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ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has launched ‘Picture Yourself in Abu Dhabi’ initiative in order to take full advantage of the current proliferation of remote communication and video conferencing applications due to the Covid-19 pandemic. The initiative, which has been rolled out for Abu Dhabi Government entities, gives users ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted over 40,000 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 The Abu Dhabi Police has booked 22,162 violators in the first half of this year for not wearing seat belts. The ADP’s Traffic and Patrols Directorate is urging both motorists and passengers to wear seat belts for the safety of road users. According to Article (51) of the implementation regulations of the Federal Traffic Law No. ...

Dubai / WAM The Dubai Gold and Commodities Exchange (DGCX) announced that it has partnered with American University of Sharjah (AUS) to foster the next generation of professionals across the finance sector. Through the collaboration, the DGCX will offer AUS undergraduate students the opportunity to participate in an internship programme and educate them about how the DGCX operates and the ...

Bloomberg Online insurance platform Policybazaar aims to go public in 2021 at a valuation north of $3.5 billion, potentially becoming the first of India’s mega-startups to debut as its digital economy booms. The startup plans to secure about $250 million in a round of financing at a $2 billion-plus valuation before a September 2021 initial public offering, co-founder Yashish Dahiya ...

Bloomberg CanSino Biologics Inc’s experimental coronavirus vaccine showed promising results in a mid-stage clinical study, paving the way for the next phase of tests as the Chinese company jostles with Western pharma giants to deliver one of the first pandemic vaccines. The shot was shown to be safe and induced an immune response, according to a study released in the ...

Bloomberg Taiwan’s top financial regulator said global banks are looking to expand on the island after China’s passage of a controversial security law in Hong Kong prompted some firms to rethink their Asian strategies. Some US securities firms are considering an expansion in Taiwan while other international banks plan to start new operations, said Huang Tien-mu, chairperson of Taiwan’s Financial ...

Bloomberg Japan’s government will start subsidising some companies to invest in factories in Japan and South-East Asia as part of efforts to reduce reliance on manufacturing in China. Fifty-seven companies including privately-held facemask-maker Iris Ohyama or Sharp will receive a total of 57.4 billion yen ($536 million) in subsidies from the government to invest in production in Japan, the Ministry ...

Bloomberg Chinese chipmakers have surged in the past year, boosted by Beijing’s support for self-sufficiency in semiconductors and as adoption of 5G and artificial intelligence prove resilient amid the pandemic. There’s no sign that rally is about to slow even as their stocks looks increasingly expensive. Cambricon Technologies, a developer of AI chips, rose 34%, extending its first-day surge of ...

Bloomberg Of all the ways our lives have changed during the coronavirus pandemic, few are as obvious as how, and where, we eat. With restaurants either shuttered or reopening with vastly reduced capacity, and people staying home as second-wave outbreaks erupt, demand for food-delivery services has exploded. Now Kishin RK, the 36-year-old heir to a multi-billion dollar Singapore property empire, ...