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Singapore Convention Week 2023 Provides Insights into the Future of Dispute Resolution, Attended by More Than 4500 participants

BEIJING, CHINA – Media OutReach – 14 September 2023 –

1. The Singapore Convention Week (SC Week) 2023 came to a conclusion after a successful run from 28 August to 1 September 2023. Organised by the Singapore Ministry of Law (MinLaw) in partnership with 29 partner organisations, SC Week 2023 featured a series of events focusing on various topics in dispute resolution that was attended by over 4500 disputes practitioners, general counsel, academia and government officials from all over the world.

Key Highlights & Insights from UNCITRAL Academy

2. As with previous editions, the UNCITRAL Academy, co-organised by MinLaw and the United Nations Commission on International Trade Law (UNCITRAL), was the highlight of SC Week 2023. Themed Tomorrow’s World Today: Leading the Future of Dispute Resolution, this year’s UNCITRAL Academy Conference and Capacity-Building Workshops were held from 29 to 31 August, and focused on navigating the future of dispute resolution, especially in a digital-first world against the backdrop of multiculturalism, sustainability and rapid changes.

3. In his welcome address at the opening of the UNCITRAL Academy Conference and Industry Capacity-Building Workshop, Singapore’s Minister for Culture, Community and Youth, and Second Minister for Law, Mr Edwin Tong SC said, “Building the world today for tomorrow has always been Singapore’s philosophy since independence. We applied the same philosophy to developing Singapore into the leading international dispute resolution hub it is today. We also developed a comprehensive suite of international commercial dispute resolution services. The Singapore Convention on Mediation is one contributing instrument, that provides parties with another viable option to resolve cross-border disputes. To date, we have 56 signatories, and 11 Parties to the Convention. I am confident more will sign and ratify soon.”

4. Ms Anna Joubin-Bret, Secretary of UNCITRAL, said in her opening remarks, “Every year, the SC Week provides the forum for thought leaders, practitioners and users to discuss around shared values and practices, and to explore what lies ahead of us. The discussions in Singapore have helped us spark ideas, acquire new perspectives and develop our thoughts further. This event has greatly contributed to our work over the past years and we trust that it will continue to do so.”

5. There were many insightful and engaging discussions over the course of the UNCITRAL Academy:

a. In the ‘Dispute Resolution in the Digital Economy’ panel, panellists shared their insights on electronic awards and digital evidence. They also discussed the challenges of using AI in dispute resolution, and how its core principles could be safeguarded even as the society continues to innovate.

i. “We have to stay aware of the latest developments, and also stay abreast with the potential challenges that might arise, and this will have an effect on legal education and legal training as well. There needs to be a discussion on what the parameters are for the use of legal technology, and to figure out what we as a dispute resolution community find important. To what extent do we want to sacrifice the normative values that we now place at the centre for the greater good of efficiency, is the question we should really be asking, especially now, when due process concerns sometimes have to make way for arguments for user-friendliness and efficiency,” Professor Maud Piers, Associate Professor, Ghent University; Vice- President, Belgian Centre of Arbitration and Mediation (Cepani) said.

b. Mr Lionel Yee SC, Deputy Attorney-General, Singapore Attorney-General’s Chambers moderated a fireside chat with Dr Hab Marcin Czepelak, Secretary-General, Permanent Court of Arbitration (PCA), the oldest permanent intergovernmental institution dedicated to the settlement of international disputes. The PCA Secretary-General outlined, from the PCA’s perspective, the emerging trends in international dispute settlement involving States, including that there would be more new types of dispute settlement methods besides arbitration being used by States. He reaffirmed the importance of the PCA’s office in Singapore, and highlighted the PCA’s desire to partner with Singapore to promote mediation.

i. “The PCA tries to offer an institutional dimension to a mediation process, which should mitigate some of the risks associated with mediation by giving it legitimacy. So if we continue partnering with states that promote mediation such as Singapore, I think finally we will get to the point where we will have cases confirming the role of mediation and all the benefits that mediation brings to the table. But it is important to really put some trust in it and that is part of my role as Secretary-General to promote and create sufficient trust for mediation,” Dr Hab Marcin Czepelak noted.

c. In the ‘Investor-State Mediation’ panel, panellists drew from their own professional experiences in investor-state disputes to share why and how, in light of the problems facing investor-state dispute settlement today, mediation was an effective option for addressing such disputes. They identified the roadblocks preventing more widespread use of investor-state mediation, as well as what could be done to promote its use. The recently adopted UNCITRAL model treaty provisions and guidelines on investment mediation were highlighted as a useful tool. Other solutions discussed were making mediation available during the operation of an investment and not only after a notice of dispute, including express reference to the availability of mediation in arbitration procedural orders, as well as the possible role of the advisory centre for investor-state disputes being discussed in UNCITRAL Working Group III.

