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Abu Dhabi International Boat Show to kick off in November

  Abu Dhabi / WAM The fourth edition of Abu Dhabi International Boat Show (Adibs) will be held from November 24-27. The event is held under the patronage of His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed Bin Sultan Al Nahyan Charitable and Humanitarian Foundation, and Chairman of Abu Dhabi Sports Council. ...

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Party urges support for Xi as anger grows on lockdowns

Bloomberg The Chinese Communist Party’s flagship newspaper called on the nation to support President Xi Jinping’s Covid Zero strategy, showing any shift in policy is unlikely even as lockdowns in Shanghai and elsewhere threaten to hurt the economy. In a front-page commentary, the People’s Daily said Xi’s strategy to snuff out the virus has proven “correct and effective” and China ...

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US factory output rises more than forecast in broad advance

Bloomberg US factory production rose in March by more than forecast, marking the third straight month of gains that show steady progress for manufacturers against a backdrop of gradually improving supply chains. The 0.9% increase followed a 1.2% gain in February, Federal Reserve data showed. Total industrial production, which also includes mining and utility output, also rose 0.9% during the ...

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RTA announces 20 new projects under 5-year sustainability plan

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has endorsed a five-year sustainability plan for 2021-2025 as part of its strategic goals and objectives aimed at supporting sustainability. Such projects are based on the environmental, societal and economic drivers of sustainability. The step is taken as part of RTA’s efforts to improve maturity levels of sustainability and become ...

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Ajman Chamber sees 35% rise in new membership during 2021

  Ajman / WAM Muhammad Ali Al Janahi, Acting Director-General of the Ajman Chamber of Commerce and Industry (ACCI), has confirmed that the Ajman Chamber has increased its new members from establishments during 2021, which reflects the chamber’s efforts in promoting Ajman’s economic fundamentals and investment opportunities available in various sectors, strengthening global relations to attract new investors, and intensifying ...

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Dewa launches campaign for conscious, sustainable lifestyle with less waste

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has launched its annual Ramadan awareness campaign to raise awareness about conservation and having a sustainable and responsible lifestyle. This supports Islamic values that encourage moderation and reducing waste. During the campaign, Dewa has organised a series of virtual and physical awareness lectures to encourage the community to contribute to ...

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Sheikh Zayed Grand Mosque receives over 1.26m visitors

  ABU DHABI / WAM The Sheikh Zayed Grand Mosque has been a leading destination for visitors of the major international events hosted by the UAE over the past six months, most notably Expo 2020 Dubai, the FIFA Club World Cup, the 5th Umex and SinTex, the International Defence Industry Technology and Security Conference, Global Goals Week, which was held ...

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Draghi says EU can cut Russian energy dependence sooner

Bloomberg Europe can reduce energy dependence on Russia quicker than previously estimated, Mario Draghi said in an interview with Corriere della Sera. “Diversification is possible and feasible relatively quickly, shorter than we imagined just a month ago,” the Italian prime minister said after reaching an agreement to increase gas imports from Algeria. “We have gas in storage and will have ...

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Tesla plans to partly resume production in Shanghai plant

Bloomberg Tesla Inc is calling back its workers in Shanghai to prepare for the initial resumption of production as soon as next week, after a weeks-long suspension because of the city’s strict lockdown to contain the Covid outbreak, people familiar with the matter said. The electric vehicle pioneer told some employees to enter a so-called “closed-loop” production system on April ...

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DiDi plans meeting to vote on US delisting in May

  Bloomberg DiDi Global Inc will hold an extraordinary general meeting on May 23 to vote on delisting its shares from the New York Stock Exchange, a sign the ride-hailing giant is heeding Beijing’s call to address concerns about how its data is handled abroad. The company said in statement it won’t apply to sell shares on any other stock ...

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