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WORLD CAPITALS / WAM Gold prices lingered near a two-month low on Wednesday, trading below the key $2,000- per-ounce level, as a stronger-than-expected US inflation report prompted traders to trim bets for deeper rate cuts by the Federal Reserve. According to Reuters, spot gold was flat at $1,992.21 per ounce (Oz) as of 0429 GMT after hitting its lowest since ...

SHARJAH / WAM Beeah, a sustainability pioneer, held the first edition of its “Future Summit — Beyond Tomorrow: A Journey into Exponential Innovation” for future technologists and business leaders. In collaboration with the Sharjah Research, Technology, and Innovation Park (SRTIP) and US-based exponential education company, Singularity, the summit empowered a group of futurists to embrace an exponential mindset, be prepared ...

DUBAI / WAM The Abu Dhabi Fund for Development (ADFD) participated in the World Governments Summit (WGS) in Dubai as a strategic partner. The three-day event, which took place from February 12-14 under the theme of “Shaping Future Governments”, served as a global platform uniting government leaders, thinkers, experts, and decision-makers to exchange insights, anticipate the future, and leverage innovation ...

ABU DHABI / WAM The Ministry of Investment of the UAE and the Ministry of Electronics & Information Technology of the Republic of India have signed a memorandum of understanding (MoU), setting out a framework for the expansion of bilateral investment cooperation in the digital infrastructure sector, with a special emphasis on data centre projects in India. The memorandum marks ...

ABU DHABI / WAM Fertiglobe, the strategic partnership between Adnoc and OCI Global, on Wednesday reported Q4 2023 revenue of $646 million, adjusted EBITDA of $289 million, and adjusted net profit of $103 million. Fertiglobe’s full-year 2023 revenues and adjusted EBITDA were $2,416 million and $1,004 million, respectively, with adjusted net profit of $363 million. Fertiglobe achieved 23% growth in ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to the President of the Republic of Azerbaijan, Ilham Aliyev, on the occasion of the presidential election win. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh ...

ABU DHABI/ WAM Khalifa Economic Zones Abu Dhabi (KEZAD Group), the largest operator of integrated and purpose-built economic zones, and UAE-based Titan Lithium have announced the signing of a 50-year land lease agreement for the establishment of a state-of-the-art lithium processing plant in Khalifa Industrial Area (KEZAD Al Ma’mourah). To be developed in three stages with AED 5 billion in ...

RAFAH/ WAM The Emirates Red Crescent (ERC) continued distributing winter clothes and food meals to the people of the Gaza Strip, as part of Operation “Gallant Knight 3”, launched by the UAE under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to support the Palestinian people. Benefiting 132,883 individuals, the distribution included 6,700 pieces of clothing, ...

DUBAI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency President Recep Tayyip Erdogan of the Republic of Türkiye discussed strengthening bilateral relations and working together to meet the aims of the two countries’ wide-ranging economic partnership. Their discussions focused on expanding cooperation in areas that would benefit both countries and their peoples. The meeting took ...

DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today honoured the teams behind Türkiye’s RoboRoyale ecosystem support project and Spain’s Life Work Balance project as winners of the 6th Edge of Government Award. A total of 13 global innovations were showcased via the Edge of Government platform, overseen by the ...