News

Bloomberg Xiaomi Corp’s shares leapt 11.4% after inroads into the Chinese market for high-end smartphones and strong growth overseas helped the company report better-than-expected profit. The stock climbed its most in two years in Hong Kong, taking its 2020 gains to 98% last week. The Chinese smartphone maker more than doubled net income to 4.49 billion yuan ($716 million) in ...

Bloomberg Malaysia has decided to extend measures aimed at curbing the spread of coronavirus infections until the end of the year. The government continues to require the use of face masks in public spaces while places where social distancing is difficult to uphold, including theme parks, will remain shut, Prime Minister Muhyiddin Yassin said in a televised speech. Foreign tourists ...

Bloomberg Singapore has long been the city of choice for Western expats wanting an easy entrée into Asia. Clean, efficient, with low tax rates, it’s often seen as rivaling Hong Kong, especially with that city hit by street protests and unrest over China’s new national security law. Yet just when Singapore should be a magnet for global talent, some recruiters ...

Bloomberg Oil rises for a fourth week in a row as US Gulf Coast refineries began restarting though gains were capped as investors shifted their focus from the storm towards the fragile rebound in consumption amid the pandemic. WTI was little changed and notched a 1.5% gain for the week. While Laura was one of the most powerful hurricanes to ...

New Delhi / WAM India’s Ministry of Civil Aviation has announced wide-ranging relaxations in the operations of domestic flight services, which will bring relief to passengers arriving from Gulf airports and on long-haul international flights. An order issued by Usha Padhee, Joint Secretary in the ministry, directed airlines to resume meal services on domestic flights with immediate effect. This supercedes ...

Dubai / WAM In presence of Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa) and Peng Xiao, CEO of Group 42, Digital Dewa – the digital arm of Dewa, announced a strategic partnership with Group 42 (G42), an Abu Dhabi based leading Artificial Intelligence (AI) and cloud computing company. The signing ceremony was attended ...

Dubai / WAM The Ministry of Health and Prevention (MoHAP) announced on Saturday that it conducted 88,803 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

ABU DHABI / WAM His Highness Sheikh Khalid bin Zayed Al Nahyan, Chairman of the Board of Directors of Zayed Higher Organisation for People of Determination, said that the celebration of the Emirati Women’s Day this year comes under the slogan “Planning for the Emirates 50th Year: Women Supporting the Nation” because of their significant and invaluable role in the ...

DUBAI / WAM Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) announced that the upgrading of three stations on the Dubai Metro Red Line namely, Dubai Internet City, Damac Properties, and UAE Exchange has reached 40 percent. The improvement of stations along with the surrounding infrastructure aims to ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has stated that the UAE has a logistical system that is the most sophisticated and efficient of its kind in the region, and it is not possible to maintain ”our logistical excellence without enhancing the quality of the ...