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Beeah group launches initiative to drive sustainable action

Sharjah / WAM Beeah Group, the region’s leading sustainability pioneer, officially launched Beeah Education to consolidate its several programmes driven to raise awareness and engage people and institutions in shaping a sustainable future. Khaled Al Huraimel, Group CEO of Beeah Group, and Hind Al Huwaidi, Managing Director of Beeah Education, joined partners and colleagues to commemorate the occasion at Beeah ...

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China boost for flagging world economy as reopening starts

  Bloomberg China’s sudden reopening is set to offer a boost to a flagging world economy. The growth impulse will be felt through services sectors such as aviation, tourism and education as Chinese people pack their bags for international travel for the first time since the pandemic. Tourism-reliant nations in Southeast Asia will likely be among the first to note ...

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China bad-debt firms plan property support of up to $24 billion

  Bloomberg Chinese financial regulators and the nation’s biggest bad-debt management companies plan to offer as much as 160 billion yuan ($24 billion) of refinancing support to high-quality developers in the first quarter, according to people familiar with the matter. Under the plan first announced on Friday with little details, the People’s Bank of China will channel 80 billion yuan ...

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Taiwan remains semiconductor leader as chip exports rise again

  Bloomberg Taiwan’s exports of integrated circuit chips rose in 2022 for a seventh consecutive year, further solidifying the economy’s leadership status in a global semiconductor industry that has been roiled by US-China tensions and diversifying supply chains. Exports of IC chips — which are pivotal components of electronic appliances, computers and smartphones — rose 18.4% from a year earlier, ...

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Marcos sees Philippine inflation easing

  Bloomberg Philippine President Ferdinand Marcos Jr. said he sees inflation that’s at a 14-year high easing as the government aims to boost agricultural output. “Inflation is high, so we’ll have to bring that down for the rest of the year, and I think it will,” Marcos said, according to a transcript of his media interview in Davos on Sunday. ...

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Didi wins okay to relaunch apps as China tech crackdown ebbs

  Bloomberg Didi Global Inc. has secured the green light to resume signing up new users, suggesting the worst is over for a ride-hailing giant that symbolized Beijing’s bruising campaign to rein in its powerful internet industry. The widely anticipated decision is one of the clearest signs yet that Xi Jinping’s administration, keen to jumpstart an economy that’s sagged under ...

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UAE launches $43.2b worth of eco-friendly energy projects

Abu Dhabi / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said the UAE has launched 11 environmentally-friendly energy projects worth AED159 billion ($43.29 billion) in 2022. In an interview with the Emirates News Agency (WAM), Al Mazrouei stated that the UAE’s clean energy production in 2021 totalled 7,035.75 megawatts (MW), underscoring the country’s pioneering efforts in the ...

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UAE, Serbia explore ways to boost bilateral cooperation

  Abu Dhabi / WAM President of Serbia, Aleksandar Vučić, has received HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, in the capital Belgrade. During the meeting, HH Sheikh Abdullah conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the President of Serbia and his wishes for more progress ...

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UN official hails Sheikha Fatima’s efforts in empowering women

  Abu Dhabi / WAM Martha Pobee, United Nations Assistant Secretary-General for Africa, hailed the efforts of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), Chairwoman of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF) (Mother of the Nation), in empowering Emirati women. Pobee also lauded the efforts ...

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Suqia board of trustees discuss plans for 2023

  Dubai / WAM The Board of Trustees of the UAE Water Foundation (Suqia UAE), under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives, discussed Suqia’s plans for 2023 in its meeting. The meeting was chaired by Saeed Mohammed Al Tayer, Chairman of the Board of Trustees, and in the presence of the board members, who included ...

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