News

  Bloomberg China confirmed it’s narrowed how it defines a Covid death, adding weight to speculation that its strikingly low official tally is hiding the true picture of the chaos unleashed by this month’s abrupt pandemic pivot. The country will only count people who tested positive for Covid and died of respiratory failure as official virus deaths, Wang Guiqiang, a ...

  Bloomberg India’s biggest carmaker, Maruti Suzuki India Ltd, said government levies put vehicles beyond the reach of much of the population, adding to criticism of the country’s tax regime from Tesla Inc and Toyota Motor Corp. “Government policies are such that they treat cars as luxury products that need to be heavily taxed,” Maruti Chairman RC Bhargava said at ...

  Bloomberg Taiwan’s export orders plummeted by the most since the height of the global financial crisis more than a decade ago, a sign of worsening global demand for technology products. Overseas orders to Taiwanese firms fell 23.4% in November from a year earlier, according to a statement from the Economics Ministry. That was almost double the 12.8% drop economists ...

  Bloomberg After the worst year for initial public offerings (IPO) in Hong Kong since the financial crisis, bankers and analysts expect a recovery in listings in the Asian financial hub as China moves forward with reopening plans. Proceeds raised in the city totalled $12.9 billion in 2022, down 70% versus last year, outpacing the 29% contraction in the Asia ...

Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industry company in the UAE outside of oil and gas, has agreed to supply CelestiAL solar aluminium to Kobe Steel to make automotive body sheet for Nissan The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling mills in Japan. ...

  Abu Dhabi / WAM The United Arab Emirates was announced as the host of the 13th Ministerial Conference (MC13) of the World Trade Organisation (WTO). The foremost deliberation body of the WTO, which meets once every two years, will be coming to Abu Dhabi in the first quarter of 2024, placing the UAE at the heart of the conversations ...

  Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, approved the Ajman Government’s public budget worth AED2.920 billion, a rise of 21 percent compared to last year’s budget, which is deemed the largest in the emirate’s history. HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman ...

  Abu Dhabi / WAM The Abu Dhabi Investment Office (Adio), in collaboration with the Department of Municipalities and Transport (DMT), has selected French consortium EDF (Eléctricité de France) and Engie to deliver Phase 2 of its Road Lighting LED public-private partnership (PPP) project. DMT has signed a partnership agreement with Nojoom, a joint venture between EDF and Engie, to ...

  Sharjah / WAM Sharjah and Belgium scoped out new partnership avenues and opportunities during a meeting which saw the presence of Sheikh Majid Al Qasimi, Director of the Department of Government Relations (DGR) in Sharjah, and Antoine Delcourt, ambassador of the Kingdom of Belgium to the UAE. During the meeting, the director briefed the delegation on DGR’s initiatives that ...

Abu Dhabi / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court and Chairman of the Board of the Emirati Talent Competitiveness Council has launched the first cycle of ‘Nafis Award’ for the year 2022-2023. The award aims to recognise private sector establishments that have excelled in hiring UAE nationals and fostered ...