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  Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved the emirate’s general budget for 2023 with total expenditures amounting to nearly AED32.2 billion. The general budget for the year aims to achieve financial sustainability and enhance the economic competitiveness of the emirate. This budget was based on strengthening ...

  Dubai / WAM The Dubai Foundation for Women and Children (DFWAC) has signed a partnership agreement with J5 Rimal Hotels to boost their cooperation and coordinate their efforts to protect women’s and children’s rights. The agreement was signed by Ibrahim Owghan, Director of Corporate Support, and Kinan Al Ghraoui, CEO, J5 Rimal Hotels, in the presence of senior officials ...

  Bloomberg The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research (CEBR). The global economy surpassed $100 trillion for the first time in 2022 but will stall in 2023 as policy makers continue their fight against soaring prices, the ...

  Bloomberg China’s economy continued to slow in December as the massive Covid-19 outbreak spread across the country, with activity slumping as more people stay home to try and avoid getting sick or to recover. Bloomberg’s aggregate index of eight early indicators showed a contraction in activity in December from an already weak pace in November and the outlook is ...

Bloomberg China sent 71 warplanes near Taiwan as a part of its biggest display of military might since US House Speaker Nancy Pelosi visited the democratically run island, with Taipei accusing Beijing of “military intimidation.” The Ministry of Defense in Taipei said the flights included 47 Chinese military aircraft that crossed either the median line of the Taiwan Strait or ...

Sharjah / WAM Expo Centre Sharjah (ECS) has revealed that the 18th edition of the SteelFab 2023, the largest event of its kind in the Middle East and North Africa region, will see the participation of more than 200 local and international exhibitors from 33 countries representing eminent international manufacturers, suppliers and 400 major global brands of metalwork industry. The ...

Rabat / WAM A delegation from the Executive Office for Control and Non-Proliferation (EOCN), headed by Rashid Al Mannai, Director of the Targeted Financial Sanctions Department, met with members of the National Committee in charge of implementing United Nations Security Council resolutions in the Kingdom of Morocco. The committee was represented by Hicham Mellati, Director of Criminal Affairs and Pardons ...

Sharjah / WAM Sharjah Investment and Development Authority (Shurooq)’s family-friendly destinations in coordination with the Sharjah Commerce and Tourism Development Authority are set to ring the New Year with colorful lights; from fireworks displays to amazing dining experiences to exclusive shows, each destination has specially curated events this year. Celebrating the 10th anniversary, Al Majaz Waterfront will have breathtaking eight-minute ...

Bloomberg Nio Inc founder and Chief Executive Officer William Li said the Chinese EV maker may face a challenging first half as a cut in government subsidies and the broader economic slowdown erode local demand in the world’s largest new-energy vehicle market. Customers are likely to try place orders before the end of the year, when the national subsidies for ...

Bloomberg With Russia’s invasion now into its 11th month, President Vladimir Putin said the absence of talks to stop the war is not Moscow’s fault. “It’s not we who refuse negotiations, but they,” Putin said in a TV interview. Russia is prepared to discuss “acceptable outcomes,” he added. Air alerts sounded across Ukraine after Russian fighter jets, including one capable ...