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Bloomberg Denmark wants to spend a majority of the European Union’s fund for post-pandemic recovery on financing its efforts to achieve an ambitious climate target. The Nordic country has earmarked 60% of its share of the EU crisis fund on green initiatives, clearly above the 37% required by the conditions of the fund. Denmark expects an allocation of 11.6 billion ...

Bloomberg Europe’s economy is finally turning the corner from its worst crisis in the postwar period after a devastating double-dip recession. Grim confirmation of another slump in the first quarter still failed to dim prospects for the region that are as bright as they have been since the pandemic struck, with European Union-funded multi-year stimulus plans also finally taking form ...

Abu Dhabi / WAM Five major global organisations specialising in assessing competitiveness have ranked the UAE among the top ten countries in the world in 28 competitiveness indexes related to finance and taxes. This was highlighted by a report by the Federal Competitiveness and Statistics Centre (FCSC), which documented the rankings of the IMD World Competitiveness Yearbook, the Legatum Prosperity ...

Abu Dhabi / WAM The UAE took part in the International Atomic Energy Agency (IAEA)’s first edition of the IAEA Webinar Series on newcomer success stories in nuclear infrastructure development. The session was dedicated to success of the UAE Peaceful Nuclear Energy Programme, from its inception more than a decade ago to the start of commercial operations of Unit 1 ...

ABU DHABI / WAM Sharjah-based low-cost carrier Air Arabia has announced the resumption of direct flights between Sharjah and Almaty, Kazakhstan, starting May, 21. Customers can now book their direct flights between Sharjah and Almaty by visiting Air Arabia’s website, by calling the call centre or through travel agencies. Air Arabia has added to the convenience and confidence of passengers ...

Bloomberg North Korea is pushing back at President Joe Biden’s comment labeling the country a serious threat, and issued new warnings to South Korea for not stopping activists from sending anti-Pyongyang leaflets across the border. Biden’s comment on North Korea was “intolerable,” Kwon Jong Gun, director general of the Asian country’s Department of US Affairs of the Foreign Ministry, said ...

Bloomberg Canada’s economy continued its run of surprising strength at the start of the year, validating expectations that activity will soon return to pre-pandemic levels. Gross domestic product grew (GDP) 0.4% in February, Statistics Canada reported in Ottawa. A preliminary estimate shows momentum kept up in March with output expanding 0.9%, which would be the 11th-straight monthly gain in the GDP. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the ‘Food Tech Valley’ a new initiative that seeks to triple the UAE’s food production. The launch was attended by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The ...

Dubai / WAM Since its inception in May 2017, Area 2071, the innovation ecosystem of Dubai Future Foundation (DFF), hosted more than 780 physical and over 80 virtual events, including conferences, forums, workshops and interactive sessions, attracting more than 26,000 participants from around the world. The ecosystem has also organised many innovation programmes, including ones from TechStars and Microsoft, and ...

Abu Dhabi / WAM The UAE sent an aid plane containing 51 metric tons of food aid to the Republic of Bosnia and Herzegovina as part of its humanitarian initiatives during the Holy Month of Ramadan. “The UAE and Bosnia and Herzegovina share close historical ties and have engaged in joint action in many areas as part of the keenness ...