DUBAI / WAM Dubai Industrial City (DIC), a member of Tecom Group PJSC, announced on Tuesday its participation in the second edition of the Ministry of Industry and Advanced Technology’s (MoIAT) Make it in the Emirates Forum taking place from  May 31 to June 1 at the Abu Dhabi Energy Centre. Organised by MoIAT in partnership with the Department of ...

SHARJAH / WAM Sheikha Bodour Al Qasimi, Chairperson of Sharjah Investment and development Authority (Shurooq), has concluded an inspection visit to Maryam Island, a 3.3 million square feet mixed use development currently in the works, whose scale and grandeur are unprecedented for the emirate. A waterfront destination, offering unrivalled vistas of Al Mamzar Beach and Al Khan Lagoon, this vibrant ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued Emiri Decree No 30 of 2023 on the formation of the Board of Directors of the Sharjah Social Security Fund (SSSF). The Emiri Decree stipulates that the Board of Directors of the Sharjah Social Security Fund is formed, headed by ...

DUBAI / WAM Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and Member of the Dubai Council, attended the graduation ceremony of the second cohort of design students of the Dubai Institute of Design and Innovation’s (DIDI), at the Mohammed bin Rashid Library in Dubai. HH Sheikha Latifa highlighted Dubai’s ...

DUBAI / WAM The Dubai Chamber of Digital Economy, a division of Dubai Chambers, has completed a successful roadshow across Hong Kong, the Philippines, South Korea, Malaysia, Singapore, and Japan. The purpose of the roadshow was to identify promising startups to participate in the upcoming Expand North Star event, scheduled to take place in Dubai from October 15-18. During the ...

BLOOMBERG The Japanese startup Gitai, fresh off raising a new round of funding, is expanding in the US as it seeks to create a robot workforce that will reduce the costs and risks of operating in space. While Elon Musk and Jeff Bezos are working on rockets and the challenges of getting to space, Gitai Chief Executive Officer Sho Nakanose ...

BLOOMBERG Thailand must bolster its revenue collection in the long term to meet growing public spending needs stemming from an aging population, according to the World Bank. Government expenditure on pensions, healthcare, education and climate adaptation will need to increase and this must be achieved without constraining economic growth and keeping public debt under control, the bank said in a ...

BLOOMBERG The trade ministers of China and Japan exchanged protests over chip export controls and the detention of Japanese citizens at a meeting in Detroit, according to statements from both governments. Chinese Commerce Minister Wang Wentao complained about Japan’s chip export curbs and a Group of Seven “attack” on China during a meeting with Japanese Trade Minister Yasutoshi Nishimura in ...

BLOOMBERG South Korea will avoid capitalising on China’s ban on a US chipmaker, seeing the move by Beijing as an attempt to drive a wedge between Seoul and Washington, according to a person familiar with the situation. The South Korean government won’t encourage its memory-chip firms to grab market share in China lost by Micron Technology Inc, which has been ...

BLOOMBERG  Morgan Stanley is letting go of at least six managing directors, including some key China bankers, as part of broader job cuts in Asia where dealmaking has been stymied by growing China-US tensions and tepid economic growth. Clarence Kwok, who’s focussed on mergers and acquisitions in China, Julia Xiao in corporate finance, and Tony Yin on the technology coverage ...