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Dubai / WAM Dubai Chamber of Commerce and Industry revealed that it has achieved 100 percent smart transformation of its core services, marking a new milestone in the organisation’s digital transformation mission. By the end of 2020, 99.26 percent of the services and 659,000 transactions processed by the Chamber were digital, reflecting a rapid shift to digital adoption led by ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), announced that it has awarded contracts worth AED217 million in the first quarter of 2021 for various activities. The contracts were awarded majorly for the development of company’s district cooling infrastructure in Dubai, including the expansion of pipeline network, setting up semi-permanent plant rooms, establishing Thermal Energy Storage systems, Energy Transfer ...

Bloomberg China’s air force sent 25 fighters and bombers over the Taiwan Strait, escalating military pressure on the government in Taipei as it boosts ties with the US. Beijing deployed 14 J-16 and four J-10 fighters, four H-6K bombers, two Y-8 anti-sub warfare planes and one KJ-500 early warning aircraft into the southwest section of Taiwan’s air defense identification zone, ...

Abu Dhabi / WAM Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company and the global aerospace engineering and leasing solutions leader, has closed a $55 million debt financing deal with the Commercial Bank of Dubai, one of the UAE’s leading financial institutions. The first-ever collaboration between Sanad Capital and the Commercial Bank of Dubai will fund the purchase of ...

JAKARTA / WAM Joko Widodo, President of Indonesia, ordered the renaming of a major road in Indonesia after His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in appreciation of His Highness Sheikh Mohamed and the distinguished ties between the UAE and Indonesia. Dr Pratinko, Minister for ...

Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation has urged private sector companies to pay the wages of their employees on time, under the framework of the national Wage Protection System aimed at ensuring labour stability. This issue is one of the challenges caused by the coronavirus (Covid-19) pandemic, which has negatively affected international labour markets and ...

Bloomberg Asia’s top ride-hailing startups are pushing ahead with listing plans, as they seek to take advantage of a boom in equity offerings to fund expansion in everything from food delivery to autonomous driving. Beijing-based Didi Chuxing has filed confidentially with the US Securities and Exchange Commission for an initial public offering that could raise several billion dollars, according to ...

Bloomberg Toshiba Corp’s Chief Executive Officer Nobuaki Kurumatani has seen a sharp drop in support from executives and other employees in internal surveys, according to people familiar with the matter. Employees who have confidence in the CEO fell to less than 60% in an internal January poll, down from more than 90% last year, said the people who asked not ...

Bloomberg Countries across the Asia Pacific are demurring on AstraZeneca Plc’s Covid-19 vaccine, or restricting its use, in a move that may delay protection for the region amid concerns that the shot could trigger a rare and potentially deadly blood clotting condition. After guiding against the vaccine’s use in people under 50 and saying that it didn’t expect shipments from ...

Bloomberg Ukraine urged Russia to pull back troops from its border as Secretary of State Antony Blinken warned the US would impose “costs” on any Kremlin aggression. Tensions between the two neighbours are the highest since the end of large-scale fighting in the conflict that began after President Vladimir Putin annexed Crimea in 2014. The war over the status of ...