ABU DHABI / WAM Mona Ahmed Al Jaber, Chairwoman of the Emirates Defense Council (EDCC), said that the growing ties between the UAE and Canada allow for increased collaboration in the defence, aerospace, and security industries. Al Jaber made the remarks during a keynote speech she gave at the UAE-Canadian Defence Companies Meeting, held on Monday in Abu Dhabi. The ...

CARACAS / WAM Reem bint Ibrahim Al Hashimy, Minister of State for International Cooperation, visited the Bolivarian Republic of Venezuela as part of her Latin American and Caribbean tour. Al Hashimy met with Nicolás Maduro Moros, President of Venezuela, and a number of high-ranking officials, to discuss bilateral relations between the UAE and Venezuela and ways to enhance them. Al ...

DUBAI / WAM The Higher Organising Committee of the Zayed Charity Marathon discussed the launch of a new phase in the Indian state of Kerala before the end of 2023. The discussion took place during a meeting of the committee, which was held yesterday in Dubai, headed by Lt Gen Mohammed Hilal Al Kaabi, with the participation of a high-level ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) has organised a seminar to familiarise members of its business community with the latest trends in the UAE’s federal corporate tax. During the event, the Rakez team highlighted the importance of understanding the implications of corporate tax for different businesses, and the necessity of registering companies, maintaining accurate accounting ...

BLOOMBERG Leader Energy Holding Bhd is preparing for an initial public offering in Malaysia and is seeking to raise as much as       2 billion ringgit ($433 million), according to people with knowledge of the matter, in what would be the country’s biggest first-time share sale since 2017. The Kuala Lumpur-based power company plans to submit its draft prospectus to the ...

BLOOMBERG AGL Energy Ltd said it would massively expand its production of clean energy as it abandons coal-fired power plants. The company will spend as much as A$10 billion ($6.9 billion) of its own money to build new facilities, including with debt-financing, Chief Financial Officer Gary Brown said. The Australian coal giant, which came under attack from billionaire climate activist ...

BLOOMBERG  Cathay Pacific Airways Ltd will recruit more cabin crew from mainland China and widen the use of Mandarin language on flights, its chief executive officer said, less than a month after the carrier fired three flight attendants for disparaging passengers who didn’t speak English. “With the growing number of Putonghua-speaking customers, it has always been our intention to recruit ...

BLOOMBERG  Boeing Co is preparing to accelerate production of its cash-cow 737 jets “soon,” the planemaker’s commercial chief said, as the company makes progress towards addressing a supplier defect that has slowed deliveries. The rate break to a 38-jet monthly pace will happen “sooner rather than later,” Stan Deal, who heads Boeing’s commercial airplane business, said in Paris ahead of ...

BLOOMBERG  JD.com aims to create seven listed firms with market values of $14 billion apiece, outlining aggressive targets spanning two decades as it wrapped its signature 2023 sales gala with another record haul. Sales volume during its “6.18” June online bargains event, reached an all-time high, the company said in a WeChat post. The summer online sales event, in which ...

BLOOMBERG  Airbus SE is in talks with Grupo Viva Aerobus SAB for a large narrowbody aircraft order that would fuel the Mexican low-cost carrier’s expansion, people familiar with the discussions said. The companies held talks and were expected to announce an accord at the Paris Air Show starting from Monday, said the people, asking not to be identified discussing private ...