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ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 225,159 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 2,721 new coronavirus cases, bringing the total number of recorded cases in the UAE to 396,771. The ministry also noted that an ...

Bloomberg For US politicians, China’s potential to dominate sensitive cutting-edge technologies poses one of the biggest geopolitical threats of the next few decades. President Xi Jinping is similarly worried the US will block China’s rise, and this week will unveil plans for greater self-sufficiency. At an annual session of China’s legislature, top Communist Party leaders will approve a five-year policy ...

Bloomberg Bharti Airtel Ltd, India’s second-largest wireless carrier by subscribers, will spend $2.6 billion acquiring new airwaves in an ongoing spectrum auction in India. The carrier, led by billionaire Sunil Mittal, acquired airwaves worth 186.99 billion rupees ($2.55 billion), according to a statement from the company on Tuesday. It added 355.45 megahertz to its spectrum portfolio and can now reach ...

Bloomberg Factories in Taiwan faced the longest delays on record in securing raw materials and components in February as they worked overtime to keep up with surging demand from clients overseas. Manufacturers cited low stock levels at suppliers, a shortage of freight containers and delayed shipping schedules as main reasons for the biggest delays since records began nearly 17 years ...

Bloomberg Hong Kong is exploring allowing listing of special purpose acquisition companies (SPAC), jumping into a market that has sparked a frenzy of US dealmaking. The government has asked the Hong Kong exchange and the city’s financial regulator to look into having SPACs list, according to Financial Secretary Paul Chan. The aim is to allow the new fundraising arrangements, while ...

Bloomberg South Korea’s manufacturing activity expanded at the fastest pace in a decade in February, even as the Lunar New Holiday across Asia cut demand and spurred a slowdown in China. A report from IHS Markit showed a purchasing managers’ index for Korean manufacturing jumped to 55.3 last month, rising further above the 50-threshold that separates expansion and contraction to ...

Bloomberg India is set to miss its goal for sugar exports this year because of a late start to shipments and logistical challenges, potentially providing further fuel to the sweetener’s blistering rally. The world’s second-biggest producer, grappling with massive stockpiles, will ship almost 20% less than the government’s target and a forecast from a top industry group, according to the ...

DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has ordered aid flights to transport urgent humanitarian aid and medical supplies from the World Health Organisation’s (WHO) Logistics Hub in Dubai to Sudan. Under Sheikh Mohammed’s directives, the International Humanitarian City (IHC) chartered two aircraft to ...

ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (Adnoc), on Monday announced the acquisition of all of the UAE-based assets of Speedy Hire, the UK’s provider of tools and equipment hire for the oil & gas, construction, and industrial sectors. Under the terms of the acquisition, ...

ABU DHABI / WAM Abu Dhabi Health Services Company (Seha) has announced the signing of a Memorandum of Understanding with the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) to integrate the use of AI into the provision of medical care, enhancing clinical expertise and elevating the patient experience. The MoU was signed by Seha’s Group Chief Executive Officer, Dr ...