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  DUBAI / WAM The UAE Government Media Office announced the success of the second edition of the “World’s Coolest Winter” campaign, that was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on December 2021. The campaign promoted tourism, natural sites and entertaining destinations and experiences ...

  Bloomberg ConocoPhillips, one of North America’s largest energy explorers, is considering a sale of operations worth more than $1 billion in the Permian Basin, according to people with knowledge of the matter. The company is working with an adviser to run an auction process for the assets, said the people, who asked not to be identified because they weren’t ...

Bloomberg US Secretary of State Antony Blinken and foreign ministers from Japan and South Korea committed to work together to deter further Russian escalation along Ukraine’s border and condemned North Korea’s recent ballistic missile launches. Blinken, Japanese Foreign Minister Yoshimasa Hayashi and South Korean Minister of Foreign Affairs Chung Eui-yong stressed the “critical importance” of strong cooperation among their countries ...

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, on Friday announced that the central bank of the UAE had granted in-principle approval to launch a new digital banking platform, which will be called “Wio”. With its headquarters in Abu Dhabi, Wio will enhance the capital’s growing reputation as a global financial services centre at the ...

  Abu Dhabi / WAM The UAE and Israel signed a memorandum of understanding (MoU) to strengthen their tourism and economic cooperation and reinforce their bilateral ties. The MoU was signed by Dr. Ahmed Belhoul Al Falasi, Minister of State of Entrepreneurship and SMEs and Chairman of the Emirates Tourism Council, and Yoel Razvozov, Israeli Minister of Tourism, who is ...

  Sharjah / WAM Adnoc Drilling company on Friday announced its financial results for the fourth quarter and full-year ending December 31, 2021, with a net profit for the full year $604 million, up 6 percent year-on-year. A press release by Adnoc Drilling said that the company’s revenue for the 12 months increased 8.2 percent to $2.27 billion compared to ...

  Dubai / WAM Young travellers flying Emirates as unaccompanied minors can now relax and wait for their flight in a newly upgraded lounge dedicated for them at Dubai International Airport, located next to Emirates’ First Class Lounge in Concourse B. Emirates’ lounge for unaccompanied minors is open 24/7, and the newly upgraded facility offers fun video games, drinks and ...

  Bloomberg India, the world’s third-biggest energy consumer and a top grower of grains and sugar, targets to end the use of diesel in the farming sector in less than three years. The nation will focus on renewable fuels to achieve its aim of zero diesel use in agriculture by 2024, according to a government statement. India is working toward ...

  Bloomberg President Joe Biden was to issue an executive order to transfer shift the $7 billion in Afghan central bank assets frozen in the US so it can be used to compensate victims of the Sepember 11 terrorist attacks and support aid efforts in Afghanistan, a person familiar with the matter said. The order will direct US financial institutions ...

  Bloomberg The UK economy expanded at the fastest pace since World War II last year after suffering a milder hit than expected in December. The 7.5% expansion was the largest since 1941 and made Britain the fastest-growing advanced economy in 2021. The economy nonetheless remained smaller in the fourth quarter than at the end of 2019, before the pandemic ...