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Musanada completes 50% work on Ghanima infra project in Al Ain

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada) announced that it has so far completed 50 percent of the construction works of an important infrastructure project in Al Ain. Located in Ghanima, east of Al Ain city, the AED97.5 million project is being delivered through a collaboration with Abu Dhabi Housing Authority (ADHA). The project is planned for ...

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Covid-19: UAE reports 761 more recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHaP) announced on Sunday that it conducted 97,251 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. MoHaP also noted an additional 761 individuals had fully recovered from Covid-19, bringing the total number of recoveries to 74,273. As part of its intensified testing campaign, MoHaP announced ...

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Al Ain Zoo contributes to global wildlife conservation efforts

Al Ain / WAM In line with its ongoing commitment to contribute to global wildlife conservation efforts, Al Ain Zoo has announced that it exchanged knowledge and expertise with Lewa Wildlife Conservancy, located in the Republic of Kenya. The visit came as part of Al Ain Zoo’s efforts to conserve number of endangered species and to become part of international ...

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Japan’s inflation goes negative again in Aug

Bloomberg Japan’s key inflation gauge went negative again last month, underscoring the challenge the Bank of Japan and new Prime Minister Yoshihide Suga face in trying to restore price momentum amid the pandemic. Consumer prices excluding fresh food fell 0.4% in August from a year earlier, going negative again after two months of staying unchanged, the ministry of internal affairs ...

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Hong Kong urged to boost stimulus on fiscal war chest

Bloomberg Hong Kong’s government is drawing fresh criticism from economists and business advocates who say a third round of virus relief stimulus doesn’t go far enough. While Chief Executive Carrie Lam’s latest spending plan will draw from the city’s fiscal reserve of HK$976.6 billion ($126 billion) in July, that cash pile is still seen by economists as large enough to ...

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Chinese HR company gets $5.3b takeover approach

Bloomberg 51job Inc received a takeover approach from DCP Capital Partners that values the Chinese human-resources company at $5.3 billion. DCP, an Asian private-equity firm, made a non-binding cash offer of $79.05 per common share in a letter to the company, 51job said. 51job said it hasn’t yet had a chance to carefully review and evaluate the offer. Founded in ...

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Indonesia’s palm oil exports rise

Bloomberg Indonesia’s palm oil exports increased in July on higher shipments to China and the Middle East, according to the Indonesian Palm Oil Association. Total exports rose to 3.13 million tons from 2.77 million tons a month earlier, the association, known as Gapki, said in a statement on Sunday. While shipments to China increased 43% month-on-month, those to the Middle ...

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Apple to begin online sales in India in Sept

Bloomberg Apple Inc will this month begin direct sales online in India, more than 20 years after the world’s most valuable tech company first began operating in the South Asian country that’s one of world’s fastest-growing smartphone markets. Cupertino, California-based Apple said it will launch its online store in India on September 23, confirming a Bloomberg News report last month. ...

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Foodpanda launching in Japan

Bloomberg Delivery Hero SE’s Foodpanda is launching operations in Japan, expanding its Asian footprint to the world’s No. 3 economy. The company will roll out its meal delivery services in six Japanese cities in a first phase, including Kobe, Yokohama and Nagoya, Jakob Angele, Foodpanda’s Asia Pacific chief executive officer, told Bloomberg TV’s Rishaad Salamat and Juliette Saly. The firm ...

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Malaysia cuts medical tourism goal on border control

Bloomberg Malaysia’s aim to attract medical tourists by focussing on curbing the coronavirus outbreak hit a roadblock as resurgences around the world limited its ability to reopen borders. Hospitals in the country can expect to earn 800 million ringgit ($194 million) of revenue from medical tourists next year, compared with 500 million ringgit this year, according to the Malaysia Healthcare ...

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