News

  Abu Dhabi / WAM The United Arab Emirates announced that it is sending about 2,500 household generators to civilians affected by the ongoing crisis in Ukraine that has disrupted energy infrastructure and caused power outages, with the objective of helping them survive the harsh winter conditions. The assistance comprises 2,500 household generators, each with a power output of between ...

Sharjah / WAM Sharjah Investment and Development Authority (Shurooq)’s family-friendly destinations in coordination with the Sharjah Commerce and Tourism Development Authority are set to ring the New Year with colorful lights; from fireworks displays to amazing dining experiences to exclusive shows, each destination has specially curated events this year. Celebrating the 10th anniversary, Al Majaz Waterfront will have breathtaking eight-minute ...

Bloomberg Nio Inc founder and Chief Executive Officer William Li said the Chinese EV maker may face a challenging first half as a cut in government subsidies and the broader economic slowdown erode local demand in the world’s largest new-energy vehicle market. Customers are likely to try place orders before the end of the year, when the national subsidies for ...

  Bloomberg India will review rules to clarify how it will tax foreign companies that provide digital services such as internet advertising, online education, media streaming, news subscriptions and data storage. Currently, even if they have no other taxable presence in India, foreign service providers must pay an 18% goods and services tax if their offerings are largely automated, involve ...

  Bloomberg The Covid-19 outbreak that’s hitting China is being caused by strains of the virus that have already circled the world, with no signs yet of significant new mutations emerging, according to officials at a global consortium that’s tracking the pandemic. Chinese authorities submitted 25 new genetic samples from Beijing, Inner Mongolia and Guangzhou taken in the past month ...

  Bloomberg South Korea’s parliament approved a 2023 budget that reflects a more rigorous fiscal approach from the new government as it tries to position the nation to address rising economic risks. The 639 trillion won ($499 billion) fiscal blueprint passed represents efforts by officials under President Yoon Suk Yeol to reduce South Korea’s debt dependence and wean the economy ...

  Abu Dhabi / Gulf Time Khalifa Economic Zones Abu Dhabi – Kezad group, the integrated trade, logistics, and industrial hub of Abu Dhabi, has signed a lease agreement with Euro Auctions Middle East, a subsidiary of the Euro Auctions Group, to establish its largest auction house in the region for industrial plant, construction equipment and agricultural machinery. Under the ...

  Abu Dhabi / WAM During the Healthcare Protective Shield Wargaming Conference, the Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, identified different risk scenarios and helped prepare healthcare entities in Abu Dhabi for cyber threats by evaluating effectiveness of entities’ incident response and communication plan with the help of simulated cyber ...

  Bloomberg Oil rises, heading for second weekly gain, as Russia said it may cut crude production in response to the price cap imposed by the Group of Seven on its exports, highlighting risks to global supplies in the New Year. West Texas Intermediate climbed to $79 a barrel, putting it on course for a gain of about 6% for ...

  Abu Dhabi / WAM First Abu Dhabi Bank (FAB) with the support of its affiliate, Magnati, is collaborating with PayRow Net through the Ports Customs and Free Zone Corporation (PCFC) to establish a best-in-class digital payment platform to spur Dubai’s shift towards becoming a cashless economy. The new payment ecosystem is set to transform the existing payment gateway, leading ...