d. In the ‘Navigating Inter-Cultural Needs in Mediation and Arbitration’ panel, panellists discussed how cultures and inherent biases can be naturally and subconsciously incorporated into the way people conduct themselves or perform tasks, and how cultural differences can impact the approach taken in the resolution of disputes, which in turn, can influence the outcome of proceedings.

e. In the ‘Dispute Resolution for Carbon Markets’ panel, a panel of experts explained the workings of the carbon markets and shared the challenges and legal complications in the carbon markets as well as their insights on navigating carbon market disputes.

f. During the Industry Capacity-Building Workshop, supported by the Singapore International Mediation Centre and titled ‘Mediation Advocacy: From Breakdown to Breakthrough’, the panellists discussed the importance of mediation advocacy for clients, counsel and mediators, and shared practical tips such as how to prepare for mediation and how to identify the ideal modality (whether in-person, virtual or hybrid) for mediation.

i. During his sharing on what it means to be a lawyer who is also a mediation advocate, Mr Francis Goh, Partner; Head, International Arbitration and Mediation, Harry Elias Partnership LLP shared “Mediation advocacy – it is not weakness. The trained mediation advocate is able to advance his clients’ interest. It is the wearing of steel gloves covered in velvet. It is about advancing the case towards finding a solution. Mediation advocacy is a critical element for all lawyers to embrace. You take it out, you switch hats as necessary. Mediation is just one toolkit within the dispute resolution spectrum that a trained dispute resolver will use effectively to advance his clients’ interest.”

g. The UNCITRAL Academy Conference ended with a lively debate on the motion ‘Robots are Better Arbitrators and Mediators than Humans’, during which the two teams gave their perspectives on whether AI can replace humans in this realm. Based on the audience’s votes, the debate concluded with the team representing humans winning the debate.

h. Apart from the Conference and Industry Capacity-Building Workshop, two other capacity-building workshops were held under the auspices of the UNCITRAL Academy, which were attended by government representatives from around the world.

i. The Government Capacity-Building Workshop, supported by the Singapore International Dispute Resolution Academy (SIDRA), featured speakers from countries that have made recent progress on the Singapore Convention on Mediation, who shared their experience in signing and ratifying the Convention. Participants also heard from experts and exchanged views on topics relating to regulatory incentives for lawyers, the attitude of the courts, and the establishment of legal frameworks, with regard to mediation.

ii. The Investor-State Dispute Settlement Capacity-Building Workshop, supported by SIDRA and the International Centre for Settlement of Investment Disputes (ICSID), explored the latest developments in the field of investment mediation. The workshop also looked at “myths” and practical challenges surrounding the use of investment mediation from the perspectives of different stakeholders, including issues such as the optimal time to mediate, and how to navigate the mediation process.

6. Leading local and international organisations such as the Singapore International Arbitration Centre (SIAC), the Singapore International Mediation Centre (SIMC), the Singapore International Commercial Court (SICC), the International Chamber of Commerce (ICC), and the International Bar Association (IBA) also held panels and other events in conjunction with SC Week 2023.

Key Takeaways from SC Week 2023 Attendees

7. Attendees of SC Week 2023 shared their key takeaways:

a. “I find the program lineup very interesting. There are all sorts of people from different areas and all have a different take on dispute resolution. I like the panel discussions, especially the idea of the fireside chat. Instead of doing presentations, the panel discussions are a more comfortable setting,” Justice Mata Tuatagaloa, Judge at the Supreme Court of Samoa said.

b. “The programme is actually pretty eclectic. There is something for everyone, and most people look forward to the networking sessions. Everybody wants to meet old friends from faraway countries because they all converge in Singapore. The entire legal world, the entire global commons is descending upon Singapore, so what it tells me is that Singapore has developed rapidly and cemented its position as one of the world’s most important dispute resolution jurisdictions. I think that we are in that handful of jurisdictions that are important and front of mind,” Mr Thio Shen Yi SC, Joint Managing Partner at TSMP Law Corporation said.

c. “This was a reminder once again – Singapore has already become the world’s leading hub in dispute resolution. Not just for arbitration, not just for mediation, it is really the entire infrastructure with SICC, SIMC, SIAC, and I will not be surprised to see Singapore become the leading hub as the favourite place in the next Queen Mary study on international arbitration,” Dr Harald Sippel, Head of European and Northeast Asian Desk at Skrine said.

