Bloomberg Walmart Inc’s e-commerce unit, Flipkart Online Services Pvt, signed a pact with tycoon Gautam Adani’s conglomerate to build one of the largest retail warehouses in India as the US giant gears up to battle Amazon.com Inc and homegrown rivals in the South Asian nation. The partnership marks the entry of Adani, India’s fastest-rising billionaire, into the three-way fight for ...

ABU DHABI / WAM Husin Bagis, Indonesian Ambassador to the UAE, stated that the UAE has achieved outstanding development over the past five decades and has become one of the most advanced countries in the world, due to its distinguished strategic vision based on foreseeing the future. In an interview with the Emirates News Agency (WAM), Bagis noted that the ...

BELGRADE / WAM Mubarak Saeed Burshaid Al Dhaheri, UAE Ambassador to Serbia, and Nikola Selakovic, Minister of Foreign Affairs of Serbia, have reviewed means to further develop cooperation between the two countries. During the meeting, the two sides commended the sincere friendship and fruitful cooperation between the UAE and Serbia thanks to the distinguished relationship between the leadership of the ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 193,896 additional coronavirus (Covid-19) tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 1,928 new coronavirus cases, bringing the total number of recorded cases in the UAE to 485,675. The ministry also noted that ...

Abu Dhabi / WAM Abu Dhabi University (ADU) has been ranked the best for employability in the UAE and third in the Arab world, according to the Global Employability Ranking and Survey 2020 (GEURS), a study published by French consultancy Emerging and Times Higher Education. The survey provides unique data and insights into the strategies that could be put in ...

Abu Dhabi / WAM The Governor of the central bank of the UAE (CBUAE) has appointed Ali Faisal Ba’Alawi as Head of the UAE Financial Intelligence Unit (FIU). This appointment represents the next step in the implementation of the UAE’s National AML/CFT Strategy and National Action Plan, the programme of reforms designed to strengthen the UAE’s anti-financial crime system following ...

Abu Dhabi / WAM Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company and the global aerospace engineering and leasing solutions leader, has closed a $55 million debt financing deal with the Commercial Bank of Dubai, one of the UAE’s leading financial institutions. The first-ever collaboration between Sanad Capital and the Commercial Bank of Dubai will fund the purchase of ...

JAKARTA / WAM Joko Widodo, President of Indonesia, ordered the renaming of a major road in Indonesia after His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in appreciation of His Highness Sheikh Mohamed and the distinguished ties between the UAE and Indonesia. Dr Pratinko, Minister for ...

Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation has urged private sector companies to pay the wages of their employees on time, under the framework of the national Wage Protection System aimed at ensuring labour stability. This issue is one of the challenges caused by the coronavirus (Covid-19) pandemic, which has negatively affected international labour markets and ...

Last week, the UK’s opposition Labour Party broke its three-month silence over Brexit to accuse the government of hiding evidence by not publishing an economic impact assessment. Shadow Cabinet Office minister Rachel Reeves cited Office for Budget Responsibility estimates that leaving the European Union has reduced Britain’s gross domestic product by 0.5% in the first quarter of 2021 and will ...