News

Abu Dhabi / Gulf Time Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, has opened sustainable corporate bank accounts with Citi and Standard Chartered Bank (StanChart). EGA is amongst the first in the region to choose the accounts, which ensure cash balances are used to finance or refinance the sustainability progress elsewhere ...

Dubai / WAM Dubai Chamber of Commerce has announced the establishment of the Zimbabwean Business Council with a main objective of promoting commercial interests of Zimbabwe and Zimbabwean businesses in Dubai. The business council also aims to promote Zimbabwe-owned UAE-registered companies as well as their goods and services in the UAE. The launch of the council is in line with ...

  Dubai / WAM The International Committee of the Red Cross (ICRC) and The Big Heart Foundation (TBHF) have signed a grant agreement worth AED550,000 ($150,000) in support of the ICRC’s health operations in Pakistan. The two-month programme is expected to commence in January 2023 and end in February 2023 and will support the running of the ICRC’s mobile clinic, ...

  Dubai / Gulf Time Jawhara Jewellery, the leading Emirati jewellery brand, in cooperation with the Dubai Gold and Jewellery Group, launched its new promotional campaign during the Dubai Shopping Festival (DSF), to give its customers an amazing shopping experience and a great opportunity to win 25 kilograms of gold. The promotional campaign, which runs until January 29, 2023, during ...

  Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) has partnered with Zayed Higher Organisation for People of Determination (ZHO) for the production of 2,500 reusable bags branded with “Mission to Zero”. Mission to Zero is a public awareness campaign that strives for zero plastic, waste, emissions and destruction of biodiversity through activations and outdoor advertising. The ...

  Abu Dhabi / WAM The Department of Health – Abu Dhabi (DoH) and the Make-A-Wish Foundation UAE (MAWF), signed a memorandum of understanding assisting the foundation to reach children with critical illnesses between the ages 3 and 18 years and grant their wishes to enrich them with joy, hope and strength during their medical treatment in the emirate’s healthcare ...

  Bloomberg With China’s massive construction sector still in a funk and the US and Europe likely heading into recessions, India has emerged as a savior for flagging global steel demand. Poised to overtake China as the world’s most populous country next year, India is in the midst of a building boom. Prime Minister Narendra Modi is seeking to modernise ...

  Bloomberg PLDT Inc is in talks with suppliers and vendors to cancel some projects and seek discounts as the Philippines’ biggest phone company by revenue aims to cut its 48-billion peso ($860 million) spending overrun. “The discussion also includes the possible replacement of certain projects that will be cancelled, with new projects that will improve revenue growth and customer ...

  Bloomberg India’s top investigating agency arrested the founder of Videocon Group Venugopal Dhoot, after it arrested Chanda Kochhar, a former chief executive officer at ICICI Bank Ltd, and her husband Deepak Kochhar on charges related to alleged improper lending. Dhoot was called in for questioning and arrested by the Central Bureau of Investigation (CBI), according to his lawyer Sandeep ...

  Bloomberg Profits at industrial firms in China declined in the first 11 months of the year, as production slowed and factory-gate prices fell amid Covid disruptions. Industrial profits in the January-November period fell 3.6% from a year earlier, the National Bureau of Statistics (NBS) said. That compared with a decline of 3% in the first 10 months of the ...