News

  Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) is making significant progress in its commitment to declare Abu Dhabi free of single-use plastic products, achieving the objectives of the Single-Use Plastic Policy in the emirate. The agency reports a significant reduction in the consumption of single-use plastic bags, with people switching to alternative, more sustainable reusable ...

Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) held a coordination meeting with the Department of Culture and Tourism (DCT) to discuss ways to support and develop the strategic partnership in common areas, as directed by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of the Presidential Court and Chairman of the Judicial Department of ...

  Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) discussed with the Moscow Chamber of Commerce and Industry the cooperation chances for business communities in Sharjah and Moscow, and how to benefit from the strong ties between the UAE and the Russian Federation to discover rewarding opportunities in industries that characterise the economies of both sides, especially ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has completed improvements of Al Manama Street, which is part of the Dubai-Al Ain Road Improvement Project opened in May 2022. The project stems from RTA’s efforts to upgrade roads and transportation infrastructure, besides supporting Dubai’s urban and sustainable development. The project entailed the construction of a new traffic corridor ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has commissioned a new 132/11kV substations in Al Awir First with a transmission capacity of 150 MVA, at a total cost of AED180 million. Dewa also inaugurated a new transmission 400/132kV substation in Jebel Ali First and overhead cables with a conversion transmission of 2,000 MVA, at total cost of ...

  Bloomberg Huawei Technologies Co and ZTE Corp were banned from selling electronics in the US by regulators who say they pose a security risk, continuing a years-long effort to limit the reach of Chinese telecommunications companies into US networks. The Federal Communications Commission (FCC), in an order, also named connected-camera providers Hangzhou Hikvision Digital Technology Co and Dahua Technology ...

  Bloomberg Oyo Hotels, the once high-flying Indian startup, reported a narrower quarterly loss after curbing spending to cope with a slow recovery in travel following the pandemic. The loss shrank to 3.33 billion rupees ($40.8 million) in the three months through September from 4.14 billion rupees in the preceding quarter, the company said in a statement. Revenue was little ...

Bloomberg Bangladesh is on course to become a $1 trillion economy by 2040, driven by consumer optimism, innovation in emerging economic sectors and a young engaged workforce, according to Boston Consulting Group (BCG). With average annual growth of 6.4% between 2016 and 2021, the South Asian nation has outpaced peers such as India, Indonesia, Vietnam, the Philippines and Thailand, BCG ...

  Bloomberg India plans to sell small stakes in state-run firms including the world’s biggest coal miner and Asia’s largest zinc producer, to ride a stock market boom and boost revenue in the final quarter of the financial year, according to people familiar with the matter. The government is looking to sell 5%-10% in Coal India Ltd, Hindustan Zinc Ltd, ...

  Bloomberg Tesla Inc is recalling almost 81,000 electric cars in China — more than it typically ships from its Shanghai factory in any given month — due to a software issue and seat belt problems. The US EV maker will call back 70,434 imported Model S, Model X and Model 3 vehicles, and 10,127 China-made Model 3 cars, the ...