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Seoul / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday visited the Seoul National Cemetery at the beginning of his official visit to the Republic of Korea. The visit to the memorial began with a flag-saluting ceremony. His Highness then laid a wreath ...

DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance, and President of the Dubai Health Authority, on Tuesday officially opened the 24th edition of Dubai International Pharmaceutical and Technology Conference and Exhibition (Duphat), at the Dubai International Convention and Exhibition Centre. Running until February 28, Duphat brings together leading pharmaceutical experts, industry ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), opened the final phase of the Sheikh Khalifa’s Residential City for those affected by the floods that swept through the Hadramaut Governorate in Yemen during the past years. The move follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The city consists of 607 housing units in ...

ABU DHABI / WAM Borouge awarded TechnipFMC, Maire Tecnimont, and WorleyParsons, three major contracts for the fourth phase of the Ruwais petrochemicals complex which will include the world’s largest mixed feed cracker. In a ceremony held in Abu Dhabi, Borouge signed Front-End Engineering and Design (FEED), contract, Project Management Contract (PMC), and a licence contract associated with the mixed feed ...

Bloomberg As key engines of loan growth in the world’s fastest-expanding major economy, they once were investor favourites. But now traders won’t go near India’s shadow banks. About $22 billion has evaporated from a group of almost two dozen non-bank financial companies (NBFC) since August 31, before confidence was rocked. And investors aren’t rushing to get back in, according to ...

Bloomberg Unlike Southeast Asia, India isn’t seeing any investment gains as global trade tensions disrupt supply chains. Foreign direct investment in the third-largest Asian economy fell 7 percent in the nine months to December, signaling slowing investment before upcoming elections. FDI inflows into India during the period was $33.5 billion, lower than the $35.9 billion in the year-ago period. The ...

Bloomberg Hong Kong’s Financial Secretary Paul Chan will have a much smaller pile of cash to distribute than last year when he presents the annual budget on Wednesday, and a longer list of problems to address. The economy has slowed as the trading hub found itself wedged between the US-China standoff and the property market has come off its record ...

Bloomberg Indonesia plans to develop lucrative fishing grounds in the South China Sea as part of efforts to assert its sovereign authority over waters in which it has clashed with China. The Natuna Islands on the edge of the South China Sea, rich in gas and fish stocks, would be developed into a fishing hub, Indonesia’s Coordinating Minister for Maritime ...

Bloomberg Samsung Electronics Co. and Huawei Technologies Co. watched as Apple Inc. first priced a mass market smartphone at more than $1,000 — and now have upped the ante with new models at almost double that cost. Apple kicked off the trend in 2017 with the iPhone X. Its latest premium iPhones, the XS and XS Max, cost as much ...

Bloomberg When Larry Culp took command of flailing General Electric Co. late last year, his mandate was simple: be more aggressive. Fewer than five months later, investors are applauding. The shares soared as Culp took his boldest step yet to rescue the troubled behemoth, agreeing to sell GE’s bio-pharmaceutical business to his former employer, Danaher Corp, for $21.4 billion. Culp ...