News

  Abu Dhabi / WAM The UAE has strongly condemned the terrorist attack that took place in eastern Democratic Republic of the Congo (DRC) and killed more than 100 people. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed that the UAE expresses its strong condemnation of these criminal acts and its permanent rejection of all forms ...

  Sharjah / WAM Expo Khorfakkan is all set for the first edition of the Jewels of Emirates exhibition, which is to run from December 8-11 with the support of Sharjah Chamber of Commerce and Industry (SCCI) and the supervision of Expo Centre Sharjah (ECS). The event boasts a host of elite specialised Emirati companies and designers along with some ...

  Bloomberg Shanghai eased some of its Covid restrictions, joining other top-tier Chinese cities as authorities expand a shift towards reopening the economy after thousands of demonstrators took to the streets last weekend to voice their anger at China’s Covid policies. The financial hub will scrap PCR testing requirements to enter outdoor public venues such as parks as well as ...

Bloomberg South Korean President Yoon Suk-yeol asked his cabinet to be ready to issue an “imminent” return-to-work order on striking truck drivers in the oil and steel industries amid growing disruptions in the transporting of key materials in the global supply chain. The government should seek “every measure” to minimise inconveniences on companies and the public, Yoon said during his ...

Bloomberg GoTo Group’s post-IPO stock selloff makes it the worst performer among 11 tech and internet companies that raised more than $500 million in inaugural share sales this year. Shares of the Indonesian startup provider of food delivery services to fintech solutions are falling for a 10th straight session, taking losses since listing to 61%. The recent slide was triggered ...

  Bloomberg The Chinese Grand Prix will not take place in 2023 given the “ongoing difficulties stemming from Covid-19 situation,” Formula 1 says in a tweet. Formula 1 is assessing alternative options to replace the slot on the 2023 calendar and will provide an update in due course, the organisation said in a statement available on its website. The Covid-19 ...

  Bloomberg A Vietnamese internet startup that’s successfully defended its home market of 100 million people against global giants like Facebook is now going into attack mode. VNG Corp, Vietnam’s answer to Tencent Holdings Ltd with games, messaging, videos and music among its services, is accelerating its international expansion, co-founder Le Hong Minh said in an interview at its headquarters ...

  Abu Dhabi / WAM Coinciding with the UAE’s National Day, the December 2 marks the celebration of World Futures Day, which is adopted last year by the United Nations Educational, Scientific and Cultural Organisation (Unesco), in an initiative that reflects the global recognition of the UAE as a role model in shaping the future and the leading position it ...

  Dubai / WAM Amea Power, one of the fastest growing renewable energy companies in the Middle East, announced on Wednesday that it has achieved a financial close to deliver 1 gigawatts (GW) of wind and solar energy projects in Egypt. The landmark 500 megawatts (MW) wind and 500MW solar projects, represent $1.1 billion of investment into the Egyptian economy ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolences to Xi Jinping, President of the People’s Republic of China, over the death of Former President Jiang Zemin. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has dispatched ...