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Bloomberg China may be diving head first into a power supply shock that could hit Asia’s largest economy hard just as the Evergrande crisis sends shockwaves through its financial system. The crackdown on power consumption is being driven by rising demand for electricity and surging coal and gas prices as well as strict targets from Beijing to cut emissions. It’s ...

Bloomberg A UK frigate sailed through the Taiwan Strait, the first such passage by a British naval vessel since late 2019, as a group of nations led by Washington pushes back at Beijing’s military assertiveness. The HMS Richmond transited the narrow body of water separating China from Taiwan on Monday on its way to Vietnam, according to the vessel’s Twitter ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, visited the operations centre of the Expo 2020 venue in Dubai, ahead of the start of the mega event. Being held for the first time in the Middle East, Africa and Southeast Asia, the event, billed as ...

DUBAI / WAM Dubai’s non-oil external trade surged 31 percent in the first half of 2021 to reach AED722.3 billion from AED550.6 billion in the corresponding period in 2020. Exports grew 45 percent year on year (YoY) in H1 2021 to AED109.8 billion from AED75.8 billion, which supports the goal of the 10 x 10 programme (one of the nation’s ...

Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) has contributed AED3 million to the Social Investment Fund, administered by the Authority of Social Contribution – Ma’an, to support the Abu Dhabi community in addressing its most pressing social challenges. Adnic’s contribution will help finance further social impact programmes and be used towards tackling key social causes such as ...

COX’S BAZAR / WAM The Emirates Red Crescent (ERC) inaugurated phase 2 of its service projects in refugee camps in Rohingya, Bangladesh, as part of the initiative launched by HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), who ...

Dubai / WAM Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, has been recognised as the “Best Family Attraction in Middle East 2021” at the International Travel Awards 2021. This achievement celebrates the destination’s track record of delivering wonderful experiences to guests of all ages from around the globe. This recognition bodes ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, approved the new federal government cabinet. The new cabinet was announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, following discussions with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi ...

DUBAI / WAM Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) confirmed the preparedness of the infrastructure of roads and mass transit networks for providing unique, smooth, and express mobility service to visitors of Expo 2020 from Dubai and other emirates across the UAE. Thanks to the huge support ...

Abu Dhabi / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, on Saturday received at the ministry, Prof Dr Verena Lepper, Curator of Agyptisches Museum und Papyrussammlung (Egyptian Museum and Papyrus Collection) in Berlin, and co-founder of the Arab-German Young Academy of Sciences and Humanities (AGYA). At the start of the meeting, Sheikh Nahyan bin Mubarak ...