Bank of Japan Cuts Economic and Inflation Outlook for FY 2025, Keeps Rate Steady

Tokyo: The Bank of Japan (BOJ) on Thursday cut its economic and inflation projections for the current fiscal year from April and maintained its benchmark interest rate, as concerns grew over the impact of hefty US tariffs on the economy. According to Emirates News Agency, the central bank warned of a decline in domestic corporate profits as trade frictions are likely to lead to a slowdown in overseas economies. It also revised downward its outlook for economic growth and prices for fiscal 2026. In the latest quarterly outlook report, the central bank said it expects the Japanese economy to grow

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Dr. Sultan Al Jaber Visits OMV Headquarters to Enhance Strategic Energy Partnership

Vienna: Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, today visited the headquarters of OMV in Vienna, Austria, to advance the strategic partnership between both companies. The visit builds on ongoing progress toward establishing Borouge Group International, following the landmark agreement between ADNOC and OMV in March 2025 to combine Borouge and Borealis to create Borouge Group International, with the new entity to acquire Nova Chemicals, establishing the world’s fourth-largest polyolefins player. According to Emirates News Agency, the transformative transactions marked a pivotal milestone in ADNOC’s global chemicals strategy as

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Security Personnel Promoted Following Sharjah Ruler’s Directives

Sharjah: In implementation of the directives of His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, 1,232 personnel from the emirate’s security bodies have been granted new ranks following the cancellation of the ‘Senior Assistant’ and ‘Chief Assistant’ ranks. According to Emirates News Agency, the modifications will apply retrospectively to members of the Sharjah Police General Command, the Amiri Guard General Command, the Sharjah Police Academy, and the Sharjah Civil Defence Authority beginning 26th March 2025. Major General Abdullah Mubarak bin Amer, Commander-in-Chief of Sharjah Police, expressed his gratitude for His Highness the

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Saif bin Zayed Meets Russian Prosecutor General to Enhance Security Cooperation

Moscow: Lt. General H.H. Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, engaged in discussions with Igor Krasnov, Russian Prosecutor General, during his visit to the Russian Federation. The meeting focused on strengthening the bilateral relations between the United Arab Emirates and Russia, especially in the areas of security and policing. According to Emirates News Agency, the leaders exchanged views on the robust ties between their countries’ leadership and officials. They explored avenues to advance security and judicial cooperation and shared insights on best practices. The dialogue aimed to bolster joint coordination, aligning with the

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UAE Presents Strategic Vision of Arab Observatory for Women’s Economic Development at Arab League’s Meeting in Cairo

Cairo: Under the close follow-up of H.H. Sheikha Fatima bint Mubarak, the Mother of the Nation, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), the UAE, represented by the GWU, participated in a high-level meeting of permanent representatives to the League of Arab States to discuss the official launch plan of the “The Arab Observatory for Women’s Economic Development”. According to Emirates News Agency, the meeting took place at the headquarters of the League of Arab States in the Arab Republic of Egypt,

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DP World Sokhna Achieves Record Throughput in Q1 2025

Dubai: DP World Sokhna handled a record-breaking 285,000 TEUs in Q1 2025, the highest quarterly volume in nearly two decades of operating the port. According to Emirates News Agency, the figure represents a 26% increase over planned volumes, underscoring the port’s growing strategic role in facilitating trade for the region and supporting Egypt’s economic growth. A major driver of growth by refrigerated container exports, as the country solidifies its standing as one of the world’s leading citrus exporters. Since taking over operations in 2008, DP World has invested more than $1.3 billion in the modernisation of Sokhna Port to handle

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Industry Leaders in Adventure Tourism Gather in Fujairah to Chart Sector’s Future

Fujairah: Under the patronage of H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, the Emirate hosted a pioneering conference on adventure tourism. The Fujairah International Conference of Adventure Tourism, organised by the Fujairah Adventures Centre in partnership with the United Nations World Tourism Organisation (UN Tourism), marked a significant step for the industry in the region. According to Emirates News Agency, the event drew participation from key figures in tourism, with a concentrated focus on adventure tourism. The conference featured five sessions that delved into pivotal topics within the sector, collectively contributing to a strategic

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Noura Al Kaabi Underscores Cultural Heritage as Bridge to Peace at Abu Dhabi International Book Fair

Abu Dhabi: A panel discussion titled ‘Heritage for Peace: Safeguarding Heritage Sites in Conflict Zones’ was held at the Abu Dhabi International Book Fair 2025, with the participation of Noura Al Kaabi, Minister of State, and Dr. Ghassan SalamĀ©, Lebanon’s Minister of Culture. The session focused on the vital role of cultural heritage in promoting peace and rebuilding societies affected by conflict. Both speakers emphasised that preserving heritage serves as a bridge for peace and a pillar for identity preservation in war-torn communities. According to Emirates News Agency, Al Kaabi highlighted UAE-led initiatives that demonstrate how safeguarding cultural sites can

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