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ABU DHABI / WAM Abdullah bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Lee Young, Minister of SMEs and Startups of Republic of Korea, to explore the strengthening of cooperation in promoting entrepreneurship and supporting the growth of small and medium enterprises in the two countries’ markets. The meeting took place as part of the K-Business ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has welcomed Raziff Aljunied, Consul-General of the Republic of Singapore to Dubai, as part of the diplomatic and consular visits to Dewa. The two sides discussed ways to enhance cooperation in the renewable and clean energy, water, and infrastructure sectors. Al Tayer emphasised ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) and the Ukrainian Business Council (UBC) signed a strategic agreement to boost economic collaboration, paving the way for greater investment prospects, and further strengthening the bilateral ties between the UAE and Ukraine. The Memorandum of Understanding (MoU) was signed by Rakez’s Chief Government & Corporate Relations Officer Yaser Abdulla ...

SHARJAH / WAM “Sabaa Sanabel” flour, made from the wheat indigenously produced in Emirate of Sharjah, has clinched a new laurel becoming the first national product to obtain the “Made in the UAE” mark.The ‘Sabaa Sanabel’ wheat flour has met the highest quality and safety standards in force in the UAE, boosting its competitiveness in the market and earning the ...

KIEV / WAM President Volodymyr Zelenskyy of Ukraine has received Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, who is leading a UAE delegation on an official visit to Ukraine. Almheiri conveyed to the Ukrainian President the greetings of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan; His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

TOKYO / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has discussed with Yasutoshi Nishimura, Japan’s Minister of Economy, Trade and Industry, means of developing joint cooperation and strategic partnership between the UAE and Japan as part of both countries efforts to achieve sustainable economic growth. During the meeting, which was held in Tokyo, both sides ...

BEIJING / WAM The central parity rate of the Chinese currency renminbi, or the yuan, weakened 97 pips to 7.1212 against the US dollar on Monday, state media Xinhua quoted the China Foreign Exchange Trade System as saying. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate ...

BLOOMBERG The rally in Japanese stocks that pushed the nation’s blue-chip gauge ahead of the world’s other major benchmarks this year could slow down. The Nikkei 225 Stock Average will rise about 1% from current levels to 32,750 by year-end, according to the median estimate of six responses in a Bloomberg News survey. While that would lift the Nikkei to ...

BLOOMBERG Stocks inched higher as traders prepared for a week packed with interest-rate decisions from major central banks. Tesla Inc. was poised to set a record winning streak. Modest gains in US futures signaled a further advance into bull-market territory for the S&P 500 as bets on a Federal Reserve pause after 10 straight rate hikes buoyed contracts for the ...

ABU DHABI / WAM The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, signed a new memorandum of understanding (MoU) with leading global biopharmaceutical company MSD GCC to advance research into breast and lung cancer. In the presence of Mansoor Al Mansoori, Chairman of the Department of Health – Abu Dhabi; and ...