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Argentina limits grain exports in fight against food inflation

  Bloomberg Argentina is putting a ceiling on exports of corn and wheat in a fresh bid by the leftist government to quell food inflation at home. The government will first decide how much of the grains are needed in Argentina, and then proceed to stop exporters from registering shipments that’d jeopardise those domestic supplies, according to a resolution published ...

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Adaa is first government entity to migrate its data centre to cloud

  Abu Dhabi / WAM The Abu Dhabi Accountability Authority (Adaa) has become the first government entity to move its data centre to the G42 Cloud and expand its artificial intelligence (AI) capabilities across its digital operations. The move is in line with the emirate’s leadership directives to achieve the highest levels of integrity and continuously improve best governance practices. ...

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UAE condemns Houthi attempt to target Khamis Mushait, Abha Airport

  ABU DHABI / WAM The United Arab Emirates has strongly condemned the Houthi terrorist militias’ attempts to attack civilians and civil objects in Khamis Mushait and Abha International airport in Saudi Arabia, with a bomb-laden drone, which was intercepted by the Coalition Forces. In a statement by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE reiterated ...

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Emirates makes travel easier to EU countries

  Dubai / WAM Emirates customers travelling from the UAE to EU member countries now have more opportunities to confidently make the most out of their travel journeys. The airline has been working closely with Al Hosn National Health System team to enable the readability and recognition of customers’ health credentials with EU verified QR codes, including Covid-19 vaccine status ...

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Dewa provides Arabic services on Amazon’s Alexa

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has started providing its smart services on Amazon Alexa in Arabic, becoming the first government utility in the world to do this. Customers can now review their monthly bills in Arabic, check past statements, details of electricity and water consumption, their carbon footprint, as well as connect their Dewa account ...

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Goldman triples its Asia ESG investments as demand grows

  Bloomberg Goldman Sachs Group Inc has more than tripled environmental, social and governance investments in Asia, stepping up efforts to meet a growing need from clients to limit their greenhouse gas footprints. The New York-based bank has completed nearly 15 investments based on ESG criteria in the past two years, up from just four during the previous period, people ...

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Bangladesh economy set to grow 6.6% in FY22, forecasts IMF

  Bloomberg Bangladesh’s economic growth is expected to increase to 6.6% in the fiscal year ending June in 2022, according to the International Monetary Fund (IMF), as the coronavirus pandemic abates and policies remain accommodative. Growth may rise to 7.1% the fiscal year after that, the IMF said in a statement on its website, citing an improvement in the external ...

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IPOs in Asia facing headwinds after record year of fundraising

  Bloomberg After a bumper year of stock listings, Asian companies may find it hard to repeat the success in 2022 given the prospect of rising interest rates and China’s tightening grip on Big Tech. Thanks to a blistering first half amid a global boom, initial public offerings in the region have reached $190 billion so far this year, a ...

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Paytm sinks to record low in Mumbai

  Bloomberg Shares of Indian digital payments giant Paytm closed at the lowest since their market debut last month following the nation’s biggest-ever initial public offering, as investors remain concerned about the startup’s path to profitability. One 97 Communications Ltd, Paytm’s parent company, raised $2.5 billion in its IPO but a 27% plunge in its debut made it one of ...

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China finds imported omicron cases in new city as outbreak grows

  Bloomberg Two new cases of the omicron variant were detected in the central Chinese city of Changsha from arrivals into the country, state-backed media Xinhua reported citing the municipal government. The provincial capital of Hunan is the latest place to discover the highly contagious variant in incoming travelers, after the southern province of Guangdong and the northern metropolis of ...

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