News

Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has issued the Ministerial Resolution No. 663 of 2022 regarding compliance with Emiratisation regulations in the private sector. The resolution stipulates controls for compliance with the Emiratisation systems, job advertisements, and employer obligations when hiring a UAE national, and in return, enabling the national to perform his/her work ...

Moscow / WAM A delegation from the Emirates News Agency (WAM), headed by Mohammed Jalal Al Rayssi, Director-General of WAM, discussed with officials from a number of major media institutions in Russia, boosting cooperation in the fields of news exchange, media training programmes, and sharing experiences. The meeting took place on the sidelines of WAM’s participation in the “Russia – ...

  Sharjah / WAM Under the patronage of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, Tunisia will host the activities of the Kairouan Festival of Arabic Poetry in its seventh edition, from December 23-25, at the House of Wisdom in Carthage, in the presence of a large number of Tunisian and Arab ...

Abu Dhabi / WAM The Sheikh Zayed Book Award (SZBA) at the Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced the translation of nine new books into five languages. As part of the SZBA’s Translation Grant, the Arabic books have been translated into English, French, Italian, ...

  Bloomberg A subsidiary of Taiwan’s Hon Hai Precision Industry will dispose of its indirect minority stake in China’s semiconductor giant Tsinghua Unigroup, the latest sign that Beijing’s chip industry is becoming increasingly isolated from the rest of the world. Hon Hai’s China-listed Foxconn Industrial Internet will sell the shares to Yantai Haixiu IC Investment Center for not less than ...

  Bloomberg China’s economic growth will accelerate in next year as stimulus policies take effect, CCTV reported, citing a senior planning official. Existing pro-growth measures will be kept in place and more policies to boost the economy will be added, Han Wenxiu, an official at the Communist Party of China’s central financial and economic affairs commission, told a forum. So ...

  Bloomberg Investment giant Hillhouse Capital is consolidating its two Singapore locations by moving to one of the city-state’s most premier office buildings overseeing the Marina Bay skyline, according to people with knowledge of the matter. Hillhouse has signed a lease for the 28th floor of Marina Bay Financial Centre Tower 1, the people said, asking not to be identified ...

  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 ...