Day: January 17, 2024

ABU DHABI: Strata Manufacturing PJSC (Strata), wholly owned by the Mubadala Investment Company, reported an over 40 percent increase in shipments to the global aerospace and advanced industry sectors in 2023 compared to 2022.

According to its data, S…

BEIJING: China’s auto production and sales surpassed 30 million units for the first time in 2023, retaining the country’s leadership as the world’s largest car market for the 15th consecutive year, People’s Daily reported.

According to recent data re…

GENEVA: The global foreign direct investment (FDI) had a modest increase of over 3% to reach an estimated $1.37 trillion in 2023, defying expectations as recession fears early in the year receded, and financial markets performed well.

Global FDI flow…

DUBAI: Saeed Mohammed Al Tayer, MD CEO of Dubai Electricity Water Authority (DEWA), emphasised that in line with the vision and directives of the wise leadership, Dubai’s state-of-the-art infrastructure in various sectors such as electricity, water, t…

DUBAI: Light + Intelligent Building Middle East, the region’s largest exhibition for lighting and building technology, was officially opened by Saeed Mohammed Al Tayer, MD CEO of Dubai Electricity and Water Authority (DEWA). Now in its 17th year, the …

DUBAI: Dubai Aerospace Enterprise (DAE) today announced that it had reached an agreement with FLY91 for the lease of 2 ATR 72-600 aircraft. The aircraft are scheduled to be delivered in 2024 and are expected to be the first aircraft to enter FLY91’s f…

ABU DHABI: The Central Bank of the United Arab Emirates (CBUAE) reported an increase in cash deposits to AED682.3 billion in November 2023, marking a YoY growth of 8.6 percent, or the equivalent of AED54 billion, compared to AED628.4 billion in Novemb…

DUBAI: The Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) has participated in the Food Innovation Hubs meeting, held as part of the World Economic Forum in Davos, in the presence of Saeed Al Eter, Assistant Secretary General of MBRGI.

MBRG…

ABU DHABI: Jamal Saleh, Director-General of the UAE Banks Federation (UBF), has underscored the robustness of the UAE banking sector in the face of global challenges. Saleh attributed this success to the effective strategies implemented by the Central…

BEIJING: The Association of Southeast Asian Nations (ASEAN) has been the largest trading partner of Chins for four consecutive years, according to the General Administration of Customs (GAC) of China.

According to a report by China Central Television…