ABU DHABI / WAM The United Arab Emirates and Mongolia have signed a memorandum of understanding (MoU) regarding mutual visa exemption for holders of ordinary, diplomatic, special and mission passports, as part of continued efforts to develop and strengthen bilateral relations and achieving the common interests of the two peoples and countries. Under this memorandum, UAE nationals who hold regular, ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched on Tuesday the 4th season of the “World’s Coolest Winter Campaign”, to further support the tourism sector in line with the UAE’s domestic tourism strategy launched in 2020 to promote domestic tourism. His Highness Sheikh Mohammed ...

BLOOMBERG Japan’s Nikkei 225 Stock Average climbed to its highest since the nation’s bubble economy era more than three decades ago, reflecting investor optimism that growth is returning after the country’s long battle with deflation. The blue-chip gauge rose 1.2% to close at 33,763.18 in Tokyo, a level unseen since March 1990, lifted by a rebound in technology shares and ...

BLOOMBERG Stocks and bonds retreated before key inflation readings from the US and China later this week and the earnings season kicks off on Friday. US stock futures dropped with Europe’s Stoxx 600 benchmark as investors shrugged off tech-led gains that rolled across global markets and drove a Japanese gauge to a 34-year high. The Nasdaq 100 jumped the most ...

SEOUL / WAM The Republic of Korea logged a current account surplus for the seventh straight month in November on the back of an increased trade surplus, Yonhap News Agency quoted the Bank of Korea (BOK) as saying. The country’s current account surplus reached $4.06 billion in November, narrowing from the surplus of $6.8 billion the previous month, according to ...

BLOOMBERG In the industrial hub of Wuxi near Shanghai, car owners recently took part in China’s largest experiment to rewire the grid and take advantage of its world-leading fleet of electric vehicles. Instead of charging up after plugging in, 50 EVs did it the other way around. For 30 minutes, the cars combined to feed around 2 megawatts of electricity ...

DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has launched the UAE Labour Market Observatory. It is designed to provide periodic data and information in both Arabic and English on various competitiveness indicators of the UAE labour market, outputs of the policies set to regulate it, and information about innovative services, programmes, and initiatives, along with other ...

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council (SEC), on Tuesday chaired a meeting of the Sharjah Executive Council at the Sharjah Ruler’s office The Council approved the operation of a transport service between Sharjah and Muscat of Oman, according to the agreement ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday honoured the six winners of the inaugural edition of the ‘Great Arab Minds’ Awards, during a ceremony held at the Museum of the Future in Dubai. Congratulating the winners, His Highness said that the brightest ...

DUBAI / WAM The second edition of the 1 Billion Followers Summit opens doors to an exclusive encounter with an elite line-up of mega social media influencers and celebrities from 95 countries across 6 continents, boasting over 1.7 billion followers. Notable figures such as “Khaby Lame,” TikTok’s content creation silent maestro, “German Garmendia,” holding the title for the most-followed Spanish-language ...