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Abu Dhabi / Emirates Business Emirates Development Bank (EDB), fully owned by the UAE Federal government and a key financial enabler of the country’s economic diversification and industrial transformation agenda, announced the signing of cooperation agreement with Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), to boost the export potential of national businesses ...

Dubai / WAM Emirates National Oil Company Group (Enoc Group), the Official Integrated Energy Partner of Expo 2020 Dubai, has achieved AED 6.1 million savings from Energy and Resource Management (E&RM) projects in 2021; recording cumulative savings of AED 108 million from innovative energy efficiency measures implemented across the group over the last five years. The announcement was made ahead ...

Dubai / Emirates Business Zurich Capital Fund in partnership with Ayarezq Ayasoft announces the launch of (Exor), the first high-end digital platform in Latin America and the Caribbean to trade crypto currency linked and connected to banks in Latam where it started with five million user. It is integrated with digital banks and is the first in the world with ...

ABU DHABI / WAM Zaki Anwar Nusseibeh, Cultural Adviser to His Highness the President and Chancellor of the United Arab Emirates University (UAEU), has described Expo 2020 Dubai as one of the world’s most important cultural, scientific, and economic events. Nusseibeh said that the dazzling opening ceremony demonstrated the UAE’s ability to organise and host an event of this kind. ...

Abu Dhabi / WAM Wizz Air Abu Dhabi, a UAE national airline, will commence seven new routes in the upcoming weeks bringing its third aircraft to full capacity after the eased travel restrictions were introduced in the Abu Dhabi Emirate recently. The national airline will operate routes to (Sarajevo) Bosnia and Herzegovina, Odesa (Ukraine), Muscat (Oman), Almaty (Kazakhstan), Sohag (Egypt), ...

SHARJAH / WAM The 48th edition of the Watch and Jewellery Middle East Show (WJMES), organised by the Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry (SCCI), will kick off on Tuesday with the participation of nearly 300 exhibitors of world-leading companies of the watch and jewellery design and manufacturing, alongside the participation of ...

Dubai / WAM The Dubai Gold and Commodities Exchange (DGCX) once again registered a high monthly Average Open Interest (AOI), amounting to 154,629 contracts in September. Open interest is an indicator of the total number of futures contracts held by market participants at the end of the trading day – and the significant increase over the last few months reflects ...

The conventional wisdom is that politicians focus on the short term at the expense of the long term — that they’re obsessed with the latest polling and the next election instead of the future of the country and the next generation. That may be true, but still: President Joe Biden and congressional Democrats could use a healthy dose of short-term ...

What do Facebook co-founder Mark Zuckerberg and Tesla Chief Executive Elon Musk have in common? Both are grappling with big problems that stem, at least in part, from putting faith in artificial intelligence (AI) systems that have underdelivered. Zuckerberg is dealing with algorithms that are failing to stop the spread of harmful content; Musk with software that has yet to ...

California just gave single-family homeowners more control over their property and, for those in high-demand cities, the potential for a big financial windfall. Eight time zones away in the UK, the Conservative government is revising its planning bill in ways that could give homeowners a similar boon. The details and contexts differ, but both approaches recognise a political reality. The ...