News

  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 ...

  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, ...

  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. ...

  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 ...

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 ...

  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 ...

  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 ...

  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 ...

  Dubai / Gulf Time Emirates is continuing its restoration of operations in Australia with the introduction of an additional daily service to Brisbane. This comes as the airline proudly celebrates 20 years of serving Brisbane, one of Emirates’ four Australian gateways in its global network. Starting June 1, Emirates will operate the second daily flight to and from Brisbane ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Yoon Suk Yeol, President of the Republic of Korea, attended the exchanging and announcing of several agreements and memoranda of understanding (MoUs) to develop cooperation in various fields in light of the distinguished strategic ties binding the two countries. The agreements and MoUs announced included an ...