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Abu Dhabi state holding firm to invest $10 billion in projects with Egypt, Jordan

Abu Dhabi state holding firm to invest $10 billion in projects with Egypt, Jordan

ABU DHABI state holding firm ADQ will allocate $10 billion in investment for projects with Egypt and Jordan, the United Arab Emirates' state news agency WAM reported on Sunday, citing the Industry and Advanced Technology Minister Sultan Al Jaber. ADQ has become the leading vehicle for outbound investments from Abu Dhabi, managing about $110 billion in assets, according to Global SWF. It acquired a 45% stake in commodities trader Louis Dreyfus Co (LDC) in 2021. The partnerships will focus on areas of mutual interest including agriculture, pharmaceuticals, minerals, petrochemicals and textiles, state news agency (MENA) reported in a separate statement…
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Verstappen wins 1st world championship in dramatic last lap dash

Verstappen wins 1st world championship in dramatic last lap dash

UNDER the bright lights of the Yas Marina Circuit, Red Bull’s Max Verstappen became world champion for the first time after he pipped seven-time world champion Lewis Hamilton in a final lap duel of a dramatic race. Verstappen, who was almost four seconds behind Hamilton with laps to go, got the biggest break of the race when Williams’ Nicolas Latifi crashed into the wall after a back of the queue duel with Haas’ Mich Schumacher. The crash allowed Verstappen to get new, faster soft compound tyres while Mercedes elected to keep Hamilton out on older hard tyres.  The race ended…
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‘They told us they hate Africans’

‘They told us they hate Africans’

MAYA GEBEILY KABRIRAT Olokunde, a Nigerian migrant worker, planned to spend her birthday with friends in the city of Abu Dhabi. Instead, she turned 28 in a frigid prison cell, one of about 700 Africans imprisoned by Emirati authorities without charge. In unparalleled mass arrests, the workers were jailed with "no legal justification" on the night of June 24-25 and later started being deported, said ImpACT International for Human Rights Policies and the Euro-Mediterranean Human Rights Monitor. "I celebrated my birthday in chains, with no mattress," Olokunde said by phone from the Nigerian city of Lagos, where she was deported…
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Ousted Mali president Keita leaves country as transition talks begin

Ousted Mali president Keita leaves country as transition talks begin

TIEMOKO DIALLO OUSTED  Mali President Ibrahim Boubacar Keita has left the country for medical treatment in Abu Dhabi, an adviser said, as talks about a transition back to civilian rule following last month's military coup got off to a chaotic start. Keita, 75, was hospitalised in the capital Bamako on Tuesday, six days after he was released from detention by the ruling junta, which seized power on Aug. 18. His former chief of staff, Mamadou Camara, told Reuters that Keita left Bamako on Saturday evening aboard a plane chartered by the United Arab Emirates at the request of Mali's ruling…
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