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Aswan / WAM The governments of the UAE and Egypt inaugurated the “Egypt Services Centre” in the Aswan Governorate, which is the first of its kind in Egypt. The inauguration, which is part of the strategic partnership between the two countries in government modernisation, was attended by an Emirati delegation that included Mohammad bin Abdullah Al Gergawi, Minister of Cabinet ...

  Abu Dhabi / WAM In light of the UAE hosting the COP28 in 2023 and climate change and global environmental concerns, Sorbonne Abu Dhabi University conducted the launch of “Go Green 2023” initiative in the presence of Professor Nathalie Drach-Temam, President of Sorbonne University, Professor Silvia Serrano, Vice-chancellor Sorbonne University Abu Dhabi and members of the academic, administrative and ...

  Bloomberg France and Spain said they will move ahead with a 2.5 billion euro ($2.6 billion) hydrogen pipeline, easing past tensions over an alternative link as they seek to boost their status as European energy suppliers. The project will connect Portugal and Spain with France to transport about 10% of the bloc’s green hydrogen demand by 2030. French President ...

  Bloomberg Paytm’s plan to buy back shares has left investors surprised and worried about the loss-making Indian fintech firm’s growth prospects as it uses funds to prop-up its hammered stock. The board of One 97 Communications Ltd, the listed-entity that runs Paytm, was expected to decide on the buyback. The move comes as the stock has plunged about 75% ...

  Bloomberg Aditya Birla Capital Ltd, controlled by billionaire Kumar Mangalam Birla, is considering selling its insurance brokerage unit as the group seeks to restructure its financial services business, people familiar with the matter said. The publicly-traded company has held talks with potential buyers about a sale of Aditya Birla Insurance Brokers Ltd as it failed to scale up the ...

  Bloomberg Food delivery unicorn Line Man Wongnai is in talks to acquire Delivery Hero SE’s Foodpanda in Thailand as it plans for a stock-market debut in the next few years, according to people familiar with the discussions. Bangkok-based Line Man Wongnai considered a deal at around $100 million at one point, but the value is likely to have changed ...

  Bloomberg GoTo Group jumped by the most since May as some brokers upgraded the battered stock following weeks of sharp selloff. The Indonesian ride-hailing and e-commerce provider surged 15% to 100 rupiah, snapping 16 straight sessions of losses. Trading volume also soared to about 30 times its three-month average. Even with the latest gain, the stock has plunged more ...

Bloomberg Prime Minister Rishi Sunak unveiled plans to tackle the UK’s swelling backlog of asylum claims including making it harder for arrivals from Albania to stay in Britain. The premier unveiled a five-point plan to bear down on what he called “illegal migration,” saying it’s “unfair” that people enter Britain “illegally,” because it takes capacity away from processing “genuine” claims. ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the second phase of the Dubai 2040 Urban Master Plan. Phase II of the plan consists of several projects under ten key initiatives, including Enhancing Urban Centres, Dubai Real Estate Strategy, Urban Farming Plan, ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, on Monday announced its startup community has raised $1 billion (AED3.7 billion) in venture capital collectively since its launch in 2019. The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies each with a proven track record of attracting large-scale investment from ...