Bloomberg North Korea said it successfully conducted a “crucial” test at a long-range projectile launch site and had boosted its nuclear-deterrent capabilities. It didn’t provide any details about the exercise. The news follows a North Korean announcement last week that it held a “very important test,” without elaborating. South Korea’s military believes the North tested an engine for its ballistic ...

Bloomberg Boris Johnson’s decisive victory may prove to be a turning point not just for the UK but for the entire scorned European stock market. The Conservative Party’s win filled investors with optimism that a major political risk related to Brexit will soon be removed, sending the European equity benchmark near a record high. Goldman Sachs Group Inc lifted its ...

Bloomberg Even though it wasn’t the trade deal some analysts hoped for, China dodged more tariffs, and that may be enough to spur a market rally. The onshore yuan may rise and the Australian dollar will be boosted by a potential advance in crude oil and industrial metals, according to Vijay Valecha, chief investment officer at Century Financial Consultancy in ...

Bloomberg Renault SA offered Luca de Meo, who heads Volkswagen AG’s Spanish brand, the role of chief executive officer of the French carmaker, La Vanguardia reported, citing unnamed officials at the company. Renault has also told De Meo, who runs SEAT, that within two years he could take the helm of the group’s alliance with Nissan and Mitsubishi. Bloomberg previously ...

Abu Dhabi / Emirates Business Etisalat on Sunday announced the launch of the second edition of Hello Business Pitch competition, designed to encourage entrepreneurs and homegrown Small and Medium Businesses (SMBs) to build and grow their business. Following the successful response to the competition in 2018, Etisalat has renewed its commitment towards empowering entrepreneurs to turn their ideas into real ...

Dubai / WAM The Mohammed bin Rashid School of Government (MBRSG), organised the third station of the third edition of its ‘Future Trip’ programme, in the form of a field trip to London, bringing together leaders of the first and second tiers from the federal and local governments, as well as the private sector. The five-day visit sought to facilitate ...

ABU DHABI / WAM The Zayed Charity Marathon is set to take place in the Egyptian city of Suez on December 27, in cooperation with the Egyptian Ministry of Youth and Sports. The marathon reflects the love and sporting cooperation between the UAE and Egypt. Local officials and heads of districts have routed the marathon’s path along an eight kilometre ...

Abu Dhabi / WAM The seventh session of the Islamic Conference of Health Ministers kicked-off in nation’s capital on Sunday, with ministers and high-level member representatives from 40 Islamic states taking part in the event. The two-day conference, hosted by the UAE Ministry of Health and Prevention (MoHAP), in collaboration with the Organisation of Islamic Cooperation (OIC), is themed ‘Quality ...

Dubai / WAM The UAE Ministry of Economy has announced that the 10th edition of the Annual Investment Meeting (AIM), will be held from March 24-26, 2020, in Dubai. The tenth edition is themed, ‘Investing for the Future: Shaping the Global Investment Strategies’, and will highlight the shifting global investment landscape. Praising the expanded network of AIM 2020, Abdullah Al ...

ABU DHABI / WAM The Sheikh Zayed Book Award organised a panel discussion in Moscow to highlight the pivotal cultural role of the Russian-Emirati cultural dialogue. Held at the Ritz-Carlton, Moscow, the Arab-Russian Cultural Dialogue event further aimed to introduce Russian audiences to Sheikh Zayed Book Award initiatives and attract further nominations to its annual award. Maadhad Hareb Al Khaili, ...