News

Bloomberg Alibaba Group Holding Ltd has appointed a longtime veteran to replace Pierre Poignant as Lazada Group CEO, the latest top-level reshuffle at the Chinese e-commerce titan’s Southeast Asian operation. Chun Li, who currently runs Lazada’s Indonesian business, will take the reins from July, Lazada said in a statement. Li served as chief technology officer for Alibaba’s business-to-business division between ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a phone call from His Holiness Pope Francis, Head of the Catholic Church, in which they discussed the close UAE-Vatican relations and ways to bolster them to serve mutual interests. During the ...

Bloomberg Oil steadied in New York as the boost from a weaker dollar offset concerns that the resurgence of coronavirus will crimp fuel demand. Futures held above $38 a barrel, recouping earlier losses of 2.6% as the slide in the US currency made dollar-priced commodities an attractive hedge. Still, sentiment in crude markets remained fragile after last week’s 3.2% slide. ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) has launched a consumption rationalisation campaign under the theme ’Set your AC at 24 C Auto and Save’. The campaign will run until the end of summer and aims to encouraging its customers to rationalise the district cooling consumption during the summer season by setting the air- conditioner thermostat at 24 ...

Bloomberg Of the more than $110 billion in additional funding that sub-Saharan Africa will need this year to fight the coronavirus pandemic, $44 billion has not been financed yet even after several countries have taken up emergency loans and debt-service relief initiatives, according to the International Monetary Fund (IMF). The funding needs persist despite the IMF approving debt-service relief for ...

Dubai / WAM The Federal Authority for Government Human Resources (FAHR) announced that staffing capacity in all ministries and federal authorities from July 5, will be 100 percent. In an announcement, the authority said that the exceptions are limited to only one category of employees with chronic diseases on the submission of a detailed medical report approved by the relevant ...

ABU DHABI / WAM The General Civil Aviation Authority (GCAA) announced that all inbound passenger flights, including transit, from Pakistan to the UAE have been suspended until further notice. The suspension, which came into effect on Monday, will continue until a dedicated laboratory test for Covid-19 is established in Pakistan to ensure all passengers headed to the UAE have been ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Monday commended talented Emirati youth and the determination of the UAE society for the nation’s optimistic and positive outlook for the near future which will focus on designing integrated and future-oriented strategies, anticipating changes and ensuring readiness to achieve tangible ...

Dubai / WAM Zaki Nusseibeh, Minister of State, on Monday launched the UAE-China virtual culture week, a five-day online event featuring talks, musical performances, and cultural masterclasses in both China and the UAE. Organised by Falcon and Associates and Chinese graduates from His Highness Sheikh Mohammed bin Rashid’s Dubai Business Associates programme, the event will celebrate the positive impact of ...

ABU DHABI / WAM Development aid provided to the remote Yemeni governorate of Socotra by the UAE has made a major impact in terms of improving the life of the local population, according to a report made available to the Emirates News Agency (WAM). The report provides an overview of assistance co-ordinated by the Abu Dhabi-based Sheikh Khalifa Humanitarian Foundation, ...