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ABU DHABI / WAM Aviation, aerospace, space and defense leaders from across the planet will meet in-person in Abu Dhabi for the return of the Global Aerospace Summit on May 24 -26, 2022. The theme of the Summit, ‘Digital Driven Resurgence’, will showcase the rapid transformation that has happened across these sectors over recent years and the role of innovation ...

Dubai / WAM The UAE is leading the Middle East and North Africa (Mena) in the adoption of electric vehicles with its charging station to vehicle ratio among the world’s highest, according to a newly released whitepaper. Produced by the Clean Energy Business Council (CEBC) Mena, the whitepaper says the UAE now boasts 240 grid-linked slow charging public stations – ...

Sharjah / WAM The Sharjah Book Authority (SBA) is organising the National Libraries Summit on November 8-9 at its headquarters in Sharjah, to further its commitment to promote books and literacy. The two-day summit will be held in conjunction with the 40th Sharjah International Book Fair (SIBF 2021) under the theme “Visibility, Engagement, Impact, and Collaboration”, and convene 50 national ...

Bloomberg US officials encountered more than 1.7 million migrants crossing the border with Mexico over the past year—a record number likely to escalate Republican attacks on the Biden administration’s handling of immigration. US Customs and Border Protection reported 1.73 million southwest border encounters overall, but many were making repeat attempts, the agency said. CBP’s Border Patrol conducted 1.66 million of ...

Bloomberg The US posted the second-largest annual budget deficit on record for 2021 as pandemic-relief spending sustained the federal government’s massive borrowing needs. The deficit for the fiscal year through September was $2.77 trillion, compared with the $3.1 trillion peak seen in the previous year, a Treasury Department report shows. Treasury Secretary Janet Yellen and acting White House budget director ...

Bloomberg Italy’s credit rating outlook was raised to positive from stable by S&P Global Ratings, which said the progress in implementing reforms will boost economic growth, benefiting fiscal consolidation. S&P affirmed the BBB rating on Italy, which is two notches above junk. The country’s prospects are looking brighter as increasing rates of vaccination have allowed it to avoid renewed lockdowns. ...

Bloomberg The cost of hedging against inflation in the UK over the next decade rises to the highest level in 25 years as investors brace for price pressures in the economy to persist. The so-called 10-year breakeven rate climbed as much as 11 basis points to 4.25%, the highest since 1996. That predates the Bank of England’s independence in 1997, ...

Bloomberg France’s 2022 budget deficit will be wider than forecast only a month ago after President Emmanuel Macron’s government announced plans to contain energy prices, hand out checks to more than half the population, and make high-risk investments in future industrial sectors. With just six months to go until elections, Prime Minister Jean Castex said that around 38 million people ...

ABU DHABI / WAM Etisalat Group and G42 have announced the signing of a binding agreement to merge their data centre (DC) offering in the UAE. A total of twelve data centres will be combined in a new joint venture business operating under Khazna Data Centres, creating the UAE’s largest data centre provider. G42 and Etisalat Group will each own ...

DUBAI / WAM The UAE government has launched “Pioneers of the Digital Economy” initiative, which aims to enhance capabilities of young talents and provide them with the knowledge and expertise needed to develop advanced future technology that will positively influence the UAE’s economy. The initiative also targets empowering talents to compete for the best job opportunities in global leading companies ...