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ATHENS / WAM Greece has congratulated the governments of the UAE and Israel on the historic peace accord. A statement released by Ministry of Foreign Affairs of Greece said that this agreement – concluded between two close partners of Greece with the pivotal and constructive support of the US – constitutes a victory for diplomacy and an important step towards ...

Dubai / WAM During a meeting with the “Artificial Intelligence, Digital Economy and Teleworking Applications Team,” His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stated, “Our priorities are the development of the digital economy that will contribute to our national economy, reinforce the country’s smart infrastructure, ensure our digital ...

Abu Dhabi / WAM The Emirates Mars Mission (EMM) the first interplanetary mission undertaken by an Arab nation, on Monday announced the successful completion of TCM1 – its first trajectory correction manoeuvre and a major milestone for the mission as the Mars Hope probe continues its seven-month journey to Mars. The manoeuvre marks the first firing of the Mars Hope ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) has issued a new circular allowing owners of cinemas inside shopping malls across Abu Dhabi to resume operations and open their doors to the public provided they comply to the precautionary measures being implemented to curb the spread of coronavirus (Covid-19). In a statement by the Added on ...

Dubai / WAM Dubai Customs reported a 23% growth in the value of Dubai’s foreign trade of sterilizers and disinfectants, which reached AED 70 million during the first half of this year, compared to AED 56.8 million in the corresponding period last year. Last June saw the highest rise in sterilisers trade by 95% to record AED18 million from AED9.8 ...

Bloomberg India’s latest set of incentives to entice businesses moving away from China seem to be working, with companies from Samsung Electronics Co to Apple Inc’s assembly partners showing interest in investing in the South Asian nation. Prime Minister Narendra Modi’s government in March announced incentives that make niche firms — electronics manufacturers — eligible for a payment of 4%-6% ...

Bloomberg Japan’s economy suffered a record contraction last quarter as a state of emergency and lockdowns in the country’s major export markets hammered consumer spending, production and exports. A recent uptick in infections threatens to slow the recovery. Gross domestic product contracted an annualised 27.8% in the three months through June from the previous quarter, the Cabinet Office reported on ...

Bloomberg Thailand’s economy contracted the most in more than two decades, deepening its recession as the nation’s key drivers of trade and tourism remain hobbled by the global coronavirus pandemic. Gross domestic product (GDP) shrank 12.2% from a year ago, the National Economic and Social Development Council said on Monday, its biggest decline since the Asian financial crisis in 1998. ...

Bloomberg China’s economic recovery continued in July with industrial growth remaining steady, even as weak retail sales undercut the rebound. Industrial output rose 4.8% in July from a year earlier, the same as in June, but lower than economists’ expectations. Overall retail sales fell 1.1%, compared to a projected 0.1% increase. The July data show that China’s recovery is still ...

Bloomberg Singapore could consider opening its borders to tourists in an effort to attract more traffic into its once-bustling airport. The city-state could unilaterally allow passengers from certain countries or regions that have kept virus cases at similar or lower levels than Singapore, Ong Ye Kung, the newly appointed transport minister, said in a speech to his staff, without naming ...