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UAE, Indonesia and South Korea discuss cooperation in Riyadh

  RIYADH / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, met separately with Prabowo Subianto, Indonesian Minister of Defence, and Kang Eun-ho, South Korean Minister of the Defence Acquisition Programme Administration, in the presence of a number of senior officers and officials of the Ministry. During the meetings, held on the sidelines of the World ...

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Dubai, Dominican Republic sign customs agreement

  DUBAI / WAM The Ports, Customs and Free Zone Corporation (PCFC), has signed a commitment letter with the Dominican Republic’s General Directorate of Customs to officially implement a Customs Management System that will streamline logistics processes and reduce time and costs in cross-border trade. This agreement was signed at Expo Dubai 2020, as part of the Dominican Republic’s National ...

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UAE, UK launch toolkit to help tackling illegal wildlife trade

  Abu Dhabi / WAM The government of the UAE has worked with the UK government to launch a toolkit to support financial institutions in tackling illicit financial flows in Illegal Wildlife Trade (IWT). Ahmed Ali Al Sayegh, UAE Minister of State, has partnered with UK Minister Lord Tariq Ahmad of Wimbledon to launch the toolkit, which was launched at ...

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China warns US against forming Pacific Nato and backing Taiwan

Bloomberg China warned the US against trying to build what it called a Pacific version of Nato, while declaring that security disputes over Taiwan and Ukraine were “not comparable at all.” Foreign Minister Wang Yi told his annual news briefing Monday that the “real goal” of the US’s Indo-Pacific strategy was to form Asia’s answer to the North Atlantic Treaty ...

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Russian troops shelling destroys Ukraine atomic laboratory built with US

Bloomberg Russian forces destroyed an atomic-physics lab under international safeguards in Ukraine’s second-largest city, the head of the world’s nuclear watchdog said, underscoring growing concerns over the safety risks posed by fighting around the country’s atomic facilities. Rafael Mariano Grossi, who leads the International Atomic Energy Agency, said that a neutron generator at the Kharkiv Institute of Physics and Technology ...

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China sees moderate export growth as demand stabilises

Bloomberg China’s export growth moderated in the first two months of the year, pointing to more stable global demand as multiple risks cloud the outlook. Exports rose 16.3% in dollar terms in the January-February period from a year earlier, data from the General Administration of Customs showed on Monday, beating the 14% median estimate in a Bloomberg survey of economists. ...

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TCS plans to overhaul to hit $50 billion sales

  Bloomberg Tata Consultancy Services plans to overhaul its organisational structure with specialized groups targeted to help startups as well as large global firms as Asia’s largest software outsourcing provider gears up to double its revenues to $50 billion before 2030, according to people familiar. The Mumbai-based company will create four internal teams — a business transformation group, incubation group, ...

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TikTok suspends livestreaming in Russia on ‘fake news’ law

Bloomberg TikTok says it’s suspending livestreaming in Russia amid the country’s new “fake news” law that’s aimed at silencing dissent and limiting information about its invasion of Ukraine. “We have no choice but to suspend livestreaming and new content to our video service while we review the safety implications of this law,” the company announced in a series of tweets. ...

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India sees electric opportunity to focus on budget cars

Bloomberg Sales of electric vehicles in India tripled last year to 14,800 units and there are growing signs of momentum in this key potential market of 1.4 billion people. Impatient consumers rushing to switch from gasoline-powered two wheelers to electric scooters have been haranguing startups like Ola Electric on social media over the waiting times for deliveries. Luxury brands are ...

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Economy Europe keen to explore investment prospects in DAFZ

  DUBAI / WAM Dr Mohammed Al Zarooni, Executive Chairman of the Dubai Integrated Economic Zones Authority (DIEZ), welcomed a high-level delegation from the Senate of Economy Europe. The delegation led by Dr Walter Doring, Chairman of the Senate of Economy, aims to explore future cooperation and investment opportunities offered by the Dubai Airport Free Zone (DAFZ). The meeting was ...

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