The UAE and Uzbekistan agreed to strengthen economic partnership in the sectors of the new economy, tourism, entrepreneurship, financial technology, transportation, renewable energy, agriculture, small and medium enterprises and infrastructure.
The UAE Ministry of Economy said in a statement on Sunday that the agreement came during the meeting of the fifth session of the joint economic committee between the two countries in the Uzbek capital, Tashkent.
According to the statement, the UAE Minister of Economy, Abdullah bin Touq Al Marri, and the Minister of Investment, Industry and Trade of Uzbekistan, Laziz Kudratov, agreed to exchange information and expertise regarding economic policies and legislation supporting the achievement of the goals of the “We Are the Emirates Vision 2031” and the “Development Strategy of Uzbekistan 2030.”
According to the statement, the two sides expressed their desire to establish an international center for advanced digital technologies in Uzbekistan and to benefit from Emirati expertise in this regard, in a way that enhances the two countries’ vision of expanding into new and digital economic sectors and accelerating the shift towards a knowledge-based economy.
A memorandum of understanding was signed between the Etihad Export Credit Company and the Uzbek Export and Import Insurance Company (Uzbek Invest) to enhance joint cooperation in the field of export of goods and services and provide insurance support to exporters and financial institutions in the two markets.
A joint cooperation agreement was concluded between the Abu Dhabi Sustainable Water Solutions Company and the Uzbek Uzbek Usvtaminut Company to accelerate the development of the largest wastewater plant in Tashkent with a production capacity of 1.5 cubic meters per day, which will serve more than three million people.
A few days ago, the Ministry of Investment in the UAE and the Ministry of Digital Technology in Uzbekistan concluded an investment memorandum to enhance investment cooperation in the field of digital infrastructure, with a focus on data centers and artificial intelligence projects in Uzbekistan.
The memorandum aims, according to a statement issued by the Ministry of Investment on Friday, to explore and evaluate joint investment opportunities for new data centers in Uzbekistan, which would provide cloud computing and artificial intelligence solutions to institutions in the government and private sectors, in addition to attracting investors and entrepreneurs in the field of cloud services to… Uzbekistan, assessing the potential of supercomputer projects, exploring the development of language models specific to Uzbekistan, creating an advanced local system for talent in the field of artificial intelligence and computing, as well as enhancing cooperation and joint work between the government and private sectors in the two friendly countries.
https://www.worldysnews.com/al-bilad-newspaper-the-uae-and-uzbekistan-agree-to-strengthen-the-economic-partnership-2024-05-06-054408/
Battle of the Cryptos: Shiba Inu Faces Off Against Avalanche in a Fight for Supremacy
Avalanche Price Surge
- Avalanche’s value increased by over 7% in the past week.
- Despite this rise, market sentiment towards AVAX remained pessimistic.
Distinct from many cryptocurrencies, Avalanche (AVAX) saw its supporters holding firm ground as the token sustained its upward price trend.
The price of AVAX reached a crucial level that could potentially trigger a bullish run, positioning it to surpass Shiba Inu (SHIB) and become the 11th largest cryptocurrency.
Avalanche’s Potential Breakout
Recent data from CoinMarketCap revealed a more than 7% price surge for AVAX in the last seven days, with a 4% increase in the past 24 hours.
As of now, Avalanche is trading at $37.09, boasting a market capitalization exceeding $14 billion, securing its position as the 12th largest cryptocurrency.
Notably, a prominent crypto analyst, World Of Charts, highlighted a falling wedge pattern on AVAX’s 4-hour chart, suggesting an imminent price breakout.
If AVAX successfully breaks above this pattern, investors could witness a significant bullish momentum.
Market Comparison with SHIB
The impending rally might enable AVAX to surpass SHIB, given the narrow $400 million gap in their market capitalizations.
An analysis by AMBCrypto using Glassnode’s data indicated concerns surrounding SHIB, as its NVT ratio showed an uptick, hinting at a potential price decline.
