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This Decree is effective from March 1, 2025, and will be published in the Official Gazette In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No. (13) of 2025, seconding Justice Dr. Abdulrahman Juma Mohammed Sharaf, Senior First Instance Judge, at The Rental Dispute Settlement Centre in Dubai, to the position of Assistant Secretary-General of the Dubai Judicial Council.This Decree is effective from March 1, 2025, and will be published in the Official Gazette, Dubai Media Office reported.On Wednesday, Sheikh Mohammed issued Decree…
The Japanese yen fell in Asian trade on Thursday away from five-month highs against the dollar on profit-taking, as the odds of Japanese interest rate hike in March declined following cautious remarks by BOJ officials. The yen is also pressured by higher US 10-year treasury yields ahead of important US labor data this week, which could provide fresh pricing for the odds of a Fed rate cut in the next quarter. The Price The USD/JPY pair rose 0.3% today to 149.33, with a session-low at 148.72. The yen rose 0.6% against the dollar on Wednesday, approaching…
Growing concerns about the risks posed by artificial intelligence (AI) are emerging among China’s lawmakers and political advisers, making them a hot topic at this year’s “two sessions” – the annual meetings of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC).While the success of Chinese AI start-up DeepSeek has increased the domestic tech sector’s global influence, some NPC deputies and CPPCC members at the meetings in Beijing called on Wednesday for stronger regulation to curb AI-related misinformation, fraud and security breaches.Balancing technological innovation with the need for security is a major challenge for the AI…
U.S. Treasury yields moved higher on Thursday as investors breathed a sigh of relief over the potential for tariff exemptions and awaited key jobs data.At 5:19 a.m. ET, the benchmark 10-year Treasury yield climbed over four basis points to 4.3071%. The 2-year Treasury yield was up just over one basis point to 3.996%.One basis point is equal to 0.01%, and yields and prices move in opposite directions.Investors are feeling optimistic about the possibility of future tariff exemptions after The White House announced a one-month delay to tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement.”Reciprocal tariffs will still go into effect…
The move aims to attract investments and facilitate cross-border trade through its esteemed B2B Events platformsDubai World Trade Centre (DWTC) and Informa Group have announced a strategic collaboration aimed at establishing a truly global powerhouse in Exhibitions and Event Management, specifically focusing on the Middle East, South Asia, and Africa regions. This partnership brings together two commercial equals, each equipped with highly complementary assets and capabilities, to create a new entity named DWTC-Informa, which will operate as Informa International. This new company is set to be fully operational by Q4 2025. Headquartered in Dubai, Informa International will cater to super-regional…
Dubai Electricity and Water Authority (DEWA) has called upon international developers to provide expressions of interest for a tender related to the development of the 1,600-megawatt (MW) seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park.This phase, which can be expanded to 2,000MW, will incorporate photovoltaic solar panels alongside a battery energy storage system boasting a capacity of 1,000MW for six hours, resulting in a total storage capacity of 6,000 megawatt-hours (MWh).This initiative, Dubai Media Office reported, will position it among the world’s largest solar-plus-storage projects. The phase will be carried out under the independent power producer (IPP)…
The Pakistan Textile Council (PTC), a not-for-profit research and advocacy platform, has voiced concerns over the proposed amendments to the Export Facilitation Scheme (EFS) introduced by the Federal Board of Revenue (FBR). The textile council, in a letter addressed to Secretary Export Policy (FBR), highlighted that any modifications that fail to safeguard the interests of the industry could negatively impact Pakistan’s exports. “The EFS, introduced in 2021, has played a crucial role in enhancing the competitiveness of the textile sector by simplifying processes and ensuring smooth export operations,” read a statement. “However, the proposed amendments outlined in S.R.O. 204 (1)/2025,…
China’s top economic officials laid out their priorities for 2025 during a joint press conference on Thursday as part of the “two sessions”, the annual meeting of China’s top legislative and consultative bodies.The heads of the National Development and Reform Commission (NDRC) – China’s top economic planner – the ministries of finance and commerce, China’s central bank and its main securities regulator were all in attendance.Here are the key takeaways from the briefing:1. China ‘confident’ of hitting GDP targetZheng Shanjie, chairman of the NDRC, expressed confidence that China would meet its 5 per cent growth target this year, stressing that…
The partnership formed between the United Arab Emirates (UAE), Azerbaijan, and Brazil—the COP28 president and its successors—has proven to be a success, reinforcing global climate cooperation, as stated by Ambassador André Corrêa do Lago, according to Agência Brasil.During a recent informal gathering of the United Nations General Assembly in New York, the COP30 President-Designate underscored the inaugural edition of the Global Stocktake—unveiled during COP28—as a significant achievement. This mechanism is intended to evaluate advancement toward long-term climate objectives.Promoting multilateralism“The GST is our guide for the 1.5ºC mission, in our collective project to implement the vision of the [Climate] Convention and…
This initiative aims to boost capacity for travelers from Europe and the United States to Saudi Arabia The Saudi Air Connectivity Program (ACP), in partnership with the Saudi Tourism Authority (STA) and Jeddah Airports Company (JEDCO), announced the initiation of direct flights from Stuttgart, Germany, to Jeddah.The flights are set to begin in the second half of 2025, operating twice weekly with an A321neo aircraft that has a seating capacity of 224 passengers. This initiative is designed to enhance capacity for travelers and tourists from Europe and the United States to Saudi Arabia.ACP Chief Executive Officer Majid Khan noted that…