SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, opened, on Wednesday, Al Suyoh Mall, the second community market implemented by the Sharjah Retail Group of the Sharjah Cooperative, located on Mleiha Road in the Al Suyuh suburb. Touring the mall, His Highness inspected the mall’s facilities, including retail stores, entertainment ...

BLOOMBERG ByteDance Ltd’s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia’s GoTo Group that it will control, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market. The social media giant will combine its Indonesian TikTok Shop business with GoTo’s e-commerce unit Tokopedia, the companies said. TikTok gets ...

DUBAI / GULF TIME Vu Televisions, the fastest-growing large-sized TV manufacturer that originated in California, launches in the Middle East, introducing a premium luxury viewing experience with a seamless blend of Californian technology with award-winning aesthetics. Founded in California in 2006, Vu Televisions has sold over 3 Million products in large-size and 4K TVs. Viewers in the Middle East can ...

BLOOMBERG A top-performing Japanese fund is shifting its attention to railway operators from automakers on expectations companies that rely on domestic revenue will fare better should the yen rebound. Carmakers, which have been among the Topix’s best sectors this year, may start to face headwinds if a stronger currency reduces the value of their overseas revenue, according to the Eurizon ...

BLOOMBERG Stocks posted small moves in cautious trading as investors looked ahead to the Federal Reserve’s interest-rate decision, bracing for any warnings from Chair Jerome Powell that market expectations of policy easing are overdone. Europe’s Stoxx 600 index edged higher, with Inditex SA climbing after the Zara owner forecast a stronger gross margin. Entain Plc rallied 7.5% following news that ...

DUBAI / GULF TIME Amidst the fanfare of COP28 negotiations between countries, the range of pledges for future action towards addressing climate change, and calls for more action across the board of climate issues, COP28 has also seen a refreshing amount of solutions that are already underway. One company leading this charge is the world’s largest solar photovoltaic producer LONGi. ...

ABU DHABI / GULF TIME Sorbonne University Abu Dhabi (SUAD) organized the SUAD Youth COP Panel at COP28 at the Greening Education Hub Erth Zayed, to unveil the “Sorbonne University Abu Dhabi Call to Action for Future Generations”, in collaboration with YOUNGO, Université Paris-Cité (France) and Universidad Federal Do Ceará (Brazil). The event was held in the presence of Her ...

DUBAI/ WAM As the global push towards positive climate action prompts greater investment in sustainable food production, Sokovo has inaugurated its vertical farm to produce leafy greens and microgreens at Dubai Industrial City, a part of TECOM Group PJSC. Sokovo’s factory inauguration contributes to the UAE’s push for food security, which is also on the agenda for the United Nations ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President William Samoei Ruto of Kenya, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, ...

DUBAI/ WAM The Ministry of Climate Change and Environment (MoCCAE) has signed a Joint Declaration of Intent with the Federal Ministry for the Environment, Nature Conservation, and Nuclear Safety and Consumer Protection in the Federal Republic of Germany for the “Green Coast Initiative”. This initiative aims to collaborate in the protection, restoration, and sustainable management of mangrove trees in African ...