Dubai / WAM The UAE Health Council held a meeting bringing together many public and private health entities to discuss mechanisms of enhancing, integrating and coordinating health efforts, initiatives and projects to support the country’s strategic health plans and help develop an advanced health system based on innovation and creativity. The council’s assembly is in line with the UAE’s vision ...
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AFZ highlights new opportunities for growth in education sector
AJMAN / WAM Ajman Free Zone (AFZ) showcased its advanced capabilities as a viable environment for educational institutions during its participation at the Ajman International Education and Training Exhibition (Aetex) 2021. AFZ has become an attractive destination for educational institutions to establish their operations in the United Arab Emirates and continues to witness a growing interest among higher education, training ...
Read More »Air Arabia to resume flights to Moscow from May 1
Sharjah / WAM Sharjah-based low-cost carrier Air Arabia has announced the resumption of direct flights between Sharjah and Moscow starting May 1. Customers can now book their direct flights between Sharjah and Moscow by visiting Air Arabia’s website, by calling the call centre or through travel agencies. Ensuring the highest standards of safety at every step of the journey by ...
Read More »Increased fish stocks recorded in Abu Dhabi waters in 2020: EAD
Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD), which has been conducting research to assess the state of fish stocks since 2001, recorded a noticeable improvement in the state of fish stocks during 2020 for some of the major commercially fished species in Abu Dhabi waters. Following continued efforts under the directives of HHSheikh Hamdan bin Zayed ...
Read More »Korean economy joins China in surpassing pre-Covid peak
Bloomberg South Korea led the developed world to join China in exceeding the size of its pre-pandemic economy, as investment and exports helped it expand faster than expected. Gross domestic product grew 1.6% during January-March from the previous quarter, the Bank of Korea said, easily beating economists’ consensus for a 1.1% expansion. That pushed GDP above the level at the ...
Read More »Asia’s kids risk $1.25trn in income from closed schools
Bloomberg Widespread school closures amid the pandemic will likely reduce students’ future productivity and wages, the Asian Development Bank (ADB) said, estimating the present value of prospective lost earnings at $1.25 trillion for developing Asia. The region’s students, who on average have lost nearly one-third of the academic year to school closures, could see a 2.4% decline in their future ...
Read More »Ant-backed Zomato files for $1.1b Mumbai IPO
Bloomberg Zomato Ltd, an Indian food delivery startup backed by Jack Ma’s Ant Group Co, has filed an initial prospectus with Indian market regulator for an initial public offering that could raise as much as 82.5 billion rupees ($1.1 billion). The company plans to issue new shares to raise a maximum 75 billion rupees, while its major shareholder Info Edge ...
Read More »Soaring oxygen demand makes Indian tycoon slash steel output
Bloomberg India’s most valuable steelmaker is cutting output to step up supplies of medical-grade oxygen as the country grapples with a devastating shortage of the life-saving gas amid surging coronavirus infections. JSW Steel Ltd said it is reducing output to augment liquid medical oxygen supply to more than 900 tons a day by April-end, and more than 20,000 tons for ...
Read More »Glacial pace of vaccinations threatens Japan’s Olympics
Bloomberg In the race to vaccinate citizens against Covid-19, Japan should be a front-runner. It has nearly universal healthcare coverage and pharmaceutical prowess, not to mention a pending national election, a large elderly population and the looming Olympics to motivate political leaders to move fast. Yet it has the dubious distinction of being among the worst performers when it comes ...
Read More »Maruti Suzuki India’s profit narrows
Bloomberg Maruti Suzuki India Ltd’s profit narrowed and earnings trailed estimates as a resurgent Covid-19 outbreak hit consumer demand in Asia’s third-largest economy. Net income fell 9.3% to 11.7 billion rupees ($157 million) in the three months ended on March 31, the unit of Japan’s Suzuki Motor Corp said in a statement. That’s less than the average analyst estimate of ...
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