News

Bloomberg Sri Lanka plans to repay a $1 billion bond by the Tuesday deadline, keeping intact its reputation for honouring debt as concern mounts about the nation’s overseas financing. Authorities will transfer the required funds on Monday, Ajith Nivard Cabraal, the state minister for money and capital markets, said. Moody’s Investors Service placed Sri Lanka’s ratings under review for a ...

Bloomberg AstraZeneca Plc is planning to import Covid-19 vaccines to Southeast Asia as its only manufacturing facility in the region struggles to ramp up output to meet demand from countries hit hard by the delta variant. The Anglo-Swedish drugmaker is scouring more than 20 supply chains in its global manufacturing network to find additional vaccines for Southeast Asia, including Thailand, ...

Bloomberg A Tesla Inc factory to produce cars in India is “quite likely” if the electric automaker can first begin sales with imported vehicles, according to Elon Musk. The California-based car producer is currently lobbying for lower taxes on imports as it considers plans to expand into India, one of the world’s biggest emerging car markets, people with knowledge of ...

Bloomberg Indonesia is extending its mobility curbs for another week until August 2 as coronavirus cases remain high following near month-long restrictions. Adjustments are made in order to allow small businesses to operate under strict health protocols, President Joko Widodo said in a briefing broadcast on YouTube. Traditional markets selling staple foods will open as normal, while shops selling non-food ...

DUBAI / WAM Dubai’s real estate sector recorded 6,388 sales transactions in June, worth AED14.79 billion, according to the 16th edition of Mo’asher, Dubai’s official sales price index. This was the highest value of sales in eight years, noted officials. The sales transactions in June 2021 were 44.33 percent higher, in terms of volume, and 33.2 percent higher in value ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry discussed with the Consulate-General of the Republic of South Korea in Dubai means of enhancing economic cooperation and commercial relations between companies and investment institutions operating in Sharjah and South Korea. They also discussed ways of supporting partnerships, along with investment opportunities available in information technology, healthcare, tourism, and culture. ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of condolences to President Xi Jinping of the People’s Republic of China on the victims of the floods in Henan province due to heavy rains. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...

Bloomberg The US and China barreled into their first high-level talks since March trading sanctions and rhetorical barbs, raising the stakes for the effort to stabilise strained relations between the world’s two largest economies. Deputy Secretary of State Wendy Sherman, the US’s No. 2 diplomat, is set to meet Foreign Minister Wang Yi on Monday in Tianjin, about 60 miles ...

ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem, has been selected by the Abu Dhabi Residents Office (ADRO), a division of the Department of Economic Development (Added), to endorse exceptional tech talent for their Entrepreneur Golden Visa from Abu Dhabi. Hub71 will review, evaluate and issue endorsement letters to entrepreneurial talent for the Entrepreneur Golden Visa based on ...

DUBAI / WAM Dubai has hosted 270 local and international sporting events during the first half of 2021, with the support, oversight and cooperation of the Dubai Sports Council. The council announced its figures and statistics on sporting events held from January 1 to June 30, which included international tournaments, social events, women’s sporting events, conferences, exhibitions and virtual events ...