Uncategorized

DUBAI / WAM The Knowledge and Human Development Authority (KHDA) on Monday announced that private schools in Dubai will not be increasing tuition fees for the 2021-22 academic year. This is the second consecutive year that fees for Dubai schools have remained steady. The announcement follows the release of the annual Education Cost Index (ECI) calculated by the Dubai Statistics ...

DUBAI / WAM Emirates and TAP Air Portugal signed a memorandum of understanding to expand the codeshare partnership currently in place between both airlines. The new agreement will see customers of both airlines benefit from seamless connectivity on many new routes across the Americas, North Africa and East Asia. Emirates and TAP Air Portugal will also explore ways to enhance ...

Bloomberg Eskom Holdings SOC Ltd., which supplies almost all of South Africa’s power, said it’s undertaking long-overdue repairs at its facilities amid a high risk of nationwide outages, and it expects supply to improve later this year. The debt-stricken state utility has implemented electricity rationing — known locally as load-shedding — on 19 days so far this year after record ...

Bloomberg Tencent Holdings Ltd. shares fell a second day on concern regulators are now turning their sights to Pony Ma’s business empire, fueling a $62 billion wipe-out that one brokerage says obliterated most of the value of its online finance business. The stock fall more than 4% in Hong Kong on Monday. China’s top financial regulators see Tencent as the ...

Bloomberg India’s draft e-commerce rules to prevent creation of “digital monopolies” and aid local startups may raise costs and stymie expansion plans at companies such as Amazon.com Inc. and Walmart Inc. The draft rules seek to prescribe a code of conduct for online retailers and define cross-border flow of user data, according to a note titled Draft Ecommerce Policy. Prime ...

Bloomberg The Philippines’ renewed surge in coronavirus infections will have limited impact on the economy as authorities impose localised lockdowns and as vaccinations pick up, Economic Planning Secretary Karl Chua said. The Southeast Asian nation, which will likely remain in recession this quarter, has to manage the spike in cases without reinstating stricter movement curbs which will hurt jobs, Chua ...

Bloomberg Indonesia, a top supplier of a key battery metal, will aim to boost sales of electric vehicles with a new regulation that will cut tax breaks for hybrid cars. Battery-powered electric vehicles will retain their 0% luxury tax rate, while plug-in hybrid vehicles will see their tariff increase to 5% from 0%, according to a draft regulation issued by ...

Bloomberg Myanmar’s junta on Monday extended “full martial law” to additional areas in Yangon following a weekend of nationwide protests that left at least 50 people dead in the wake of a brutal crackdown by security forces. Coup leaders first imposed the measure in two townships after the Chinese Embassy asked authorities to guarantee the safety of Chinese investments and ...

Dubai / Emirates Business Data and artificial intelligence (AI) are expected to become key pillars that will build and grow the UAE’s digital economy in the future, adding a major boost to the country’s gross domestic product (GDP) in the long term, industry experts predicted during a recent virtual panel discussion hosted by Dubai Chamber of Commerce and Industry. The ...

DUBAI / WAM Terra – the Sustainability Pavilion is already inspiring action towards a cleaner, safer, healthier world, with 96 percent of people who have visited the Expo 2020 Pavilions Premiere so far saying the experience has motivated them to change their behaviour. Since launching at the end of January, the Pavilions Premiere has offered more than 50,000 visitors an ...