News

  Dubai / WAM The Bloomberg UAE Capital Markets Forum 2022 opened in Dubai, with the participation of local and international government and business leaders discussing the UAE’s global growth outlook, IPO boom and road to net zero. The forum’s three panel discussions assessed the economic impact of the UAE’s expanding trade relationships with fast-growth Asian and African economies, the ...

  ABU DHABI / WAM The Department of Community Development (DCD) in Abu Dhabi has launched Wyakom, an online platform, that empowers community members to address pressing social challenges. In partnership with Al Tawajud Al Baladi, the first phase of this pilot will focus on the Khalifa City community. The platform will invite residents to identify solutions to specific social ...

  ABU DHABI / WAM Around 7,035,000 people have benefited from the Emirates Red Crescent (ERC) Ramadan programmes in six Yemeni governorates, including Shabwa, Hadhramaut, Taiz, Hodeidah, Aden and Socotra, according to an ERC statement. Some 6,870,000 people benefited from the Ramadan Mir and Iftar project, while 165,000 people benefited from the Eid clothing initiatives. The programmes are in implementation ...

  Dubai / WAM The UAE’s National Association of Freight and Logistics (Nafl) has extended its support to the Federation of Freight Forwarders Associations in India for hosting the 3rd edition of Logix India a month after both countries signed the Comprehensive Economic Partnership Agreement (Cepa) to boost their merchandise trade to $100 billion over the coming five years. The ...

  Bloomberg Oyo, the high-profile affordable lodging startup that filed for an initial public offering last year, is considering slashing its fundraising target by half or even shelving the debut, according to people familiar with the matter. Faced with headwinds including slumping stock markets, Oyo-operator Oravel Stays Ltd could clip its Indian IPO from the nearly $1 billion initially sought ...

  Bloomberg The initial public offering of FabIndia Ltd, a retailer of clothing and furniture inspired by traditional Indian crafts, is a natural fit for global investors focused on environmental, social and governance criteria, according to its chief financial officer. “We are ESG in the way we operate in terms of connecting the artisans, the farmers,” Gopal Mishra said in ...

Bloomberg Only half of Chinese aged 80 and older are fully vaccinated against Covid-19, highlighting a key vulnerability as the country grapples with its worst outbreak since Wuhan and the prospect of reopening to the world. About 51% of over 80-year-olds have received two shots and some 20% have gotten boosters, health officials told reporters at a briefing in Beijing. ...

Bloomberg Southeast Asia’s tourist havens from Bali to Bangkok are moving to further reopen, rolling back Covid-19 restrictions to attract more visitors and bolster growth in their tourism-reliant economies. Thailand announced that it will further ease entry rules for vaccinated visitors starting from April 1. Foreign tourists will no longer be required to hold a Covid-free certificate issued within 72 ...

  Bloomberg Toyota Motor Corp has unveiled a project to introduce India’s first hydrogen-powered fuel cell electric car as one of the biggest emerging car markets looks to expedite its transition to clean transport. Local unit Toyota Kirloskar Motor Pvt will work with the government’s testing agency International Centre for Automotive Technology to study the fuel cell electric car Mirai ...

  MOSCOW / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met on Thursday with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, in Moscow. They discussed cooperation between the two countries and ways to enhance the bilateral strategic partnership in various fields. They exchanged views on key developments and ...