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VP witnesses historic launch of UAE-built Rashid Rover

  Dubai / WAM The United Arab Emirates launched its latest space mission, Rashid Rover, as part of the Emirates Lunar Mission, representing a pioneering national endeavour in the space sector and a historic moment that, if successful, will be the first Emirati and Arab mission to land on the surface of the moon. His Highness Sheikh Mohammed bin Rashid ...

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Free zones play a key role in supporting economies

  Dubai / WAM Dr Mohammed Al Zarooni, Chairman of the World Free Zones Organisation (World FZO), headed a delegation from the World FZO on an official visit to the Dominican Republic and the Republic of Cuba to outline trends and factors to advance the future growth of free zones, in addition to identifying bilateral cooperation mechanisms to support the ...

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More than 6,300 volunteers participate in ‘Clean UAE’ campaign

Dubai / WAM Under the patronage of the Ministry of Climate Change and Environment and in association with the Ministry of Community Development, the 21st cycle of the nationwide campaign, the “Clean UAE” reached its 4th stop – the emirate of Dubai. Armed with the successes achieved in the previous stops in Ajman, Fujairah and Sharjah, Emirates Environmental Group (EEG) ...

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New Year holds promise for China IPOs after 2022 haul

  Bloomberg Chinese companies raised a record amount in initial public offerings (IPOs) at home this year, defying a global slump. And with the end of Covid Zero in sight, 2023 could be set for another strong showing. Listings in Shanghai, Shenzhen and the recently inaugurated Beijing exchange brought in $92 billion this year, according to data compiled by Bloomberg. ...

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Japan policy chief meets Taiwan’s Tsai amid China strain

Bloomberg Taiwan received its first visit from a top member of Japan’s ruling party in 19 years, a trip that comes as Tokyo prepares a hefty boost in military spending to counter threats from countries like China. Koichi Hagiuda, policy chief of Japan’s Liberal Democratic Party (LDP), met with President Tsai Ing-wen. Tsai told Hagiuda Taiwan will continue to deepen ...

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MoHRE, ICP complete 4.7mn joint transactions in 10 months

  Dubai / WAM The Ministry of Human Resources and Emiratisation (MoHRE) and the Federal Authority for Identity, Citizenship, Customs & Port Security (ICP) announced completing 4,719,000 joint transactions in the first 10 months of 2022 as the two entities offer 35 common services — 23 for business owners and families employing domestic helpers, and 12 for private sector employers ...

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UAE issues Personal Status law for non-Muslim expats

  Abu Dhabi / WAM The UAE announced a Federal Decree-Law on Personal Status to all non-Muslim foreigners in the country, to be applied from February 1, 2023. The Federal Personal Status Law comes in line with the UAE’s continuous efforts to develop its legislative ecosystem and supports the country’s endeavours and ambitions for the next fifty years, through strengthening ...

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UAE, Bangladeshi discuss ways to boost cooperation

  Abu Dhabi / WAM Abdullah Ali Al Hamoudi, UAE ambassador to the People’s Republic of Bangladesh, met with Shahriar Alam, State Minister of Foreign Affairs of the People’s Republic of Bangladesh. During the meeting, both sides discussed strengthening and widening the horizons and areas of cooperation between the two countries, as well as a number of issues of common ...

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India unveils $29.6b plan to upgrade grid for clean power

  Bloomberg India unveiled a 2.44 trillion rupee ($29.6 billion) plan to build transmission lines to connect renewable generation, as it aims to nearly triple its clean-power capacity by 2030. The project will connect solar plants in the sun-drenched deserts of Rajasthan and Gujarat and wind farms in Tamil Nadu to the national network, the power ministry said in a ...

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Son lifts SoftBank’s stake to 34%, edging towards buyout

  Bloomberg Masayoshi Son has quietly tightened his grip on SoftBank Group Corp during a tumultuous market downturn, edging closer to the point where he could bid to take the world’s largest technology investor private. The billionaire now owns more than a third of the company he founded, after aggressive buybacks in the last two months reduced SoftBank’s outstanding stock ...

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