News

  Bloomberg China’s home prices steadied in January, ending a 16-month decline after the government expanded stimulus policies for the sector. New-home prices in 70 cities, excluding state-subsidised housing, remained unchanged, compared with a 0.25% decline in December, National Bureau of Statistics figures showed. In the secondary market, existing-home prices dropped 0.28%, smaller than the 0.41% decline in the previous ...

  Bloomberg Japan’s trade deficit surged to a record in January, as one-off factors including the lunar new year holidays dragged on exports amid a backdrop of a slowing global economy. The trade gap jumped to Â¥3.5 trillion ($26.1 billion) from Â¥1.45 trillion in December, topping Â¥3 trillion for the first time in comparable data going back the late 1970s, ...

  Bloomberg Samsung Electronics Co joined the latest funding round for Swedish fertility tracking app Natural Cycles as lead investor, seeking to introduce the female-health technology to its Galaxy series smartwatches. The Natural Cycles app, which monitors body temperature to gauge fertility, in 2018 became the first contraceptive of its kind to be approved by the US Food and Drug ...

  Bloomberg Keeping the cost of staple foods in check to protect the poor will be a top priority for Indian Prime Minister Narendra Modi as he plans for polls in several states this year and the all-important general election in 2024. That means the government will likely extend export curbs for wheat, which is an essential part of the ...

  Ajman / Gulf Time In 2003, Homes r Us opened the door to their first-ever store in the UAE. Since then, the home-grown brand has extended its reach throughout the UAE and the Middle East, carving a space for itself as a quality home décor and furniture brand that is well-loved by generations. Over the past 20 years, the ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has ordered the provision of an additional $50 million as relief aid for quake-affected people in Syria, with $20 million of the sum to be allocated to implement humanitarian projects in response to the emergency appeal of the United Nations (UN) regarding Syria. The project will be ...

  Dubai / WAM The UAE Food Bank and the Regional Food Banks Network signed, in conjunction with the World Government Summit in Dubai, a partnership agreement to preserve food from wastage and destruction, and to strengthen the bonds of joint cooperation between them in their fields of work. The two parties seek joint cooperation in many fields, including learning ...

  Abu Dhabi / WAM The UAE’s Edge group has announced the acquisition of a majority stake in Estonia-based Milrem Robotics, Europe’s leading developer of robotics and autonomous systems. The transaction is the largest foreign investment in Estonia’s growing defence industry. Milrem Robotics will join Edge as a new entity within its Platforms & Systems cluster, complementing the group’s multi-domain ...

  Dubai / WAM Under the patronage of the Ministry of Energy and Infrastructure (MoEI), Brooge Energy, a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage, on Wednesday announced a partnership with Siemens Energy, one of the world’s largest energy technology supplier, to develop a plant to produce green hydrogen ...

  Manama / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, announced on Wednesday that it is planning to invest up to $1 billion in the real estate market in the GCC over the next five years. This follows Investcorp’s first real estate acquisition in Saudi Arabia. The investment is a new, state-of-the-art, ...