News

  Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) Chief Executive Officer CC Wei warned of the dangers of excessive government export controls, which can erode mutual trust between countries. “Export controls and banning products from other foreign countries destroy productivity and efficiency gained under globalisation, or at least they reduce benefits offered by a free market,” Wei said at an industry ...

  Bloomberg Japanese companies are set to raise winter bonus payments by 9.7%, the largest gain since 1975, a survey by Nikkei newspaper reported. Steel makers led all industries in bonus increases, while semiconductors saw several companies reporting record profit led by strong demand. Disco Cor, a maker of precision processing equipment, paid Â¥3.16 million, the highest level among all ...

  Bloomberg Japan-based Idemitsu Kosan Co will aim to go ahead with the sale of a stake in an Australian coal mine, despite a surge in prices. The firm is in talks with several entities interested in acquiring its 85% stake in the Ensham mine in Queensland, said President Shunichi Kito, who didn’t elaborate on the parties involved or when ...

  Dubai / WAM The Executive Committee of the Abu Dhabi Fund for Development (ADFD) held its first meeting for 2022, chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, Vice Chairman of the ADFD Board of Directors, and Chairman of the Executive Committee. The virtual meeting was attended by Ahmed Ali ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to His Majesty King Hamad bin Isa Al Khalifa of Bahrain, on the occasion of the Kingdom’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also sent ...

  Sharjah / WAM Real estate transactions in the emirate of Sharjah during November increased to AED2.7 billion, compared to a monetary value of real estate transactions of AED1.9 billion the previous month, according to a report issued by the Sharjah Real Estate Registration Department (SRERD). The report indicated that 2,813 real estate transactions were carried out during the period, ...

Dubai / WAM Costa Cruises is consolidating its presence in Dubai with the arrival of ‘Costa Toscana’, the company’s latest flagship, which entered service only last March. Toscana called for the first time at Dubai Harbour, an extraordinary seafront district designed for a maritime lifestyle, set against the district’s unique backdrop, iconic vista and accessible location. On the occasion of ...

  Dubai / WAM The 28th edition of the Dubai Shopping Festival (DFS) opened with a dazzling lighting ceremony as part of Dubai Lights at The Pointe at Palm Jumeirah, followed by the night sky coming alive with a luminous firework display, awe-inspiring fountain show and immersive roaming parades. This season of the festival, which is on until January 29, ...

Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, on Friday announced the addition of Abu Dhabi Waste Management PJSC (Tadweer) to its energy and utilities portfolio. Tadweer was converted to a public joint-stock company (PJSC), and full share ownership was transferred to ADQ from the government of Abu Dhabi. Tadweer joins ADQ’s prominent energy and utilities ...

  Abu Dhabi / Gulf Time Khalifa Economic Zones Abu Dhabi – Kezad group, the integrated trade, logistics, and industrial hub of Abu Dhabi, on Friday announced the signing of a 50-year land lease agreement with speciality tissue manufacturer, Star Paper Mill, for the establishment of a new facility to manufacture recycled Kraft Paper Jumbo reels, diversifying the company’s product ...