Qasr Al Watan marks 3rd anniversary since opening

  ABU DHABI / WAM To mark its third anniversary since opening to the public, Qasr Al Watan hosted a series of activities to celebrate the occasion. As the unique cultural landmark that prides itself on inviting visitors into the UAE’s history, traditions and journey, visitors gathered at the Palace of the Nation and enjoyed a full day of performances ...

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ADU partners with Drexel University in research field

  ABU DHABI / WAM In a continuous bid to elevate the faculty and student experience, Abu Dhabi University (ADU) announced a new partnership with Drexel University, a world-class comprehensive R1-level research institution in the US. The partnership was reflected through the signing of a memorandum of understanding (MoU) that was represented by Dr Sreethi Nair, Dean of College of ...

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Investopia summit launches its website

  DUBAI / WAM Investopia has launched the official website for the first edition of its summit that will be held on March 28 on the sidelines of Expo 2020 Dubai. The launch of the website comes as part of the summit’s endeavors to reach the largest segment of investors, government officials, startup and SME leaders and provide them with ...

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Irthi raises sustainable profile of craft, fashion industries

  Sharjah / WAM Irthi Contemporary Crafts Council, an affiliate of the UAE-based Nama Women Advancement (Nama), explored the UAE’s intrinsic relationship with the date palm and promoting innovations in heritage crafts at the 15th edition of Art Dubai with a showcase of the findings of its advanced palm fibre research and a display of its palm textile prototype that ...

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Britain exploring using coal to help keep lights on next winter

  Bloomberg The UK held exploratory talks with Electricite de France (EDF) SA about the possibility of keeping the West Burton A coal-fired power plant generating beyond the end of September, when it’s due to close. The talks are at a very early stage, according to a person familiar with the matter. As things stand, EDF is running down stockpiles ...

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San Miguel to build $1.1b gas-fired power plants

  Bloomberg San Miguel Corp will build two gas-fired power plants in central Philippines for $1.14 billion) as the nation’s largest conglomerate shifts away from coal. Indirect subsidiary Prestige Power Resources Inc will construct a 600-megawatt combined cycle gas plant in Leyte province for 41.5 billion pesos, while another indirect unit Reliance Energy Development Inc is planning a 300-megawatt plant ...

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Does the German army scare Russian president?

Germany’s armed forces are “more or less bare,” the country’s most senior army officer, Alfons Mais, declared last month in reaction to Russia’s invasion of Ukraine. “The options that we can offer the politicians to support the alliance are extremely limited. We all saw it coming and were not able to get through with our arguments … This does not ...

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Supply chain woes amid Ukraine war

  Maybe port logjams and semiconductor shortages weren’t such bad problems to have after all. CEOs have talked of little else for the better part of the past year, but these issues feel rather beside the point compared with the tragic loss of life wrought by Russia’s invasion of Ukraine and have largely dropped out of the headlines. For example, ...

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Can India overthrow Visa and Mastercard?

  Long before the war in Ukraine, India’s Prime Minister Narendra Modi decided that international card networks could be used as instruments of statecraft — and that he should channel the rising economic power of his country’s 1.4 billion people to resist the dominance of Visa Inc, Mastercard Inc and American Express Co. “Everyone cannot go to the border for ...

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The Fed faces a policy dilemma of its ‘design’

  The Federal Reserve is in a deep hole of its own making as its top policy committee meets to announce the start of a long-anticipated cycle to raise interest rates. Inflation is at a 40-year high and still accelerating, the Fed’s inflation-fighting credibility is damaged, and it has lost control of the monetary policy narrative. Add to that the ...

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