News

DUBAI / WAM Dubai is gearing up to host the region’s first official Snow Volleyball tournament in the second half of October this year in Ski Dubai at Mall of the Emirates. Held under the auspices of Fédération Internationale de Volleyball (FIVB), the four-day tournament is being organised by Esperia Volleyball Academy in cooperation with Dubai Sports Council and Ski ...

Abu Dhabi / WAM In cooperation with the Department of Health – Abu Dhabi, Abu Dhabi Health Services Company (Seha), the UAE’s largest healthcare network, has announced the provision of free Covid-19 PCR nasal swab tests for all students at selected Seha facilities and screening centres across the UAE. The initiative aims to implement the country leadership’s ambition to deliver ...

Abu Dhabi / WAM Abu Dhabi University (ADU) is gearing to kick-off the 2021-2022 academic year with a safe and secure hybrid learning environment that will make it easier for students to thrive and succeed. On August 29, ADU welcomed around 7,900 new and returning students to its upgraded, digitally sophisticated campuses in Abu Dhabi, Al Ain, Dubai, and Al ...

Bloomberg From Covid risks to talk of a reduction in US stimulus, there’s been no shortage of bad news for Asian currencies. An upcoming report on China’s manufacturing sector may add to the pressure. Traders are looking to Chinese factory data for clues on the global outlook after the world’s second-largest economy slowed more sharply than expected in July. The ...

Bloomberg OneDegree, a Hong Kong-based insurance technology company, raised $28 million in a new round of funding as the startup looks to expand in Asia. Sun Hung Kai & Co and AEF Greater Bay Area Fund took part in the series B1 round along with six existing investors, according to a statement on Monday. The latest investments take OneDegree’s total ...

Bloomberg Ride-hailing startup Ola has selected banks including Citigroup Inc and Kotak Mahindra Bank Ltd to manage its Mumbai initial public offering that could raise about $1 billion, according to people familiar with the matter. The company, backed by SoftBank Group Corp and Tiger Global Management, has also picked Morgan Stanley for the listing, said the people, who asked not ...

Bloomberg NetEase Inc is in final negotiations to poach Yakuza franchise creator Toshihiro Nagoshi from Sega, a sign of how Chinese games companies are expanding beyond their home turf during a government-led crackdown. The hire from Sega Sammy Holdings Inc would mark the biggest coup in a contest between NetEase and close rival Tencent Holdings Ltd to scoop up video ...

Bloomberg Sri Lanka’s volatile dollar bonds are set to jump the most in Asia this month after its central bank unexpectedly raised interest rates earlier in August in a move that may help boost the country’s foreign exchange reserves. But default concerns remain for the notes, with S&P Global Ratings last week cutting the outlook on its junk CCC+ ratings ...

Bloomberg Koo, India’s alternative to Twitter Inc, has surged past 10 million users to narrow the gap with the US microblogging site after its repeated clashes with the local government over the past few months. The 16-month-old app, which allows users to send tweet-like posts in English and seven Indian languages such as Hindi and Kannada, has seen about 85% ...

ABU DHABI / WAM The National Central Cooling Company PJSC (Tabreed) has announced the acquisition of an additional 50 percent stake in the exclusive 80,000 refrigeration ton district cooling scheme supplying Al Maryah Island in Abu Dhabi, including its major entertainment, hospitality, retail, commercial and residential developments. The acquisition is from joint venture partner, Mubadala Infrastructure Partners (MIP), bringing Tabreed’s ...