8. The SC Week continues to provide a critical platform for thought leaders in dispute resolution and international policymakers to share insights, learnings, and best practices in an evolving global landscape. The key highlights of SC Week 2023 are available at www.singaporeconventionweek.sg.

Hashtag: #MinistryofLawSingapore

The issuer is solely responsible for the content of this announcement.

About Singapore Convention Week (SC Week)

The Singapore Convention Week (SC Week), a flagship week-long event organised by the Ministry of Law, in collaboration with various partner organisations, where the greatest legal minds and global partners converge, discuss, network and exchange ideas on the latest trends and developments in different forms of international dispute resolution. For more information about SC Week 2023, please visit

Taiwan Stock Exchange engages in discussions with US exchanges on ESG development and enhancing capital market cooperation

SINGAPORE – Media OutReach – 14 September 2023 – A delegation of the Securities and Futures Bureau of Taiwan’s Financial Supervisory Commission and the Taiwan Stock Exchange (the “TWSE”) began its nine-day visit to the US on September 11. The delegation visited two US exchanges, the New York Stock Exchange (the “NYSE”) and Nasdaq, and will visit The Depository Trust & Clearing Company (the “DTCC”) to engage in discussions with their US counterparts on ESG initiatives, carbon exchanges, and listing regulations, as well as the U.S. move to T+1 with the aim to deepen cooperation between the two capital markets.

Photo (from left to right): James K.J. Lee, Director-General, Taipei Economic and Cultural Office in New York, Chen-Shan Chang, Director-General of the Securities and Futures Bureau of the Financial Supervisory Commission, and Sherman Lin, Chairman and CEO of the TWSE visited Nasdaq and watched the opening bell ringing ceremony.
Photo (from left to right): James K.J. Lee, Director-General, Taipei Economic and Cultural Office in New York, Chen-Shan Chang, Director-General of the Securities and Futures Bureau of the Financial Supervisory Commission, and Sherman Lin, Chairman and CEO of the TWSE visited Nasdaq and watched the opening bell ringing ceremony.

The visit marks the first high-level meeting between the TWSE and both the Nasdaq and the NYSE in five years. The delegation met with senior representatives from Nasdaq and the NYSE, and watched Nasdaq’s opening bell ringing ceremony at the invitation of Nasdaq.

As competition among international exchanges intensifies, the TWSE has prioritized the development of new strategies to meet evolving challenges and stay competitive globally. Marking the TWSE’s first visit to the US since the outbreak of the Covid-19 pandemic, the delegation, led by Chen-Shan Chang, Director-General of the Securities and Futures Bureau of the Financial Supervisory Commission, and Sherman Lin, Chairman and CEO of the TWSE, visited both the NYSE and Nasdaq, with James K.J. Lee, Director-General, Taipei Economic and Cultural Office in New York, joining the Nasdaq visit.

Lin said, “We have embarked on a fruitful US visit to share our views and ideas face-to-face with the two major exchanges in the US. We have also been invited to watch the Nasdaq opening bell ceremony, a testament that the visit is highly valued by both Taiwan and the US. We look forward to strengthening the solid foundation for networking and partnership between the TWSE and the leading exchanges in the US.”

Global IPO activity has seen a slowdown this year. To continue to attract quality companies to apply for listing in Taiwan, the TWSE also exchanged views with the two major US exchanges on listing conditions that strike a balance between revitalizing the market and practicing supervision, as well as ways to explore listing sources overseas.

The TWSE and Nasdaq discussed the important role carbon exchanges can play channeling capital to sustainability projects. The TWSE shared insights on the Taiwan Carbon Solution Exchange inaugurated in August, conducting in-depth discussions on issues like emission reduction, green energy development, climate change, and carbon credit related investment products. TWSE also shared its vision on establishing a carbon trading platform that is efficient and meets the user demand, so as to support the development of the carbon market and green investment.

TWSE to gain insights on US move to T+1 from DTCC

As the U.S. financial services industry continues to make significant progress towards implementing a shortened T+1 settlement cycle for transactions in U.S. cash equities, corporate debt, and unit investment trusts on May 28, 2024, the TWSE is scheduled to meet with Frank La Salla, President, CEO and Director of DTCC, a leading provider of US market infrastructure, to seek insights on the U.S. shift to T+1.

