News

Dubai / WAM Ithra Dubai has announced the start of the first sliding phase of the world’ s largest cantilever or ‘The Link’, on its One Za’abeel development. The commencement of the sliding works commenced on September 12. One Za’abeel is an iconic, high-rise, mixed-use luxury development currently under construction in the heart of the city, standing at the gateway ...

ABU DHABI / WAM The UAE, represented by a team from the Khalifa bin Zayed Al Nahyan Foundation, is continuing to provide food and shelter to thousands of people in flood-ravaged Sudanese provinces. The team dispatched an aid convoy to support villages in Al Jazeerah Province, which includes 6,000 food parcels and 200 tents that were distributed to people who ...

DUBAI / WAM The second edition of Dubai Marine Insurance Conference (DMIC), focusing on offshore energy as an integral part of the UAE’s Maritime Week will be held on the September 24 in Dubai. The inaugural edition of DMIC was launched in November 2018 and hosted by the Dubai Maritime City Authority and supported by the Emirates Maritime Arbitration Centre. ...

DUBAI / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs, and a South African delegation headed by the Consul-General, Mogobo David Magabe, have discussed means to further develop cooperation relations between the two sides. Musabih briefed the South African delegation about customs facilities and services delivered by Dubai Customs to investors and businesses. He also talked about the different initiatives ...

Bloomberg The Indian government’s decision to launch a $1.4 billion fund to salvage stalled residential projects is unlikely to revive a sector that’s been the worst hit by the growth slowdown in Asia’s third-largest economy. As part of a broader plan to kick-start the economy, Finance Minister Nirmala Sitharaman announced the setting up of a 100 billion rupee fund to ...

Bloomberg The US National Highway Traffic Safety Administration (NHTSA) is investigating Nissan Motor Co’s top-selling model after hundreds of drivers complained a safety system is prone to suddenly triggering the brakes for no apparent reason. More than 840 Nissan Rogue drivers have complained to NHTSA and the company that the vehicle’s automatic emergency braking system activates when there’s no obstruction ...

Bloomberg South Korea will probably announce its decision to officially exclude Japan from its “whitelist” of trusted export destinations as early as this week, Yonhap reported. Should the measures be implemented, Japan will be removed from the group of 29 member states of the export control regime that also includes the US and will be subject to stricter export conditions, ...

Bloomberg China’s Uber-for-trucks startup Full Truck Alliance said it’s weighing an initial public offering after breaking even from May, defying a sector-wide downturn. The company, which is backed by SoftBank Group Corp and Tencent Holdings Ltd, said its improved financial performance dovetailed with its decision not to follow through on a plan to raise as much as $1 billion in ...

Bloomberg Philippines Finance Secretary Carlos Dominguez wants the main tax agency to shut down and file cases against online gaming operators that haven’t paid their dues. Dominguez issued the order after finding out that the Bureau of Internal Revenue hasn’t substantially collected the 21.6 billion pesos ($420 million) in income taxes that should have been withheld by online gaming operators, ...

Bloomberg The United Auto Workers (UAW) let its contract with General Motors Co expire after unsuccessful talks over an extension, setting the stage for a strike by the union’s 46,000 US workers. The UAW said it will work without a contract while it decides on a course of action. It had been bargaining with the largest US automaker before a ...