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Bloomberg The technological level of China’s exports increased through the trade war with the US, according to a new ranking, which predicts the Chinese economy will grow faster than India’s over the next decade. China ranked 16th globally when judged by the complexity of its exports in 2019, moving up three places ahead of countries including Ireland since the onset ...

Bloomberg Indonesia has reached a grim milestone as more than 100,000 people died from the coronavirus, becoming the second country in Asia to breach that threshold. After weeks of topping the world’s tally of daily Covid-19 deaths, Southeast Asia’s largest economy added 1,747 fatalities on Wednesday, according to data from the health ministry, bringing its total number to 100,636. Indonesia ...

Bloomberg The Afghan government is too weak to win a negotiated settlement without a new military strategy, the US envoy to the war-ravaged country said. “The situation is very concerning, and our expectation is that both the government and the Talibs would focus on a political settlement,” Zalmay Khalilzad, the US special representative for Afghanistan, said at the Aspen Security ...

ABU DHABI / WAM Etihad Rail, the developer and operator of the UAE’s National Rail Network, has signed a strategic partnership agreement with Western Bainoona Group. Etihad Rail will deliver rail freight services to the Group for their construction materials from Western Bainoona Group’s facilities in Fujairah to Abu Dhabi and Dubai. The agreement comes following the directives of HH ...

DUBAI / WAM Dubai’s business events sector continues to build on its momentum as one of the first cities in the world to reopen for international meetings, with a busy calendar of high profile conferences, meetings and incentives on the horizon through the rest of 2021 and into 2022. Following on from the resumption of international tourism to the city ...

ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies; and PT PJBI, a subsidiary of Indonesia’s state-owned electricity company PT PLN, announced on Tuesday that financial close has been achieved on the Cirata Floating Photovoltaic Power Plant project and construction work has begun. Financing for the project — Indonesia’s first floating solar power plant — was ...

ABU DHABI / WAM The UAE Financial Intelligence Unit (FIU) has signed a Memorandum of Understanding (MoU) with the China Anti-Money Laundering Monitoring and Analysis Centre (CAMLMAC) to facilitate international cooperation on the exchange of intelligence concerning anti-money laundering and combatting the financing of terrorism. The signing of this MoU is in line with the objectives of the UAE and ...

Bloomberg Singapore Prime Minister Lee Hsien Loong again warned the US and China to deescalate tensions, saying both powers presumed incorrectly they would win in any conflict. “The reality is, neither side can put the other one down,” Lee said on Tuesday, speaking by video link to the Aspen Security Forum. “I think that is a possible misunderstanding on both ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (ADDED) announced that the Abu Dhabi Government reduced the requirements for starting a new commercial business by 71 percent. In April 2021, a special task force, led by ADDED and launched as part of the department’s Investor Journey Programme, coordinated with more than 20 government entities and the private ...

ABU DHABI / WAM The UAE-Jordanian Parliamentary Friendship Committee on Monday held a remote meeting to discuss ways of enhancing cooperation between the Federal National Council (FNC) and the Jordan’s House of Representatives. The meeting was attended by members of the FNC and the Parliamentary Friendship Committee with Arab Parliaments, including Shaza Saeed Al Naqbi, Head of the Committee. The ...