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ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, stated that 2020 was an exceptional year full of national achievements in all sectors worthy of pride, noting that he is proud of the government’s successes, despite the challenges caused by the coronavirus pandemic. He was also optimistic that 2021 ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) continues to develop world-class infrastructure, supported by assets that exceed AED182 billion owned by Dewa and its subsidiaries, and around AED86 billion of investments in the energy and water sectors over five years. This helps Dewa enhance its production capacity to meet the growing demand and provide its services to more ...

ABU DHABI / WAM The central bank of the UAE (CBUAE) announced it conducted the first-of-its-kind cyberattack simulation exercise that is designed to test the resilience of the UAE’s banking sector against any potential cyber threats. The exercise affirms CBUAE’s preparedness to prevent or mitigate cyber threats that may cause disruptions to the UAE’s economy and financial stability. The exercise ...

Abu Dhabi / WAM The Department of Health – Abu Dhabi (DoH) has approved three new Covid-19 tests to be used in Abu Dhabi’s healthcare facilities’ emergency departments and urgent care centres. The new tests provide faster results and will efficiently contribute to physicians’ decision-making when it comes to providing suitable treatment for patients. The three new approved tests include ...

Bloomberg Samsung Electronics Co is considering spending more than $10 billion building its most advanced logic chipmaking plant in the US, a major investment it hopes will win more American clients and help it catch up with industry leader Taiwan Semiconductor Manufacturing Co. The world’s largest memory chip and smartphone maker is in discussions to locate a facility in Austin, ...

Bloomberg Indonesia sees downside risks for economic growth in the first quarter as the government imposed more restrictions to curb a worsening coronavirus outbreak, said the finance minister. The first quarter is “very tough,” Finance Minister Sri Mulyani Indrawati said in an interview with Bloomberg Television. “We hope in February and March we can still catch up despite the January ...

Bloomberg The US State Department urged China to engage in dialogue with Taiwan’s democratically elected representatives and cease putting military, diplomatic and economic pressure on the island. The US statement came as Taiwan said a fleet of 13 Chinese military planes, including eight H-6K bombers, entered its air defense identification zone, in an apparent stepping up of Beijing’s almost constant ...

Bloomberg President Joe Biden is discovering the limits of his power to boost world’s largest economy on his own, as congressional opposition to his sweeping stimulus plan hardened soon after he was inaugurated. While publicly urging Congress to swiftly pass his $1.9 trillion proposal — warning of rising unemployment, hunger and homelessness if lawmakers don’t act — Biden issued more ...

Bloomberg Prime Minister Boris Johnson pledged to do “whatever it takes” to help UK workers through the pandemic, in a further sign the government will extend its job support plan. Asked whether the furlough program would be extended past April if the UK remained under lockdown, Johnson said the government would “support livelihoods” as it had done through the crisis. ...

Bloomberg Germany cut its prediction for economic growth as the extension of coronavirus lockdowns hits activity at the start of the year. The government now expects a 3% expansion in 2021, down from 4.4% forecast at the end of October, according to a person familiar with its annual economic report to be published next week. Economy Minister Peter Altmaier is ...