News

Bloomberg Toyota Motor Corp won’t expand further in India due to the country’s high tax regime, a blow for Prime Minister Narendra Modi, who’s trying to lure global companies to offset the deep economic malaise brought on by the coronavirus pandemic. The government keeps taxes on cars and motorbikes so high that companies find it hard to build scale, said ...

Abu Dhabi / WAM Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, announced that the UAE has authorised the emergency use of the Covid-19 vaccine; making it available to those first line defence heroes, who are most at risk of catching Covid19, protecting them from any danger that they may be exposed to due to ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Monday that it has successfully completed a placement to institutional investors of 1.25 billion shares in Abu Dhabi National Oil Company for Distribution PJSC, Adnoc Distribution, which are listed and traded on the Abu Dhabi Securities Exchange (ADX). This represents 10 percent of Adnoc Distribution’s total share capital. ...

Bloomberg Saudi Aramco is once again the world’s most valuable company after its market capitalization rose a shade above Apple Inc. amid a slump in US technology shares. The state oil giant’s stock gained 1.1% in Riyadh this month, despite Brent crude dropping 12% to below $40 a barrel as concerns about an acceleration in coronavirus infections mount. Meanwhile, Apple ...

Abu Dhabi / WAM The Ministerial Development Council, under the chairmanship of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, adopted the public and private school calendar for the next three years, to strengthen the national education system. The decision will establish a clear and detailed timeline of school days and holidays, to ...

ABU DHABI / WAM ADQ, one of the region’s largest holding companies, on Monday announced the establishment of Silal, a new company in Abu Dhabi developed to diversify food sources and increase the locally grown, raised and manufactured food. This entity complements the Abu Dhabi government’s efforts to secure food supply chains as well as to boost the supply and ...

Abu Dhabi / WAM Etihad Airways has signed an agreement with MCI Middle East to be the official travel and destination management partner of its key events in 2021 and 2022. Etihad will offer speaker and travel management services for all conferences serviced by MCI in Abu Dhabi. This new agreement allows exhibitors, speakers and visitors to purchase Etihad’s full ...

Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq) has shared the new developments being witnessed across its portfolio of latest large-scale real estate, tourism, commercial and hospitality projects, in line with the gradual reopening of businesses across the UAE. “Preventative measures to curb the spread of the coronavirus will be implemented effectively across all its sites to ensure ...

Abu Dhabi / WAM The United Arab Emirates maintained its Arab and regional leadership in a number of ICT related indicators, according to the Global Innovation Index Report 2020, which included results related to Global Competitiveness indicators for ICT sector. According to the report, the UAE ranked first on Arab and regional level in Information amd Communi- -cation Technologies (ICTs) ...

ABU DHABI / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has announced the introduction of a new service to the Egyptian capital Cairo with direct flights from Abu Dhabi starting on September 24. “The daily service offers greater connectivity and value-for-money options making it easier and more convenient for customers to travel between the two capital cities,” ...