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ABU DHABI / WAM Modon Properties announced the opening of Hudayriyat Leisure and Entertainment District on Tuesday. The destination is set to offer a wide array of food and beverage outlets, facilities for sports activities, and other entertainment and leisure offerings. According to the precautionary measures in place for Covid-19, visitors are required to pre-book in advance to enter. Ahmed ...

Bloomberg India’s economy left cratered by the pandemic is drawing energy from one of its invisible and often-neglected engines: farmers. Business leaders, policy makers and politicians alike are pinning hopes on the rural sector as bountiful rains have set the stage for another year of record crops. Higher disposable incomes with farmers are expected to boost demand from automobile to ...

Bloomberg China’s move to halt Ant Group Co’s massive stock debut could reduce the fintech giant’s value by as much as $140 billion, according to analysts’ revised estimates. New regulations that could force Ant to raise more capital to back lending and seek national licenses to operate across the country may reduce the firm’s valuation by about half, according to ...

Bloomberg Chinese exports expanded faster than expected in October, providing support for the recovering economy and driving increasing demand for imports, which rose for a second straight month. Exports increased 11.4% in dollar terms in October from a year earlier, while imports gained 4.7%, the customs administration said. That left a trade surplus of $58.4 billion for the month. Economists ...

Bloomberg The Philippines aims to have at least 50 million coronavirus vaccine shots next year to inoculate about a fourth of the population, bulk of which will likely arrive by the end of 2021 or early 2022. A vaccine could be available to the Southeast Asian nation between May through July, said Carlito Galvez, vaccine czar and chief implementer of ...

Bloomberg Car sales continued to recover in China last month as the coronavirus pandemic eased in the country and electric vehicles won more users. Retail sales of cars, SUVs and multiple-purpose vehicles increased 8% from a year earlier to 2.02 million units in October, the China Passenger Car Association (CPCA) said on Monday. Wholesales of new energy vehicles, which includes ...

Abu Dhabi / WAM The Emirates Mars Mission (EMM), the first interplanetary mission undertaken by an Arab nation, on Sunday announced the successful completion of TCM3 – its third and last major trajectory correction maneuver. Mars Hope’s arrival and Mars Orbit Insertion (MOI) will mean the United Arab Emirates will become the fifth nation to reach the Red planet. With ...

Bloomberg China’s purchases of key commodities fall in October from the prior month, mainly because of seasonal factors including an extended holiday at the start of the month in the world’s biggest buyer of raw materials. While the nation’s broader imports couldn’t hold September’s heady pace, slumping to below-consensus growth of 4.7%, “a second straight monthly expansion suggests a continuous ...

Abu Dhabi / WAM In line with its drive to strengthen the UAE’s leading role in fight against Covid-19 pandemic on an international scale, Mubadala Healthcare is part-funding the trial of an immune-dampening drug in the UK that will help patients with diabetes overcome effects of the virus. If successful, the compound could ultimately be prescribed by a primary care ...

Abu Dhabi / WAM Ryse Energy, a global leader in renewable off-grid energy systems, with over 4,000 installations across all seven continents, moved to Masdar City, Abu Dhabi, to expand into new markets. Discussing Ryse Energy’s UAE growth plans, Alistair Munro, founder and CEO, said, “Ryse Energy is a global leader in renewable off-grid energy systems, and as a primary ...