Frank La Salla said, “DTCC remains committed to safeguarding financial markets around the world while continuing to deliver new and innovative solutions that deliver maximum value to our clients. We look forward to meeting with the TWSE to share more information on key initiatives, such as accelerating settlement to T+1 in the U.S., as well as opportunities to further mitigate risk and increase market efficiencies.”

Hashtag: #TWSE

The issuer is solely responsible for the content of this announcement.

About TWSE

The Taiwan Stock Exchange (the “TWSE”) started operations on February 9, 1962. The TWSE is responsible for operating and advancing Taiwan securities market. The TWSE’s primary business operations include listing, trading, settlement and surveillance. These comprise listing promotion and review, post-listing supervision and corporate governance, maintaining market trading and order, securities firms’ services, investor protection, clearing and settlement operations, safeguarding against market defaults and the monitoring of illegal transactions. The Exchange provides comprehensive services to the stock market.

France Orders Apple to Halt iPhone 12 Sales Over Radiation Concerns

France Orders Apple to Halt iPhone 12 Sales Over Radiation Concerns
FILE: this iPhone12 image is used only for representational purpose (photo: Trusted Review)

According to a BBC report, France ordered Apple on Tuesday to halt iPhone 12 sales in the country for emitting high levels of electromagnetic radiation.

Twelve Annual Festival Highlights that Showcase the Rich Heritage of Laos

(Photo: Champa Meuang Lao)

Since ancient times, the Lao lunar calendar has celebrated traditional festivals, one per month, in a cycle called Hit Sip Song (the twelve traditions). These are celebrated in different ways in different areas of the country, with some of these rituals nearly disappearing. Get a deeper look at how Lao people honor their customs and build karma throughout the year.

Skyborn receives environmental permit to build 1 GW-Storgrundet Offshore wind farm in Sweden

  • Environmental permit for Storgrundet Offshore wind farm
  • Generation of 3–3.5 TWh annually
  • Contribution to clean energy transition in Sweden

STOCKHOLM, SWEDEN – EQS Newswire – 14 September 2023 – Skyborn Renewables (Skyborn) has received the environmental permit from the Swedish Land and Environment Court to build the Storgrundet Offshore wind farm, marking an important milestone in realizing the project. The permit allows for a maximum of 51 wind turbines, which, when fully operational, will have a capacity of roughly 1 GW and generate 3–3.5 TWh of electricity annually. The operationalization of the Storgrundet offshore wind farm depends on the granting of further permits, including the grid connection permit. The project is planned to be operational before the end of the decade.

Caption

“We welcome the Court’s decision, which constitutes a central milestone for Storgrundet Offshore and brings us closer to realizing this long-planned project. We will now focus on securing the remaining permits,” commented Hanna Magnusson, Interim Managing Director of Skyborn Sweden. “At a time when the demand for fossil-free electricity is at its peak, Storgrundet will contribute significantly to Sweden’s clean energy transition.”

The project area is in Gävleborg county, situated about 15 kilometers from the mainland in Gävle and Söderhamn municipalities. It is recognized as a site of national importance for energy production and extraction in Sweden’s marine spatial plans. The electricity production from Storgrundet Offshore will equal roughly 70% of the current electricity demand in Gävleborg county.

Earlier this year, Skyborn submitted two separate permit applications to the Swedish government for offshore wind in the Bothnian Sea, one for Eystrasalt Offshore and one for Fyrskeppet Offshore. In total, Skyborn’s development portfolio in Sweden has a potential power production of 40 TWh annually.

About Storgrundet Offshore:

  • Number of WTG: Maximum 51 units
  • Capacity: Approx. 1 GW (1,020 MW)
  • Production Approx. 3–3.5 TWh
  • Location: Approx. 15 km from the mainland in Gävle and Söderhamn municipalities, Gävleborg County, Sweden
  • Status: In development

This press release and press photos are available at
skybornrenewables.com/articles/newsroom/storgrundet_enviromental_permit

The issuer is solely responsible for the content of this announcement.

About Skyborn Renewables

Skyborn Renewables is driving global decarbonization by accelerating offshore wind energy across the world. We believe offshore wind is a cornerstone of the clean energy transition and an enabler for achieving net-zero targets, ensuring energy security and developing a sustainable energy supply for future generations. Skyborn is an accomplished offshore wind developer and operator with more than 20 years’ experience. Our capabilities cover the entire offshore wind value chain, including greenfield development, engineering and design, procurement, financing, corporate power purchase agreements, construction management and asset management.

