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DMCC pitches UAE-UK trade to business leaders in London

DUBAI / WAM Dubai Multi Commodities Centre (DMCC) — the world’s flagship free zone and government of Dubai authority on commodities trade and enterprise – has concluded its “Made For Trade Live” global roadshow in London, its eighth in the British capital, hosting business leaders from across the United Kingdom to showcase Dubai’s unique business environment to companies looking to ...

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Vietnam’s Vice President visits Sheikh Zayed Grand Mosque

ABU DHABI / WAM Vietnam’s Vice President Vo Thi Anh Xuan and her accompanying delegation, on Thursday visited the Sheikh Zayed Grand Mosque (SZGM). They began their tour with a visit to the final resting place of the late Sheikh Zayed bin Sultan Al Nahyan and recalled the Founding Father’s qualities and wise approach that enriched the culture of tolerance ...

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UAE and US discuss ties in military, defence fields

ABU DHABI / WAM Major General Saleh bin Mejren Al Ameri, Commander of Joint Operations at the UAE Ministry of Defence, has met with Lt Gen Alexus G Grynkewich, Commander, Ninth Air Force (Air Forces Central), Shaw Air Force Base, South Carolina, and the Combined Forces Air Component Commander for US Central Command, Southwest Asia, at the ministry’s headquarters. During ...

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UAE launches summit visualising future of AI

DUBAI / WAM The UAE government launched the ‘Machines Can See 2023’ summit, one of the international conferences in artificial intelligence (AI) in the whole region, taking place at the Museum of the Future in Dubai, in partnership between Artificial Intelligence, Digital Economy, and Remote Work Applications Office and ‘Machines Can See’ company. The summit aims to convene an array ...

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US, Philippines to strengthen ties as Marcos visits Pentagon

BLOOMBERG The US and the Philippines promised to deepen their defense alliance through expanded military drills and joint patrols during President Ferdinand Marcos Jr’s visit at the Pentagon where he was given rare honours, amid escalating China tensions. In new bilateral defense guidelines, the nations reaffirmed their commitment to defend each other in case of an armed attack in the ...

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Zelenskiy renews push for fighter jets at Hague

BLOOMBERG The European Union (EU) is considering ways to target third countries seen as doing too little to stop Russia evade sanctions, particularly those that can’t explain spikes in trade of key goods or technologies, according to people familiar with the matter. Ukraine’s President Volodymyr Zelenskiy visited the International Criminal Court in The Hague, where he urged the creation of a ...

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UniCredit boosts profit, payout targets after record quarter

BLOOMBERG  UniCredit SpA raised its full-year profit target and said it will boost shareholder payouts, after a surge in lending revenue helped the bank post its best-ever first-quarter. The Milan-based bank expects adjusted profit this year above €6.5 billion ($7.2 billion) and investor returns about €500 million higher, according to a statement. Key performance metrics for the period — including ...

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ADB’s new program offers $15b in loans

BLOOMBERG  The Asian Development Bank (ADB) announced a new programme for financing efforts to counter climate change, stepping up its attempt to back one of its main focusses in the region. The Innovative Finance Facility for Climate Change in Asia and the Pacific (IF-CAP) could create up to $15 billion in new loans, through a goal of $3 billion in ...

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