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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 ...

Bloomberg China will take part in a World Health Organization-backed effort to provide a coronavirus vaccine to developing nations, filling a void in global health leadership after US President Donald Trump spurned the program. Beijing joined the $18 billion Covax initiative that aspires to give lower-income countries the same access to vaccines as wealthier nations. The move came despite China ...

Bloomberg China supports Jakarta’s efforts to become the centre for vaccine production in Southeast Asia, Indonesia Coordinating Minister for Maritime Affairs and Investments Luhut Pandjaitan said after meeting Chinese Foreign Minister Wang Yi. Indonesia has the strongest capacity for vaccine production in Southeast Asia, Wang said, according to a statement issued by Pandjaitan after the two held a discussion. Wang ...

Bloomberg A slew of luxury hotels opening in Thailand amid the Covid-19 pandemic are pinning their hopes on a government plan to lure high-spending tourists, betting those seeking five-star quarantine will help cushion the devastation wrought on the travel industry. About half-a-dozen luxury hotels that opened in Bangkok during the pandemic, or will open soon, from Four Seasons, Kempinski and ...