News

Sharjah / WAM The Sharjah Airport Authority (SAA) inaugurated on Monday the East Expansion project, which extends over an area of 4000 square meters. Built at a total cost of AED40 million, the project is a qualitative addition to the airport, contributing to enhancing its regional and global competitiveness. It is a stage within the comprehensive expansion plan to raise ...

Dubai / WAM A restaurant in Dubai, which failed to adhere to precautionary measures related to Covid-19, was ordered closed by Dubai Economy in co-operation with Dubai Tourism. Field inspectors from Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy also imposed fines on seven gyms in co-operation with Dubai Sports Council, in addition to a retail outlet for ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem powered by Mubadala Investment Company, has forged a strategic partnership with French national investment bank, Bpifrance, to strengthen joint efforts that boost innovation and provide mutually beneficial opportunities for tech startups, companies and entrepreneurs in Abu Dhabi and France. The agreement will foster close collaboration between Hub71 and Bpifrance that ...

Dubai / WAM Dar Al Ber Society has provided a wide variety of medical and treatment assistance, benefiting 471 patients and needy people in various emirates of the country, worth over AED12.79 million. Abdul Qadir Al Rais, Director-General of the Dar Al Ber Society, said that the huge proceeds of humanitarian aid and initiatives provided by the Society in the ...

Abu Dhabi / WAM The United Arab Emirates is leading the Arab region in the Covid Economic Recovery Index Ranking issued by the Horizon Research Group. The Index assesses how 122 countries are positioned for recovery, based on their overall health resilience, and the pre-existing structural strengths and weaknesses at the core of their recovery capacity. Thanks to its long-term ...

ABU DHABI / WAM The Federal Tax Authority (FTA,) completed its preparations to join the Third Generation of the UAE’s eDirham system, which has been launched by the Ministry of Finance (MoF) to facilitate the collection of state fees and revenues and to provide further options for paying government fees using the latest technology in accordance with the best safety ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) said it carried out over 78,483 additional Covid-19 tests in the country over the last 24 hours, using the latest testing methods. The ministry said in a statement that the intense testing drive uncovered 1,064 new cases of various nationalities, who are all in a stable condition and receiving ...

Bloomberg Power supply was restored in most parts of India’s financial capital after its worst blackout in decades disrupted transport networks and briefly hit trading volume in bond markets. Mumbai, home to India’s biggest stock exchanges, financial regulators and the central bank, witnessed a power failure at around 10 am local time. Power tripping — or an overload in the ...

Bloomberg An Indian court has reached out to a group of Chinese banks that are trying to recover money from Anil Ambani, in the latest twist in a personal bankruptcy case against the former billionaire. The trio of Chinese lenders won a ruling in a London court in May after pursuing Ambani for more than $700 million in a dispute ...

Bloomberg AC Ventures, an Indonesia-focussed venture capital firm, said it completed the first close of a planned $80 million technology investment fund. The Jakarta-based company raised $56 million at the first close, according to its partners. The fund will invest in about 30 early-stage startups in areas including e-commerce and financial technology in the next three years. AC Ventures was ...