News

Dubai / WAM Asahi Yukizai Corporation held an opening ceremony for its Middle East operations at Dubai Airport Freezone (Dafza). The new office will play a key role in expanding the company’s business across the Middle East and North Africa region. The opening ceremony was hosted by Nasser Al Madani, Assistant Director-General at Dafza, Akima Umezawa Ph.D, Consul-General of Japan ...

Dhala / WAM The Emirates Red Crescent (ERC), again restored the National Cultural Library in Dhala Governorate, Yemen, after several years of closure, as part of its ongoing efforts to support and restore vital sectors in the country’s liberated governorates, coinciding with the Year of Zayed. Major General Ali Muqbel Saleh, Governor of Dhala, inaugurated the library, in the presence ...

Dubai / WAM Blockchain and cryptocurrencies are reshaping the global Islamic banking sector, and leading sharia-compliant banks are using disruptive technologies to create new financial products, according to industry experts who will gather in Dubai for the fourth edition of the Global Islamic Economy Summit (GIES), on October 30-31 . Being held under the patronage of His Highness Sheikh Mohammed ...

Dubai / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority-Land and Maritime (FTA), chaired the UAE delegation participating in the three-day fair for maritime navigation and ports in Ireland. The delegation includes representatives of the FTA, Abu Dhabi Ports, the Ports Authority in Sharjah, the Transport Department in Abu ...

Abu Dhabi / WAM Department of Health – Abu Dhabi (DoH), has called on interested investors to review its recently released Healthcare Capacity Master Plan (HCMP), and get acquainted with available investment opportunities in the healthcare sector. The announcement is part of DoH’s ongoing efforts to spur investment opportunities for the further development and expansion of the healthcare capacity and ...

Dubai / WAM Visitors from around the world will be wowed by the German Pavilion that will take them on a unique and exciting educational journey through a ‘world of sustainability’ at Expo 2020 Dubai. The design of the pavilion and its theme, ‘Campus Germany’, were revealed on Wednesday at an event in Dubai, attended by Ernst Peter Fischer, Ambassador ...

Bloomberg Alibaba Group Holding Ltd. co-founder Jack Ma cautioned China’s business and political leaders to prepare for the trade war with the US to last longer and have a bigger impact than most people think. China’s richest man said the dispute could last 20 years and persist beyond the presidency of Donald Trump, as the world’s two strongest economic powers ...

Bloomberg China’s holdings of US Treasuries fell to a six-month low in July, just as a trade war between the world’s two largest economies began heating up. China’s ownership of US bonds, bills and notes slipped to $1.17 trillion, the lowest level since January and down from $1.18 trillion in June, according to data released by the Treasury Department. Japan, ...

Bloomberg SK Holdings Co. is acquiring the largest foreign stake in Masan Group Corp. for about $470 million, in a deal that will value the Vietnamese diversified business group at about $5 billion. The South Korean group, which has businesses ranging from telecommunications to service sectors, will buy Masan Group’s entire 109.9 million treasury shares for $4.29 each, the companies ...

Bloomberg Chinese art and antiquities have been spared from President Donald Trump’s tariffs. At least so far. Trump ordered his administration to impose 10 percent tariffs on $200 billion in Chinese goods next week and to raise the rate to 25 percent in January if Beijing refuses to offer trade concessions. Among items removed from the initial list of goods ...