Bloomberg Malaysia’s stocks climbed from a three-month low after the government resisted imposing a full lockdown to avoid derailing a nascent recovery in the economy. The FTSE Bursa Malaysia KLCI Index rises as much as 0.95% on Monday, snapping a three-day loss. Sime Darby Bhd. and Axiata Group Bhd led gains in the gauge. The government shortened business working hours ...

NEW YORK / WAM The UAE stressed that it has been gravely concerned by the escalating violence in Israel and the Occupied Palestinian Territory. The UAE welcomed the news of a ceasefire agreement and expressed hope that it is durable, lasting, and might contribute to resumption of a credible wider peace process while restoring calm and building confidence between the ...

Dubai / WAM HH Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Sports Council, on Sunday unveiled the Majesty 175, the world’s largest composite production superyacht, at its world premiere at Dubai Harbour. Pushing the boundaries in superyacht production through its lightweight material that enables effortless cruising in low-draft waters, the Majesty 175, fully manufactured in ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has directed that AED6 million be allocated for the purchase of books and educational materials from the 500,000 titles available at the Abu Dhabi International Book Fair (ADIBF) 2021. The books and educational materials ...

DUBAI / WAM The Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Dubai SME, an integrated division of Dubai’s Department of Economic Development (Dubai Economy), to support the business sector and advance comprehensive and sustainable development in the country. Mariam Al Amiri, Under-Secretary, Financial Management Sector at MoF, and Saeed Matar Al Marri, Deputy CEO of Dubai ...

ABU DHABI / WAM The Abu Dhabi Convention and Exhibition Bureau (ADCEB), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), Abu Dhabi National Exhibitions Company (Adnec) and the Emirates Medical Association (EMA) have announced the renewal of their MoU to support the development of Abu Dhabi as a leading medical meetings hub. The MoU, ...

Sharjah / WAM Arada has awarded the construction contract to build The Boulevard, an upscale residential complex at its Sharjah mega-community Aljada. Located in the East Village district of Aljada, The Boulevard comprises three apartment blocks. The nine-storey blocks are located next to Aljada’s main avenue. The AED180 million contract was won by Dubai-based Al Ashram Contracting, a construction company ...

Abu Dhabi / WAM The United Arab Emirates on Sunday announced an offer to host the 28th session of the Conference of the Parties (COP 28) to the United Nations Framework Convention on Climate Change (UNFCCC) in Abu Dhabi in 2023, with a focus on the economic case for inclusive climate action. Commenting on the UAE’s offer to host COP ...

Dubai / WAM The Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Dubai SME, an integrated division of Dubai’s Department of Economic Development (Dubai Economy), to support the business sector and advance comprehensive and sustainable development in the country, Mariam Al Amiri, Under-Secretary, Financial Management Sector at MoF, and Saeed Matar Al Marri, Deputy CEO of Dubai ...

Abu Dhabi / WAM The United Arab Emirates has welcomed the Office of the United States Trade Representative (USTR) decision to remove the country from the US intellectual property protection (IPP) Watch List. In its 2021 Special 301 Report, the USTR outlined a set of key achievements made by the UAE in the field of IPP during the past period, ...