Sheikh Mohamed, Macron discuss bilateral relations

Paris / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed, with Emmanuel Macron, President of France, the friendship and strategic partnership between the UAE and France, as well as promising opportunities for developing them, in addition to several issues of mutual concern. The discussion ...

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ADFD to finance $6.5m upgrade of local Mauritania fishing port

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) has signed a Memorandum of Understanding with the Government of Mauritania to finance a major refurbishment and modernisation project valued at around AED24 million ($6.5 million) for the Tanit Fishing Port. This is an artisanal fishing port that through this renovation and development of an ice factory will better enable ...

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Expo 2020 Dubai: Dewa completes its pavilion in Sustainability District

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed the construction of its pavilion in the Sustainability District of Expo 2020 Dubai, which aligns with development and innovation, as reflected in the exterior of its design, and features decorative ribbed façade that mimic onward moving portals consistent with the company’s progressive initiatives. Saeed Mohammed Al Tayer, MD & ...

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Dubai to host World Chambers Competition in November

Dubai / WAM Dubai is attracting innovative and pioneering initiatives from chambers of commerce from around the world as it prepares to host the World Chambers Competition 2021, taking place during the 12th World Chambers Congress (12WCC) on November 23-25. The competition recognises and celebrates the achievements of these chambers, while bringing their stories to a wider audience. ICC and ...

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Apple’s new iPhones may be weakest upgrade ever

For the more than 1 billion iPhone enthusiasts around the world, no product unveiling is more anticipated than Apple Inc’s annual reveal of its newest lineup of smartphones. Except for maybe this time. The Cupertino, California-based company introduced four iPhone 13 models with some minor enhancements, including a faster processor, better camera, longer battery life and nicer displays. They are ...

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Signing bonus has gone mainstream

The signing bonus, once the province of elite athletes and corporate executives, has gone mainstream. In the tightest labour market in years, employers like Amazon are shelling out thousands of dollars up front to truck drivers, trash collectors, warehouse workers and other in-demand workers. It’s a recruiting tool with a long history. But signing bonuses have evolved significantly over the ...

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Evergrande gives China an impossible equation

A restructuring at the world’s most indebted real estate developer is looming. The Chinese government has already hired financial advisors to assess China Evergrande Group. With more than $300 billion in liabilities on its books and not even $15 billion in cash, Evergrande is racing against time. It will not be able to make loan interest payments, Bloomberg News reported. ...

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Everyone wants to be next French president

The list of candidates hoping to take on Emmanuel Macron for the French presidency in April is getting long. About 30 people have thrown their hats in the ring, including Paris’ Socialist mayor Anne Hidalgo, far-right leader Marine Le Pen and former Brexit negotiator Michel Barnier. Similar numbers have been seen in previous elections, and the ranks will thin eventually. ...

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Ryanair plans for 5,000 new European jobs as Covid eases

Bloomberg Ryanair Holdings Plc plans to create 5,000 European jobs over the next five years as the airline returns to growth following the coronavirus slump. The Dublin-based carrier will need to add aviation crew to meet demand from an expanded Boeing Co 737 fleet, unit Chief Executive Officer Eddie Wilson said in an emailed statement. The airline expects passenger numbers ...

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On Running’s IPO beats target to raise $746m

Bloomberg The maker of On Running performance shoes priced its US initial public offering above a marketed range to raise $746 million. On Holding AG and some of its investors sold 31.1 million shares for $24 each, according to a statement confirming an earlier report by Bloomberg News. The company had marketed the shares for $20 to $22 each. The ...

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