Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday launched the Dubai Economic Agenda ‘D33’ with the ambitious goals of doubling the size of Dubai’s economy over the next decade, and consolidating its position among the top three global cities. HH Sheikh Mohammed ...
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Duphat to welcome top global pharma firms, manufacturers
Dubai / WAM The 28th edition of the Dubai International Pharmaceutical Technologies Conference and Exhibition – Duphat 2023, is set to take place next week for three days starting on January 10 at the Dubai World Trade Centre (DWTC). The largest pharmaceutical gathering in the Middle East and Africa will witness its largest event size to date as it expects ...
Read More »Sheikh Abdullah, Turkish foreign minister condemn storming of Al Aqsa Mosque
Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, made a phone call to Mevlüt Çavuşoğlu, Minister of Foreign Affairs of the Republic of Türkiye, during which they discussed the recent developments in Afghanistan and the storming of Al-Aqsa Mosque. HH Sheikh Abdullah and Çavuşoğlu discussed mutual concerns over ...
Read More »RTA’s express bus route to shuttle commuters between Dubai, Hatta
Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has launched an express bus route to shuttle commuters between Dubai and Hatta to support the public transport services to Hatta. At the same time, it launched another domestic bus route to operate within Hatta, which is experiencing extensive improvements in infrastructure and tourist facilities and services. The area boasts ...
Read More »â€˜Trends’ announces strategic work plan for 2023
Abu Dhabi / WAM Trends Research and Advisory Centre unveiled the main features of its Strategic Work Plan for 2023, which aims to firmly establish the centre’s international presence, its meaningful participation in shaping the future, and its role in spreading objective, research-based knowledge. The Strategic Work Plan for 2023 was reviewed in a work meeting between the CEO ...
Read More »NBF introduces CVVkey to tackle online card fraud
Fujairah / Gulf Time In a nationwide first, National Bank of Fujairah (NBF) on Wednesday announced the introduction of CVVkey, a proven solution to online card fraud that can be used across all credit and debit cards issued by the bank. CVVkey will be a key element in NBF’s efforts to improve cybersecurity across its operations and protect its ...
Read More »China hits pause on giant chip spending aimed at rivaling US
Bloomberg China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains the world’s No. 2 economy and Beijing’s finances. Top officials are discussing ways to move away from costly subsidies that have so far borne little fruit and encouraged both graft and American sanctions, people familiar with ...
Read More »India’s services sector rises at fastest pace in 6 months
Bloomberg Activity in India’s dominant services sector grew at its fastest pace in six months in December, buoyed by fresh business orders and signaling optimism about Asia’s third-largest economy. The S&P Global India Services Purchasing Managers Index rose to 58.5 last month from 56.4 in November 2022, data showed. Helped by a strong performance in the manufacturing sector, the composite ...
Read More »Panasonic plans to end rice cooker production in Japan
Bloomberg Despite being the birthplace of the humble rice cooker, a decline in appetites for the grain and cost savings to be found elsewhere are prompting Panasonic Holdings Corp to end production in Japan. Instead, the Osaka-based manufacturer will transfer production to the eastern Chinese city of Hangzhou by June 2023, according to media reports. The move by Panasonic, ...
Read More »Byju’s founder raising funds to buy back 15% of company
Bloomberg Byju Raveendran, the founder of the world’s most valuable edtech startup Byju’s, is in financing talks to lift his stake in the company to as high as 40%, people familiar with the matter said. The former teacher is seeking funding to finance the stake repurchases — which could amount to as much as 15% of the firm — ...
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