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DUBAI / WAM Dubai Customs and the Industrial and Commercial Bank of China (ICBC) have convened a video conference organised by the Chinese Consulate to discuss and exchange knowledge about the coronavirus pandemic outbreak. Li Xuhang, Chinese Consul General to Dubai, welcomed the participants confirming that coronavirus doesn’t recognize geographical borders. “It has spread now in 200 countries affecting millions ...

ABU DHABI / Emirates Business ADQ, one of the region’s largest holding companies, on Wednesday announced it had assumed full ownership of National Petroleum Construction Company (NPCC), one of the UAE’s leading energy sector Engineering, Procurement and Construction (EPC), after acquiring the 30% shares previously held by Consolidated Contractors International Company (ICC). ADQ (formerly Abu Dhabi Developmental Holding Company) acquired ...

ABU DHABI / WAM Dubai Future Foundation’s (DFF) knowledge platforms have reached more than 5 million people across their social media platforms. In light of the Covid-19 outbreak, the Foundation’s knowledge-sharing platforms including Mostaqbal Portal, Popular Science Arabia, MIT Tech Review Arabia and Future Talks have been diligently sharing quality Arabic content on the latest science and technology developments, for ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, reviewed the prospects of furthering cooperation with the Republic of Mali in a phone call with its Prime Minister Boubou Cisse. Sheikh Abdullah conveyed to the President of Mali Ibrahim Boubacar Keita his best wishes and warms regards on the occasion ...

ABU DHABI / WAM The United Arab Emirates on Wednesday sent an aid plane containing seven metric tons of medical supplies to Nepal to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 7,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Saeed Hamdan Al Naqbi, UAE Ambassador ...

Bloomberg Singapore is in the process of scaling up medical facilities by adding capacity at isolation wards and intensive care units as the confirmed number of virus cases nears 15,000, making it Asia’s most-infected nation after China and India. More than 18,000 beds have been created for isolation and medical care needs, Singapore Armed Forces Director of Joint Operations, Brigadier-General ...

Bloomberg Samsung Electronics Co warned earnings may decline this quarter after the coronavirus outbreak hurt demand globally for smartphones and gadgets, wiping out gains from a surge in online activity by people sheltering at home. South Korea’s largest company reported a 4% slide in net income to 4.9 trillion won ($4 billion) in the three months ended in March. Samsung, ...

Bloomberg Starbucks Corp has opened almost all its locations in China, but still sees the lingering impact of the coronavirus pandemic trimming same-store sales there by 15% to 25% this fiscal year. The shares fell in late trading. Same-store sales fell 10% globally in the company’s second quarter, slightly outpacing the average estimate for a 9.7% decline compiled by Consensus ...

Bloomberg Chinese e-commerce giant JD.com Inc has filed confidentially for a second listing in Hong Kong, according to people with knowledge of the matter, joining rival Alibaba in tapping the city’s stock market for funds. The offering could raise at least $2 billion, the people said, asking not to be identified because the information is private. The Beijing-based company, which ...

Bloomberg Some of Argentina’s key creditors are rejecting invitations to speak with the nation’s finance team this week as both sides jockey for more favourable terms in a $65 billion debt restructuring. Tensions are building as the clock counts down on two key deadlines: May 8 for a debt-exchange offer and May 22, when a 30-day grace period for coupon ...