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Bloomberg The US is preparing new penalties against North Korea after determining that a pair of purported satellite launches by Kim Jong Un’s regime were used to test systems for a long-anticipated new ICBM. The restrictions would aim to further block North Korea’s purchase of foreign technologies, a senior Biden Administration official told reporters Thursday, without providing more details. The ...

  DUBAI / WAM Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, has said that the UAE government is focusing on building a new generation of young coders, enhancing their capabilities and skills in the fields of coding and modern technology, and empowering them with tools and expertise. This aligns with the ...

  ABU DHABI / Agencies The UAE on Thursday affirmed its commitment to the Opec+ agreement. “The UAE remains committed to the Opec+ agreement and its existing monthly production adjustment mechanism,” affirmed Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, in a statement to Emirates News Agency (WAM). “The UAE believes in the value the Opec+ agreement brings ...

  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 ...