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BLOOMBERG Philippine President Ferdinand Marcos Jr said the US will gain expanded access to military sites in northern Philippines close to Taiwan, as well as in Palawan province near South China Sea, paving the way for greater American presence in key locations as tensions with Beijing linger. Marcos said at a televised briefing that the four additional sites under the ...

BLOOMBERG Ukrainian President Volodymyr Zelenskiy visited frontline positions near the besieged city of Bakhmut in the eastern Donetsk region, a focus of fierce battles with the Russian army in recent months, and was briefed about the situation on the ground. Zelenskiy earlier condemned what he called “murderous” Russian strikes on Ukraine overnight using drones, as well as fresh missile attacks ...

BLOOMBERG Turkey’s biggest non-aligned political party said it won’t field its own candidate in May’s presidential elections, in a boost to the main opposition coalition’s chances of unseating Recep Tayyip Erdogan. The Peoples’ Democratic Party (HDP) and five allied left-wing groups will campaign against Erdogan’s “one-man rule,” Co-Chair Pervin Buldan said. While she didn’t explicitly endorse main opposition leader Kemal Kilicdaroglu, ...

BLOOMBERG South Korea plans to hold its “largest-ever” live-fire drills with the US in a move certain to anger North Korea, which has ramped up its provocations to new levels in response to recent military exercises. The joint drills, which will involve mobilising high-tech military equipment, are planned for June as part of a program to mark the 70th anniversary ...

BLOOMBERG Ethiopian lawmakers agreed to remove the Tigray People’s Liberation Front’s (TPLF) designation as a terrorist group, following a ceasefire signed four months ago to end a two-year civil war. The parliament approved the resolution on the basis of the November 2, 2022 peace agreement, state-controlled Fana Broadcasting Corp has reported. The TPLF and the Oromo Liberation Army were declared terrorist ...

NEW YORK / WAM Ares Management Corporation, a leading global alternative investment manager, and Mubadala Investment Company, a global sovereign investor, on Wednesday announced the formation of a joint venture (JV) to invest in global credit secondaries opportunities. The joint venture, anchored by Mubadala, will initially aim to deploy approximately $1 billion as it seeks to capitalise on the anticipated ...

DUBAI / WAM Under the directives of Her Highness Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and Chairperson of the Board of Trustees of UAE Food Bank, the UAE Food Bank has initiated a campaign to provide ...

ABU DHABI / WAM Shareholders of Waha Capital has announced approving a cash dividend of 8 fils per share for the 2022 financial year at the company’s annual general meeting (AGM). At the AGM, shareholders also authorised the company to contribute up to 1% of its net profit for the financial year ended on December 31, 2022 towards CSR initiatives. ...

ABU DHABI / WAM ADQ, an Abu Dhabi-based investment and holding company, announced the operational phase of its cutting-edge AgTech Park ecosystem with the launch of a vertical farming project in partnership with Zero, a high-impact technology company headquartered in Italy. The Zero project is the first of several controlled environment agricultural concepts that will be housed in the AgTech ...

ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, met with members of the Abu Dhabi Youth Council’s 5th cycle (2021-2023). His Highness was accompanied by Saif Saeed Ghobash, Secretary-General of the Abu Dhabi Executive Council. During the meeting, HH Sheikh Khaled reviewed ...