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BLOOMBERG The electronics arm of electric-vehicle maker BYD Co agreed to buy Jabil Inc’s manufacturing business in China for 15.8 billion yuan ($2.2 billion), expanding its production base in the world’s largest mobile arena. BYD Electronic International Co, a non-wholly owned unit of one of China’s biggest EV makers, is taking over the US company’s product manufacturing business located in ...

BLOOMBERG The first analyst to cover Aston Martin after the carmaker’s 2018 initial public offering has finally recommended buying the stock. Jefferies’ Philippe Houchois lifted his rating to buy from hold, saying the British company’s net debt has stabilised and a refocus on traditional “front engine” cars like the DB12 and Vantage should benefit sales. Houchois gave Aston Martin an ...

BLOOMBERG Hyundai Motor Co is facing a pressure campaign from a coalition of labour groups and civil rights groups in Alabama and Georgia, the home of its new $5.5 billion electric vehicle assembly and battery complex. The coalition is asking Hyundai to negotiate a community benefits agreement that will “enshrine high-road commitments to workers and their communities in an enforceable ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued an Emiri Decree calling the municipal councils in the Emirate of Sharjah to convene for the first ordinary session of the 19th annual term. The Decree stipulated that the municipal councils in the Emirate shall be called to convene for ...

SHARJAH / WAM HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of Sharjah Executive Council (SEC), in the presence of HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Vice Chairman of the Council, on Tuesday chaired the council’s meeting. During the meeting held in the Sharjah ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has announced that preparations are currently underway to draft a national policy to enhance women’s health by providing tailored healthcare within a unified, multisectoral national framework, in collaboration with strategic partners. As the nation commemorates Emirati Women’s Day, the initiative aims to support the UAE’s efforts being made to deliver ...

ABU DHABI / WAM The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) continues its research efforts to advance artificial intelligence (AI) and harness it as a global force that contributes to the progress and well-being of humanity. With the knowledge and competence to continue the technology development process in the country and the world, MBZUAI is currently dedicating three ...

SHARJAH / WAM Expo Centre Sharjah has announced its bustling event calendar for the final quarter of 2023, revealing an impressive line-up of local, regional, and international events. These events are scheduled to take place at the Expo Centre Sharjah as well as its affiliated centres located in Khorfakkan and Al Dhaid. With a total of 18 economic, trade, and ...

ABU DHABI / WAM The Mena Organisation for Rare Diseases is collaborating with Burjeel Holdings on the groundbreaking initiative known as Nader (Needs Assessment and therapeutics Development for Rare diseases) to expand the footprint of the initiative across the Mena region. This innovative project is expected to revolutionise the field of early diagnosis and treatment of rare diseases in the ...

DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Tuesday announced that astronaut Sultan Al Neyadi is scheduled to return from the International Space Station (ISS) on September 3, following his completion of the historic longest Arab space mission in history, spanning 6 months. Al Neyadi along with Nasa astronauts Stephen Bowen and Warren Hoburg, and Roscosmos cosmonaut ...