March, 2023

• 10 March

  Enec showcases N-energy’s role to support sustainable growth

  

  ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) is showcasing the vital role that “Net Zero Nuclear Energy” is playing in tackling climate change and rapidly decarbonising the power sector in the UAE, at CERAWeek, the world’s premier energy conference in Houston, US. With more than 7,600 delegates this year, CERAWeek is highlighting how electrification is a key ...

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• 10 March

  e& sends AED20m worth of equipment to support Türkiye’s telecom sector

  

  ABU DHABI / WAM etisalat by e& UAE has announced sending telecommunication equipment worth AED20 million as a humanitarian support to reconstruct Türkiye’s telecommunication infrastructure in earthquake-affected areas. This is a continuation of a previous initiative launched by the e& group, which affirms its keenness to participate in the “Gallant Knight / 2” campaign, initiated by President His Highness Sheikh ...

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• 10 March

  ALC launches initiative to establish ‘reading corners’

  

  ABU DHABI / WAM The Abu Dhabi Arabic Language Centre (ALC), a part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has launched an initiative to establish “Reading Corners” at several cultural institutions across the UAE capital. The initiative was launched to mark the “National Reading Month” and aims to promote a culture of reading ...

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• 10 March

  Dubai WoodShow attracts more than 10,000 visitors

  

  DUBAI / WAM The 19th edition of the Dubai International Wood and Woodworking Machinery Exhibition concluded, with 412 exhibiting companies from 42 countries, including the US, Russia, China, India, Portugal, France, Turkey, Panama, Jordan, Egypt, Saudi Arabia, and the UAE in attendance. The founders and top executives of participating companies emphasised the distinguished position of the Dubai WoodShow and its ...

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• 10 March

  SE Asia’s Sea, GoTo cut jobs in quickening tech pullback

  

  BLOOMBERG Sea Ltd and GoTo Group, two of Southeast Asia’s largest internet companies, are embarking on fresh layoffs as the region’s once high-flying tech leaders retrench to focus on profitability over growth. Singapore’s Sea is cutting fewer than 500 jobs at e-commerce unit Shopee in Indonesia, a person with direct knowledge of the matter said, days after the company reported ...

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• 10 March

  Indonesia offers tax cuts to lure investors to new capital

  

  BLOOMBERG Indonesia lowered taxes on some investments and sweetened land acquisition terms as part of efforts to attract funds for its $34 billion new capital project that’s struggling to take off. The government will provide up to 100% corporate tax holiday for companies investing at least 10 billion rupiah ($650,745) in the new capital in Borneo, according to a new ...

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• 10 March

  US, India planning to boost chips collaboration, says Raimondo

  

  BLOOMBERG The US and India will sign an agreement to boost coordination of their chip-industry incentive plans and are discussing the best ways to avoid over-subsidisation as the South Asian nation looks to boost its role in the global technology supply chain. The memorandum of understanding focusses on information-sharing and policy dialogue, Commerce Secretary Gina Raimondo told reporters. While she ...

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• 10 March

  Apple supplier’s Vietnam chief exits after China shift

  

  BLOOMBERG AirPods maker GoerTek Inc’s Vietnam business chief is leaving the company, days after the executive outlined how Apple Inc’s Chinese suppliers are likely to move capacity out of the country far faster than anticipated to pre-empt fallout from escalating Beijing-Washington tensions. Deputy Chairman Kazuyoshi Yoshinaga is departing for “personal reasons,” the Chinese firm said in a brief exchange filing, ...

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• 10 March

  Copa to boost Venezuela flights to cash in on economic rebound

  

  BLOOMBERG Copa Holdings SA is planning to boost flights to Venezuela as a budding economic recovery boosts demand for travel, and new connections to Colombia are set to open. The Panama-based airline aims to add eight new flights to its existing 35 per week, Copa’s general manager in Venezuela, Roberto Pulido, said. These will connect the capital and three other ...

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• 10 March

  7-Eleven operator rises on report of closing Ito-Yokado stores

  

  BLOOMBERG Seven & I Holdings Co is closing roughly one out of every four of its Ito-Yokado stores in Japan, marking the retailer’s latest response to pressure from an activist investor to streamline its business. Shares in the world’s largest convenience-store operator rose 4.1%, the most in two months, after public broadcaster NHK reported the store closings. The Tokyo-based company ...

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