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Emirates Business Ras Al Khaimah Economic Zone (Rakez) and First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s safest financial institutions, have signed an agreement to offer Rakez clients special banking benefits and solutions designed specifically to meet their business needs. As per the agreement signed by Rakez Chief Strategy Officer Mohammed Al Dhuhoori FAB’s ...

Abu Dhabi / Emirates Business Etihad Airways will increase capacity between Abu Dhabi and Lebanon’s capital, Beirut, by upgrading the current daily Airbus A321 service to a Boeing 787-9 Dreamliner from October 27. The step up from narrow body to wide body aircraft follows the announcement by the UAE Ministry of Foreign Affairs and International Cooperation of the immediate removal ...

MUKALLA / WAM Over 80 tonnes in food aid was distributed by the Emirates Red Crescent (ERC), in Yemen’s Hadramaut governorate. Five thousand people across the western neighborhouds of Mukalla received the aid, as part of the UAE’s efforts to improve living conditions in Yemen. The beneficiaries have thanked the UAE and the ERC for this humanitarian gesture and for ...

Abu Dhabi / WAM Delegates of the eighteenth session of the General Conference (GC), of the United Nations Industrial Development Organisation (UNIDO), are set to arrive in Abu Dhabi on November 2 for five days of discussions around the future of manufacturing. The General Conference, UNIDO’s supreme policymaking organ convenes every two years to determine the guidelines and policies of ...

Bloomberg China is flexing its economic muscle for political ends, with more local sponsors of the National Basketball Association’s (NBA) mainland events suspending their ties with the league over a tweet that backed Hong Kong’s protesters. Following the decision by China’s state television and tech giant Tencent Holdings Ltd to not show pre-season NBA games, the country’s largest sportswear maker ...

Bloomberg The worst crisis to hit Japan’s nuclear industry since the 2011 Fukushima disaster threatened to entangle PM Shinzo Abe’s ruling party amid scrutiny of donations to lawmakers. Hiroshige Seko of the Liberal Democratic Party received 6 million yen ($56,000) of donations from the president of a company linked to the furor surrounding Kansai Electric Power Co’s nuclear operations, Kyodo ...

Bloomberg China is still open to reaching a partial trade deal with the US, an official with direct knowledge of the talks said, signalling that Beijing is focussed on limiting the damage to the world’s second-largest economy. Negotiators heading to Washington for talks starting on Thursday aren’t optimistic about securing a broad agreement that would end the trade war between ...

Bloomberg A draft amendment to China’s Statistics Law will make officials and their bosses directly accountable for data accuracy and also increase the ceiling on fines for companies that report false information. The draft amendment was published by the National Bureau of Statistics on its website, with the bureau calling for feedback until November 9, according to a statement. If ...

Bloomberg Johnson & Johnson’s Janssen unit was hit with an $8 billion punitive-damages verdict — the largest jury award in the US this year — over its alleged mishandling of an anti-psychotic drug blamed for disfiguring the physique of adolescent boys. A state court jury in Philadelphia concluded the Janssen’s wrongful marketing of its Risperdal drug to teens warranted the ...

Bloomberg Panasonic Corp has hired a former Tesla Inc battery guru to a senior role at the so-called gigafactory the two companies share in the US. Celina Mikolajczak, who left Tesla in early 2018 for short stint at Uber Technologies Inc, joined Panasonic this month as vice president of battery technology. She’ll be based in Reno, Nevada, where Tesla and ...