Category: Industry

Partnerships and economy are best way to overcome today’s complex challenges: UAE President at I2U2 Leaders’ Summit

President His Highness Sheikh Mohamed bin Zayed Al Nahyan affirmed that the UAE will continue its firm approach to support every step towards promoting coexistence and constructive cooperation, building on its belief in peoples’ right to have peace, stability, development and prosperity, and to achieve a better future for generations to come.   His Highness Sheikh Mohamed bin Zayed made

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FANR details regulatory activities in 2021 annual report

Abu Dhabi, The UAE’s Federal Authority for Nuclear Regulation (FANR) has published its 2021 Annual Report, detailing its nuclear regulatory activities and milestones during 2021. Throughout the year, FANR conducted its oversight activities at the Barakah Nuclear Power Plant through its resident inspectors and other deployed inspectors from its headquarters. These activities included 33 nuclear safety inspections of the Barakah

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Toyota’s Japan flagship Crown car to debut on global markets

Tokyo, Toyota’s flagship model in Japan, the Crown, is going on sale around the world for the first time, including in the U.S. The 16th generation Crown, set to begin production in January, comes in four varieties — a crossover with a hybrid system; a sedan that is most similar to the Crowns seen on Japanese streets; a sport-utility vehicle

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Hyundai Motor launches first electric sedan, taking on Tesla

Seoul, Hyundai Motor Co launched its first electric sedan, Ioniq 6, which the South Korean automaker is betting will help it grab a bigger share of the electric vehicle (EV) market dominated by Tesla Inc .   The Ioniq 6 is one of more than 31 electric models that Hyundai Motor Group – including Hyundai Motor, its sister company Kia

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Asian stocks gain as investors brace for U.S. inflation data

Hong Kong, Stocks made slight gains across Asia on Wednesday while the euro hovered just above parity against the dollar as investors awaited a highly anticipated U.S. inflation report later in the global day.   Futures were down ahead of European markets opening on Wednesday morning. FTSE futures slipped 0.24% while pan-region EuroSTOXX 50 futures fell 0.46%, Reuters reported.  

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CBB Government Development Bond issue No. 30 oversubscribed

Manama, The Central Bank of Bahrain (CBB) announces that the issue of the 5-year Government Development Bond has been oversubscribed by 298%.   Subscriptions worth BD 595.750 million were received for the BD 200 million issue, which carries a maturity of 5 years.   The fixed annual coupon rate on the issue, which begins on 17th July 2022 and matures

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Oil slides on strong dollar and weaker demand outlook

London, Oil prices fell on Tuesday on a strong dollar, and expectations of weakening demand due to fresh COVID-19 curbs in top world crude importer China and fears of a global economic slowdown.Brent crude futures fell $2.32, or 2.2%, to $104.78 a bar…

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