News

Bloomberg Activity in Japan’s manufacturing sector contracted at the fastest clip in seven months in September, according to the latest PMI data, as US-China trade tensions continued to cloud the global outlook. The Jibun Bank Purchasing Managers Index fell to 48.9 from 49.3 in August, matching the lowest reading since 2016. The latest release comes with the Bank of Japan ...

Bloomberg Xiaomi Corp introduced its first phones compatible with the latest, fifth-generation cellular technology in China, as the country’s once-biggest smartphone maker prepares for an uphill battle against domestic rival Huawei Technologies Co. At an event in Beijing, billionaire co-founder Lei Jun introduced the 5G-capable Mi 9 Pro, the latest of Xiaomi’s classic product line, and gave the world a ...

Bloomberg Indonesia’s economy is projected to expand at its fastest pace in seven years in 2020, despite the deteriorating global outlook and rising risks of recession abroad. The economy is forecast to grow 5.3 percent next year, according to the Indonesian parliament. Coming after the government twice revised down its growth forecast for this year, it would mark Indonesia’s fastest ...

ABU DHABI / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the National Media Council, said that relations between the UAE and Saudi Arabia set an exemplary model for brotherly relations in the region, reinforced by the leadership of both countries. In a statement on the occasion of the 89th Saudi National Day, the ...

ABU DHABI / WAM The Abu Dhabi-based global investment firm, Mubadala Investment Company, on Monday announced that it has signed an agreement to invest up to AED 1.84 billion ($500 million) in Cologix, the network-neutral interconnection and hyperscale edge data centre company, subject to various regulatory approvals. The transaction will provide significant investment for Cologix for growth in both the United ...

Abu Dhabi / WAM The United Arab Emirates is the largest donor for Yemeni people during the Humanitarian Response Plan from early 2019 through September 23, according to the United Nations Office for the Coordination of Humanitarian Affairs. The United Arab Emirate’s humanitarian assistance delivered to the brotherly people of Yemen, since 2015 through September 23 this year, amounted to ...

ABU DHABI / WAM Abu Dhabi will sell $10 billion of bonds in a three-part debt deal in its first international offering in two years as it takes advantage of relatively low borrowing costs. The oil-rich emirate is offering $3 billion in five-year fixed notes, $3 billion notes due 2029 and $4 billion in 30-year notes, according to a person ...

ABU DHABI / WAM The second group of 38 multinational Senior Reactor Operators (SROs), and Reactor Operators (ROs), of the Nawah Energy Company, have been officially certified by the Federal Authority for Nuclear Regulation (FANR), the UAE’s independent nuclear regulator. The total number of qualified operators now reached 53, well above the 32 required to operate Unit 1 at the ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE), on Monday announced that it had been mandated by one of the world’s largest fund managers to source and manage aircraft valued at approximately $1.4 billion. Dubai Aerospace Enterprise will acquire the assets, and its best-in-class Aircraft Investor Services (AIS), platform will manage the assets on behalf of the investor. The multi-year mandate will ...

Dubai / WAM The Mohammed bin Rashid Space Centre (MBRSC) has confirmed the installation of the Soyuz FG on the Baikonur Cosmodrome Launch Pad No. 1, in Kazakhstan, in preparation for the September 25 mission. The Soyuz FG will carry the Soyuz MS-15 spacecraft, in which Hazzaa Al Mansoori, the first Emirati astronaut, will be launched to the International Space Station. ...