News

  Bloomberg Russia may reduce its oil output by 500,000-700,000 barrels a day in early 2023 in response to the Group of Seven’s price cap on the nation’s crude exports, according to Deputy Prime Minister Alexander Novak. “We are ready to partially cut our production early next year,” he said in an interview with Rossiya-24 TV channel, adding the volumes ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) opened on Sunday Phase I of the Sheikh Rashid bin Saeed Improvement Corridor Project extending from the intersection of Ras Al Khor with Dubai-Al Ain Road (Bu Kadra intersection) to the intersection of Ras Al Khor Road with Nad Al Hamar Road. Works included widening the road from three to ...

Sharjah / WAM Expo Centre Sharjah (ECS) has revealed that the 18th edition of the SteelFab 2023, the largest event of its kind in the Middle East and North Africa region, will see the participation of more than 200 local and international exhibitors from 33 countries representing eminent international manufacturers, suppliers and 400 major global brands of metalwork industry. The ...

Rabat / WAM A delegation from the Executive Office for Control and Non-Proliferation (EOCN), headed by Rashid Al Mannai, Director of the Targeted Financial Sanctions Department, met with members of the National Committee in charge of implementing United Nations Security Council resolutions in the Kingdom of Morocco. The committee was represented by Hicham Mellati, Director of Criminal Affairs and Pardons ...

  Dubai / WAM The Dubai Police, represented by the General Department of Traffic, benefited 10,140,892 people with traffic campaigns on social media platforms over the last three years. These statistics were revealed during the General Department of Traffic annual inspection conducted by Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police, in the presence of Major General Ali ...

  Abu Dhabi / WAM The United Arab Emirates announced that it is sending about 2,500 household generators to civilians affected by the ongoing crisis in Ukraine that has disrupted energy infrastructure and caused power outages, with the objective of helping them survive the harsh winter conditions. The assistance comprises 2,500 household generators, each with a power output of between ...

Sharjah / WAM Sharjah Investment and Development Authority (Shurooq)’s family-friendly destinations in coordination with the Sharjah Commerce and Tourism Development Authority are set to ring the New Year with colorful lights; from fireworks displays to amazing dining experiences to exclusive shows, each destination has specially curated events this year. Celebrating the 10th anniversary, Al Majaz Waterfront will have breathtaking eight-minute ...

Bloomberg Nio Inc founder and Chief Executive Officer William Li said the Chinese EV maker may face a challenging first half as a cut in government subsidies and the broader economic slowdown erode local demand in the world’s largest new-energy vehicle market. Customers are likely to try place orders before the end of the year, when the national subsidies for ...

  Bloomberg India will review rules to clarify how it will tax foreign companies that provide digital services such as internet advertising, online education, media streaming, news subscriptions and data storage. Currently, even if they have no other taxable presence in India, foreign service providers must pay an 18% goods and services tax if their offerings are largely automated, involve ...

  Bloomberg The Covid-19 outbreak that’s hitting China is being caused by strains of the virus that have already circled the world, with no signs yet of significant new mutations emerging, according to officials at a global consortium that’s tracking the pandemic. Chinese authorities submitted 25 new genetic samples from Beijing, Inner Mongolia and Guangzhou taken in the past month ...