News

Abu Dhabi / WAM The UAE spends more on direct emergency humanitarian aid to Yemen in 2018 than any country on earth, according to the Financial Tracking Services. Established in 1992 as a follow-up to UN General Assembly Resolution 46/182, FTS is managed by the UN Office for the Coordination of Humanitarian Affairs (OCHA) to track humanitarian aid flow. The ...

Abu Dhabi / Emirates Business Etihad Airways has offered its heartfelt congratulations to Emiratis, Hazza Al Mansouri and Sultan Al Nayadi, who have been selected as the first Arab Nationals to visit the International Space Station. Hazza and Sultan were chosen ahead of more than 4,000 candidates for the landmark mission to the habitable satellite hovering above earth. The Emirati ...

Dubai / WAM The inaugural Artificial Intelligence (AI) Week Middle East, a first-of-its-kind AI event in the region, got underway on Tuesday in Dubai. Endorsed by the Dubai Municipality and supported by the UAE Ministry of Health and Prevention as healthcare host partner, the event takes place during September 4-5 at the Park Hyatt, and dives deep into the field of ...

Dubai / WAM The importance of gastronomy in ensuring healthy eating was one of the main topics addressed by Mariam Hareb Almheiri, Minister of State for Food Security, at the World Food Summit 2018, which took place in Copenhagen, Denmark. Titled ‘Better Food for More People,’ this year’s summit saw the UAE minister join senior European and global dignitaries in ...

Dubai / WAM Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, on Tuesday officially inaugurated the Middle East region’s premier B2B event for the natural stone, marble and ceramics industry. Welcoming recognised industry brand names from around the world, Dr Thani Al-Zeyoudi toured the exhibition and met many company representatives who have gathered in Dubai for the ...

Bloomberg Europe’s strategic energy reserves shouldn’t be all about oil. As natural gas gains ground in the global energy transition, the cleanest fossil fuel should be allowed to replace some compulsory crude and oil product storage, according to Thierry Bros, a senior research fellow at the Oxford Institute for Energy Studies (OIES). That would help the region use some of ...

Bloomberg PVR Ltd., India’s largest movie exhibitor, is seeking growth opportunities overseas after sealing a deal to acquire a local cinema chain. The company’s “big focus” is to look at Saudi Arabia, while it’s also planning projects in Dubai, Chief Financial Officer Nitin Sood said in a telephone interview. PVR also expects to open a nine-screen multiplex in Sri Lanka’s ...

Bloomberg South Africa’s Solidarity labour union plans to escalate a strike at energy and chemicals company Sasol Ltd. from September 6 over the exclusion of white staff from an employee-shareholding plan, deputy General-Secretary Deon Reyneke said. Members of the union began protests including a so-called go-slow at the company on September 3, Reyneke said. The full strike later this week ...

Bloomberg China is exploring a merger between two of the nation’s three wireless carriers to speed up the development of 5G mobile services amid a race with the US over the technology, according to people familiar with the matter. The country’s top leaders are reviewing a proposal to combine China United Network Communications Group Co. and China Telecommunications Corp. but ...

Bloomberg Meituan Dianping started taking orders for a Hong Kong initial public offering that could raise as much as $4.4 billion as it warned there was no guarantee it would ever become profitable. The restaurant review and delivery giant backed by Tencent Holdings Ltd. is offering 480.27 million new Class B shares at HK$60 to HK$72 apiece, according to terms ...