BEIJING / WAM China’s central bank announced its first medium-term lending facility (MLF) operation in the Year of the Dragon, continuing a streak of 15 consecutive months of net fund injections through MLF loans to maintain reasonable and ample liquidity in the banking system. According to Global Times, the People’s Bank of China (PBOC) has announced that a sum of ...

BEIJING / WAM China is moving away from traditionally energy-intensive industrial sectors towards green development across key sectors, in efforts to fulfill its goals of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060, according to China Central Television. In June 2023, the Hunan Valin Xiangtan Iron and Steel power plant in Xiangtan County, located in Hunan ...

DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, crowned the 4 Arab Hope Makers finalists, awarding them a financial reward of AED 1 million each, in the presence of His Highness Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council. His ...

DUBAI/ GULF TIME Navitus Parfums, the niche luxury perfumery brand imagined in the UAE and crafted by world-class master perfumers from France, officially launched in the UAE today. This marks a significant milestone for a brand that continues to redefine the global luxury perfumery experience with its commitment to quality, sustainability, and direct engagement with consumers. At an exclusive launch ...

ABU DHABI/ WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), inaugurated the Abu Dhabi Session of the Parliamentary Conference on the World Trade Organisation (PCWTO) today at the Abu Dhabi National Exhibition Centre (ADNEC). The conference was organised by the FNC in cooperation with the Inter-Parliamentary Union (IPU) and the European Parliament (EP), in the presence of Dr. ...

DUBAI/ WAM The world’s mega-rich and well-heeled luxury consumers are taking to the ocean like never before, but luxury yacht builders and makers of high-end marine crafts should continue to prioritise their eco-credentials if they’re to ride the wave of a US$13 billion market. Speakers at this week’s Dubai Boat Show Leisure Yachting Conference agree that boatyards which prioritise sustainable ...

DUBAI/ WAM The Roads and Transport Authority (RTA) has awarded a contract worth AED700 million for Al Khail Road Improvement Project. This project features the construction of bridges spanning 3,300 metres, along with road improvement works covering 6,820 metres across seven locations along Al Khail Road, including Zabeel, Meydan, Al Quoz 1, Ghadeer Al Tair, and Jumeirah Village Circle. The ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to H.H. Sheikh Mishal Al Ahmad Al Jaber Al Sabah, Emir of Kuwait, on the occasion of his country’s National Day and Liberation Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness ...

DUBAI / WAM The largest-ever culinary showcase concluded at the Dubai World Trade Centre, marking a successful five-day run for Gulfood 2024, the world’s largest annual food and beverage event. Across the five days of the show, a star-studded line-up of internationally renowned chefs sharing 25 Michelin stars are showcasing traditional cooking methods, elevating authentic ingredients, and revealing the stories ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) is participating in the UAE Innovation Month ‘UAE Innovates 2024’. This is in line with Dewa’s commitment to enhance the position of the UAE Innovates as the world’s largest and most prominent national event. Dewa is organising several activities and events at its head office, its Distribution Power Division Complex, and ...