News

Dubai / WAM The Dubai Police General Command, in cooperation with partners at local and national levels, has recently organised a meeting for liaisons officers in the country to review security plans, scenarios, and procedures for the upcoming Expo 2020, and to check the readiness of teams and committees involved. The meeting, which was held at Dubai Police Officers Club, ...

Abu Dhabi / WAM The implementation team of the Hazardous Materials Monitoring Programme in Abu Dhabi has completed the inventory and classification of hazardous materials. They have checked the preventive and safety measures in the stores selling hazardous materials and taken appropriate corrective measures. The team was led by Brigadier Humaid Saeed Alefreet, Deputy Director of Security and Ports Affairs ...

Abu Dhabi / WAM The UAE on Monday sent an aid plane containing 49 metric tons of food to Mauritania as part of its humanitarian initiatives during the Holy Month of Ramadan to assist those facing humanitarian challenges resulting from the Covid-19 pandemic. Hamad Ghanem Al Mehairi, UAE Ambassador to the Islamic Republic of Mauritania, said, “The UAE constantly seeks ...

Sharjah / WAM The Hamriyah Free Zone (HFZA)-based Awail Al-Sham, owner of the Al Awail brand for prayer times clock and other innovative e-products, has announced that its products have become available in 100 markets worldwide, as opposed to 50 markets in 2013, the year in which the company has opted for the HFZA as its new headquarters, achieving a ...

Bloomberg China’s government has expanded its antitrust crackdown beyond Jack Ma’s technology empire, launching an investigation into suspected monopolistic practices by food-delivery behemoth Meituan. The State Administration for Market Regulation (SAMR) announced the investigation, which began recently, in a statement. The antitrust watchdog is looking into alleged abuses including forced exclusivity arrangements known as “pick one of two.” The company ...

Bloomberg A quarantine-free air travel bubble between Hong Kong and Singapore is finally slated to get off the ground with a start date of May 26, following setbacks that led to the plan initially being shelved last November. Largely shut off from the rest of the world during the pandemic, the two sides have been in talks for months to ...

Bloomberg Just two weeks ago, the International Monetary Fund (IMF) upgraded India’s economic growth forecast to 12.5% — the quickest rate among major economies. Now, as Covid-19 cases surge the most globally, that bullish view is looking increasingly in doubt. In Delhi, India’s political capital, the streets are mostly empty and the markets nearly deserted with almost all shops closed ...

Bloomberg As global banks make inroads into China’s $15 trillion asset management market, China International Capital Corp is launching a counter-offensive spanning from overseas acquisitions to hiring. CICC is searching for potential targets among medium-sized, Asia-focused managers including stock houses and hedge funds, said Frank Xu, head of asset management. Without takeovers, the size of his business line is already ...

Bloomberg Shares of the world’s largest rubber glove maker rose to a two-month high after the company cut its share sale in Hong Kong by nearly half of its earlier target, a move analysts said will minimise earnings dilution. Top Glove Corp climbed as much as 2.5% in Kuala Lumpur, the highest since February 23. The company, whose shares also ...

Bloomberg Ronnie Screwvala pioneered cable television in India in the 1980s and then built a unicorn that was acquired by Walt Disney Co. At 64, the entrepreneur’s latest venture UpGrad is speeding towards a landmark $1 billion valuation. The higher education and upskilling startup raised $120 million from Singapore-based investor Temasek Holdings Pte, according to its co-founder. That’s the first ...