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DUBAI, United Arab Emirates — Officials in Israel have high hopes for budding ties with the United Arab Emirates as the country’s cabinet on Monday ratified the historic deal establishing diplomatic relations between the two countries for the first time.  

Jerusalem Deputy Mayor Fleur Hassan-Nahoum is one of them. Co-founder of the UAE-Israel Business Council, she spoke to CNBC’s Capital Connection about the business opportunities made possible by the deal, known as the Abraham Accord. 

“People are just so excited for this peace … the reception we’ve received here is unprecedented,” Hassan-Nahoum said. “The Israeli side is really curious about the UAE, the Emiratis, and vice versa.” 

Since the accord’s announcement, the countries have signed a series of deals on collaboration in areas including technology, healthcare and research.

“On the Israeli side, Dubai, the UAE can be a gateway to the East … the UAE is very interested in Israel’s

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(RTTNews) – Eli Lilly and Co. (LLY) announced Thursday an agreement with the Bill & Melinda Gates Foundation for the supply of potential COVID-19 antibody therapy for low- and middle-income countries.

As part of the COVID-19 Therapeutics Accelerator, the deal facilitates access to future Lilly therapeutic antibodies under development for the prevention and treatment of COVID-19, the disease caused by the SARS-CoV-2 novel coronavirus.

The COVID-19 Therapeutics Accelerator is an initiative launched by the Gates Foundation, Wellcome, and Mastercard to speed the development of and access to therapies for COVID-19.

Lilly’s collaborators, AbCellera Biologics Inc., Shanghai Junshi Biosciences Co., Ltd. and Columbia University have agreed to waive their royalties on the Lilly therapeutic antibodies distributed in low- and middle-income countries as part of this initiative.

Lilly noted that the therapeutic antibodies have the potential to prevent and treat COVID-19, reducing the burden on healthcare systems.

Commercial manufacturing would commence in

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  • The Trump administration has taken an assertive approach to China, seeking to rebut Beijing’s propaganda and to cast its ambitions in the starkest terms.
  • But the US doesn’t need to court conflict to counter China, and it can commit to “telling the truth about China,” without needlessly antagonizing Beijing, writes Defense Priorities fellow Bonnie Kristian.
  • Visit Business Insider’s homepage for more stories.

The nations of the world should “see each other as members of the same big family, pursue win-win cooperation, rise above ideological disputes, and avoid falling into the trap of a clash of civilizations,” Chinese President Xi Jinping said in a recorded address to the UN recently.

As for his own country, Xi added, China is “committed to peaceful, open, cooperative, and common development. We will never seek hegemony, expansion, or a sphere of influence. We have no intention to fight either a Cold War or a hot

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Press release content from PR Newswire. The AP news staff was not involved in its creation.

HOUSTON, Oct. 2, 2020 /PRNewswire/ — Surge Energy US Holdings Company (“Surge Energy”) announces being recognized on the Houston Business Journal’s 2020 Middle Market 50 list.

The list of finalists for this award was announced by Houston Business Journal on August 3, 2020. Surge Energy was one of three upstream oil and gas production companies on the list. On October 1, 2020, the ranking of the finalists was announced by Houston Business Journal.

The Middle Market 50 recognizes the top 50 mid-size public and private companies in the Houston area. Ranking of the companies for this award is based on recent percentage revenue growth. Honorees will be featured in the print edition of Houston Business Journal on October 2, 2020.

“Surge’s impressive track record of growth and strong operational execution

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(Bloomberg) — Credit Suisse Group AG is laying off about 20 people in the Middle East as it restructures wealth management activities in the region, according to people familiar with the matter.



a living room: Credit Suisse Group AG Ahead Of First Virus-Era Results


© Bloomberg
Credit Suisse Group AG Ahead Of First Virus-Era Results

The job cuts — focused on Dubai — follow the decision to incorporate the business that deals with non-resident Indian and Africa clients under Middle East head Bruno Daher, the people said, asking not to be identified because the plans are private. Raj Sehgal, former head of that unit, is now the chairman of NRI and Africa.

