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ABU DHABI/ WAM The Sheikh Zayed Festival in Abu Dhabi’s Al Wathba area celebrated New Year 2024 with exceptional shows and features, breaking 4 Guinness World Records. This included a spectacular fireworks display and a 60-minute drone show, along with international performances and programmes, creating a joyful and cultural atmosphere for visitors. The Festival attracted a large international crowd to ...

ABU DHABI/ WAM Under the directives of its wise leadership, the United Arab Emirates enters 2024 with resolute determination to extend the principles of peace, stability, and prosperity in the region and beyond by continuing to strengthen partnerships, enhance multilateral cooperation and foster meaningful dialogue. Foreign Policy Principles Following an active year of collaboration with the international community and organisations, ...

BLOOMBERG Cathay Pacific Airways Ltd, grappling with flight cancellations over the holiday period that have frustrated passengers, acknowledged that pilots reaching or at their 12-month limit on flying hours had contributed to the problem. While there were “elevated sickness rates on certain days,” the airline’s director of flight operations said in a memo that many had hit or come close ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received messages of congratulations from Their Highnesses and Majesties, Presidents, Kings and Princes of world countries, on the occasion of the New Year 2024. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed ...

BLOOMBERG UK consumers are increasingly worried about their financial security and holding tighter to their purse-strings heading into 2024, reviving concerns that the economy could tip into a recession. While inflation has now fallen or remained steady for nine consecutive months, 41% of consumers say they’re feeling less financially secure than at the end of 2022, according to a survey ...

BLOOMBERG Nvidia Corp, the world’s most valuable chipmaker, is selling a less-capable version of its best graphics product for video gamers in China, after the US government tightened restrictions on what the company can market in that country. The version of the GTX 4090 D chip that is listed for sale on Nvidia’s China website has about 10% fewer processing ...

BLOOMBERG Huawei Technologies Co’s revenue surged 9% in 2023, capping a dramatic year for a Chinese technology powerhouse that challenged Apple Inc and US sanctions with a surprise breakthrough in chip technology. Sales jumped to more than 700 billion yuan ($98.7 billion), their fastest pace of growth in years thanks to a resurgent smartphone business and robust 5G equipment sales. ...

BLOOMBERG General Motors (GM) Co said in a lawsuit that San Francisco unfairly taxed it $108 million over seven years, despite the automaker having very low sales and almost no personnel in the city. The company said that San Francisco used the presence of its Cruise self-driving unit to tie its tax bill to a portion of GM’s global revenue, ...

BLOOMBERG The billionaire co-founder of Xiaomi Corp Lei Jun unveiled the company’s first electric vehicle (EV), declaring ambitions to become a top global carmaker in 15 to 20 years and compete against Tesla Inc and Porsche AG. Lei spent hours detailing the SU7’s features, which include a range of up to 800 kilometres (500 miles) on a single charge, adjustable ...

RAS AL KHAIMAH / WAM Ras Al Khaimah welcomed the New Year with yet another record-breaking eight-minute-long firework and drone display setting two new Guinness World Records titles in a stunning spectacle that lit up the skies along 4.5 km stretch of Ras Al Khaimah’s waterfront. Already holding several Guinness World Records titles for its legendary fireworks New Year’s Eve ...