If AVAX manages to break above the falling wedge pattern, it could capitalize on SHIB’s price drop to overtake the meme coin.
Image Source: Shiba Inu’s NVT Ratio increased
Exploring the Potential of AVAX Bull Rally
The analysis of AVAX metrics reveals intriguing insights into the potential for a bullish trend. The surge in open interest aligns with the price increase, hinting at a possible continuation of the bull rally. Despite this positive momentum, the sentiment surrounding AVAX remains bearish, with the Weighted Sentiment indicator signaling caution.
Factors Driving AVAX’s Performance
One key indicator supporting the likelihood of a breakout is the Chaikin Money Flow (CMF), which has shown an upward trend and is poised to move beyond the neutral threshold. This positive momentum could fuel further price appreciation for AVAX.
Source: Santiment
Implications for AVAX Investors
Investors in AVAX should closely monitor these key metrics to gauge the market sentiment and potential price movements. The interplay between open interest, price action, and sentiment indicators can provide valuable insights into the future trajectory of AVAX.
Analysis of AVAX Price Movement
Recent market trends have shown positive signs for AVAX, with indicators pointing towards a potential price increase. The Moving Average Convergence Divergence (MACD) signaled a bullish crossover, indicating a likely uptrend in the price.
However, it is important to note that the Relative Strength Index (RSI) and the Money Flow Index (MFI) have remained bearish, maintaining a sideways movement in the past few days.
Future Price Predictions for AVAX
In a best-case scenario where AVAX experiences a breakout, analysts suggest that the initial target price could be $40. If the token successfully surpasses this level, there is a possibility for it to reach beyond $50 in the near future, potentially leading to AVAX overtaking SHIB in market value.
Source: TradingView
Further Insights
For more in-depth analysis and price predictions for AVAX, you can refer to Avalanche’s Price Prediction 2024-25.
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Battle of the Cryptos: Shiba Inu Faces Off Against Avalanche in a Fight for Supremacy
Supporting Foreign Workers: How the Post Office Helps them Adjust to Korea
friendship
The post office helps foreign workers in the shipbuilding industry adjust to Korea.
Daily Digital Publication Date 2024-05-06 12:00:00
[ⓒ 과학기술정보통신부 우정사업본부]
[디지털데일리 채성오기자] The Postal Service Division of the Ministry of Science and ICT (Director Cho Hae-geun) announced on the 6th that it plans to help make life easier for non-professional (E-9) foreign workers entering ‘ the joint training center through collaboration with Samsung Heavy Industries ‘ Geoje Shipyard by the end of this year.
The Post Office plans to provide services to foreign workers at Geoje Shipyard by the end of this year. We intend to provide goods such as medicine and grocery kits necessary for adaptation to the country, and in particular, we will provide low cost telephone services to solve the difficulties of opening a mobile phone during the early stages of entry into the country . We intend to provide information on various post office services such as post office check cards, foreign payments, and EMS international mail transportation (fee discount benefits), and also allow instant registration.
On the 2nd, Geoje Post Office employees provided information on various post office services, including budget phones, to about 20 foreign workers undergoing specialized training at Geoje Samsung Heavy Industries Shipyard and provided them with items to support adapt them to the country.
Mr Ferdinaoga (31), an Indonesian worker, said, “I am grateful that the post office came directly to create a bank book and card for me, and also informed me about discounts on international EMS mail to send to my hometown.” He added, “I’m unfamiliar with life in Korea, but the post office helped me.” “It gives me great strength,” she said.
Geoje Shipyard provides specialized training, including technical training and industrial safety education necessary for the shipbuilding industry, to foreign workers for the first 3 to 4 weeks after entering the country.
Cho Hae-geun, head of the Post Office, said, “The Post Office will help foreign workers who entered Korea for employment to adapt to the domestic market, we will also support various personnel who are already working in the domestic market field to lead and use Post Office services.” he said.
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Supporting Foreign Workers: How the Post Office Helps them Adjust to Korea