DUBAI / GULF TIME Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance & Coexistence, inaugurated the 35th edition of the Global Education and Training Exhibition (Getex), the Middle East’s leading education exhibition, on Wednesday. Held at the Dubai International Convention and Exhibition Center, the opening ceremony was attended by dignitaries and heads of various universities and schools. Getex Spring ...

DUBAI / GULF TIME Lootah Biofuels has signed an agreement with Fenaka Corporation Limited, a state-owned utility company providing electricity, water, and sewerage to the island communities of the Maldives, to establish its first biofuel production plant from waste cooking oil outside the UAE. The signing of the agreement underscores Lootah Biofuels’ commitment to expanding its reach beyond the UAE ...

SHARJAH / WAM His Highness Sheikh Dr Sultan bin Muhammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has directed to appoint 297 citizens in the Sharjah Civil Defence Authority (SCDA). This statement was announced by Colonel Sami Al Naqbi, Director General of the Sharjah Civil Defence Authority through the “Direct Line” programme of Sharjah Broadcasting Authority.

ABU DHABI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, said on Wednesday that urgent reform of IFI’s is needed before COP28 begins in November, “to lay the foundation for a successful climate summit.” Dr Al Jaber was speaking at the event — “Creating an International Financial Architecture for the Future: ...

ABU DHABI / WAM The UAE, represented by the Ministry of Finance (MoF) as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced launching a dirham- denominated Islamic Treasury Sukuk (T-Sukuk), with a benchmark auction size of AED1.1 billion. Mohamed bin Hadi Al Hussaini, Minister of State for ...

DUBAI / WAM Integrate Middle East, a significant new learning and networking event for the entire Pro AV and System Integration value chain, is set to highlight the rapid development of the education and training technology (EdTech) market, for the first time at the Dubai World Trade Centre, from May 16-18. As more schools and corporates across the region are ...

BLOOMBERG Political tensions between the US and China are contributing to lower container shipments between the world’s two largest economies, on top of an already-underway reshaping of global trade, according to a major shipping industry boss. “We are seeing a de-leveraging of trade between the US and China,” Jeremy Nixon, chief executive officer of Ocean Network Express, said at the ...

BLOOMBERG Taiwan’s industrial production plunged in March, weighed down by a manufacturing sector struggling to overcome a slump in global demand. Industrial output shrank 14.5% last month compared to a year ago, the Economics Ministry said in a statement. Economists surveyed by Bloomberg had forecast a 12.3% drop. March’s decline was the biggest contraction since May 2009 — in the ...

BLOOMBERG Adani Group bonds rose after a key company started the first debt buyback by Indian billionaire Gautam Adani’s conglomerate since it was targeted by a short seller in January. Adani Ports & Special Economic Zone Ltd plans to buy back as much as $130 million of its July 2024 bonds and similar amounts in each of the next four ...

BLOOMBERG Nippon Life Insurance Co expects the Bank of Japan (BOJ) will adjust its yield-curve control policy in June and will accelerate the purchase of local bond holdings when it does so, according to its annual allocation plan. The central bank will allow benchmark yields trade in a range of 1% around zero, compared to a current cap of 0.5%, ...