Author: Ahmed Zaky

A two-day visit by Italian Prime Minister Giorgia Meloni to the UAE was hosted by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today. He expressed his hope that Prime Minister Meloni’s first visit to the UAE would provide a strong impetus for the development of relations between the two friendly nations. In the next stage, the two countries discussed cooperation paths and opportunities to build a strategic partnership between them. Among the topics covered were energy security, renewable energy, clean technologies, and sustainable development, as well as climate change, food security, industry, advanced technology, and other concerns…

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U.S. State Department on Friday announced $6 billion in funding commitments for ocean protection and climate change fighting. U.S. climate envoy John Kerry announced the amount at an oceans conference in Panama on Thursday and it encompasses 77 commitments, the Department of State said. State Department data shows that some $3 billion was committed to climate resilience and climate research as part of the Inflation Reduction Act last year. A total of $665 million will be spent on sustainable fisheries, while $200 million will be dedicated to marine pollution, Reuters reported. Thirty of the 77 commitments concern climate change, amounting…

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Investors were watching for testimony from Federal Reserve Chair Jerome Powell on Monday as well as the February jobs report at the end of the week, which will likely influence how hawkish the central bank will be going forward. Dollar index, which measures the value of the U.S. currency against six major currencies, was down 0.182% at 104.420. Reuters reports that the index fell for the first time since January last week. Since delivering jumbo hikes last year, the Fed has raised interest rates by 25 basis points in its latest two meetings, but a slew of resilient economic data…

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MENA Newswire: the Big Circle Line (Bolshaya Koltsevaya), designed to expand and modernize the subway system, mainly to relieve traffic congestion on the Circle Line (Koltsevaya Line) and reduce traffic jams in Moscow, finally became fully operational. The Big Circle Line is 70 kilometers long, with 31 stations and three electric depots. The longest circular subway line was built in record time. The first section was opened in 2018, followed by several in 2021, including the longest metro section in Moscow’s history, 21 km long with 10 stations. Unique design and engineering solutions allowed the seamless integration of the subway circle…

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For the year ending on 31st December 2022, flydubai’s historic profits were AED1.2 billion (US$327 million), a 43% increase from 2021. AED9.1 billion (US$2.5 billion) was the carrier’s total annual revenue in 2022, up 72% from AED5.3 billion (US$1.4 billion). A record 10.6 million passengers were carried by the airline, up 89% from 2021, and 17 new aircraft were delivered, the highest number in a year. As part of its biggest recruitment campaign yet, flydubai also hired 1,300 employees in 2022. A statement by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai, stated, “Flydubai’s record performance for 2022…

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Local fishermen discovered the remains of a man who went missing earlier this month in southern Argentina inside a shark. Because a distinct tattoo on Diego Barra’s body was visible, his family was able to identify his remains, according to law enforcement. Barria was last seen on February 18 riding his all-terrain vehicle near the coast in southern Chubut province. An extensive search for Barria began on February 20 after his damaged ATV was recovered, but he was not found. Two local fishermen contacted the coast guard on Sunday morning to report catching three school sharks near where Barria’s ATV…

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The FIFA award for best male player was given to Lionel Messi over his Paris Saint-Germain teammate Kylian Mbappe. At the Best FIFA Awards ceremony held in Paris on Monday, Messi was announced as the winner for 2022. The best women’s player award was awarded for a second consecutive year to Alexia Putellas of FC Barcelona. “It’s amazing,” Messi said at the ceremony, according to the BBC. The past year has been extremely rewarding, and I am honored to receive this award. I wouldn’t be where I am today without the support of my teammates. Messi continued, “I achieved the…

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Anwar Sadat’s diplomatic passport was sold for $47,500 at a Texas auction house on Wednesday, causing anger and confusion. Anwar Sadat’s family has called for an investigation into the sale of his passport at a US auction house, arguing that it is part of the nation’s history. Dallas, Texas-based Heritage Auctions sold Sadat’s diplomatic passport for $47,500 on February 22. As a member of parliament and the grandson of the late president, Kamai Sadat told Ahram that selling his grandfather’s passport would be an insult to the Egyptian people who love the late president. The passport’s journey to the auction…

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During the third meeting of the Industrial Partnership for Sustainable Economic Development’s Higher Committee, companies from the UAE, Egypt, Jordan and Bahrain signed industrial agreements worth more than $2 billion. Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and UAE climate change special envoy, attended the meeting in Amman on Sunday. Ahmed Samir Saleh, Egyptian Minister of Industry and Trade, Yousef Al Shamali, Jordanian Minister of Industry, Trade and Supply, and Abdulla Adel Fakhro, Bahraini Minister of Industry and Commerce were present at the meeting. Twelve agreements were signed across nine industrial projects during the…

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A global investment company with operations in 13 countries, Dubai Holding, announced today that it has acquired Henderson Park’s stake in The Westin Paris – Vendome. In Paris, France, the hotel is one of the most valuable real estate assets because of its ultra-prime location. Dubai Holding and Henderson Park acquired The Westin Paris – Vendome jointly in 2018. Dubai Holding’s extensive portfolio of world-class assets in key gateway locations has been strengthened through the acquisition of this prime asset. It also supports the Group’s long-term strategy of global expansion, which is focused on boosting its presence in strategic locations…

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