Finland firm scraps nuclear plant deal with Russia

• The proposed 1,200-megawatt Russian-designed reactor was to be built in Pyhajoki, about 100 kilometres (60 miles) from the port of Oulu in northern Finland
• Two days before Russia's invasion of Ukraine, the Finnish government had said it was re-evaluating the security risks for the 7.5-billion-euro deal

UAE reaffirms support to workers’ rights

• The Minister made the statements as he visited Al Naboodah Labour Accommodation in Al Awir, Dubai, on the occasion of the International Workers' Day
• "The UAE's celebration of the Workers' International Day is reflective of the State's respect for all workers on the Emirati soil"

Libya’s rival government meets for first time

• "We are keen to carry out our work as the legitimate Libyan government emanating from the legislative authority," Bashagha said
• The rival adminstrations are the latest political split since the fall of dictator Moamer Kadhafi in 2011

UAE hotel industry basks in festive Ramadan spirit

• Hotel room prices decreased after the end of Expo 2020, with rates starting at around US$50 per night in the UAE
• A handful of hotels achieved occupancy levels of more than 70 percent due to factors like the return of events, conferences, and exhibits

Regional economies look up as Ramadan boosts retail

UAE restores Ramadan goodwill with tough fight against COVID-19

• Dubai marks the Holy Month of Ramadan in style, with lighting designs displayed throughout the city
• One of the most prominent events in Dubai this year is the return of Ramadan tents

Demand surges as Ramadan returns

• Various businesses -- particularly related to food, apparel and household products -- are witnessing surge in demand
• Consumers are spending more on cross-border goods during Ramadan this year as COVID-19 curbs have eased

QIB’s quarterly profit grows 14%

• The Earnings per Share (EPS) amounted to QR 0.36 as of March 31, 2022 versus Earnings per Share of QR 0.32 for the same period in 2021
• Qatar Islamic Bank was founded in 1982 as the first Islamic financial institution in Qatar, with a capital of about 2,362 billion riyals

High demand for G6 currencies leads DGCX trading volumes

• Euro and British Pound Futures Contracts recorded a year-on-year (YOY) advanced growth of 527.5 percent and 261.5 percent respectively.
• Trading volumes in the Japanese Yen as well as the Australian Dollar registered a significant YTD growth of 339.2 percent and 755.76 percent respectively.

Dubai turns Expo into 6-month diplomatic gala

• Visiting global dignitaries helped the UAE emerge as a new world capital of political and cultural diplomacy over the Expo's six-month run
• The world fair has, in essence, put a spotlight on the UAE as a nation of tolerance that connects people and cultures