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  Dubai / WAM Hessa bint Essa Buhumaid, Minister of Community Development, inaugurated “Al Sanaa” pavilion for Emirati productive families at Global Village in Dubai, with the participation of 67 such families from October 25 to April 29, 2023, coinciding with the 27th season of Global Village. The opening was attended by Ahmed Aboul Gheit, Secretary-General of the Arab League, ...

  Dubai / WAM Dubai Culture and Arts Authority is opening the eyes of the local community, to present to them the origins of an ancient Middle Eastern artform through its ‘Arabic Calligraphy Art’ project. This represents a creative platform through which the authority interacts with Arabic calligraphy enthusiasts, giving the opportunity to learn it and develop their skills. The ...

  Dubai / WAM Emirates Global Aluminium (EGA) and Itochu Corporation of Japan on Friday signed an agreement to explore joint projects in the UAE, which would advance the goals of the nation’s Operation 300bn industrial growth strategy. EGA’s relationship with Itochu stretches back to the 1980s, with the Japanese company marketing EGA’s metal to customers in Japan and Japanese ...

  ABU DHABI / WAM Media should embrace all cultures and all languages together and try to give an objective full picture of the world from different locations, said CEO of Ruptly News Agency, adding that people from all over the world should be equally well heard. In a statement to the Emirates News Agency (WAM), during the Global Media ...

  Dubai / WAM The Emirates Philatelic Association (EPA) participated in the Cape Town 2022 International Stamp Exhibition in Cape Town, South Africa. The exhibitors from 38 countries participated in the show. EPA participants in the exhibition won several medals for their entries. Ahmad bin Eisa Alserkal won a gold medal for his exhibit “A Postal History Study of Airmail ...

  Bloomberg The UK announced a windfall tax on “excess” profits of some electricity generators to help pay for the continuation of a freeze on household energy bills. Renewable, nuclear and biomass generators will see a 45% tax, while an existing levy on oil and gas firms will rise to 35% from 25% as the government seeks to claw back ...

Bloomberg Masayoshi Son is now personally on the hook for about $4.7 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, after mounting losses in the company’s tech portfolio wiped out the value of his interest in the second Vision Fund. Over the years, the Japanese billionaire’s controversial personal stakes in SoftBank’s investments drew ...

  Bloomberg Indonesia’s largest internet company GoTo Group will cut 1,300 jobs as it seeks to curtail expenses and assuage investor concerns over mounting losses. The cuts amount to about 12% of the workforce, the company said in a statement Friday. The ride-hailing, e-commerce and fintech company will begin notifying affected employees right away. GoTo joins tech giants from Apple ...

  Bloomberg India plans to allow transfer and storing personal data in some countries overseas, in a reprieve for global companies including Alphabet Inc.’s Google, Amazon.com Inc. and Meta Platforms Inc.’s Facebook. The government will “notify such countries or territories outside India to which a data fiduciary may transfer personal data,” according to the draft Digital Personal Data Protection Bill ...

  Bloomberg The long-awaited policy rescue for Chinese developers finally landed this month to ease a severe liquidity crunch. The hurdle of collapsing home demand may prove just as steep a challenge. Assets linked to the nation’s fragile real-estate sector have rallied over the past two weeks after regulators introduced directives that addressed everything from companies’ liquidity problems to the ...