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DUBAI / WAM Underlining its commitment to promoting sustainability and recycling, Imdaad, a Dubai-based group of companies that provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets, on Monday, marked the official launch of FARZ, a state-of-the-art material recovery facility (MRF) situated in the National Industries Park in Jebel Ali. Dr. Thani bin Ahmed Al Zeyoudi, ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, honoured the winners of the second Emiratisation Award at the Emirates Palace. The ceremony was attended by HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, and HH ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has said that promoting environmental protection requires achieving a balance between economic and social growth, protecting the environment and ensuring the sustainability of its natural resources, noting that the leadership will stay the course laid by the nation’s Founding Father Sheikh Zayed bin Sultan Al Nahyan to ...

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) honoured its strategic partners and various business leaders, on the sidelines of the 14th Ambassadors and Heads of Diplomatic Missions Forum, in the presence of Ahmed Ali Al Sayegh, Minister of State. At the start of the event, which aimed to appreciate the efforts of the honourees ...

Bloomberg Indian PM Narendra Modi’s government plans to allow foreign investors greater access to short-term and long-term government securities in a bid to tap money being poured into passive funds operated by firms such as BlackRock Inc. Certain categories of sovereign bonds will be fully opened to non-resident investors, apart from being available to domestic investors, finance minister Nirmala Sitharaman ...

Bloomberg China said the US “inappropriately overreacted” to the deadly virus that originated there and hasn’t provided much help to counter the outbreak, disputing the Trump administration’s claim that it offered assistance. “The US government hasn’t provided any substantial assistance to us, but it was the first to evacuate personnel from its consulate in Wuhan, the first to suggest partial ...

Bloomberg Toyota Motor Corp’s luxury Lexus brand posted a double-digit sales gain last year, taking its 30th anniversary in stride as strength in China and Europe offset stalled demand in North America. The brand, which debuted in 1989, grew 10% to 765,330 vehicles worldwide, Toyota said in a statement on Monday, powered by strong sales of its UX subcompact crossover ...

Bloomberg India is gearing up for what could potentially be a slew of mega initial public offerings. PM Narendra Modi’s government surprised investors on February 1 by saying it will sell part of its stake in state-run behemoth Life Insurance Corp of India to meet its record asset-sale target. The jumbo sale could fetch the government between 850 billion rupees ...

Bloomberg Asian manufacturing gauges stumbled in January, suggesting the US-China trade agreement failed to spur sentiment for an industry now bracing for supply-chain disruptions and a blow to demand from the spread of the coronavirus. South Korea’s purchasing manager index — often viewed as a key barometer of global demand — fell to 49.8 from 50.1 in December. Malaysia’s reading ...

Bloomberg The hits just keep coming for Hong Kong. In 2019, there was the escalating US-China trade war, which squeezed exports. Then came violent protests beginning mid-year, with street-fighting between police and protesters driving away tourists and shoppers, hurting the services industries, and tipping the economy into its first contraction in a decade. Now, with advance figures on Monday confirming ...