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Abu Dhabi / WAM Emirates Global Aluminium (EGA), announced the signing of a new three year contract with Vinacomin, a Vietnamese state-owned firm, extending the supply of Vietnamese alumina to the UAE until 2023. Under the agreement, EGA will continue to buy up to 300,000 tonnes of alumina from Vinacomin each year. The deal extends an agreement that EGA and ...

ABU DHABI / WAM Etihad Airways has announced that it is allowing travellers one complimentary date or destination change for all flights booked between March 8 and April 7, 2020. In a statement on Monday, the airline said the offer is valid for travel from March 22, 2020, and is applicable to all fares including Etihad Guest redemptions and Etihad ...

Bloomberg The coronavirus outbreak in South Korea is showing signs of slowing as the rate of new daily infections falls and health authorities almost finished testing members of a religious sect at the centre of the epidemic, the country’s health minister said. With the number of new cases slowing to 367 from 483 the day before, Health Minister Park Neung-hoo ...

Bloomberg Grab Holdings Inc closed offices in Singapore and Thailand for five days of cleaning after a Singapore-based employee, who previously visited the Bangkok office, tested positive for the coronavirus. “One employee who is based in our corporate office at Marina One West Tower in Singapore has come down with Covid-19,” Grab said on Monday in an emailed statement. “The ...

Bloomberg German Chancellor Angela Merkel’s government will invest an additional 12.4 billion euros ($14.1 billion) between 2021 and 2024 and take its first steps to help companies and workers affected by the fallout from the coronavirus outbreak. After more than seven hours of talks, Merkel’s coalition loosened rules for short-term work compensation. The changes will make it easier for companies ...

Bloomberg Facebook Inc. is being sued in Australia by the nation’s privacy regulator, which claims the social media giant exposed the personal data of more than 300,000 users to the risk of being used for political profiling. In proceedings lodged in the Federal Court, the Australian Information Commissioner alleges Facebook repeatedly breached privacy laws by disclosing user information to the ...

Bloomberg Many Lyft Inc. and Uber Technologies Inc. drivers have seen a bump in business from the spreading coronavirus, but they’re also weighing the risks of staying safe versus continuing to earn a paycheck. A study shows that more than half of ride-hailing drivers said they were now “very concerned” about reduced earnings as a result of the virus and ...

Bloomberg Sudanese Prime Minister Abdalla Hamdok said he was “in good shape” after a failed assassination attempt his government branded an attack on the revolution that ousted the North African nation’s long-time dictator last year. Hamdok and his entourage were traveling to work in the capital, Khartoum, when they were targeted in a “terrorist bombing and shooting,” Information Minister Faisal ...

DUBAI / WAM The Dubai International Financial Centre (DIFC), announced a record growth in 2019, registering an addition of 493 new businesses for the year. The total number of firms in the centre reached 2,437, up 14 percent from 2018, with a total of 32 percent growth since 2017. The DIFC now counts 17 of the world’s top 20 banks, ...

DUBAI / WAM The Business Registration and Licencing (BRL), sector of the Department of Economic Development (DED, Dubai), issued 4,459 new licences in February 2020 that created 11,877 jobs. Among the new licences issued, 72.4 percent were professional, 26.1 percent commercial, 1.1 percent related to tourism and 0.4 percent for industry. Deira accounted for the largest share (2,573), according to ...