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Bloomberg The Biden administration is set to announce sanctions against Russia over the poisoning and jailing of opposition leader Alexey Navalny, according to people familiar with the matter. The penalties — like those just approved by European Union ambassadors — will match sanctions the EU and the UK imposed earlier on other Russians allied to President Vladimir Putin as punishment ...

Dubai / WAM Dubai Chamber of Commerce and Industry revealed that members’ exports to Central Africa and Western Africa recorded a surge of 85% and 57%, respectively, in January 2021, compared to the same month in the previous year. The total value of member companies’ exports targeting the African continent reached AED2.9 billion during the same month, marking a 4.2 ...

Dubai / WAM DP World, UAE Region, has announced the completion of implementing ZODIAC, a Terminal Operating System (TOS), in Jebel Ali Port’s Container Terminal 3 (CT3). The move represents an additional step to fulfill DP World, UAE Region’s vision to lead smart transformation in its ports and logistics hub. The fully automated system includes advanced solutions for remote control ...

Dubai / WAM Emirates airline will boost its frequencies to Sudan with the introduction of daily flights to and from Khartoum starting on March 9. The introduction of additional frequencies will provide more options and added convenience for those wishing to travel to Dubai and beyond to Emirates’ network of over 90 destinations. Emirates continues to take measured steps to ...

Bloomberg Texas’s grid operator needs to come up with $1.3 billion to pay power plants for energy they supplied during last week’s historic blackouts, raising the prospect it may require a state bailout. The Electric Reliability Council of Texas, which manages most of the state’s grid, said it’s still waiting on more than $2 billion in payments from retail power ...

Bloomberg Myanmar saw its deadliest day since the February 1 coup, with the United Nations saying at least 18 protesters were killed in a stark escalation of violence to quell persistent demonstrations against military rule. More than 30 other people were wounded when soldiers and police fired live ammunition into crowds in six cities across Myanmar, UN Human Rights Office ...

Abu Dhabi / WAM Abu Dhabi Commercial Bank PJSC (ADCB) has signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance PJSC (ADF). The transaction provides further growth for ADCB’s retail and SME businesses in line with the bank’s UAE-centric strategy and prudent risk management framework. ADF was established in 2008 as an Abu Dhabi-focused ...

Abu Dhabi / WAM Many Palestinians have commended the UAE’s move to provide the coronavirus vaccine to the Gaza Strip, in light of the long-imposed blockade that hinder the delivery of Covid-19 vaccines into the Strip. In a statement to the Emirates News Agency (WAM), Palestinian human rights activist Khalil Abu Shamala said that Gaza Strip is witnessing a deterioration ...

ABU DHABI / WAM Statistics Centre – Abu Dhabi (SCAD) and Khalifa University of Science and Technology announced on Sunday the signing of a Memorandum of Understanding for statistical cooperation and the exchange of data. This partnership seeks to enhance collaboration, integration and sharing of knowledge and expertise in the fields of statistics, data and Artificial Intelligence (AI) technology. Through ...

ABU DHABI / WAM Emirates Steel announced its plans to add Hot Rolled Coils (HRC) to its wide-range products portfolio so that it can mainly meet the needs of the local and regional markets of the high-quality flat products. Emirates Steel is currently conducting a comprehensive evaluation for the project to construct the fully automated first-of-its-kind HRC plant in Mena ...