Bloomberg The Japanese government will raise 843 billion yen ($7.4 billion) from the sale of Japan Post Holdings Co shares — about $1 billion short of its original target — in the ongoing privatisation of the postal and financial-services giant. Shares in the secondary share sale were priced at 820.6 yen apiece, according to a statement, marking a 2% discount ...

ABU DHABI / WAM A UAE delegation, led by Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, attended the 61st Gulf Cooperation Council (GCC) Trade Cooperation Committee meeting that took place in Manama, Bahrain. The meeting was attended by Dr Nayef Al Hajraf, Secretary-General of the GCC, as well as high-profile officials and ministers of trade ...

ABU DHABI / WAM Aldar Properties will create employment opportunities for 1,000 UAE nationals over the next five years in line with the ambitious Emiratisation goals set out in the UAE’s ‘Projects of the 50’ initiative. The announcement reaffirms the company’s commitment to increase Emiratisation levels in the private sector and develop the next generation of highly skilled local talent ...

ABU DHABI / WAM Abu Dhabi Media (ADM), the company behind the popular pan-Arab children’s comic magazine, TV channel and website, Majid, has launched Majid Universe – a brand-new app that takes the Arab world’s favourite animated characters into the digital age. Available on iOS and Android devices and Apple TV, via monthly and annual subscriptions, the Majid Universe app ...

Bloomberg Saudi Arabia said it would use one of the world’s biggest natural-gas projects to make blue hydrogen, as the kingdom steps up efforts to export a fuel seen as crucial to the green-energy transition. A large portion of gas from the $110 billion Jafurah development will be used for blue hydrogen, according to Energy Minister Prince Abdul Aziz bin ...

ABU DHABI / WAM The Abu Dhabi International Petroleum Exhibition and Conference (Adipec) announced that it will be held in person this year between November 15-18, bringing together experts from across the sector and giving all attendees the chance to shape the future of the energy landscape. The exhibition will be held under the patronage of President His Highness Sheikh ...

DUBAI / WAM Chairman of UAE Banks Federation (UBF), Abdul Aziz Al Ghurair, on Sunday held a press conference – his first since the UAE eased Covid-19 restrictions – during which he addressed a number of topics related to the post-pandemic recovery and growth of the UAE banking sector. Topics of discussion included the banking sector’s achievements during and post-Covid ...

Dubai / WAM Dubai Chamber’s representative office in Mozambique organised a webinar in cooperation with the South African Business Council in the UAE (Sabco) and in association with Absa, which examined the bilateral economic synergies between the UAE and South Africa, and promoted Dubai as a global hub for South African companies. The virtual event, attended by 113 participants from ...

Dubai / WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), said the world is changing faster than in any previous historic era. “Today, we are witnessing the fourth industrial revolution, which is characterised by artificial intelligence (AI) and biotechnology, all countries aim to promote innovation and discover outer space, after realising that traditional industries cannot help them achieve ...

Dubai / WAM Gulf Pharmaceutical Industries (Julphar), one of the largest pharmaceutical manufacturers in the Middle East and Africa, is participating in Expo 2020 Dubai as a strategic partner of Fazaa Pavilion. During its participation, Julphar is showcasing its future vision towards a sustainable future for the pharmaceutical industry, introducing new trends, holding discussion panels with the participating parties and ...