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  Bloomberg The presidents of China and the Philippines agreed to strengthen cooperation and discuss maritime differences amicably after meeting in Beijing, according to Chinese state media. “China is willing to properly handle maritime issues with the Philippines side through friendly consultation, and restart negotiations on oil and gas exploration,” China Central Television quoted President Xi Jinping as saying. The ...

  Abu Dhabi / WAM Abu Dhabi Sustainability Week (ADSW), the global initiative championed by the UAE and its clean energy powerhouse Masdar to accelerate sustainable development, will hold its first annual Green Hydrogen Summit this year, highlighting green hydrogen’s growing importance in the global drive towards net zero. The Green Hydrogen Summit 2023, taking place on January 18, will ...

Sharjah / WAM The Sharjah Sustainable, in partnership with Diamond Developers, announced that the year 2022 was a year of milestones following an overwhelming response to the city’s movement towards a sustainable way of life. Sharjah Sustainable City is the first sustainable master-planned community developed by the Sharjah Investment and Development Authority (Shurooq). Over the past year, the city’s first ...

  Dubai / WAM Dubai Municipality has announced the removal of all the waste collected from sites during New Year celebrations in the Emirate of Dubai. It also carried out almost 90 inspection and monitoring visits to ensure that the organisers of the accompanying events adhere to health and safety standards. The municipality teams completed field cleaning operations in record ...

  Sharjah / WAM Expo Centre Sharjah (ECS) has announced the completion of all preparations for the 18th edition of the SteelFab (SteelFab 2023) exhibition, the largest event of its kind in the Middle East and North Africa region. The event is organised by ECS, with the support of the Sharjah Chamber of Commerce and Industry (SCCI), from January 9-12. ...

  Bloomberg A warmer-than-expected start to winter across large parts of the world is rapidly easing fears of a natural gas crisis that had been predicted to trigger outages and add to pressure on power bills. Forecasts point to temperatures above seasonal norms for most of Europe in the next two weeks, while the US expects better weather through mid-January. ...

  Bloomberg Asia’s manufacturers remained under pressure in December as activity continued to contract under the weight of slowing global demand. Several purchasing managers indexes were in negative territory across the region. The S&P Global PMI reading for Vietnam fell to 46.4 from 47.4 in November, its lowest reading since September 2021. A reading above 50 indicates expansion from the ...

  Bloomberg Malaysia expects “some kind of finality” in its review of the 5G mobile services contract by this quarter, said Communications Minister Fahmi Fadzil, amid fears that it would delay the rollout of the high-speed network. The government’s concerns with the 5G services range from the contracts signed to the speed that the network is being deployed, Fahmi said ...

  Bloomberg Singapore’s recovery held up in 2022, with a relatively strong year-end performance shoring up the economy ahead of an expected global slowdown this year. Gross domestic product grew 3.8% during the year, according to advance estimates from the Ministry of Trade and Industry. That’s a slight beat from the government’s projection for a 3.5% annual expansion. The better-than-forecast ...

  Bloomberg China’s economy ended the year in a major slump as business and consumer spending plunged in December, with more disruption likely in the first few months of the year as Covid infections surge across the country. Official data showed the decline in manufacturing worsened last month, while activity in the services sector plunged the most since February 2020. ...