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Beirut / WAM The UAE Embassy in Beirut has held a virtual seminar entitled, “The Importance of the Human Fraternity Document to Research and Academic Work.” The seminar was attended by Prof Roula Talhouk, Director of the Islamic Christian Research and Documentation Centre (CEDIFR), at the Saint Joseph University of Beirut; and Dr Bilal Orfali, Sheikh Zayed Professor for Arabic ...

Al Ain / WAM Researchers at the United Arab Emirates University (UAEU) have made an unprecedented scientific advance that has the potential to revolutionise the water desalination industry. Scientists in the university’s National Water and Energy Centre have invented a new desalination system that dramatically reduces energy consumption during the desalination process. The low-energy desalination system has been granted a ...

Bloomberg Cars24 Services Pvt is raising $450 million in equity and debt from SoftBank Group Corp and other investors, underscoring growing demand for used vehicles as Covid disruptions and systemic chip shortages crimp auto production. The round values India’s largest used-car site at $1.84 billion, almost doubling from the end of last year. SoftBank, DST Global and Falcon Edge Capital ...

Bloomberg Hybrid vehicles are a better fit than battery-powered electric cars for India in the immediate future, given the nation’s shortcomings in EV infrastructure, according to the regional head of auto parts supplier Schaeffler AG. “Hybrid vehicles will play an equally important role because they are able to address some of the immediate infrastructure challenges around e-mobility,” Dharmesh Arora, Schaeffler’s ...

Bloomberg Indonesia’s moratorium on new oil palm plantation permits is set to expire this week as the industry awaits clarity on whether the government will extend the policy. President Joko Widodo ordered a stop to permit issuance for new plantations and expansion of existing ones for three years in a decree signed on September 19, 2018. That order expanded on ...

Bloomberg Amazon.com Inc stressed it has zero tolerance for graft and will investigate all allegations of corruption fully, responding to a report by an Indian news outlet that the US e-commerce giant has begun an internal investigation into claims of bribery. The US company started a probe into its legal representatives’ conduct in India, the Morning Context, a two-year-old media ...

Bloomberg Alibaba Group Holding Ltd’s Lazada Group is creating a new role to lead payments in Southeast Asia for the first time, and tapped a former Alipay executive for the position. Dayong Zhang, former general manager of Southeast Asia for Ant Group Co’s Alipay, will become Lazada’s head of payments, the company said, confirming a report by Bloomberg News. The ...

Bloomberg Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city. In a consultation paper, Hong Kong Exchanges & Clearing Ltd proposed that special purpose acquisition companies would need to raise at least HK$1 billion ($128 million) when listing and that retail investors would be barred from participating. ...

Bloomberg UK Prime Minister Boris Johnson said unprecedented surge in natural gas prices is a “temporary” problem caused by the global economy bouncing back after the pandemic, arguing a “phenomenal demand for gas” in Asia has affected UK supplies. “I want to give a general reassurance that the problems we’re seeing are temporary,” Johnson told reporters travelling with him to ...

Bloomberg Merck KGaA plans to invest more than 3 billion euros ($3.5 billion) through 2025 in its electronics business to capitalise on rising demand for semiconductor and display panel materials. The German company will expand production capacity, bolster research and development spending and is also considering bolt-on acquisitions, it said on Monday in a statement. Merck makes materials and technologies ...