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DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, and Chengdu Hi-Tech Industrial Development Zone, one of China’s world-class high-tech parks, signed an MoU to boost cooperation between the UAE and China. Sanjeev Dutta, Executive Director – Commodities and Financial Services (DMCC), and Chen Hongtao, Deputy Director of Chengdu Hitech ...

FUJAIRAH / WAM His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, has continued his inspection tour in a number of areas in the Emirate of Fujairah, to inspect the living conditions of the citizens. His Highness Sheikh Hamad stressed the country’s keenness to continuously communicate with its citizens, inspect their conditions, and monitor ...

Abu Dhabi / WAM Abu Dhabi Sustainability Week 2020 will begin a new decade of ambitious global work to achieve the United Nation’s Sustainable Development Goals (SDGs), for 2030. With the start of a new decade, Abu Dhabi Sustainability Week is a key event in the world of sustainability, as it gathers specialists and experts from around 175 countries and ...

ABU DHABI / WAM Denmark has selected the United Arab Emirates as its only partner in the Middle East for its Carbon Diplomacy, a top Danish diplomat told the Emirates News Agency, WAM. “A significant aspect in bilateral relations is the importance Denmark attaches to the UAE with regard to cooperation in energy, environment and climate change,” Franz-Michael Skjold Mellbin, ...

Bloomberg Tesla Inc kicked off production in China, marking a major step in Chief Executive Officer Elon Musk’s global push for electric-vehicle domination and heralding what could be the dawn of real competition in the world’s largest EV market. Musk presided over a ceremony on Tuesday at a new multibillion-dollar plant near Shanghai — its first outside the US — ...

Bloomberg Japanese prosecutors have obtained an arrest warrant for Carole Ghosn, the wife of Carlos Ghosn, the latest move by the country to contain the fallout from the former auto executive’s daring escape from trial a week ago. Prosecutors issued a statement announcing the warrant on Tuesday. The action means Carole, who is now in Lebanon with Ghosn, could be ...

Bloomberg Philippine President Rodrigo Duterte is giving Manila water providers the option of accepting new contracts written by the government — or see the state take over in areas where they operate. Duterte decided to offer new agreements to Manila Water Co and Maynilad Water Services Inc after being presented with legal options on the water contracts at a Monday ...

Bloomberg The value of China’s foreign-currency holdings edged up in December due to valuation effects and a possible easing of capital outflows due to a stronger yuan. Reserves climbed to $3.1079 trillion from $3.0956 trillion in November,People’s Bank of China said. The reading is slightly lower than median estimate of $3.11 trillion in a Bloomberg survey. “Capital outflow pressures may ...

Bloomberg Samsung Electronics Co’s experimental research arm has brought to CES 2020 a demonstration of what it calls the world’s first artificial human, a virtual simulation of a human intelligence that learns, converses and sympathizes like a regular person. Each simulated human — which would exist only on screens, not in the real world — would be called NEON, and ...

Bloomberg Landlords in Hong Kong, a city with some of the highest commercial rents in the world, are staring down the barrel of a tough year. Anti-government protests that started in mid-2019 have taken their toll on shop and office owners. Large-scale protests in popular shopping districts and a slump in tourists have made it increasingly difficult for retailers. According ...