For more information, visit

Cellini Marks 37 Years of Quality Craftsmanship and Unveils Exclusive Anniversary Sale

Unlock a world of savings with Cellini’s exclusive Anniversary Sale. Get ready to double the joy as you enjoy up to S$700 in savings on top of the home-grown designer furniture brand’s regular discounts. Delight in tiered cashback discounts and exclusive bundle offers on everything from Home Packages to Nightingale Premium Mattresses. Don’t let this opportunity slip by; it’s your chance to elevate your living spaces with quality furniture at unmatched prices.

SINGAPORE – Media OutReach – 14 September 2023 – From now till 29 October 2023, embark on a shopping extravaganza like no other during Cellini’s exclusive 37th Anniversary Sale. To celebrate this significant milestone, the most expansive promotion ever is being rolled out for homeowners to immerse themselves in. Revel in exclusive discounts and enticing offers, featuring up to S$700 in instant cashback and purchase-with-purchase deals.

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Discover Exclusive Deals and Indulge in Cellini’s Architectural Aesthetic

Prepare for an exceptional shopping adventure at Cellini, where exclusive deals on a wide furniture collection come with an impressive range of tiered cashback discounts, purchase-with-purchase deals and more. Get set to dive head first in the ultimate season of home transformation and fulfil your interior dreams, whether you’re a discerning furniture enthusiast or looking for exquisite additions to elevate your living spaces.

For everything from the Homer Motorised Fabric Recliner Sofa to the Carrara Quartz Top Dining Table with Marble Accents, unlock double the joy as you shop with the added bonus of earning instant cashback on top of regular discounts based on your spending. Redefine your space with these limited-time promotions

37th Anniversary Sale
From Now – 29 October 2023
Minimum Spend Instant Tiered Cashback Value*
S$3000 S$100 cashback
S$4000 S$200 cashback
S$5000 S$300 cashback

*Product exclusions and T&Cs apply (Tiered cashback discounts are not applicable for Nightingale Premium Mattress products).

Beyond the appealing instant cashback offers, embrace the world of exquisite craftsmanship and luxury living with sales on a curated selection of the brand’s finest furniture collections and packages.

Transform your living spaces with the versatile Home Package Bundles, specially designed for compact spaces. Crafted for functionality, durability, and affordable luxury, enjoy the freedom to mix and match furniture options in-store. Not only will you save S$400, but you’ll also earn an extra S$300 instant cashback!

For a night of unparalleled rest, consider the Nightingale Premium Mattress. Save up to S$500 in instant cashback when you choose selected mattresses such as Seville Lux, Botania, Natura and Flow from the collection. And for the perfect bedside companion, snatch up the Dansk Bedside Table at just S$37 as a purchase-with-purchase deal (limited to one redemption per bill).

Unlock Incredible Savings at Cellini’s Anniversary Sale

Leading Singapore’s contemporary furniture market since 1986, Cellini is celebrated for its artistic and quality home-grown designer furniture. Its industry excellence is showcased through prestigious accolades, notably the recent “Singapore’s Best Customer Service 2023/2024” Award, which recognises its exceptional service in the premium furniture retail sector. Now, Cellini is thrilled to mark its 37th anniversary with an exclusive sale, delivering what customers truly desire. Whether you’re transforming your living room or upgrading your bedroom, join in the celebration to commemorate decades of quality craftsmanship and design with colossal savings on all your furniture favourites, including the latest furniture collections like the Alba and Fluto Series!

Hashtag: #Cellini



The issuer is solely responsible for the content of this announcement.

Cellini Singapore

Cellini is a home-grown designer furniture brand in Singapore. Investing in state-of-the-art technology, Cellini’s furniture showrooms boast specially curated pieces that are second-to-none in terms of quality craftsmanship. It has also expanded its services to offer timeless furniture pieces across Asia, in Indonesia, Malaysia, and Taiwan, in addition to making its mark as a successful e-commerce business. For more information, please visit: .

Global cities Dubai and Hong Kong forge financial services partnership to activate economic corridor

  • Dubai’s Department of Economy and Tourism (DET) and the Financial Services and the Treasury Bureau of the Government of the Hong Kong Special Administrative Region of the People’s Republic of China (Hong Kong, China) sign Memorandum of Understanding (MoU) at the Belt and Road Summit in Hong Kong
  • The MoU will facilitate cross-market connectivity, synergy and opportunities in financial services, and support the development of family office hubs and greater collaboration between the two cities in fintech, virtual assets and green and sustainable finance, etc.


