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Abu Dhabi / WAM The UAE Public Prosecution on Saturday published a video on its social media accounts to raise awareness on the penalties regarding the possession and distribution of material that incites racial, religious and cultural hatred. The Public Prosecution warned that the penalty according to Article 12 of Federal Decree-Law No 2 of 2015 on Combatting Discrimination and ...

Bloomberg The US Commerce Department announced it’s blacklisting Semiconductor Manufacturing International Corp (SMIC), drone maker SZ DJI Technology Co and more than 60 other Chinese companies “to protect US national security.” “This action stems from China’s military-civil fusion doctrine and evidence of activities between SMIC and entities of concern in the Chinese military industrial complex,” the Commerce Department said. Commerce ...

Bloomberg In balmy Singapore, a tiny island nation that sits almost directly on the equator, it’s usually flowers, meat and seafood that gets whipped away into SATS Ltd’s cool rooms upon landing at Changi Airport. Now one of the world’s biggest ground handlers is gearing up for a more vital task. Like cargo operators everywhere, SATS is preparing for the ...

Bloomberg The economic blow from coronavirus has wiped out 81 million jobs across Asia-Pacific this year, with women and young people disproportionately affected, according to the International Labour Organization (ILO). “Covid-19 has inflicted a hammer-blow on the region’s labour markets,” Chihoko Asada Miyakawa, the group’s regional director for Asia and the Pacific, said in a statement. “Low levels of social ...

Bloomberg Asian buyers are snapping up oil at higher prices than last month, helping to bolster physical crude markets across the world and underpin a rally in futures. Driven by a slew of purchases from Indian and Chinese refiners, crude values everywhere from Russia to the Middle East and Latin America have surged so far. Spot trading activity has been ...

ABU DHABI / TEL AVIV / WAM Abu Dhabi Securities Exchange (ADX) and the Tel Aviv Stock Exchange (TASE) on Wednesday signed a Memorandum of Understanding (MoU), the first time an Arab exchange has entered into a commercial relationship with the state of Israel. The MoU will facilitate the development of channels of communication to foster co-operation between the two ...

ABU DHABI / WAM The UAE on Wednesday sent a third aid plane carrying 14.4 metric tons of medical supplies and testing kits to the Gaza Strip in coordination with the Commission for Solidarity in Gaza, benefiting more than 14,000 healthcare professionals as they work to combat Covid-19. This comes as part of the UAE’s efforts to offer assistance in ...

DUBAI / WAM A number of challenges and opportunities have emerged for university students and graduates as a result of the Covid pandemic — a subject that was top of the agenda in the virtual event “Building the Ideal Skill Set for the 21st Century: How Students Can Prepare for the Modern Workplace”, which kicked off the Expo 2020 Dubai’s ...

Abu Dhabi / WAM In response to the societal challenge of priority environmental pressures in Abu Dhabi, The Authority of Social Contribution (Ma’an) has announced the launch and theme of its fourth cohort of Ma’an’s Social Incubator (MSI), which will focus on the environment. Applications are now open for social entrepreneurs to develop sustainable solutions to help protect the environment ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) on Wednesday announced the expansion of its global network into Asia with the opening of a representative office in Jakarta, Indonesia. FAB Indonesia will serve as a bridge to facilitate trade and investment flows between the UAE, wider GCC region, Egypt and Asia. The representative office will support bank customers with ...