Day: April 12, 2024

BEIJIING: China’s State Council released a guideline on strengthening regulation on Friday, forestalling risks and promoting the high-quality development of the capital market.

Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), said in an interview with China Central Television that the newly issued guideline on the capital market is significant as they mark the State Council’s another document steering the sector following the guidelines issued in 2004 and 2014.

“The new guideline first fully embodies the political and people-oriented nature of the capital market. It emphasises the necessity to uphold and strengthen the Party’s comprehensive leadership over the capital market, adhere to the people-centered value orientation, and more effectively protect the legitimate rights and interests of investors, especially medium and small investors. Second, it fully embodies the main line of strong supervision, risk prevention, and promotion of high-quality development. It stresses the adherenc
e to the keynote of stability, strengthening the fundamentals and foundation, rigorous supervision and management, and better services to the overall situation of high-quality economic and social development with high-quality development of the capital market itself,” said Wu.

Wu said that the newly introduced guideline is not evasive from sensitive topics, demonstrating a strong focus on goals and problem-solving.

“Particularly in view of outstanding problems in institutional mechanisms, supervision and law enforcement exposed in the stock market fluctuations since last August, we have shored up weaknesses and shortcomings timely, responded to investors’ concerns, promoted the settlement of deep-seated contradictions accumulated in the market over a long time, and accelerated the construction of a secure, regulated, transparent, open, dynamic and resilient capital market,” said Wu.

Source: Emirates News Agency

ABU DHABI: His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, has offered his condolences on the passing of Mohammed Abdulla Al Dhaheri.

His Highness expressed his sincere sympathies to the family and relatives of the deceased at the mourning majlis in Manazef Majlis in Al Ain.

Source: Emirates News Agency

SHANGHAI: Shanghai’s Yangshan port conducted China’s first ship-to-ship green methanol bunkering, or refueling, for a large dual-powered container vessel on Wednesday, according to a report by China Daily.

The bunkering operation was conducted by the Hai Gang Zhi Yuan vessel for the Astrid Mærsk, a ship belonging to the Danish shipping and logistics services provider A.P. Moller-Maersk. The Hai Gang Zhi Yuan stands as both China’s inaugural and one of the globe’s most sizable methanol bunkering vessels.

The bunkering represents one of the latest efforts by the global shipping industry in promoting green fuel, as stated by the Shanghai Municipal Transportation Commission.

Compared to conventional fuels, renewable methanol can reduce greenhouse gas emissions by up to 95 percent. This safe liquid fuel is increasingly emerging as a future green energy option for the shipping industry.

With over 200 methanol fuel-powered vessel orders worldwide, a significant increase in demand for green methanol fuel bunkerin
g is anticipated in the future.

The successful bunkering at the Shanghai Port by the Shanghai International Port Group marks a significant enhancement of Shanghai’s service capability as an international shipping center. This achievement further consolidates the resource allocation capacity of the container port of Shanghai and contributes to the global shipping industry’s green and low-carbon transformation, as stated by the commission.

Source: Emirates News Agency

MOSCOW: Dr. Ali Rashid Al Nuaimi, Chairman of the Defence, Interior and Foreign Affairs Committee at the Federal National Council (FNC), attended meetings with representatives of the BRICS Group of Nations in Moscow.

The meetings were held with Valentina Matvienko, Chairwoman of the Federation Council of the Federal Assembly of the Russian Federation; Chairman of the State Duma Vyacheslav Volodin; and Sergei Lavrov, Minister of Foreign Affairs of the Russian Federation.

The meetings emphasised on the importance of the Group’s role and parliamentary work in strengthening cooperation between the member states in economic, commercial, and political fields.

Sara Falaknaz, FNC Member, attended the meetings.

Source: Emirates News Agency

ABU DHABI: The National Centre for Meteorology (NCM) predicts partly cloudy skies for tomorrow across the UAE, with occasional cloudy periods in some areas. There’s a chance of scattered rain showers in some locations. Winds will be light to moderate, occasionally picking up speed.

The wind will be blowing from the northwest to the southeast at speeds between 10 and 25 kilometres per hour, with gusts up to 40 kilometres per hour.

In the Arabian Gulf, there will be light to moderate wave conditions. High tide is at 5:19 PM and 3:32 AM, while low tide is at 10:18 AM and 9:14 PM.

In the Sea of Oman, the wave conditions will be similar to the Arabian Gulf, ranging from light to moderate with some rough patches. High tide is at 1:38 PM and midnight, while low tide is at 7:18 PM and 7:33 AM.

Source: Emirates News Agency

ABU DHABI: The Joint Operations Command of the Ministry of Defence announced the successful completion of the 32nd ‘Birds of Goodness’ airdrop operation, delivering 87 tonnes of humanitarian aid and Eid clothing to northern Gaza.

Five aircraft, including two C17s from the UAE Air Force and two C295s and one C130 aircraft from the Egyptian Air Force, participated in the airdrop.

The airdropped supplies encompassed essential food items alongside special Eid clothing parcels for families. These parcels contained clothes, toys, sweets, and various products for all family members. The mission aimed to address the needs of the Palestinian people in Gaza during Eid Al Fitr, fostering hope and joy while alleviating their hardships.

The operation targeted isolated areas in northern Gaza that are difficult to access by land. The total amount of aid delivered since the launch of “Birds of Goodness” has reached 2025 tonnes of food and relief supplies.

This brings the total amount of aid sent by the UAE to northern Ga
za to over 2395 tonnes, including both land shipments through the Kerem Shalom crossing and airdrops via ‘Birds of Goodness.’

The “Birds of Goodness” campaign is part of Operation ‘Chivalrous Knight 3’ to support the Palestinian people in Gaza.

Source: Emirates News Agency