News

  DUBAI / WAM As the 2022 World Cup in Qatar united the world to the Middle East, nearly 2,000 global business executives and investors will attend the World Corporate Summit in Dubai to share the vision of improving the world through business. Held in Dubai from November 21 until December 15 at the Palace Downtown Hotel, this record-breaking mega ...

  Dubai / Gulf Time After having firmly entrenched itself the world over Momentum Group is all set to foray in the multicultural cosmopolitan Dubai market which is synonymous with the posh shopping malls, penthouses and where the real estate and tourism activity is fast returning to normal. The three-decade old group under the able guidance of Gamal El Hakim ...

  Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) received the e-Marketplace Champion Award for its excellence in digital adoption from blockchain-powered e-Marketplace TradeAssets. With TradeAssets platform, Adib has secured 130 deals with total value of over $128 million till date and 11 banks from Bangladesh. Abdulla Shehhi – Global Head International Business Group (IBG), at Adib, said, “Adib ...

Abu Dhabi / WAM The Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has helped develop an innovative new app that encourages adoption and mastery of the Arabic language. The ‘Scan and Learn Arabic’ app, launched in collaboration with Abu Dhabi’s Department of Community Development (DCD) and Department ...

  Bloomberg The drive to launch new carbon exchanges in Asia has reached new heights with Malaysia entering the fray, raising questions about how many will survive in a market that could be worth hundreds of billions in a few decades. Bursa Malaysia Bhd opened an exchange this month, joining more than a dozen that are under way or planned ...

  Bloomberg India’s unemployment rate in December climbed to its highest point since a nationwide pandemic lockdown, as the country struggles to produce enough jobs to absorb a growing workforce. The joblessness rate in the first three weeks of December was over 8% of the available labour force, Mahesh Vyas, head of the Centre for Monitoring Indian Economy Pvt Ltd, ...

  Bloomberg China confirmed it’s narrowed how it defines a Covid death, adding weight to speculation that its strikingly low official tally is hiding the true picture of the chaos unleashed by this month’s abrupt pandemic pivot. The country will only count people who tested positive for Covid and died of respiratory failure as official virus deaths, Wang Guiqiang, a ...

  Bloomberg India’s biggest carmaker, Maruti Suzuki India Ltd, said government levies put vehicles beyond the reach of much of the population, adding to criticism of the country’s tax regime from Tesla Inc and Toyota Motor Corp. “Government policies are such that they treat cars as luxury products that need to be heavily taxed,” Maruti Chairman RC Bhargava said at ...

  Bloomberg Taiwan’s export orders plummeted by the most since the height of the global financial crisis more than a decade ago, a sign of worsening global demand for technology products. Overseas orders to Taiwanese firms fell 23.4% in November from a year earlier, according to a statement from the Economics Ministry. That was almost double the 12.8% drop economists ...

  Bloomberg After the worst year for initial public offerings (IPO) in Hong Kong since the financial crisis, bankers and analysts expect a recovery in listings in the Asian financial hub as China moves forward with reopening plans. Proceeds raised in the city totalled $12.9 billion in 2022, down 70% versus last year, outpacing the 29% contraction in the Asia ...