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Dubai / WAM With less than 10 days to go until it opens its doors to the world, Expo 2020 Dubai on Tuesday launched its official song. Titled, “This Is Our Time,” the song highlights pride in the UAE’s culture, celebrates the future and brings together nations from around the world, while conveying the story of Expo’s overarching theme of ...

Bloomberg Prime Minister Justin Trudeau won a third term in Canada’s snap election though fell short of regaining the majority he was seeking, forcing him to rely on smaller parties in another fragmented parliament. Trudeau’s Liberal Party was elected or leading in 158 of the 338 seats in the House of Commons, with 99% of the polls reporting. That’s one ...

ABU DHABI / WAM AD Ports Group, the leading global driver of trade and logistics, signed a Memorandum of Understanding (MoU) with the General Company for Ports of Iraq (GCPI) to promote increased cooperation between the two organisations within the fields of transportation and maritime. Facilitated during a visit of a high-level delegation led by the Iraqi Minister of Transportation, ...

Dubai / WAM A total of 16,000 new companies joined Dubai Chamber in the first eight months of 2021, bringing its total membership to over 275,000, a year-on-year growth of 68.5 percent. The value of ATA Carnets, international customs documents that permit temporary import of duty-free and tax-free goods, issued by Dubai Chamber and received by the country, between January ...

Beirut / WAM The UAE Embassy in Beirut has held a virtual seminar entitled, “The Importance of the Human Fraternity Document to Research and Academic Work.” The seminar was attended by Prof Roula Talhouk, Director of the Islamic Christian Research and Documentation Centre (CEDIFR), at the Saint Joseph University of Beirut; and Dr Bilal Orfali, Sheikh Zayed Professor for Arabic ...

Al Ain / WAM Researchers at the United Arab Emirates University (UAEU) have made an unprecedented scientific advance that has the potential to revolutionise the water desalination industry. Scientists in the university’s National Water and Energy Centre have invented a new desalination system that dramatically reduces energy consumption during the desalination process. The low-energy desalination system has been granted a ...

Bloomberg Cars24 Services Pvt is raising $450 million in equity and debt from SoftBank Group Corp and other investors, underscoring growing demand for used vehicles as Covid disruptions and systemic chip shortages crimp auto production. The round values India’s largest used-car site at $1.84 billion, almost doubling from the end of last year. SoftBank, DST Global and Falcon Edge Capital ...

Bloomberg Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city. In a consultation paper, Hong Kong Exchanges & Clearing Ltd proposed that special purpose acquisition companies would need to raise at least HK$1 billion ($128 million) when listing and that retail investors would be barred from participating. ...

Bloomberg France isn’t the only country upset about a new security pact between the US, UK and Australia: Some Southeast Asian nations are also worried the partnership could provoke China and spur a regional arms race. The so-called Aukus partnership, which will help Australia acquire nuclear-powered submarines, prompted China last week to warn of an arms race in a region ...

Bloomberg UK Prime Minister Boris Johnson said unprecedented surge in natural gas prices is a “temporary” problem caused by the global economy bouncing back after the pandemic, arguing a “phenomenal demand for gas” in Asia has affected UK supplies. “I want to give a general reassurance that the problems we’re seeing are temporary,” Johnson told reporters travelling with him to ...