Abu Dhabi / WAM Dr Hamdan Al Mazrouei, Chairman of the Board of Directors of Emirates Red Crescent (ERC), said President His Highness Sheikh Mohamed bin Zayed Al Nahyan’s order to give an additional $50 million aid to the earthquake victims in Syria reflects the President’s desire to strengthen the humanitarian efforts there. This will help alleviate the sufferings of ...
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Hong Kong population decline slows as financial hub reopens
Bloomberg The pace of decline in Hong Kong’s population abated as the city moved to reopen after years of pandemic isolation. The city’s population fell by a net 12,900 people in the second half of 2022, down from a decrease of 55,400 in the first six months, according to government data. The previously announced population drop of 121,500 in the ...
Read More »India allows Google, Amazon as online payment aggregators
Bloomberg The Reserve Bank of India published a list of 32 entities, including Alphabet Inc’s Google Pay, Amazon.com Inc’s Amazon Pay and Reliance Payment Solutions Ltd, that are allowed to act as online payment aggregators. The names were released for “disseminating information and ensuring greater transparency,†the central bank said on its website. Other approved entities include Zomato Payments ...
Read More »China home prices steady in Jan, ending 16-month decline
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 ...
Read More »Japan’s trade deficit smashes record, topping $26.1 billion
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 ¥3.5 trillion ($26.1 billion) from ¥1.45 trillion in December, topping ¥3 trillion for the first time in comparable data going back the late 1970s, ...
Read More »Samsung invests in Swedish app
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 ...
Read More »India’s Modi likely to retain wheat export curbs as polls loom
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 ...
Read More »Homes r Us expands its reach in UAE with newest store in Ajman
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 ...
Read More »UAE President orders additional $50 million for quake-hit Syria
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 ...
Read More »UAE Food Bank in deal to save food from wastage, spoilage
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 ...
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