Month: July 2025

China’s Bond Market Issuances Surge to 7.2 Trillion Yuan in May

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Beijing: Data from the People’s Bank of China showed that bond issuances in China reached approximately 7.2 trillion yuan (around US$1 trillion) in May 2025. According to Emirates News Agency, treasury bond issuances totaled 1.49 trillion yuan, while local government bond issuances amounted to 779.44 billion yuan. Financial bond issuances stood at 1.22 trillion yuan, … Read more

Mubadala Acquires 30% Stake in Loscam International

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Abu dhabi: Mubadala Investment Company has announced its agreement to acquire a 30 percent stake in Loscam International, a company providing pallet pooling and returnable packaging solutions in the Asia-Pacific region. According to Emirates News Agency, Mubadala will join the current shareholder group, which includes Trustar Capital, the private equity arm of CITIC Capital Holdings … Read more

Sharjah Launches Second Cohort of Job Seekers Training Programme

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Sharjah: The Sharjah Department of Human Resources (SDHR) has launched the second cohort of the Sharjah Programme for Training and Qualifying Job Seekers, following the directives of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. The programme’s introduction included an awareness workshop titled ‘Administrative Awareness and Workplace … Read more

‘Flossie’ Becomes Hurricane Off Mexico’s Pacific Coast

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Mexico city: Flossie has strengthened into a hurricane off Mexico’s southwestern Pacific coast. The US National Hurricane Centre in Miami reported that Flossie escalated to a Category 1 hurricane on Monday night, with maximum sustained winds reaching 120 kph. According to Emirates News Agency, Flossie is expected to intensify over the next 36 hours before … Read more

Abdullah Bin Zayed Affirms UAE’s Support for IAEA’s Pivotal Role During Call with Grossi

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Abu dhabi: H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, discussed cooperation between the UAE and the International Atomic Energy Agency (IAEA), as well as ways to enhance it across various fields, during a phone call with IAEA Director-General Rafael Grossi. According to Emirates News Agency, during the … Read more

Once-Weekly Insulin Shows Promise in Type 2 Diabetes Treatment

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Chicago: Researchers at a recent American Diabetes Association meeting reported that efsitora, experimental once-weekly insulin, was comparable to daily insulins in nearly a thousand adults with type 2 diabetes in three late-stage trials. The trials, designed to study patients at different stages of insulin use, each found efsitora to be just as effective as daily … Read more

Qatar’s Economy Grows 3.7% in Q1 2025

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Doha: Qatar’s economy registered a real Gross Domestic Product (GDP) growth of 3.7 percent in the first quarter of 2025, compared to the same period in 2024. According to Emirates News Agency, Qatar News Agency (QNA) quoted the National Planning Council (NPC) as saying that GDP at constant prices reached QAR181.5 billion in the first … Read more

‘Autoworld’ to Invest AED45 Million in New Jafza Facility

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Jebel ali: Autoworld International FZCO, the regional distributor for India’s Bajaj Auto Ltd, has announced an investment of AED45 million to develop a new logistics and distribution hub in the Jebel Ali Free Zone (Jafza). The facility will enhance Autoworld’s ability to serve rapidly growing markets across Africa and the Middle East. According to Emirates … Read more