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  Abu Dhabi / WAM Under the directive of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Court, on Thursday appointed Dr Sultan Ahmed Al Jaber as President-Designate for the 28th Conference of the Parties (COP28). Shamma Al Mazrui, UAE Minister of State for Youth ...

  Abu Dhabi / WAM Khalifa Shaheen Al Marar, Minister of State, met with Dr Mahdi Safari, Deputy Foreign Minister for Economic Diplomacy of the Islamic Republic of Iran, and an accompanying economic delegation at the headquarters of the Ministry of Foreign Affairs and International Cooperation in Abu Dhabi. A series of meetings was held to discuss the potential for ...

  Bloomberg Taiwan Semiconductor Manufacturing Co. is bracing for weaker-than-expected sales by reducing spending, deepening concerns the technology industry’s slump is yet to bottom. The chip giant signaled this quarter could mark its first revenue drop in four years. But executives forecast slight growth for the full year on an expected recovery in demand for server chips. The company is ...

Bloomberg Infosys Ltd. raised its annual sales forecast, remaining upbeat on enterprise clients’ need to upgrade their software and shrugging off fears of a global economic downturn. Infosys said on Thursday it expected revenue to grow between 16% to 16.5% in the year to March, compared with the 15% to 16% growth it projected in October. Analysts on average expect ...

  Bloomberg Hong Kong has returned to the top five Asia-Pacific investment destinations by property consultancy CBRE for the first time since 2020, thanks to an expected pandemic recovery and low pricing. The report on real estate investor intentions for 2023 showed the Asian financial hub came in at number five after Tokyo, Singapore, Ho Chi Minh City and Sydney ...

  Bloomberg An expansion of Tesla Inc.’s plant in Shanghai has been delayed, according to people familiar with the matter, over data concerns that risk putting a roadblock in the way of the US electric-car maker’s ambition to keep growing in China. The so-called phase-three expansion originally slated to start mid-year would have seen the plant’s capacity double to around ...

  Bloomberg Fosun International Ltd. is weighing a sale of International Gemological Institute in a deal that could value the diamond-grading firm at about €200 million ($215 million), according to people with knowledge of the matter. The Chinese conglomerate is working with Deutsche Bank AG on the potential divestment of the Antwerp, Belgium-based institution, said the people, who asked not ...

  Bloomberg Malaysia, the world’s second-biggest palm oil producer, will consider halting exports to the European Union in retaliation for the bloc’s new deforestation regulation, according to the country’s deputy prime minister. The regulation is an act to block market access for palm oil and Malaysia will discuss with Indonesia — the top producer and exporter — about the option ...

DUBAI / WAM Emirates NBD has announced the successful pricing of its inaugural AED1 billion dirham-denominated bond, the first such issue by a UAE bank. The group’s bond sale will support the further development of a medium-term bond yield curve and facilitate access to financing for UAE corporations. The three-year bond saw strong demand, with the order book peaking at ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to Sultan Haitham bin Tariq Al Said of Oman, on the anniversary of his accession to power. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, dispatched a similar message ...