremony attended by Prime Minister Abiy Ahmed in Guba, ...

  Bloomberg Russia and Belarus will extend their biggest joint military drills in years, the Belarusian Defense Ministry said, as frictions spike with the West over Russia’s military buildup near the Ukraine border. Russia had said it would return its troops to their bases afterward. While those drills are in Belarus, which is north of Ukraine, the defense ministry statement ...

  Abu Dhabi / WAM The 2022 Qudwa-PISA Global Competence Forum will take place on Saturday at Expo 2020 Dubai under the theme of “Preparing students to live in an interconnected world”. The event, held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed ...

Dubai / WAM A total of 2,098 real estate transactions worth AED4.5 billion were conducted during the week ending February 18, according to figures released by the Dubai Land Department. A total of 252 plots were sold for AED1.1 billion, 1,437 apartments and villas were sold for AED2.47 billion. The top three transactions were a land in Palm Jumeirah sold ...

  HANOI / WAM There remain huge opportunities for Vietnamese enterprises to accelerate exports of agricultural and food products to the United Arab Emirates thanks to its strong demand for these items, experts have said. As the regional trade and logistics centre, the UAE was considered one of the world’s largest re-export markets for goods, including farm produce, said the ...

  Dubai / WAM Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, has visited Spain Pavilion at Expo 2020 Dubai. He was welcomed by José Andrés Torres Mora, Commissioner General of the Pavilion, and Julieta Casanova, Commercial Attaché at the Embassy of Spain in the UAE. During his visit, Dr Al Falasi said that Expo 2020 ...

  Bloomberg Japan’s biggest steelmaker is calling on Tokyo to provide at least 2 trillion yen ($17.3 billion) in subsidies over almost three decades to meet net-zero carbon targets, as it seeks to stay competitive against China and other global rivals. Nippon Steel needs the money to vie on an “equal footing,” according to Hideo Suzuki, the managing executive officer ...

Bloomberg The US said Russia has massed as many as 190,000 personnel — including troops, National Guard units and Russian-backed separatists – in and around Ukraine in what it called the most significant military mobilisation since World War II. Russia told the US that it has no plans to attack, and officials in Moscow have repeatedly dismissed US warnings about ...

  Bloomberg Boris Johnson said the UK proposes to stop Russian firms from raising capital in London’s financial markets, part of measures targeting Vladimir Putin’s administration if it decides to invade Ukraine. The move is part of a “very tough package of sanctions” that’s “ready to go,” the British prime minister said in a pooled TV interview in London. Johnson ...