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Abu Dhbai / WAM Since its establishment in 1971, Abu Dhabi Fund for Development (ADFD) has been playing a leading role in translating into reality the UAE’s vision to strengthen the economies of developing countries, as well as supporting the national economy and enhancing its global competitiveness. Over the past 50 years, the fund has financed thousands of strategic projects ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) announced the launch of the first official Public Profile for a tourism board on leading social media platform Snapchat – giving potential travellers the chance to explore everything that the UAE capital has to offer in a new and immersive way. Acting as a ...

FREETOWN / WAM President Julius Maada Bio of Sierra Leone has stressed the depth of relations between the UAE and Sierra Leone, expressing his aspiration to push them forward based on the prestigious stature the UAE enjoys in various fields. This came during his meeting with Major General Dr Ahmed Nasser Al Raisi, Inspector General of the Ministry of Interior, ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has signed a Memorandum of Understanding with French mobility specialist MND, a leading company in the ropeways industry, as part of its efforts to achieve Dubai’s vision to have 25 percent of all trips to be self-driving by 2030. The parties commit to work together to study and implement Cabline system ...

Bloomberg Philippine President Rodrigo Duterte pushed for opening the economy to more foreign investments in his final address to Congress, where he also pledged pandemic support to help businesses bounce back and defended his much-criticised drug war. Duterte called on lawmakers to amend laws to ease restrictions on international retailers and professionals, as well as to allow foreigners greater ownership ...

Bloomberg India’s digital learning pioneer Byju’s is buying professional training and higher education platform Great Learning for $600 million, accelerating an acquisition spree to expand globally. The cash-and-stock purchase marks an entry to the higher education segment for Byju’s, the company said on Monday in a statement. The sellers of Singapore-based Great Learning will receive certain payments based on its ...

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 ...