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  Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Abu Dhabi Investment Office (ADIO) signed a memorandum of understanding (MoU) to promote cooperation in attracting foreign investments and capacity building. Both entities agreed to strengthen the UAE’s profile as an ideal destination for trade and investment, principally by enhancing the efforts of UAE ...

ABU DHABI / WAM The Sheikh Zayed Festival will begin on Friday and welcome visitors from all over the world with a line-up of cultural entertaining events and attractions including breathtaking drone shows and fireworks displays in celebration of the first day. The festival will run until March 18, 2023 at Al Wathba in Abu Dhabi. The Higher Organising Committee ...

  Abu Dhabi / WAM As visitors begin flying for the winter break and the many spectacular events taking place in Abu Dhabi, Etihad Airways looks forward to welcoming over 1.5 million travellers at Abu Dhabi International Airport. Shaeb Al Najjar, General Manager Hub Operations, Etihad Airways, said, “There has never been a better time to experience Abu Dhabi, with ...

Bloomberg Chinese President Xi Jinping said the Asia-Pacific was “no one’s backyard” in written remarks to an economic summit in Thailand, in which he pitched his vision for greater regional cooperation on development and security. Xi’s speech was released to a gathering of business executives shortly after he arrived for the Asia-Pacific Economic Cooperation meetings in Bangkok. The gathering came ...

  Bloomberg Indonesia, home to a quarter of the world’s nickel reserves, is proposing the creation of an organization similar to Opec for the metal used in battery-making to coordinate supply. Investment Minister Bahlil Lahadalia expressed the idea of creating an “Opec-like” cartel in a meeting with Canada’s International Trade Minister Mary Ng on the sidelines of the Group of ...

  Bloomberg Alibaba Group Holding Ltd. reported a surprise loss after quarterly revenue barely grew, as China’s rigid Covid controls continue to sap consumer sentiment. Revenue rose a slightly less-than-expected 3% to 207.2 billion yuan ($29 billion) in the September quarter, versus the 209 billion yuan average projection. It reported a net loss of 20.6 billion yuan versus estimates for ...

  Bloomberg On November 14 in Sharm El-Sheikh, representatives from nine countries sat down to dinner. It was the start of the second week of COP27, but this was no panel discussion or debate over loss and damage. The dinner, hosted by California-based startup Good Meat, Washington DC-based nonprofit the Good Food Institute (GFI), and the country of Singapore, was ...

Bloomberg Ukrainian President Volodymyr Zelenskiy said taking back Crimea, which was annexed by Russia in 2014, as well as the country’s long-occupied eastern Donbas region are conditions for bringing the nine-month war to an end. “A simple ceasefire won’t do the trick,” Zelenskiy said in a video interview at the Bloomberg New Economy Forum in Singapore. “Unless we liberate our ...

Bloomberg Chinese President Xi Jinping confronted Canadian Prime Minister Justin Trudeau at the Group of 20 summit, accusing him of leaking details of a private meeting — an unusually candid glimpse of Xi’s interactions with other world leaders. “Everything we discussed was leaked to the newspapers. That’s not appropriate, and that’s not the way our conversation was conducted, right?” Xi ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) signed a memorandum of understanding (MoU) with Abu Dhabi Global Market (ADGM), the international financial centre of the UAE capital, collaborating to support the growth needs of the financial community of Abu Dhabi. The MoU entails Adib providing ADGM registered and licensed entities and dedicated client managers Preferential Shari’a compliant banking ...