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UAE prepares to address the economic challenges of the future

UAE prepares to address the economic challenges of the future

The United Arab Emirates (UAE) has announced measures to help diversify its economy away from dependency on hydrocarbons, and to create jobs for Emiratis in new private-sector opportunities. The package includes an investment of AED24 billion to create 75,000 new private-sector jobs. The UAE government is looking to balance between creating incentives for expats to relocate to the UAE and creating employment opportunities for its own population.
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Cairo's underbridges on a path of transformation

Cairo's underbridges on a path of transformation

Egypt's capital, Cairo, is home to hundreds of bridges and bridge extensions scattered all over the metropolis. For long, under bridges were a place for the homeless, renegades and illicit activities but the scene is rapidly changing now as underbridges turn into cafes and social corners. 

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Russia tripled its gold exports in 2020

Russia tripled its gold exports in 2020

Russia tripled its gold exports in 2020 after the coronavirus pandemic had made oil and gas revenues plummet, the Russian newspaper Izvestia writes. However this year is not expected to be so good for gold producers. According to economists at Morgan Stanley weak inflation, coupled with an improving economic outlook, will continue to weigh on gold prices.
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Bahraini foreign minister visits Brussels

Bahraini foreign minister visits Brussels

The Bahraini Minister of Foreign Affairs, Dr. Abdullatif bin Rashid Al-Zayani, met with the European Union's High Representative for Foreign Affairs and Security Policy, Josep Borrell, and the President of the European Council, Charles Michel, during a visit to Brussels. 
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European Commission proposes new "ambitious" agenda for the Mediterranean

European Commission proposes new "ambitious" agenda for the Mediterranean

The European Commission has published its long-awaited strategy for taking forward its relationship with its southern neighbours. It proposes "a new, ambitious and innovative Agenda for the Mediterranean, drawing for the first time on the full EU toolbox and the ground-breaking opportunities of the twin green and digital transitions, in order to relaunch our cooperation and realise the untapped potential of our shared region".
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Saudi Arabia unveils plan for a 'Riyadh Vision'

Saudi Arabia unveils plan for a 'Riyadh Vision'

Saudi Arabia announced on Thursday, its strategy for the 'Riyadh Vision'. The plan was revealed by Crown Prince Mohammed bin Salman and it aims to make Riyadh among the world's top 10 economic cities in order to drive forward the country’s economic, industrial and tourism growth in the upcoming years. 
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UAE affirms support for Gulf economic cooperation

UAE affirms support for Gulf economic cooperation

The UAE Minister of State for Foreign Trade affirmed the UAE’s willingness to support joint Gulf action in various priority economic issues. Some of the expected changes is an amended consumer protection system, the adoption of the amended patent system, and continuing to support and encourage small and medium enterprises and institutions.