DUBAI / WAM du, from Emirates Integrated Telecommunications Company (EITC) has announced a significant strategic partnership with Dubai Civil Defense to automate business processes, data exchange and full payments settlement in addition of the integration with unified business registry network for all free zones in the UAE. The collaborative partnership will see the two parties take full advantage of the ...
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ATRC launches ‘ASPIRE’ to drive new technologies
ABU DHABI / WAM The newly established Advanced Technology Research Council (ATRC) on Wednesday announced its plans to drive the creation of future transformative technologies with the launch of its dedicated technology programme management pillar, ASPIRE. ASPIRE works in consultation with cross-sector industry stakeholders to frame problem statements that can be solved through research and development. By defining the problem, ...
Read More »Agri registry project launched in Abu Dhabi
ABU DHABI / WAM The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has launched the “Agricultural Registry†project to build an accurate and comprehensive database for the agricultural sector in the Abu Dhabi Emirate. It will help estimate local production, update farm and farm owners’ data, and link such data directly to the databases of Abu Dhabi Digital Authority ...
Read More »China, Japan race to dominate future of high-speed trains
Bloomberg Japan and China are racing to build a new type of ultra-fast, levitating train, seeking to demonstrate their mastery over a technology with big export potential. Magnetic levitation, or maglev, trains use powerful magnets to glide along charged tracks at super-fast speeds made possible by the lack of friction. A handful of short distance and experimental maglev trains are ...
Read More »Rain to boost India’s agriculture growth
DUBAI / WAM India’s farm sector growth will likely be the highest in three years as better-than-normal rain helped farmers to boost output of crops, including rice, sugar cane and soybeans. Agriculture growth in the year that began in April will surpass the 4% level achieved in 2019-20, said Atul Chaturvedi, president of the Solvent Extractors’ Association of India. That ...
Read More »Nivar may slam into Indian states as category 2 storm
Bloomberg Storm Nivar over the Bay of Bengal was expected to turn into a “very severe cyclone†by Wednesday night and may cause widespread damage to crops, mud houses and electricity poles in some southern Indian states. The storm, which is likely to have a sustained wind speed of 120 to 130 kilometres (75-81 miles) per hour, will cross Tamil ...
Read More »JD unit seeks $3.5b in Asia’s top health IPO
Bloomberg JD Health International Inc is looking to raise as much as $3.5 billion in its Hong Kong initial public offering in what would be Asia’s biggest health-care listing on record. The healthcare unit of China’s No. 2 e-commerce giant JD.com Inc is selling 381.9 million shares at HK$62.8 to HK$70.58 each, according to terms of the deal obtained by ...
Read More »India’s Taj hotel chain may cut costs
Bloomberg Indian Hotels Co, the luxury hotel chain run by the Tata Group, used the coronavirus-imposed lockdown to see where it could save costs. “This was the historic opportunity to review our fixed and variable costs,†CEO Puneet Chhatwal said. “The industry never experienced such a revenue decline in last 100 years.†The firm, which owns the iconic Taj brand ...
Read More »Hong Kong cuts stamp duty on commercial property
Bloomberg The Hong Kong government is scrapping an extra stamp duty levied on commercial property purchases in an effort to bring the lackluster market back to life. The government will abolish the additional duty for non-residential properties effective from Thursday, Chief Executive Carrie Lam said during a speech. The levy of as much as 8.5% of a property’s value was ...
Read More »Philippines caps Covid test prices
Bloomberg The Philippines has set a price cap for Covid-19 swab tests amid complaints of exorbitant and wide price disparity, Health Secretary Francisco Duque said. The price for real-time reverse transcription polymerase chain reaction or RT-PCR test is capped at 5,000 pesos ($104) in private hospitals and 3,800 pesos in government laboratories, Duque said in a briefing. Some testing centres ...
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