News

Abu Dhabi / WAM The UAE has once again reaffirmed its strengths and capabilities to host significant international conferences after winning the bid to host the 28th edition of the Universal Postal Congress, which will be held in Dubai in 2025. This latest achievement reflects the country’s position as one of the world’s leading international business centres and regional hubs. ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 334,838 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As part ...

Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec), the emirate’s premier event venue is gearing up to host a wide variety of world-class exhibitions, conferences and events in the UAE capital and has announced its calendar for the rest of 2021. Khalifa Al Qubaisi, Chief Commercial Officer at Adnec, said, “Hosting such major international conferences and exhibitions highlight’s ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE) and the International REC Standard Foundation (I-REC Standard) signed a local Issuer agreement, formalising DoE’s position as the sole issuer of RECs in the emirate of Abu Dhabi. Commenting on the newly signed agreement, Eng. Awaidha Murshed Al Marar, Chairman of the Abu Dhabi Department of Energy, said, “With ...

Abu Dhabi / WAM As many as 1,000 entries across nine categories have already been received for the 16th edition of the Sheikh Zayed Book Award, the Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has revealed. With the submission process beginning in June and running until October ...

Bloomberg JD.com Inc’s shares soared as much as 10.5% after the e-commerce giant reported revenue that beat estimates, defying a crackdown on the Chinese internet sector that has depressed growth across the industry. The e-commerce giant’s shares gained by the most in almost a month in Hong Kong after it posted a better-than-expected 26% rise in revenue to 253.8 billion ...

Bloomberg Jindal Steel & Power Ltd plans to spend $2.4 billion over the next six years to ramp up capacity, joining its peers in announcing massive expansions as a recovery from the pandemic boosts demand. The steelmaker plans to raise total crude steel capacity to 15.9 million tons by March 2025 from 8.6 million tons, the New Delhi-based company said ...

Bloomberg Malaysia leads growth downgrades by economists across Southeast Asia as the delta variant forces countries to reimpose pandemic restrictions. Malaysia’s growth outlook for this year was downgraded the most, a swing of 1.4 percentage points to a 4.3% expansion, according to the latest economist survey results compiled by Bloomberg. Thailand, downgraded to 1.2% from 2.4% in May’s survey, is ...

Bloomberg Indian fintech startup Khatabook raised $100 million, seeking to expand its offerings beyond bookkeeping for merchants as smartphones win over users in the world’s second-most populous country. The round led by US venture capital firms Moore Strategic Ventures and Tribe Capital valued Khatabook at close to $600 million, the company said in an emailed statement. Alkeon Capital, Tencent Holdings ...

Bloomberg Delhivery Pvt, an Indian logistics and supply chain startup, plans to file a draft prospectus as soon as October for its initial public offering that could raise about $1 billion, according to people with knowledge of the matter. The company, backed by SoftBank Vision Fund and Carlyle Group Inc, is targeting a Mumbai listing before March next year, said ...