Abu Dhabi / GULF TIME The China Automotive Technology and Research Center (CATARC) announced the C-NCAP 2021 results of EXEED VX. With the advantages in active and passive safety features, EXEED VX won the “five-star” safety rating, and ranked first among all 7-seat medium and large SUVs since the promulgation of the new regulations in 2018 with a comprehensive score ...

Some of Japan’s biggest trading houses reported bumper profits and flagged more to come as they benefited from higher energy and commodities prices. Sumitomo Corp. raised its full-year net income forecast by almost half to a record of 550 billion yen ($3.7 billion). Marubeni Corp. upgraded its profit guidance to an all-time high, while Itochu Corp.’s second-quarter profit beat analyst ...

Global equities trimmed a weekly loss as Chinese shares surged amid signs that authorities are trying harder to ease the impact of its Covid-Zero policy. Treasuries were little changed before US payrolls data. US futures advanced, with the Nasdaq 100 poised to trim its biggest weekly drop since the start of the year, and US-listed Chinese stocks surging in premarket ...

Jakarta / WAM   Abu Dhabi Ship Building (ADSB), an Edge entity, on Friday signed a memorandum of understanding with PT PAL Indonesia, Indonesia’s state-owned shipbuilder, to strengthen cooperation and to leverage the capabilities of both partners to build a range of interceptors, landing craft, and rigid-hull inflatable boats (RHIBs) for Indonesia’s naval and coast guard requirements. Speaking on the occasion, ...

Riyadh / WAM    The real gross domestic product (GDP) of Saudi Arabia continued to grow by 8.6% in Q3 2022 compared to Q3 2021, according to flash estimates by the Saudi General Authority for Statistics. This growth is mainly due to the increase in oil activities by 14.5% in Q3 2022. Non-oil activities grew by 5.6% and government services activities ...

Abu Dhabi / WAM Dr Ahmed El-Tayeb, Grand Imam of Al-Azhar and Chairman of the Muslim Council of Elders, has received at his residence in Bahrain, Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, on the sidelines of their participation in the “Bahrain Forum For Dialogue: East And West For Human Coexistence”. Dr El-Tayeb welcomed Sheikh Nahyan ...

Oil jumped to the highest in more than three weeks as markets rallied over China easing its Covid restrictions. Brent crude futures surged more than 4% to near $99 a barrel, with China, the world’s biggest crude importer, said to be working on plans to scrap a system that penalises airlines for bringing virus cases into the country. Oil has ...

China has pledged to deliver water cannons to the Solomon Islands, just days after Australia provided rifles, underscoring the growing competition for influence in the Pacific nations. China and the Solomon Islands were to hold a ceremony Friday morning to hand over two water cannons and an undisclosed number of vehicles to police, the Australian Broadcasting Corp. reported, citing program ...

North Korea’s unprecedented barrage of missiles is underscoring the costs of Washington’s tensions with Beijing, since China has shown little appetite for additional sanctions over the country’s nuclear program. China, along with Russia, played a critical role in approving United Nations sanctions on their neighbor after Kim Jong Un tested an atomic bomb and launched a missile designed to carry ...

Slovakia, a Nato and European Union member where polls show half of citizens believe Russia didn’t cause the war in Ukraine, is beefing up a special unit set up this year to fight hybrid threats. Now the Center for Countering Hybrid Threats at the Interior Ministry is looking to buy special AI-based analytical software to detect information operations. “It will ...