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FDIs into UAE grow by 44.2 percent in 2020


May 17, 2021
Dr. Thani Bin Ahmed Al Zeyoudi, minister of state for foreign trade.
ABU DHABI Foreign direct investment (FDI) into the United Arab Emirates (UAE) grew by 44.2 percent in 2020 compared to 2019 and reached to a total of $19.88 billion. The positive results come amidst the reeling impact of the COVID-19 pandemic on the volume of global investment and trade and on the world economy in general.
The increase brought the cumulative balance of FDI inflows to about $174 billion, achieving a growth of 12.9 percent compared to the same period in the previous year.
The investments included all sectors and economic activities, with majority of the activities led by the oil and gas sector. The Abu Dhabi National Oil Company (ADNOC) concluded huge investment deals and partnerships with several foreign companies which contributed to achieving this growth. ....

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Aronui Indigenous Arts Festival gets $100,000 funding boost


Aronui Indigenous Arts Festival gets $100,000 funding boost
14 May, 2021 05:00 PM
3 minutes to read
Rosie Belvie (left), Kahumako Rameka and Matiu Hamuera at the official opening of the Aronui Arts Festival in 2019. Photo / NZME
Rosie Belvie (left), Kahumako Rameka and Matiu Hamuera at the official opening of the Aronui Arts Festival in 2019. Photo / NZME
Rotorua Daily Post
By: Supplied content
The Aronui Indigenous Arts Festival is among four events to win grants to help them grow, attract new audiences, and boost local economies.
Economic and regional development minister Stuart Nash has announced new support from an incubator fund launched last year to provide seed and development backing for creative and cultural events. ....

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Historic budget accelerates investments in helping businesses, families and local governments rebound and grow


Historic budget accelerates investments in helping businesses, families and local governments rebound and grow
As you are likely aware by now, the 2021-23 state biennial budget makes historic investments in Washington’s recovery and growth trajectory coming out of the pandemic. At Commerce, we are preparing for significant work ahead as we implement a $2.7 billion operating budget and $2.4 billion in capital funding. Our team is growing – we’re recruiting exceptional team members, so I invite you to check out and share positions currently posted and watch for more here as we enhance our capabilities, particularly around equity and inclusion, and economic development and community outreach. As always, Commerce will be well-equipped to tackle the big challenges ahead, and we’re excited to be tasked with so many important programs that will strengthen communities throughout the state over the next two years and beyond. Here are some highlights from the 2021 session and bu ....

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'Do not fill plastic bags with gasoline' U.S. warn


Do not fill plastic bags with gasoline U.S. warns as shortages grow
Reuters | May 12, 2021 04:18 PM EDT
A couple fills up multiple 5 gallon gas tanks at a Wawa gas station, after a cyberattack crippled the biggest fuel pipeline in the country, run by Colonial Pipeline (Photo : REUTERS/Octavio Jones)
The U.S. Consumer Product Safety Commission on Wednesday warned Americans to not fill plastic bags with gasoline as fuel shortages worsened on the sixth day of a pipeline outage and consumers raced to secure supplies.
Do not fill plastic bags with gasoline the agency said on Twitter, followed by Use only containers approved for fuel. ....

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