News

  Bloomberg Twitter Inc was sued for failing to pay $136,250 in rent for its office space in San Francisco. The landlord, Columbia Reit – 650 California LLC, says it notified Twitter that it would be in default on its lease for the 30th floor of the Hartford Building in five days unless the rent was paid. The tenant failed ...

  Bloomberg The UK arm of environmental activist group Extinction Rebellion said it plans to step away from attention-grabbing tactics that have caused widespread public disruptions and instead focus on building broader support to help combat rising carbon emissions. “As we ring in the new year, we make a controversial resolution to temporarily shift away from public disruption as a ...

Bloomberg Tesla Inc shares have fallen so far, so fast that some individual investors are piling in, seeing a chance to pick up what was once Wall Street’s highest flying stock on the cheap. But would-be bargain hunters may want to take a closer look. Even after 2022’s record 65% drop, the electric-car maker’s meteoric surge during 2020 and 2021 ...

  Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) will permanently close all Seha Covid-19 centres in Abu Dhabi, Al Ain, and Al Dhafra starting from December 31, 2022. Covid-19 screenings and vaccinations are offered at Seha Healthcare centres. The positive cases are assessed at the Rahba and Al-Ain Hospitals. Meanwhile, the Department of Health – Abu Dhabi ...

  Abu Dhabi / WAM Khalifa Economic Zones Abu Dhabi (Kezad group), the integrated trade, logistics, and industrial hub of Abu Dhabi, has signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomerate Dana group, for the establishment of its first hot and cold rolling steel complex in Abu Dhabi. Under the terms of the agreement, ...

  Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolences to Narendra Modi, Prime Minister of India, over the death of his mother. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, dispatched a similar cable of condolences to ...

  Dubai / WAM A total of 2,790 real estate transactions worth AED9.6 billion were conducted during the week ending December 30, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 179 plots were sold for AED 1.39 billion, while 2,071 apartments and villas were purchased for AED 5.64 billion. The top three transactions ...

  Bloomberg Oil is set to end a volatile year modestly higher as investors look ahead to a potential rebound in Chinese demand next year and brace for the possibility that less Russian crude will make it to buyers. West Texas Intermediate futures edged lower near $78 a barrel in the final session of 2022 and are up about 4% ...

  SHENZHEN / WAM Chinese tech giant Huawei expects its revenue for 2022 to reach 636.9 billion yuan (about $91.59 billion), according to the company’s rotating chairman Eric Xu. Chinese news agency, Xinhua, quoted Xu as saying that the performance was in line with the forecast; a statement he made during the company’s annual New Year’s message on Friday. Over ...

  Abu Dhabi / WAM Abu Dhabi Public Health Centre (ADPHC) has introduced the UAE’s first mobile BSL-3 (Biosafety level 3) laboratory in Abu Dhabi. Equipped to handle highly infectious disease agents, (Crimean-Congo haemorrhagic fever, Yellow fever, and more) the BSL-3 mobile laboratory will enhance the emirate’s infectious disease preparedness through swift, safe and accurate testing of communicable diseases. Matar ...