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  Dubai / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Youth witnessed the launch of an e-book telling the story of the UAE’s seven emirates in 50 portraits of individuals. Devoted to the esteemed legacy of Sheikh Hamdan bin Rashid Al Maktoum and published in the year of the UAE’s Golden Jubilee, the book, titled, ’50U’, tells ...

  ABU DHABI / WAM The central bank of the UAE (CBUAE) and the Bank of Korea (BOK) on Wednesday renewed the Bilateral Local Currency Swap Agreement, reaffirming their commitment to promote trade and financial cooperation. The agreement was signed by Khaled Mohamed Balama, CBUAE governor, and Juyeol Lee, governor of the Bank of Korea. The agreement, which was originally ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced a donation of AED10 million to contribute to the “1 Billion Meals” initiative, to assist and provide sustainable food support to the underprivileged and most needy groups in 50 countries in the Middle East, North Africa and the world – in particular children, refugees, displaced persons, and victims ...

  Dubai / WAM Emirates Islamic Bank has launched the ‘Emarati Business Account’ initiative, designed specifically to support the UAE’s national companies. The new account builds on the bank’s ongoing commitment towards supporting the UAE’s SME sector, which represent 94 percent of the total companies and institutions operating in the country and contribute more than 50 percent to the country’s ...

DUBAI / WAM flydubai, the Dubai-based airline, announced that flights to Taif in Saudi Arabia will commence on April 15 with a daily service. This brings the number of destinations served by the carrier in the kingdom to seven. Ghaith Al Ghaith, Chief Executive Officer at flydubai, said, “We are pleased to see our network grow to offer more than ...

  ABU DHABI / WAM The Ministry of Economy (MoE) has confirmed the continuation of its periodic monitoring of the 300 most sought-after basic commodities in the markets, in partnership with the economic departments and regulatory authorities at the local and federal levels, through a weekly follow-up by the relevant work teams. More than 40 outlets and cooperative societies in ...

Bloomberg A group of Gazprom PJSC companies temporarily under the control of the German government will not return to the ownership of the Russian gas giant, according to the group’s trading unit. Gazprom views the separation as permanent and has already asked the companies to stop using its branding and trademarks, London-based Gazprom Marketing & Trading said in an email ...

  Bloomberg French energy giant TotalEnergies SE will face calls to take a tougher stance on climate at its annual shareholders’ meeting next month. A group of 11 investors have filed a resolution demanding the company set and publish climate goals consistent with those of the Paris Agreement. While the shareholders represent a small portion of Total’s capital — about ...

The atrocities that Russian troops have committed in Ukraine raise two questions about Russians at home: Do they know their military is doing these things? And if they do, are they OK with it? The answers are almost certainly “Yes” and “They’re working on it.” The degree of civilians’ ignorance may not matter much for Russia’s redemption, should that ever ...

LVMH Moet Hennessy Louis Vuitton SE has kicked off the luxury reporting season in style. The company said that its fashion and leather goods division recorded a 30% increase in sales excluding currency movements and mergers and acquisitions in the three months to March 31. Analysts had expected a 23% gain. Although the shares had fallen 13% between the start ...