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Polish economy ready for rebound to pre-virus boom

Bloomberg Poland has “undoubtedly” emerged from its first economic slump in three decades, while European Union (EU) stimulus and a government plan to boost spending will stabilise the economy and ensure strong growth in the coming years, Deputy Prime Minister Jaroslaw Gowin said. Polish output shrinks for a fourth straight quarter in the first three months of this year. But ...

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GBF Africa 2021 to shed light on global economic recovery

Dubai / WAM The sixth edition of the Global Business Forum (GBF) Africa is set to take place on October 13-14, under the theme Transformation Through Trade, Dubai Chamber of Commerce and Industry has announced. Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ...

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EGA unveils new corporate purpose

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Monday announced its newly-defined corporate purpose: Together, innovating aluminium to make modern life possible. By fulfilling its purpose in the years and decades to come, EGA will also achieve its new mission to generate value from mining to metal. EGA is the world’s largest producer of ‘premium aluminium’, with smelters in ...

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ERC launches vaccination programme for 12,000 Syrian refugees in Jordan

AMMAN / WAM The Emirates Red Crescent (ERC) has launched the first phase of vaccination programme for Syrian refugees in the Jordanian camps to help the country confronts the coronavirus pandemic. The programme aims to vaccinate 12,000 refugees in the Emirati-Jordanian camp of Mrajeeb Al Fhood and camps of Zaatari, Al Azraq and Al Hadiqa with the Sinopharm vaccine. The ...

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Dubai Economy issues 15,475 new licenses during Q1 2021

DUBAI / WAM The Business Registration and Licencing (BRL) sector of Dubai Economy issued 15,475 new licences during the first quarter of 2021, a growth of 19 percent compared to Q1 2020, when 13,027 licences were issued. This highlights the resilience of the business environment of Dubai and the emirate’s economic competitiveness and ability to attract businesses to across various ...

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Russia rejects Western outrage at forced landing, arrest in Belarus

Bloomberg Russia dismissed European Union (EU) and US outrage at the forced landing of a Ryanair Holdings Plc plane in Minsk by Belarusian authorities who arrested a journalist on board. The European Union will consider further sanctions against President Alexander Lukashenko’s administration when its leaders meet for dinner in Brussels for the start of a two-day summit. The EU was ...

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UAE announces offer to host COP 28 in 2023

Abu Dhabi / WAM The United Arab Emirates on Sunday announced an offer to host the 28th session of the Conference of the Parties (COP 28) to the United Nations Framework Convention on Climate Change (UNFCCC) in Abu Dhabi in 2023, with a focus on the economic case for inclusive climate action. Commenting on the UAE’s offer to host COP ...

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MoF, Dubai SME to further support entrepreneurs

Dubai / WAM The Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Dubai SME, an integrated division of Dubai’s Department of Economic Development (Dubai Economy), to support the business sector and advance comprehensive and sustainable development in the country, Mariam Al Amiri, Under-Secretary, Financial Management Sector at MoF, and Saeed Matar Al Marri, Deputy CEO of Dubai ...

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US removes UAE from intellectual property protection watch list

Abu Dhabi / WAM The United Arab Emirates has welcomed the Office of the United States Trade Representative (USTR) decision to remove the country from the US intellectual property protection (IPP) Watch List. In its 2021 Special 301 Report, the USTR outlined a set of key achievements made by the UAE in the field of IPP during the past period, ...

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Arada awards $49m deal to build The Boulevard

Sharjah / WAM Arada has awarded the construction contract to build The Boulevard, an upscale residential complex at its Sharjah mega-community Aljada. Located in the East Village district of Aljada, The Boulevard comprises three apartment blocks. The nine-storey blocks are located next to Aljada’s main avenue. The AED180 million ($49 million) contract was won by Dubai-based Al Ashram Contracting, a ...

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