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UAE issues new law to facilitate space sector development

ABU DHABI / WAM The UAE Space Agency has announced the details of the new UAE Space Law issued by President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The announcement was made during an introductory workshop for the UAE Space Law, organised by the UAE Space Agency and held in Abu Dhabi. Previously, the law was passed by the ...

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Xi sounds alarm over virus outbreak at party’s doorstep

Bloomberg President Xi Jinping urged China to “spare no effort” to contain the coronavirus outbreak in Beijing, as the nation’s top legislature postponed its annual legislative session in the capital to help check the disease’s spread. Xi issued his warning in a conference call attended by more than 170,000 government and ruling party officials — the biggest of its kind ...

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South Korea braces for economic pain

Bloomberg South Korea warned its fragile economic recovery is under threat from the coronavirus that has spread dramatically across the country over the past week, and pledged action to minimise the fallout. The country’s currency and the main stock index plunged. The epidemic poses a “large concern that it will limit the trend of economic recovery started late last year,” ...

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German business sentiment not shaken by virus concerns

Bloomberg The mood among German business hasn’t being dramatically shaken by the coronavirus outbreak, suggesting they see a short-term impact that won’t overly disrupt a pickup in 2019. The closely watched IFO confidence index unexpected rose this month, as did a measure of expectations. The increase comes as executives wait to see if authorities can get the outbreak under control ...

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Netflix’s Russia rival hires Goldman to study deals

Bloomberg Ivi.ru, Russia’s largest streaming platform, hired Goldman Sachs Group Inc to study options to fund the firm’s growth, according to the firm’s chief executive officer. “These could be private placement, strategic alliances or an IPO,” Oleg Tumanov, Ivi’s founder and CEO, said in an interview in Moscow. “We need funding to produce our own content and keep growing faster ...

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France warns of UK blackmail as EU prepares for negotiation

Bloomberg France warned British Prime Minister Boris Johnson not to use “blackmail” to secure a trade deal as European Union member states prepare to finalise their negotiating position, allowing talks between the two sides to begin next week. Ministers from the bloc’s 27 national governments will meet on Tuesday in Brussels, where they are expected to sign off on the ...

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Malaysia’s Mahathir resigns amid turmoil in coalition

Bloomberg Malaysian PM Mahathir Mohamad abruptly submitted his resignation to the king on Monday and his party exited the ruling coalition, kicking off a race to form the next government of the Southeast Asian nation. The statement from Mahathir’s office contained no other details. It was unclear whether Mahathir would form a new coalition with other political parties, whether his ...

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UAE unveils first locally-made drone ‘Garmousha’ at Umex

ABU DHABI / WAM Adasi, the regional leader in autonomous systems and services, on Sunday launched the first UAE-made high-performance “Garmousha” vertical take-off and landing drone, in an agreement with the General Headquarters of the UAE Armed Forces. His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, unveiled the new unmanned system at ...

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UAE preserves global heritage from destruction, negligence

Abu Dhabi / WAM Ten world historical landmarks are witness to the UAE’s efforts to conserve and protect global heritage sites at risk of loss as a result of human conflict, natural disasters and climate change, urbanisation and negligence. The landmarks restored by Emirati support include the Dome of the Rock; Umar ibn al-Khattab Mosque; Church of the Nativity in ...

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Abu Dhabi attracts 11.35mn international visitors in 2019

ABU DHABI / WAM Figures collated by the Department of Culture and Tourism – Abu Dhabi (DCT) Abu Dhabi, revealed that the number of international visitors coming to the UAE capital in 2019 is estimated to have reached 11.35 million, including 2.83 million overnight and 8.53 million same-day visitors, and is a 10.5 percent increase over 2018. The final figures ...

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