DUBAI, UNITED ARAB EMIRATES – Media OutReach – 14 September 2023 – Dubai’s Department of Economy and Tourism (DET) and the Financial Services and the Treasury Bureau of the Government of Hong Kong, China signed a MoU aimed at fostering financial cooperation between Dubai and Hong Kong. The MoU was signed at the Belt and Road Summit in Hong Kong by Hadi Badri and Mr Joseph Chan, the Under Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region.

The MoU represents a strong commitment towards economic partnership in the financial services sector and highlights the intent of the Governments of Dubai and Hong Kong Special Administrative Region to cultivate their bilateral relationship through knowledge exchange and fostering collaboration between their financial markets, thereby contributing to thriving development of the financial services sectors in both cities.

The MoU paves the way for a dynamic partnership, with the two places poised to transform the family office sector’s landscape, strengthen connections and drive cross-market opportunities.

Hadi Badri, CEO of Dubai Economic Development Corporation, Dubai Department of Economy and Tourism: “This landmark agreement MOU is aligned with the financial services priorities of both cities’ governments, and sets the stage for enhanced economic knowledge exchange and collaboration between a range of stakeholders. We are steadfast in our commitment to fostering family office hubs, cultivating enhanced collaboration across capital markets, fintech and virtual assets between the two cities.”

A spokesperson for the Government of the Hong Kong Special Administrative Region said: “The MOU reaffirms the commitment of the Hong Kong Special Administrative Region and Dubai on strengthening the broader relationship and cooperation between the two places, and facilitates the mutual sustainable development of the financial services industries. Furthermore, the MOU will help facilitate policy communication, knowledge exchange and identification of cooperation opportunities in the key areas of financial services industry between the two places, including but not limited to family offices, fintech, virtual asset, green and sustainable finance, etc.”

The MoU will also facilitate the growth of the cities’ Fintech ecosystems, potentially with joint events hosted with relevant agencies, in addition to developing the virtual asset sector. Another key feature of the MoU is accelerating knowledge exchange within the crucial domain of green and sustainable finance, including best practices, product information and nurturing of talent.

The MoU also adds impetus to Dubai’s Economic Agenda 2033, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai, to consolidate Dubai’s status as one of the top three global cities and to double the city’s economy in the next decade.

Hadi Badri said: ” This strategic alliance is another milestone for Dubai and symbolises our commitment towards realising the vision of our leadership’s D33 ambitions to position Dubai as a top 4 global financial capital, as well as building an economic corridor in partnership with Hong Kong, China to generate incremental and sustainable economic growth.

“I am confident that this MoU will provide a platform for greater economic collaboration between stakeholders participating in the family office and financial services industries in both cities. Our focus will remain on harnessing our strengths and capabilities, uncovering novel opportunities within markets, and nurturing the growth of the financial sectors within the emerging economy. We will emphasize on leveraging our unique attributes; exploring innovative markets prospects, and developing out the new economy’s financial sectors.”

This strategic partnership aims to facilitate innovative collaborations between Dubai and Hong Kong, China, encompassing activities such as skill development programs, innovation challenges, research collaboration, and sustainability initiatives. The MoU enables both parties to harness the expertise of financial regulatory bodies, organizations, institutions, and industry representatives, enhancing cooperation and identifying opportunities for joint efforts. This collaboration will streamline the identification and execution of cooperative activities between the two places.

Hashtag: #DepartmentofEconomyandTourisminDubai

The issuer is solely responsible for the content of this announcement.

About Dubai’s Department of Economy and Tourism (DET)

With the ultimate vision of making Dubai, the world’s leading commercial centre, investment hub and tourism destination, Dubai’s Department of Economy and Tourism (DET) is mandated to support the Government in positioning the emirate as a major hub for global economy and tourism, and in boosting the city’s economic and tourism competitiveness indicators. Under this remit, DET is driving efforts to further enhance Dubai’s diversified, innovative service-based economy to attract top global talent, deliver a world-class business environment and accelerate productivity growth. Additionally, DET is supporting Dubai’s vision to become the world’s best city to live and work in by promoting its diverse destination proposition, unique lifestyle and outstanding quality of life, overall.

Four People Killed by Explosive During Dinner Gathering in Luang Prabang

Bomb Explosion Kills Four, Injure Two During Dinner Gathering
A type of hand grenade. (Photo: AP/Kevin Frayer)

Four people were killed, and two were severely injured, when a grenade went off during a dinner gathering in Nam Bak district, Luang Prabang Province on Wednesday.