BLOOMBERG The US will strengthen the deterrence it provides South Korea against nuclear threats, securing a pledge from Seoul to honour commitments to not pursue its own atomic arsenal. US President Joe Biden and South Korean President Yoon Suk-yeol will announce the agreement when they meet at the White House, according to senior American administration officials who spoke on condition …
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BLOOMBERG Turkish President Recep Tayyip Erdogan cancelled three scheduled campaign appearances less than a month before high-stakes elections after falling ill during a live television interview. Broadcasting was disrupted for several minutes after Erdogan, 69, became sick with what he said was stomach flu. In power for the past two decades, Erdogan has developed a reputation as a tireless strongman …
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BLOOMBERG Even as Warren Buffett’s blessing and buying by the foreign investors helps drives outperformance in Japanese stocks this year, retail investors are turning increasingly bearish. The blue-chip Nikkei 225 Stock Average has risen more than 9% so far to above 28,000, while the MSCI Asia Pacific Index Excluding Japan Index is up less than 1%. Gains have been helped …
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BLOOMBERG A rout in Chinese stocks paused after a $446 billion wipeout in value for mainland shares this month, but a meaningful rebound may be hard to come by as geopolitical tensions simmer. The benchmark CSI 300 Index ended little changed on Wednesday. The MSCI gauge of Chinese shares advanced as much as 1.6% after a six-day slide, though it’s …
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ABU DHABI / WAM Abu Dhabi Airports Free Zone (Adafza), a subsidiary of Abu Dhabi Airports, has recorded a two-fold increase in leased-out spaces and properties in 2022. The achievements reaffirm the Free Zone status as a unique preferred business destination for local, regional and international organisations across several economic sectors. This strong performance was dually driven by growth in …
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ABU DHABI / WAM The Ministry of Education (MoE) has announced the UAE’s Green Education Partnership Roadmap in preparation for COP28. The announcement was made during a press conference held by MoE at its headquarters in Abu Dhabi, in the presence of Dr Ahmad Belhoul Al Falasi, Minister of Education; Dr Amna Al Dahak Al Shamsi, Assistant Under-Secretary of the …
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DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has announced the signing of an agreement with the Roads and Transport Authority in Dubai (RTA). According to the pact, RTA will be the Platinum Sponsor of the World Green Economy Summit (WGES), which is organised by the World Green Economy Organisation (WGEO), Dewa, and the Dubai Supreme Council of Energy, …
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ABU DHABI / WAM Abu Dhabi and the UAE has a long and proud tradition of maritime trade, capitalising on the nation’s strategic location between east and west and proximity to key growth markets in Asia and Africa. Building on this proud tradition, Adnoc Logistics and Services (Adnoc L&S) is one of the UAE’s maritime success stories. As the maritime …
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ABU DHABI / WAM The UAE has evacuated its citizens and nationals of a number of countries from the Republic of Sudan. The UAE has also provided hosting and care services for 19 different nationalities during its evacuation operation to the city of Port Sudan, in preparation for facilitating departures. The evacuees will be hosted in the UAE before being …
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DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the wedding ceremony of Sheikh Maktoum, the son of late Sheikh Majid bin Obaid Al Maktoum, and the daughter of late Sheikh Hamdan bin Rashid Al Maktoum. His Highness Sheikh Mohammed was accompanied by His Highness Sheikh …
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