Bloomberg Mahathir Mohamad may be at least temporarily out of power, but the 94-year-old leader isn’t going down without a fight. Mahathir’s abrupt resignation kicked off a week of horse-trading that saw his fortunes rise and fall by the hour. He said he had the numbers to form a government, but by late afternoon the king appointed Muhyiddin Yassin — ...
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Artificial intelligence to be key focus at ISNR Abu Dhabi 2020
ABU DHABI / WAM The 2020 edition of the International Exhibition for National Security and Resilience (ISNR) Abu Dhabi, is placing a strong emphasis on artificial intelligence, as it has become an accelerator in the identification and adoption of disruptive innovations and entrepreneurial opportunities within the national and cybersecurity sectors. The event — taking place from March 17-19, 2020 — ...
Read More »Ministry hosts first ‘Beharana’ marine scientific forum
DUBAI / WAM The Ministry of Climate Change and Environment (MOCCAE) hosted the first Beharana Marine Scientific Forum that provided a national platform for marine science experts to share knowledge and advance marine research. Salah Al Rayssi, Acting Assistant Undersecretary for the Biodiversity and Marine Life Sector at MOCCAE, said: “Our seas, or beharana in Arabic, hold immense cultural, economic, ...
Read More »Colombia is keen to enhance bilateral cooperation with UAE
ABU DHABI / WAM Ivan Duque Marquez, President of the Republic of Colombia, held a meeting with Sultan bin Saeed Al Mansouri, Minister of Economy, to discuss ways to develop both public and private sector cooperation between the two friendly countries. The meeting came within the framework of the official and business mission of the UAE delegation led by the ...
Read More »Sheikh Zayed Grand Mosque sees 6.6mn worshippers, visitors
ABU DHABI / WAM Over 6.6 million worshippers, tourists and residents visited the Sheikh Zayed Grand Mosque during the ‘Year of Tolerance’ last year. According to figures released by the Sheikh Zayed Grand Mosque Centre (SZGMC), the total number of individuals visiting the iconic mosque reached 6,656,818 in 2019. The SZGMC said that it had intensified its efforts to boost ...
Read More »Mahathir’s removal brings back old regime in Malaysia
Bloomberg Mahathir Mohamad failed in his bid to return to power in Malaysia, as the king approved a government dominated by Malay-majority parties in a monumental shift from the multiracial coalition that took power after a shocking election win two years ago. Muhyiddin Yassin, 72, was named prime minister on Saturday by the country’s monarch to end a six-day tussle ...
Read More »China is making progress in battle to get back to work
Bloomberg China is slowly starting to get back to work, as it battles the coronavirus outbreak that has killed more than 2,900 people and sickened tens of thousands. Government controls and the fear of going outside have curtailed spending, and many factories are still not working at full capacity due to a lack of staff, with workers still in their ...
Read More »Singapore to halve emissions by 2050
Bloomberg Singapore enhanced its pledge to reduce the amount of greenhouse gases it emits, saying it now aims to halve emissions from an expected peak in 2030 within the following two decades. The Southeast Asian city-state expects the emissions ceiling to be 65 million tons of carbon dioxide around 2030, Senior Minister Teo Chee Hean said in Parliament. That will ...
Read More »Virus overshadows Johnson’s post-vote UK economy bounce
Bloomberg The economic bounce from Boris Johnson’s Brexit breakthrough could be cut short as the coronavirus casts a pall on the nascent recovery. While there have been signs of a rebound in investment, retail sales and even house prices, Britain is an open economy that’s particularly susceptible to global events. The virus is already having an impact on the UK, ...
Read More »Brazil may cut GDP forecast amid coronavirus weakness
Bloomberg Brazil’s government is likely to cut its 2.4% growth forecast for the economy in 2020 to take into account the impact of the coronavirus in slowing global activity, a person familiar with the matter said. A lower-than-expected gross domestic product expansion would lead to reduced inflationary pressure, which may open some space for the central bank to cut the ...
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