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  Abu Dhabi / WAM The Department of Health – Abu Dhabi (DoH) and the Make-A-Wish Foundation UAE (MAWF), signed a memorandum of understanding assisting the foundation to reach children with critical illnesses between the ages 3 and 18 years and grant their wishes to enrich them with joy, hope and strength during their medical treatment in the emirate’s healthcare ...

Bloomberg Soaring heating and electricity bills are pushing Europeans to find hacks that will cut their energy use and reduce costs. Mats Johansson installed 30 solar panels with a production capacity of 13.5 kilowatts on his house in Halmstad, southwest Sweden earlier this year. The nation has some of the highest rates of energy consumption per capita in Europe — ...

  Bloomberg With China’s massive construction sector still in a funk and the US and Europe likely heading into recessions, India has emerged as a savior for flagging global steel demand. Poised to overtake China as the world’s most populous country next year, India is in the midst of a building boom. Prime Minister Narendra Modi is seeking to modernise ...

  Bloomberg PLDT Inc is in talks with suppliers and vendors to cancel some projects and seek discounts as the Philippines’ biggest phone company by revenue aims to cut its 48-billion peso ($860 million) spending overrun. “The discussion also includes the possible replacement of certain projects that will be cancelled, with new projects that will improve revenue growth and customer ...

  Bloomberg Profits at industrial firms in China declined in the first 11 months of the year, as production slowed and factory-gate prices fell amid Covid disruptions. Industrial profits in the January-November period fell 3.6% from a year earlier, the National Bureau of Statistics (NBS) said. That compared with a decline of 3% in the first 10 months of the ...

Bloomberg Japan will require negative Covid-19 test results for travellers coming from China, as the country of 1.4 billion throws open its borders from January 8 and abandons its Covid Zero policy at a rapid pace. The policy will take effect from December 30, Prime Minister Fumio Kishida told reporters in Tokyo. Those who have been in mainland China within ...

Bloomberg South Korea sent drones across the border into North Korea for the first time, an unprecedented tit-for-tat military move after Kim Jong-un’s regime dispatched five unmanned aerial vehicles into its air space. The exchange of drones, which briefly stopped flights from taking off at major airports near Seoul, came as Kim opened a major political meeting to set security, ...

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved the emirate’s general budget for 2023 with total expenditures amounting to nearly AED32.2 billion. The general budget for the year aims to achieve financial sustainability and enhance the economic competitiveness of the emirate. This budget was based on strengthening ...

  Dubai / WAM The Dubai Foundation for Women and Children (DFWAC) has signed a partnership agreement with J5 Rimal Hotels to boost their cooperation and coordinate their efforts to protect women’s and children’s rights. The agreement was signed by Ibrahim Owghan, Director of Corporate Support, and Kinan Al Ghraoui, CEO, J5 Rimal Hotels, in the presence of senior officials ...

  Bloomberg The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research (CEBR). The global economy surpassed $100 trillion for the first time in 2022 but will stall in 2023 as policy makers continue their fight against soaring prices, the ...