ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), a leading regional multi-line insurance provider for both corporate and individual customers, has partnered with Ajman Free Zone (AFZ) to provide health insurance plans for registered investors and entities. The agreement was signed by Alya Al Tamimi, Vice President – Branches and Direct Sales of Adnic and Ali AlSuwaidi, Director-General ...

Abu Dhabi / WAM The Media Regulatory Office of the Ministry of Culture and Youth on Wednesday announced a decision to resume the distribution of newspapers and magazines across the UAE’s public places, provided it is done in full compliance with precautionary and preventative measures regarding Covid-19. The decision follows a series of meetings held by the office with major ...

Dubai / WAM Dubai Chamber of Commerce and Industry’s international offices recently organised a webinar in cooperation with UAE homegrown marketplace on-demand delivery app InstaShop, which identified new business opportunities opening up within the UAE’s food e-commerce sector that companies in emerging markets can capitalise on. The webinar, titled Food E-commerce Awareness Webinar, attracted 84 participants from 33 countries, representing ...

Bloomberg China’s top economic planning body has been put in charge of devising a plan for the world’s biggest polluter to cut greenhouse gas emissions, indicating that climate policies are gaining a more central role in the nation’s long-term development strategy. The country’s top officials told the National Development and Reform Commission (NDRC) a few months ago to lead the ...

Investors who recently bought into multi-billion-dollar Chinese tech listings in the US may have thought they’d be enjoying the riches of some of the most hotly anticipated IPOs of the year. Instead, they’re staring at headlines churn about Beijing-led regulatory probes and watching their gains vanish. It’s a glaring example that the types of risks once relegated to boilerplate language, ...

Is the idea of a digital dollar just a fad — like the 1980s craze with parachute pants that became synonymous with Michael Jackson and MC Hammer? Randal Quarles, the Federal Reserve’s vice chair for supervision, recently used that very imagery to express his skepticism. He wasn’t trying to prejudge the monetary authority’s thinking, which will soon be outlined in ...

Here’s a word to add to your investing vocabulary: Dungers. The term for dilapidated, crumbling houses comes from New Zealand, which is in the grip of a striking property boom. The country topped Bloomberg Economics’ risk radar in June for being the most unaffordable housing market in the world. Judging by the dunger that sold for NZ$1.8 million ($1.3 million) ...

“I had to get out of America. It has gotten so ugly, so dark and my pessimism had grown so high that I needed to do something different.” That’s how pollster Frank Luntz, currently a visiting fellow at the Center for Policy Studies, explained his decision to spend a summer in Britain studying the political landscape. Brexit aside, Britain may ...

Bloomberg A wave of patriotic buying fuelled by the Xinjiang cotton controversy is helping shares of Chinese sportswear makers outperform global peers. Chinese consumer support in response to the alleged human-rights issues in Xinjiang region has boosted at least one local sneaker maker by some 250% since the controversy escalated in late March. A Bloomberg gauge of Hong Kong-listed apparel ...

Bloomberg Walmart Inc has hired a veteran of American Express Co to run Walmart+, the membership program it unveiled less than a year ago to counter Amazon.com Inc’s Prime plan. Chris Cracchiolo, a senior executive who spent 19 years at the credit-card company, will take over as senior vice president and general manager of Walmart+ on July 12, Chief Customer ...