News

Abu Dhabi / WAM The Federal Authority for Identity, Citizenship, Customs and Port Security, and the National Emergency Crisis and Disasters Management Authority have updated the entry procedures through land borders for the citizens of neighbouring countries and those living in border areas, who are repeatedly entering and leaving the UAE. According to the updated procedures, all Gulf Cooperation Council ...

Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) has organised two car auctions at Al Mafraq vehicle impound during November, where 274 cars of different types were sold at competitive prices ranging from AED2,000 to AED175,000. The two auctions recorded a great attendance with the participation of 850 bidders, with the first auction attracting 470 bidders and 380 ...

OUAGADOUGOU / WAM Dr Fahad Obaid Mohammed Al Taffaq, UAE Ambassador to Nigeria and Non-Resident ambassador to Burkina Faso, has met with Burkina Faso’s ministers of Foreign Affairs and Economy, Finance and Development, several officials, and business people. He discussed relations between the two countries and ways to boost them. Al Taffaq met with Alpha Barry, Minister of Foreign Affairs, ...

Dubai / Emirates Business DP World, the leading smart trade enabler bagged The Terminal Operator of the Year and The Technology/Innovations awards at the eighth annual Maritime Standard Awards. Held on November 22, under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority and Chairman Emirates Airline and Group, the award ceremony witnessed ...

Dubai / WAM The 5th edition of the decoration, design and building materials exhibition ‘DecoBuild 2021’ kicks off on Wednesday at the Dubai World Trade Centre and continue until November 27. The four-day event is organised by the Mohammed Bin Rashid Housing Establishment (MRHE) with the participation of more than 80 exhibitors from government institutions, private sector companies, as well ...

Bloomberg Shares of India’s pioneering digital payments startup Paytm plummeted for a second day after its $2.5 billion initial public offering, marking one of the worst debuts ever by a major technology company. The stock fell about 14% after a 27% plunge in its debut Thursday, cutting its market value to about $12 billion. The drop has hit individual investors ...

Bloomberg BHP Group and Woodside Petroleum Ltd approved investment in a $12 billion Australian gas project as the companies also confirmed details of a merger to combine their energy assets. BHP agreed in August to merge its oil and gas business with Woodside to create a top 10 global energy producer. The deal, which is expected create synergies of over ...

Bloomberg Thailand’s unemployment rose to its highest level in more than 16 years after the worst wave of Covid-19 outbreak to hit the nation decimated jobs in the third quarter. The Southeast Asian nation had 870,000 unemployed people at the end of September, representing a 2.25% jobless rate, according to the National Economic and Social Development Council. It’s the worst ...

Bloomberg Singapore’s Mapletree Logistics Trust is set to acquire assets across China, Japan and Vietnam in deals worth over S$1.4 billion ($1.03 billion) amid growing consumption of e-commerce in those markets. The real estate investment trust is purchasing 13 logistics properties in China valued at S$870 million, while the proposed acquisitions of three similar assets in Vietnam are worth S$129.9 ...

Bloomberg South Korea’s exports are poised to extend a run of double-digit gains in November, underpinned by chip and ship sales and signalling global demand remains solid in the run up to the year-end holiday season. The value of Korea’s overseas shipments advanced 27.6% during the first 20 days of this month, the customs office reported, following a 24% increase ...