Dubai / WAM Norway will promote its innovations, technologies and further development of the country’s ocean industries to a global audience of millions, after confirming its participation at Expo 2020 Dubai. The country’s participation was confirmed in a letter from Norway’s Prime Minister, Erna Solberg, delivered by Jens Eikaas, Norway’s Ambassador to the UAE, to Reem bint Ibrahim Al Hashemy, ...

Ajman / WAM The Ajman Media City Free Zone (AMCFZ), announced a range of customer-friendly, cost-effective packages for potential business owners. Ahead of the official launch of the free zone, Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of the AMCFZ, said, “Globally, entrepreneurs and small- and medium-sized enterprises (SMEs), are widely considered to be vital to national economies. We ...

Dhala / WAM The Emirates Red Crescent (ERC), launched a project to restore the “Martyr Ali Othman Naji School” in Al Markoula, Dhala District, as part of its plan to support the local education system in Yemen. The ERC’s efforts to restore Yemeni schools reflect the diversity of its humanitarian support for the people. Nabil Al Afif, Under-Secretary of Dhala ...

Dubai / WAM CNBC on Monday announced the expansion of its Middle East operations with a new studio set to open in October at Nasdaq Dubai. The network will use the new base at MarketSite, part of Nasdaq Dubai’s new offices in the Dubai International Financial Centre, DIFC, to further enhance its editorial presence across the region. With MarketSite at ...

Sharjah / WAM Sharjah Media Corporation (SMC), donated AED3 million to The Big Heart Foundation (TBHF), to build a hospital in the Cox’s Bazar district of Bangladesh for Rohingya refugees. Within the first year, the hospital is expected to receive 7,200 inpatients and provide access to quality healthcare for thousands of the district, which is populated by 140,000 Rohingya refugees ...

Bloomberg Central Group, one of Thailand’s biggest conglomerates, is studying options including a potential initial public offering of retail assets, people with knowledge of the matter said. The group is working on a restructuring of its retail operations ahead of a possible IPO as soon as next year, the people said, asking not to be identified because the information is ...

Bloomberg Ele.me, the food delivery platform acquired by Alibaba Group Holding Ltd., is on the hunt for $2 billion of new financing to help in its fight against Meituan Dianping, people familiar with the matter said. The Chinese company is seeking funds from potential investors such as venture capital firms to expand a business that’s burning enormous amounts of cash, ...

Bloomberg ZTE Corp. climbed as much as 15 percent after the US formally lifted a ban on its American technology purchases, allowing the Chinese telecoms gear-maker to resume business. The company’s shares marked a month’s high in Hong Kong and rose by their 10 percent daily limit in Shenzhen. Washington’s decision resolves a months-long moratorium that thrust ZTE into the ...

Bloomberg The ink had barely dried on the first joint statement between China and the European Union in three years before the complaints began. Following a rare decision to allow reporters inside a session with business leaders in Beijing on Monday, Chinese Premier Li Keqiang heard unfiltered comments from senior EU officials about the everyday reality for Europeans of conducting ...

Bloomberg How far has Subaru come during its 60 years of selling cars? Roughly seven feet. That’s the difference lengthwise between its first vehicle, the diminutive “360” later dubbed “the ladybug,” and a pumped up new SUV called the Ascent. Make no mistake. The Ascent is a Texas-sized rig, thoroughly incongruous with its creator’s climate conscious, blue-state reputation. It’s a ...