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Bloomberg The dollar’s pullback in recent days is prompting speculation about whether the currency’s relentless march higher is coming to an end. There is nonetheless a reluctance to write it off just yet. After surging by more than 10% this year, the Bloomberg dollar index has tumbled close to 2% from the all-time peak it hit even as expectations for ...

  Abu Dhabi / WAM An International Atomic Energy Agency (IAEA) team of experts said the operator of the UAE’s Barakah Nuclear Power Plant (NPP), the first NPP in the Arab region, had strengthened operational safety by fully addressing the findings of an initial IAEA safety review mission five years ago. The Operational Safety Review Team (OSART) had concluded a ...

  ABU DHABI / WAM The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the fourth auction of the Treasury Bonds programme (T-Bonds), which is part of the AED 9 billion T-Bond issuance programme ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received a written letter from Ranil Wickremesinghe, President of Sri Lanka, concerning the bilateral ties between the two countries. The letter was received by HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, during his meeting in Abu Dhabi with ...

ABU DHABI / WAM Arnoldo André, Foreign Minister of Costa Rica, has highlighted the importance of the UAE for his country, highlighting the increase in bilateral trade by 292.3%, since the opening of the Costa Rican embassy in the UAE in 2017. In an article published by the newspaper ‘La Republica’, Andre said that Costa Rica enjoys 12 years of ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has signed a partnership with Siemens Energy AG, one of the world’s leading energy technology companies, to advance CleanTech and ClimateTech in Abu Dhabi. Working together in collaboration, Hub71 and Siemens Energy will support tech startups in developing innovative technologies that directly address global climate change. The agreement comes ...

  Abu Dhabi / WAM The Industrial Development Bureau (IBD), part of the Abu Dhabi Department of Economic Development (ADDED), has confirmed the strong growth of the Emirate’s industrial sector in H1, 2022. New industrial licenses (Rowad) reached 136, and those transitioning to the construction phase reached 62, with the number of licenses having moved from under-construction to in-production reaching ...

  DUBAI / WAM Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, has revealed that over 27,100 companies joined as new members in the first eight months of 2022, marking a 69% year-over-year (y-o-y) increase and bringing total membership to over 314,000. Between January and August 2022, member exports and re-exports increased over 20% y-o-y to ...

  DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has launched an integrated housing plan to provide 15,800 homes for nationals in Dubai over the next four years. The move follows the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister ...

  ABU DHABI / WAM The UAE tops 156 world competitiveness indicators, and is among the top 10 in 432 thereof, according to the Federal Competitiveness and Statistics Centre (FCSC). These indicators, which account for 30 percent of such global indexes, see the UAE excelling in several essential areas, including education, environment, climate change, security and safety, cybersecurity, infrastructure, flexibility ...