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UAE-Israel peace deal will revive Middle East peace process: FNC

Abu Dhabi / WAM Saqr Ghobash, Speaker of Federal National Council(FNC) has affirmed that the UAE- Israel Peace Accord is a historic step towards reviving the process of peace in the Middle East, and will guarantee the region’s security and stability. In a statement issued by the Council Ghobash said, “FNC stresses that the accord reflects the never-changing principles of ...

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Future readiness key to Dubai’s leadership in wooing FDI

Dubai / WAM Dubai Investment Development Agency (Dubai FDI) an agency of Dubai Economy, is working closely with investors with the aim of enhancing the absorptive capacity of new quality investments that keep pace with global market trends and support sustainable economic growth in the emirate, said Fahad Al Gergawi, CEO of Dubai FDI and President of the World Association ...

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Secret Tibetan military force ups stakes in India-China row

Bloomberg At a funeral last week in the mountains of northern India, one of Prime Minister Narendra Modi’s top aides paid respect to a Tibetan soldier killed on the front lines of deadly clashes with China. Surrounded by troops waving the flags of both India and Tibet, Ram Madhav laid a wreath before the coffin during a ceremony that gave ...

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UAE, Israel sign historic peace accord at White House

Washington / WAM On this historic occasion, the United Arab Emirates (UAE) signed a peace accord with the State of Israel. His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation signed a peace accord with Israeli’s Prime Minister, Benjamin Netanyahu, on behalf of the UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan. ...

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Adnoc Distribution becomes UAE’s first supplier for Barakah N-plant

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec), and its subsidiary responsible for the operation and maintenance of the Barakah Nuclear Energy Plant, Nawah Energy Company (Nawah) have marked a key milestone in their joint efforts to develop the UAE’s nuclear energy supply chain with the qualification of Adnoc Distribution as the first local supplier of petroleum products. ...

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UAE’s highest restaurant to open in Ras Al Khaimah

RAS AL KHAIMAH / WAM RAK Leisure, the subsidiary of RAK Hospitality Holding, has announced the launch of 1484 by Puro on October 1. The highly anticipated restaurant located atop the Jais Adventure Peak is named for its height of 1,484 metres above sea level and is the UAE’s highest restaurant offering. Located next to the Jais Adventure Centre, 1484 ...

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du to get AED800mn from selling 26% in Khazna Data Centre

Dubai / WAM The Dubai-headquartered telecom operator du will get AED800 million from selling its 26 percent stake in Khazna Data Centre to Abu Dhabi’s Technology Holding Company. Net revenue from the deal could be about AED521 million. It was last week that the du management confirmed there were moves to divest its Khazna stake. Once the transaction is complete, ...

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Emirates Airline resumes A380 service to Moscow

DUBAI / WAM Dubai’s Emirates Airlines has announced it will resume its A380 service to Moscow Domodedovo Airport (DME) following an increase in market demand. “The airline resumed flights to the Russian capital last week and due to strong passenger demand, its iconic Emirates A380 will operate the Dubai to Moscow route starting September 18,” Emirates said in a statement. ...

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Ajman Chamber inks deal with ‘elGrocer’

Ajman / WAM The Ajman Chamber of Commerce and Industry (ACCI) announced that it has signed a Memorandum of Cooperation with “elGrocer”, to optimally utilise the capabilities of the two parties to serve entrepreneurs, particularly in the field of e-commerce to ensure the growth and development of their business through technologies available. “elGrocer” is an electronic platform that acts as ...

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Alibaba in talks to invest $3bn in Singapore’s Grab

Bloomberg Alibaba Group Holding Ltd is in talks to invest $3 billion in Southeast Asian ride-hailing giant Grab Holdings Inc, according to people familiar with the matter. The Chinese e-commerce giant, a sole investor in the round, will spend a portion of the funds to acquire some of the Grab stock held by Uber Technologies Inc, one of the people ...

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