Abu Dhabi / WAM In its ongoing efforts to enhance the innovation ecosystem in the emirate, the Competitiveness Office of Abu Dhabi (Coad), part of the Abu Dhabi Department of Economic Development (Added), has partnered with Prototype Interactive, a UAE-based digital transformation firm, to support inventors in developing their ideas into innovative digital and technological applications that will contribute positively ...
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Mohamed bin Zayed Institute of Cardiology opens in Pakistan
QUETTA / WAM Pakistan’s Army Chief of Staff General Qamar Javed Bajwa opened the Sheikh Mohamed bin Zayed Al Nahyan Institute of Cardiology, which was implemented in the city of Quetta, the capital of Balochistan province. The building is constructed on an area of 121,406 square metres, and at a cost of $27.30 million funded by the Abu Dhabi Fund ...
Read More »Khorfakkan glitzed up for UAE National Day
Sharjah / WAM Khorfakkan will host a range of festivities, including headline performances from artists Eida Al Menhali and Diana Haddad at the Khorfakkan Amphitheater on December 3 as part of the UAE 51st National Day celebration. On this occasion, Rashid Khamis Obaid Al Naqbi, Head of the Khorfakkan Municipal Council, stated, “Our joy in our nation, the UAE, ...
Read More »Etihad to stream all FIFA World Cup Qatar matches live
Abu Dhabi / Gulf Time Football fans flying with Etihad Airways during the FIFA World Cup Qatar 2022 can watch every match live onboard while in the air on Etihad’s E-BOX entertainment channels Sport 24 and Sport 24 Extra. The live TV service is available onboard the airline’s fleet of wide-body aircraft connecting destinations in Europe, North America, Australia, ...
Read More »China local governments face debt squeeze worth $2 trillion
Bloomberg Signs are growing in China that local government debt burdens are becoming unsustainable. China’s 31 provincial governments have a stockpile of outstanding bonds that’s close to the Ministry of Finance’s risk threshold of 120% of income. Breaching that line could mean regions will face more regulatory hurdles to borrow, hampering their ability to drive up economic growth. In ...
Read More »India seeking to shrink budget deficit: Minister
Bloomberg India wants to narrow its budget deficit by at least 50 basis points, according to people familiar with the matter, as authorities balance global investor scrutiny with the need for higher spending as the nation enters an election year. Finance Minister Nirmala Sitharaman will seek to shrink the shortfall to less than 6% of gross domestic product in ...
Read More »South Korea may order striking truck drivers to return to work
Bloomberg A South Korean official said the government is considering issuing an order to disband a strike by truck drivers that has blocked ports and industrial complexes, hampering supplies of key exports. “We are doing our best to minimize supply disruptions and taking emergency steps,†said Transport Minister Won Hee-ryong during a visit to the port of Busan on Thursday. ...
Read More »Adani’s flagship to raise $2.5b via share sale
Bloomberg Adani Enterprises Ltd. seeks to raise 200 billion rupees ($2.5 billion) by selling new shares as billionaire Gautam Adani’s flagship firm looks to increase its free float and improve leverage ratios. The board of the Ahmedabad-based company, helmed by Asia’s richest person, approved a further public offer of equity shares, according to an exchange filing Friday. The breakneck ...
Read More »Baidu posts surprise sales gain as investors eye turnaround
Bloomberg Baidu Inc. posted a surprise gain in revenue after cost cuts helped prop up the bottom line and online advertising held up better than anticipated against China’s economic downturn. Sales rose slightly to 32.5 billion yuan ($4.6 billion) in the September quarter, beating expectations for 31.8 billion yuan. The company posted a net loss of 146 million yuan in ...
Read More »Oil falls as Russian price-cap talks drag on, demand lags
Bloomberg Oil falls for a second day as the European Union (EU) considered a higher-than-expected price cap on Russian crude and evidence mounted of challenges to demand. West Texas Intermediate slipped below $78, trading in a narrow range and with volumes thin due to a US holiday. EU diplomats are locked in negotiations over how strict the Russian mechanism should ...
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