Bloomberg Fast Retailing Co lowered its full-year operating profit outlook 11% as the Uniqlo owner’s international segment — a key driver of growth — was hurt by geopolitical turmoil in South Korea and Hong Kong. Asia’s largest retailer said earnings for the year through August will be 245 billion yen ($2.24 billion), according to a statement. Fast Retailing in October ...

ABU DHABI / WAM The global energy sector’s transition towards attaining climate change mitigation and adaptation is often deemed as a controversial and expensive process. However, according to experts attending the Atlantic Council Global Energy Forum, the UAE has proven its ability to rise as a sustainable energy leader employing Carbon Capture, Utilisation and Storage, CCUS, as a means to ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message to Sultan Haitham bin Tariq Al Said of Oman, expressing his condolences on the death of Sultan Qaboos bin Said Al Said. His Highness Sheikh Khalifa bin Zayed prayed to Allah the Almighty to rest the soul of the deceased in Paradise. His ...

Abu Dhabi /WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a phone call from Russian President Vladimir Putin on Saturday, during which the two sides discussed the relations and strategic cooperation between the two countries and ways to enhance them. They also spoke about ...

RAS AL KHAIMAH / WAM The American University of Ras Al Khaimah (AURAK) and Coastal Carolina University (CCU), in United States signed an agreement to encourage cooperation and strengthen research, teaching and outreach to promote development, broaden international experiences, and share cross-cultural knowledge and understanding among students, staff and faculty. Activities may include long-term exchanges of students for a semester ...

Abu Dhabi / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO, on Saturday said that geopolitical tensions have dissipated over the past few days, noting that “wisdom, balance, and diplomacy appear to [be] prevailing,” in the delicate dynamics of the region. Al Jaber’s statement was made during the opening of the Atlantic Council ...

CANBERRA / WAM Emirati astronaut Sultan Al Neyadi has joined the UAE effort to help Australia, flying to the fire-ravaged country to lend a hand in person. Al Neyadi – who has a PhD from Griffith University in Queensland, Australia – sent several tweets from Sydney to his 22,000 followers including a NASA image taken from space showing the smoke ...

NEW YORK / WAM The UAE has supported the call made by UN Secretary-General Antonio Guterres to stop escalation in the Middle East and renew international cooperation, reiterating its commitment to seeking political solutions, playing a mediation role, and promoting the values of tolerance in the region and beyond. During the UN Security Council Open Debate on the upholding of ...

ABU DHABI / WAM Renewable energy could employ more than 40 million people by 2050 under the International Renewable Energy Agency’s (Irena), climate-safe energy path, according to a report published by the Agency during its 10th Assembly. The report finds that total energy sector employment can reach 100 million by 2050, up from around 58 million today should the international ...

Muscat / WAM The Sultanate of Oman on Saturday officially announced the appointment of Sultan Haitham bin Tariq bin Taimour Al Said as the successor of the late Sultan Qaboos bin Said, who passed away on Friday evening. The Oman Defence Council in a statement said that it has decided to implement the will of Sultan Qaboos, which was assigned ...