European stocks dropped in early trading and Asian markets were mostly lower on Wednesday after U.S. stocks hit new record highs, Associated Press reported.
Category: Economy
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‘SAFEEN’ trials first electric tug in Middle East for Marine Services fleet
SAFEEN Group, part of AD Ports Group, has announced it is trialling an electric tug within their Marine Services fleet, the first of its kind in the Middle East, which will be deployed at AD Ports Group’s flagship facility, Khalifa Port.
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Cairo to host meeting of Council of Arab Finance Ministers on Wednesday
The Arab Monetary Fund (AMF) is organising the 15th regular session of the Council of Arab Finance Ministers in the Egyptian capital, Cairo, on Wednesday, as part of the annual joint meetings of Arab financial institutions, under the chairmanship of Nadia Fettah, Minister of Economy and Finance of the Kingdom of Morocco.
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ADX commences Global Investor Roadshow in New York
Abu Dhabi Securities Exchange (ADX), one of the world's fastest-growing securities exchanges with a market capitalisation of more than US$765 billion, is pleased to launch its 2024 Global Investor Roadshow and Conference starting off with New York in collaboration with Morgan Stanley Bank, on 20th and 21st May, 2024.
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MoEI, Etihad WE formalise UAEV joint venture to deliver best-in-class EV fast-charging infrastructure
The UAE Ministry of Energy and Infrastructure (MoEI) and Etihad Water and Electricity (Etihad WE) today unveiled a pioneering joint venture, UAEV, to provide and promote fast and accessible electric vehicle (EV) charging infrastructure across the UAE. UAEV is the first EV charging network fully owned by the government.
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UAE airports welcome 36.5 million passengers in Q1 2024
The UAE's civil aviation sector recorded remarkable growth in the first quarter of 2024, welcoming a staggering 36.5 million passengers, according to the General Civil Aviation Authority (GCAA).
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Oil prices rise in global markets
Oil prices have surged in global markets, Azerbaijan's state news agency (AZERTAC) reported on Thursday.
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ADNOC sets new industry standard at Ras Al Sadr
ADNOC has returned to the Ras Al Sadr field to start gas production, 75 years after the first exploration well was drilled at the field. Back in the 1950s, as the Middle East’s oil industry was being established, Abu Dhabi’s first ever exploratory well was drilled in Ras Al Sadr.
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PCFC issued over 800,000 security passes in Q1 2024
The Security Department at Ports, Customs and Free Zone Corporation (PCFC) issued 800,000 security passes during the first quarter of 2024 to facilitate the entry of individuals and companies into the ports and free zones overseen by the PCFC in Dubai.
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Etihad Airways, Abu Dhabi Businesswomen Council to support 25,000 women-owned SMEs
The Abu Dhabi Businesswomen Council (ADBWC) and Etihad Airways have signed a Memorandum of Understanding to support 25,000 women-owned small and medium-sized enterprises (SMEs) operating in the capital.