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Idex, Navdex see AED8.14b worth of deals on day two

  Abu Dhabi / WAM Tawazun Council, the independent government entity that works closely with the Ministry of Defence, security agencies and Abu Dhabi Police, to maximise value through acquisition systems, announced signing 12 deals, worth AED8.14 billion, with local and international companies on the second day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) 2023. ...

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Dubai Chambers’ membership grows 20% to 347,600 in 2022

Dubai / WAM Dubai Chambers on Tuesday unveiled a series of accomplishments for 2022 during a media briefing at its headquarters, demonstrating its diverse initiatives to support Dubai’s business community and dedication to realising its strategic goals in alignment with the city’s future development plans. Present at the event were Abdul Aziz Al Ghurair, the Chairman of Dubai Chambers, Omar ...

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UAE Search and Rescue team continues to train Syrian Civil Defence

  LATAKIA / WAM The UAE Search and Rescue team continues its practical exercises to qualify and train members of the Syrian Civil Defence in dealing with emergency cases professionally. During the training held in the Syrian governorate of Latakia, the participants received practical training related to civil defence work, especially in search and rescue operations. The course comes as ...

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Rakez supports F&B industry investors to expand in UAE

  Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez) is participating in the Gulfood exhibition to showcase its business solutions for global investors in the food and beverage (F&B) industry who want to establish and expand their operations in the UAE. With an aim to promote the F&B industry, Rakez regularly participates in the annual Gulfood exhibitions ...

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Sharjah, Costa Rica explore trade and food security collaboration

Sharjah / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, met with Manuel Tovar Rivera, the Minister of Foreign Trade and Investment of Costa Rica, to discuss strengthening collaboration between their respective regions. The parties discussed trade, food security, and the transportation of goods sector, with the aim of identifying ways to benefit ...

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UK’s surprise budget surplus gives Hunt room to maneuver

Bloomberg UK Chancellor of the Exchequer Jeremy Hunt has as much as £30 billion ($36 billion) for short-term giveaways in next month’s budget after the public finances came in far better than expected in January. Borrowing since the fiscal year that began in April is running £22 billion below the level forecast by the Office for Budget Responsibility in November, ...

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Microsoft ‘willing to address concerns’ to save $69bn deal

Bloomberg Microsoft Corp. headed into a showdown with European Union antitrust watchdogs by insisting its $69 billion takeover of Activision Blizzard Inc. will “bring more competition” for gamers but pledging to show willingness to address antitrust concerns. “I think we’ll make clear that our acquisition of Activision Blizzard will bring more games to more people on more devices and platforms ...

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Tesla undercuts average US car by $5,000 in EV shakeout

Bloomberg It’s never been this cheap to buy a Tesla. After a hopscotch of price cuts over the past month, Tesla’s Model 3 sedan now sells for $4,930 less than the average new vehicle sold in the US. That’s the cheapest price Tesla has ever had relative to the typical US vehicle, according to a new Bloomberg analysis. It’s a ...

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Putin halts nuke pact with US, vows to push war in Ukraine

Bloomberg President Vladimir Putin said Russia will suspend its observation of the New START treaty with the US, dealing a blow to the last accord limiting their nuclear arsenals, as he vowed to press on with his faltering invasion of Ukraine. Russia is fighting for its “historic lands” in Ukraine and “will fulfill the tasks set step-by-step, carefully and consistently,” ...

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Thai PM to dissolve parliament, paving way for next election

  Bloomberg Thai Prime Minister Prayuth Chan-Ocha said he will dissolve parliament in March, a move that paves the way for the next election. Prayuth told reporters he informed the cabinet in a meeting on Tuesday of his intention to dissolve the House of Representatives — the clearest sign he has given yet on the timeline for the vote, though ...

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