News

Dubai / WAM Dubai’s Roads and Transport Authority (RTA), launched an online system for handling right-of-way application permits. The system covers main and subsidiary road diversions, using part of the right-of-way, designs of external pavements, and heavy vehicle movement as well as some other services to individuals. “The new system marks a paradigm shift in delivering services to the public ...

ABU DHABI / WAM Leaders, the global conference and publishing organisation in sport, are partnering with Abu Dhabi Sports Council (ADSC), for a second year to bring the world-renowned Sport Business Summit back to Abu Dhabi from January 21-22. Government officials, investors, brands and sports rights holders will have the opportunity to connect, share insight and do business with international ...

Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Monday announced that Al Taweelah alumina refinery in Abu Dhabi has produced one million tonnes of alumina since operations began in April. Al Taweelah alumina refinery is now expected to reach sustained production at its nameplate capacity during the first half of 2020. The refinery is expected to produce some two million ...

Dubai / Emirates Business The Dubai Free Zones Council (DFZC) on Monday signed a Memorandum of Understanding (MoU) with Dubai Exports in a bid to boost business opportunities, foreign trade and the volume and value of exports. The MoU aims to reinforce Dubai’s position as a global destination for quality exports from various economic and service sectors, and free zones ...

Bloomberg Netflix Inc and its rivals are facing a price war in India as a jump in the cost of watching video on mobile phones threatens to slow demand in what is shaping up as a key growth market globally for streaming. The country’s three wireless carriers hiked data tariffs by as much as 41% earlier this month, leaving some ...

Bloomberg JD.com Inc’s logistics unit is in early discussions with banks about raising $8 billion to $10 billion through an overseas initial public offering, Reuters reported. JD Logistics is targeting a valuation of at least $30 billion in a Hong Kong or New York IPO in the second half of 2020, Reuters cited unidentified people as saying. The company, which ...

Bloomberg China’s meat imports surged to a record in November, with buyers in the world’s top hog consumer stepping up purchases ahead of traditional holidays to boost supplies that were hurt by African swine fever. Beef purchases were 186,984 tons last month, up nearly 80% from a year earlier. Shipments rose 57% to 1.5 million tons in the January-November period. ...

Bloomberg Logistics real estate developer ESR Cayman Ltd is considering an initial public offering of a real estate investment trust consisting of South Korean assets, people familiar with the matter said, weeks after it raised $1.8 billion in a Hong Kong listing. The Warburg Pincus LLC-backed company recently invited banks to pitch for the potential share sale in South Korea, ...

Bloomberg A Vietnam-based hacking group is learning from China’s playbook, using increasingly sophisticated cyber-attacks to spy on competitors and help Vietnam catch up to global competitors, according to cybersecurity experts. In the last two years, the group, which is believed to be tied to the Vietnamese government and known as APT32, has ramped up its cyber-espionage, particularly in southeast Asia, ...

Bloomberg Pakistan is considering offering tax breaks to various industries with export potential as it looks beyond textiles to boost outbound trade, an adviser to prime minister Imran Khan said. Engineering, chemicals, technology and footwear are among 20 sectors identified for incentives, Abdul Razak Dawood, the commerce and investment adviser to the prime minister, said in an interview in Islamabad. ...