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DP World signs deal to double capacity at Indonesian terminal

JAKARTA / WAM  DP World is set to commence operations at Indonesia’s Belawan New Container Terminal (BNCT), after finalising an agreement with the Indonesia Investment Authority and Pelindo to manage the terminal and begin a major expansion. The strategic partnership between the Indonesia Investment Authority (INA), Indonesian government-owned port operator Pelindo, and DP World, will create Indonesia’s most direct link ...

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UAE’s Emirates Mission to Asteroid Belt science team takes part at ACM in US

ABU DHABI / WAM The Emirates Mission to the Asteroid Belt (EMA), the first multiple-asteroid tour and landing mission to the main belt, will be represented by science team members making a number of presentations at ACM 2023, the premier international gathering of scientists who study small bodies, taking place in Flagstaff, Arizona. The recently announced Emirates’ Mission to the ...

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Under the patronage of Sheikh Khaled, ADFW to return for its second edition in November 2023

ABU DHABI / GULF TIME Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, and Chairman of the Executive Council, Abu Dhabi Global Market (ADGM), the international financial centre of UAE’s capital city, will conduct the second edition of its ground-breaking event, Abu Dhabi Finance Week (ADFW) in November ...

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UAE President receives phone call from his Philippine counterpart

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Friday received a phone call from President Ferdinand Marcos Jr of the Philippines. During the call, the two leaders discussed various areas of cooperation between the UAE and the Philippines and explored opportunities to further develop bilateral relations aimed at boosting the sustainable development ambitions ...

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Japanese stocks fall, Nikkei 225 declines 1.5% in Tokyo

BLOOMBERG Japanese stocks fell as some of the best-performing shares this year led losses amid expectations domestic pension funds will pare positions to rebalance their portfolios before the quarter ends. The Nikkei 225 Stock Average declined 1.5% to 32,781.54 as of market close in Tokyo, ending a string of weekly gains that began in early April. The Topix fell 1.4% ...

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Bonds surge as Euro-area data raise recession fear

BLOOMBERG Investors fled into the safety of bonds and stocks fell, as a lurch towards higher interest rates together with weak euro-area activity data heightened anxiety that aggressive central bank policy will tip economies into recession. Global stocks headed for their biggest weekly decline in more than three months. European shares slipped, with a record 36% drop in Siemens Energy ...

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UAE President sends written letter to President of Georgia with invitation to COP28

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a written letter to Salome Zourabichvili, President of Georgia, which included an official invitation to the 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC), which will be held in Expo City Dubai this November. The letter was delivered by Ahmad ...

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Abu Dhabi explores ways to boost statistical ecosystem

ABU DHABI / WAM The Statistics Centre — Abu Dhabi (SCAD) organised the Abu Dhabi Statistics Stakeholders Forum 2023, bringing together government and private sector officials and representatives to discuss data collaboration and strategic programmes aimed at enhancing the statistical ecosystem in the emirate of Abu Dhabi. Representatives from federal and local government entities, as well as private sector companies, ...

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