WTO pushes for reform, warns multilateralism ‘under attack’
Speaking on the first day of MC13, WTO Director-General Ngozi Okonjo-Iweala highlighted a need to "reform the multilateral trading system"...Business
Commercial vehicle sales in China soar 79.6% in January
Beijing, China--China's commercial vehicle sales soared 79.6 percent year on year to 324,000 units in January, according to industry data.Specifically,...Business
Nissan integrates machine learning into its vehicles
A set of protective features employs the most innovative computing in the spatial awareness field to provide drivers with the...A set of protective features employs the most innovative computing in the spatial awareness field to provide drivers with the opportunity to safeguard their experience
A combination of cameras, radars, and sonar technologies ensures car operators remain vigilant throughout the drive and assist swiftly as soon as danger is detected
Dubai Chamber of Commerce organizes UAE Corporate Tax Workshop
DUBAI, UAE - Dubai Chamber of Commerce organized a Corporate Tax Workshop to help participants navigate the new regime, with...The workshop, attended by 152 participants, included an overview and key highlights of the new corporate tax law.
Corporate tax is a significant step in the UAE’s drive to modernize its tax system and accelerate economic diversification.
UAE mulls ‘options’ on Russian bank hit by new US sanctions
MTS Bank, approved for its licence last year, was one of more than 200 entities and individuals targeted by the...The UAE, particularly its financial hub Dubai, has attracted large numbers of Russian professionals and businesspeople fleeing the impact of Western sanctions.
Russian air passenger traffic to Dubai more than doubled last year to 1.9 million, Dubai Airports CEO Paul Griffiths told AFP this week.
Masdar to invest in Indonesia’s major geothermal player Pertamina
Abu Dhabi, United Arab Emirates: Abu Dhabi-based clean energy company Masdar has entered the geothermal energy sector by making an...The investment marks Masdar’s entry into Indonesia, the world's second-largest geothermal market after the US.
Indonesia has a goal of increasing its installed geothermal capacity from 2.8 gigawatts (GW) in 2022 to 6.2 GW by 2030.
Ericsson to cut 8,500 jobs
Most of the layoffs would be implemented in H1 2023.Ericsson, which had a total of 105,000 employees at the end of 2022, last month posted disappointing full-year 2022 earnings.
Ericsson said 1,400 of the job cuts were in Sweden, which had already been announced earlier this week.
UAE spends billions on home-grown arms at defense fair
The UAE has reduced arms imports by more than 40 percent over the past decade, taking it from the third...By the end of the five-day show on Friday, the Gulf state had signed more than 50 deals worth $6.3 billion.
They include at least $5.9 billion signed with local firms at the International Defence Exhibition and the Naval Defence and Maritime Security Exhibition.
Expo Center Sharjah wraps up successful Paper One Show
SHARJAH, UAE - Expo Center Sharjah (ECS) wrapped up the eighth edition of Paper One Show on a high note.The...The exhibition managed to cement Sharjah's leading position as one of the key regional events specialized in the paper industry.
There was an increase of 60 percent in the exhibition over the previous edition in the number of participating companies.
Non-oil trade between UAE and Kuwait up 87 percent in 10 years
Abu Dhabi, UAE--- Non-oil foreign trade between the UAE and Kuwait has grown 87 percent over the past ten years...The total trade between the two countries during 2013-2022 amounted to AED316.2 billion,
Non-oil trade between the UAE and Kuwait grew 13 percent, worth AED5 billion last year, to reach AED43.5 billion, compared to AED38.5 billion in 2021.
Abu Dhabi DoH names winners of Healthcare Research and Innovation Grant
ABU DHABI, UAE - The Department of Health – Abu Dhabi (DoH), which regulates the healthcare sector in the emirate,...The grant, launched in September 2022, received over 70 complete submissions, and the top eight were awarded a monetary prize.
The winners will have the opportunity to conduct clinical trials and commercialize their ideas.
1,400 MW more nuclear power added to UAE national grid
Abu Dhabi, UAE--The commercial operations of the Unit 3 of Barakah Nuclear Energy Plant in the Al Dhafra Region of...Total production from Units 1, 2 and 3 of Barakah now produce 4,200MW of clean electricity for the UAE national grid.
Unit 3 of the Barakah Plant has completed the process from Fuel Load to Commercial Operations more than four months faster than Unit 2 and more than five months faster than Unit 1.
