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Bloomberg China is administering its centuries-old traditional medicine on patients affected by the coronavirus disease, a top health official said. Treatment in Wuhan hospitals combine Traditional Chinese Medicine, popularly known as TCM, and western medicines, said Wang Hesheng, the new health commission head in Hubei, the province at the center of the virus outbreak. He said TCM was applied on ...

DUBAI / WAM The e-dirham government services revenue exceeded AED22 billion, with AED13 billion coming from the e-dirham system and AED9 billion from service points, respectively, in 2019. The total number of transactions executed via the e-dirham system reached 49 million, including 15 million transactions through the system’s website, and 34 million transactions via service points, the Ministry of Finance ...

ABU DHABI / WAM Adnoc Distribution on Wednesday announced that net profit for the fourth quarter of 2019 was AED496 million, an increase of 11.3 percent compared to same period last year. Ebitda for the fourth quarter of 2019 was AED658 million, an increase of 6.5 percent compared to the same period last year, driven by a solid operational performance ...

ABU DHABI / WAM Endowed with abundant cultural resources and a large-scale economy, the UAE will act as a bridge to promote Korean culture to other Middle Eastern countries, according to a top South Korean official. “The UAE is Korea’s first ‘Cultural Dialogue’ partner country in Mideeast and has shown an active interest in Korean culture,” wrote Park Yang-woo, Minister ...

ABU DHABI / WAM Aldar Properties on Wednesday announced that it reported a 7 percent year on year increase in 2019 net profit to AED1.984 billion, driven by growth across both its development and asset management businesses. According to a statement issued by Aldar on Wednesday, the company’s Board of Directors recommended a cash dividend of AED0.145 per share, representing ...

Bloomberg Oil extended its rebound above $50 a barrel as tentative signs that Asia’s coronavirus may be easing spurred speculation that the worst of crude’s sell-off could have passed. US futures rallied 2.2% in a second daily gain, having lost about 16% during preceding month amid fears the disease would slash fuel consumption in China. The latest data from the ...

DUBAI / WAM Emaar Properties exhibited a resilient performance in FY 2019 by recording net profit of AED6.20 billion as compared to net profit of AED6.139 billion in FY 2018. Emaar recorded revenue of AED 24.586 billion for 2019. Emaar maintained its positive performance in 2019 recording property sales in Dubai of AED14.949 billion. This performance is a result of ...

Abu Dhabi / Emirates Business Etihad Airways has announced a partnership with Norwegian technology developer Braathens IT, to develop TravelPass, an innovative travel solution initially aimed at corporate and frequent travellers which will launch later this year. The new TravelPass technology provides a subscription-based travel solution, allowing Etihad to offer its frequent guests complete flexibility and ease with their regular ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), is continuing its relief operations, under the framework of its winter campaign to support refugees in Greece who are facing tough climate conditions, upon the directives of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the ERC. The ERC delegation that arrived in ...

Abu Dhabi / WAM Louvre Abu Dhabi and Théâtre du Châtelet, with the support of Bloomberg Philanthropies, will present the world premiere of “Singing Trees”, a new interactive installation created by award-winning digital artists from London, Umbrellium, in collaboration with the Institute for Research and Coordination in Acoustics/Music, IRCAM, from Paris, and independent producer, Katherine Jewkes. After its premiere at ...