News

  Dubai / WAM The Ministry of Health and Prevention (MoHAP) has organised a national workshop in collaboration with the WHO Regional Office for the Eastern Mediterranean to address the “One Health” approach, an integrated, unifying tool for joint assessment and control of zoonotic diseases. The two-day workshop discussed the concept of the “One Health” approach, which requires combining the ...

  Dubai / WAM A steady surge of growth throughout the second quarter has propelled Dubai International’s (DXB) half yearly traffic to 27.9 million passengers. DXB achieved the milestone despite a significant reduction in capacity resulting from the 45-day closure of its northern runway in May-June for a major refurbishment project. Maintaining its growth recovery for the ninth successive quarter ...

  Bloomberg Tencent Holdings Ltd’s biggest investees plummeted after Reuters reported the social media giant intends to sell all or much of its $24 billion stake in food delivery giant Meituan to appease Beijing. The social media giant has engaged financial advisors in recent months on ways to execute the sale of a roughly 17% stake, Reuters reported, citing sources ...

  Bloomberg Delivery Hero SE sought to reassure investors with an accelerated plan to reach profitability by next year driven by its Asia business despite a broader slowdown in the food delivery industry. While growth has eased following a pandemic surge, the Berlin-based company said it will generate positive adjusted earnings in fiscal year 2023. It also forecast the value ...

  Bloomberg Hanwha Q Cells — one of the few solar-panel makers with US production — is considering sites for a massive new facility as the country prepares to incentivise cleantech manufacturing. The company is evaluating sites in Georgia, South Carolina and Texas, according to documents filed in Texas. The potential project in Dallas County, Texas, would feature a suite ...

  Bloomberg Mahindra & Mahindra Ltd launched five electric sports utility vehicles designed in the UK as the automaker seeks to expedite its lagging switch to battery-powered cars in India. The SUVs will be sold under two brands — XUV and BE — the automaker said in a video presentation. The electric vehicles were conceptualised at the Mahindra Advanced Design ...

  Bloomberg Sea Ltd posted a bigger loss than expected and withdrew its 2022 e-commerce forecast, joining other online giants struggling to gauge an increasingly uncertain global economic outlook. Its shares dived 14% in New York, wiping $800 million off the wealth of founder Forrest Li. Once Southeast Asia’s most-valuable company, Sea’s shares have now fallen almost 80% since peaking ...

  Bloomberg A heat wave in Sichuan is curbing hydropower generation in a growing threat to electricity supply and economic growth in one of China’s most-populous provinces. Some factories in the manufacturing hub in southwestern China are curbing production, and the extreme weather may also cut supplies of materials like polysilicon and lithium that are vital to the energy transition. ...

  Abu Dhabi / WAM The UAE is continuing to strengthen its food security system, through a comprehensive range of policies that include promoting cooperation with other countries and markets, diversifying sources, and attracting local and foreign agricultural investment. The country’s food import rate increased by 21 percent in the first half of 2022, recording over 41,000 tonnes of imported ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, sent a written letter to General Evariste Ndayishimiye, President of the Republic of Burundi, congratulating him on the occasion of assuming the presidency of the East African Community. The letter was delivered by Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of ...