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Abu Dhabi, South Korea ink deal to promote investment opportunities

  Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry and the Korea Federation of Small and Medium Business (KBIZ) signed a cooperation agreement to strengthen economic and trading relationships between their respective members. Signed in Abu Dhabi, the cooperation agreement stipulates that both parties shall support the business environment as a global system for positive partnerships ...

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du donates AED1mn to ‘1 Billion Meals’ initiative

  Dubai / WAM du, from Emirates Integrated Telecommunications Company (EITC), has announced a donation of AED1 million to the “1 Billion Meals” initiative, the largest of its kind in the region, which aims to assist and provide sustainable food support to the underprivileged in 50 countries. The initiative has achieved exceptional success since the first days of its launch ...

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General Motors, Honda in talks to develop solid-state EV batteries

  Bloomberg General Motors Co and Honda Motor Co are in talks about expanding their electric-vehicle partnership to include developing solid-state batteries, which automakers are chasing because they have more power, lower cost and reduced risk of fire. The companies have been discussing joint development of future batteries as they expand cooperation, though no decision has been made yet, Shinji ...

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US blasts China’s support for Russia, vows to help India

Bloomberg A senior US diplomat again warned China of sanctions if it offers “material support” for Vladimir Putin’s war in Ukraine, while also pledging to help India end its dependence on Russian weapons. China wasn’t helping the situation in Ukraine by doing things like amplifying Russian disinformation campaigns, US Deputy Secretary of State Wendy Sherman said at an event in ...

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Abdullah stresses importance of calming situation at Al-Aqsa

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, emphasised the significance of calming the situation and ceasing any practices that violate the sanctity of the blessed Al-Aqsa Mosque. In a phone call with the Israeli Minister of Foreign Affairs, Yair Lapid, the two ministers discussed bilateral relations and cooperation ...

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Dewa launches electric vehicle community hub website for Dubai

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has launched the “Dubai EV Community Hub” website for Dubai, aiming to increase electric vehicle (EV) adoption by centralising information regarding EV developments in Dubai. This is part of Dewa’s efforts to encourage the use of sustainable transport and consolidate Dubai’s position as a global capital for a green economy ...

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UAE central bank issues new AED5, AED10 banknotes

  ABU DHABI / WAM The central bank of the UAE (CBUAE) has launched two new banknotes, in five and ten dirham denominations, made of polymer and enhanced by advanced technical characteristics and security features. The new banknotes are the third issue of the national currency, and reflect the CBUAE’s aim to keep pace with the nation’s development and vision ...

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French power prices gain on signs of corrosion at more reactors

  Bloomberg French power futures rose to their highest level this year after Electricite de France SA found further indications of corrosion on its nuclear fleet, potentially worsening Europe’s supply crisis. French nuclear capacity is already at its lowest in a decade for this time of year as the energy giant is keeping some of its 56 reactors offline for ...

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Putin calls off storm of Mariupol with Ukraine troops surrounded

Bloomberg President Vladimir Putin declared that Russia had seized Ukraine’s Mariupol even as his defense minister said more than 2,000 opposing troops remain holed up in an industrial complex in the strategic southern port city. “Taking control of such an important centre in the South as Mariupol is a success,” Putin said in a televised meeting with Defense Minister Sergei ...

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Julphar to launch more than 100 new products in next eight years

  Ras Al Khaimah / WAM Gulf Pharmaceutical Industries (Julphar) has announced its Strategy 2030 to drive transformation through sustainable growth and deliver enhanced value for all stakeholders. Strategy 2030 is set to triple Julphar’s revenues via six central growth pillars – “Maximising Revenue from Current Product Portfolio,” “New Product Launches,” “Geographical Expansions,” “Strategic Business Initiatives,” “Advanced Specialty Products Initiative”, ...

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