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China utility shares primed for gains on reopening, subsidies

  Bloomberg Shares linked to Chinese utilities are primed to extend their rebound as the economy’s reopening spurs electricity consumption and tens of billions of dollars-worth overdue subsidies may finally make their way, analysts say. A sub-gauge of utility stocks on the CSI 300 Index has jumped nearly 10% since a recent mid-March low, outpacing a less than 3% rise ...

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UAE to chair UN’s commitee on Peaceful Uses of Outer Space

Abu Dhabi / WAM The UAE will chair the Committee on The Peaceful Uses of Outer Space (Copuos). With 100 member states, Copous is one of the largest UN committees and plays a major role in governing the exploration and use of space for the benefit of all humanity. Sarah bint Yousif Al Amiri, Minister of State for Public Education ...

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UAE, Kyrgyzstan set up new era of economic cooperation

  KYRGYZSTAN / WAM Abdullah bin Touq Al Marri, Minister of Economy, said the UAE and Kyrgyzstan are establishing a new era of economic cooperation led by their private sectors, which will double the value of their trade. In an interview with WAM, while heading an Emirati economic and commercial delegation visiting the Kyrgyz capital, Bishkek, Al Marri noted that ...

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