Washington’s restrictions on US citizens assisting China’s chip industry will be more narrowly enforced than feared, suggesting a smaller-than-expected impact on semiconductor companies doing business in the world’s second largest economy. The rules seem to be mostly targeting US persons working in certain functions for semiconductor manufacturing equipment firms, based on a document the Bureau of Industry and Security published ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has signed a three-year agreement with the Atlantic Council to collaborate on the Council’s Nuclear Energy Policy Initiative and support its efforts in promoting nuclear energy as a central component to the clean energy transition. The Atlantic Council is a US-based think tank, and home to the Global Energy Centre, ...

Abu Dhabi / WAM The Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed an AED36.7 million ($10 million) line-of-credit agreement with the National Bank of Iraq, part of the Capital Bank group. The agreement aims to boost economic cooperation between the UAE and Iraq, which, in turn, will strengthen bilateral relations. ...