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“We are committed to the non-resident Indian segment, and in order to further accelerate growth, we are bringing the operations in the broader Middle East and Africa region under one single leadership,” a bank spokeswoman said in an emailed statement. She declined to comment on the job cuts.

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SHENZHEN, China, Sept. 25, 2020 /PRNewswire/ — YUCHIP just completed the production and aging test of another 200 sets of street LED posters, ready for shipment to the Middle East. It’s said that the whole project needs 2,000 sets of street pole LED displays.

To build a smart city, a smart street light pole will be the central nerve of the city to transmit information. A report issued by the United States Wireless Communications and International Network Association (CTIA) in 2017 pointed out that urban street lights will be an important infrastructure in the 5G era.

Take a look at the world’s smart city building plan. Barcelona, Spain, a model of European smart cities; its pre-plans for smart cities started in 2008. Many Asian countries have further constructed the blueprint for the development of smart cities through information development related policies, such as South Korea’s “u-City Smart

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FERNDALE, Mich. – The coronavirus (COVID-19) pandemic doesn’t seem like the right time to launch a new business. Over the past five months, many small businesses have battled just to survive — but what if the opportunity presents itself?

In the case of Tov Bagels, it required a fair amount of courage, determination and great recipes.

“It really started as having fun baking bagels,” cofounder Joe Penn said.

Some might argue that’s not a compelling enough reason to try to start a business. Penn, Dan Lenz and Devon Malloy were housemates with a great hobby, and they all had real jobs.

At first, the idea of starting a business seemed foolish. Friends and family members counseled them on what a terrible idea it was to think about starting a small business during the shutdown.

But the three cofounders believed in themselves and their bagels. They got involved with a craft

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SHANGHAI, Sept. 17, 2020 /PRNewswire/ — Nextracker™, a Flex company, announced that it has entered into a strategic partnership with Shanghai Electric to supply over one gigawatt of its world-leading solar tracker technology, NX Horizon™ to boost energy production for phase five of Dubai’s Mohammed Bin Rashid Solar Park – the largest in the Middle East. Located 50 kilometers south of Dubai, the Mohammed Bin Rashid Solar Park is owned by the Dubai Electricity & Water Authority (DEWA) and will be tasked with driving the city towards the ambitious goal of generating 75 percent of its energy through renewables by 2050.

With close to 40 gigawatts of its solar tracker technology under construction or operating globally, Nextracker has a proven track record of delivering superior PV systems on schedule. Side-by-side test results published in a recent white paper in collaboration with independent testing provider PV Evolution

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Glenn Harlan Reynolds, Opinion columnist
Published 5:01 a.m. ET Sept. 10, 2020

Israel-UAE accord, economic gains and space travel are some of the good things going on in the world, even though there is a lot of grimness.

If you follow the news on TV or online, the world can look like a pretty grim place. And, of course, in some ways it is. But buried in the daily deluge of disasters and destruction, there are some pieces of good news, too. And some of them, despite their comparative lack of attention, are pretty important pieces of good news. Here are a few that I’ve noticed lately.

First, a major step toward peace in the Middle East. Yep, that’s right. Various presidents and international bodies have spent basically my entire lifetime pursuing peace in the Middle East. Now it’s in the process of happening and people are paying surprisingly little

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Appointments of Areej Al-Mokbel and Effat Badeeb Support Business Growth and Development of Local Leadership Team

Northern Trust (Nasdaq: NTRS) today announces two strategic appointments to its Middle East and Africa senior management team in The Kingdom of Saudi Arabia. These appointments underscore Northern Trust’s commitment to its clients by recruiting local talent to support the continued growth of its asset servicing and asset management business across the region.

Areej Al-Mokbel has been appointed chief operating officer for the Middle East and Africa, responsible for overseeing business operations for Northern Trust’s offices in Riyadh, Saudi Arabia and Abu Dhabi, United Arab Emirates. She is tasked with the day-to-day and strategic management of Northern Trust’s administrative and operational capabilities as it supports the evolving requirements of clients across the Middle East and Africa.

Al-Mokbel has more than 20 years of experience working in the financial services industry. She has spent over

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