Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD), which has been conducting research to assess the state of fish stocks since 2001, recorded a noticeable improvement in the state of fish stocks during 2020 for some of the major commercially fished species in Abu Dhabi waters. Following continued efforts under the directives of HHSheikh Hamdan bin Zayed ...
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Korean economy joins China in surpassing pre-Covid peak
Bloomberg South Korea led the developed world to join China in exceeding the size of its pre-pandemic economy, as investment and exports helped it expand faster than expected. Gross domestic product grew 1.6% during January-March from the previous quarter, the Bank of Korea said, easily beating economists’ consensus for a 1.1% expansion. That pushed GDP above the level at the ...
Read More »Ant-backed Zomato files for $1.1b Mumbai IPO
Bloomberg Zomato Ltd, an Indian food delivery startup backed by Jack Ma’s Ant Group Co, has filed an initial prospectus with Indian market regulator for an initial public offering that could raise as much as 82.5 billion rupees ($1.1 billion). The company plans to issue new shares to raise a maximum 75 billion rupees, while its major shareholder Info Edge ...
Read More »Soaring oxygen demand makes Indian tycoon slash steel output
Bloomberg India’s most valuable steelmaker is cutting output to step up supplies of medical-grade oxygen as the country grapples with a devastating shortage of the life-saving gas amid surging coronavirus infections. JSW Steel Ltd said it is reducing output to augment liquid medical oxygen supply to more than 900 tons a day by April-end, and more than 20,000 tons for ...
Read More »Glacial pace of vaccinations threatens Japan’s Olympics
Bloomberg In the race to vaccinate citizens against Covid-19, Japan should be a front-runner. It has nearly universal healthcare coverage and pharmaceutical prowess, not to mention a pending national election, a large elderly population and the looming Olympics to motivate political leaders to move fast. Yet it has the dubious distinction of being among the worst performers when it comes ...
Read More »Sleaze crisis deepens for UK’s Johnson with watchdog probe
Bloomberg UK Prime Minister Boris Johnson is facing an official investigation into whether he or his party broke election law by failing to declare the funding of works to refurbish his government residence. The Electoral Commission, which regulates political donations, announced the inquiry amid questions over whether Johnson took an undeclared loan from a political donor to cover the costs ...
Read More »EGA starts up first section of Al Taweelah smelter expansion
Dubai / WAM Emirates Global Aluminium (EGA) on Tuesday announced the start-up of the first section of an expansion to the company’s Al Taweelah smelter. The 26 new reduction cells at potline 1 at Al Taweelah will now ramp-up to produce some 30,000 tonnes of aluminium per year, the company said in a statement on Tuesday. In total, EGA is ...
Read More »UAE sends food aid to Comoros
Abu Dhabi / WAM The UAE on Tuesday sent an aid plane containing 43 metric tons of food to Union of the Comoros as part of its humanitarian initiatives during the Holy Month of Ramadan to meet the needs of thousands of families with limited income. This comes against the backdrop of ongoing efforts to assist those affected by the ...
Read More »First Emirati female astronaut is a UAEU alumna
ABU DHABI / WAM The first female Arab astronaut, Nora Al Matrooshi, is one of its graduates and had obtained a Bachelor’s Degree in Mechanical Engineering from the university in 2015, the United Arab Emirates University announced. Zaki Anwar Nusseibeh, the Cultural Advisor to the President of the UAE and the Chancellor of UAE University, expressed his deep appreciation and ...
Read More »Etihad launches sale to Athens from AED995 return in economy
ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, has launched a sale on fares to Greece, as travellers from the UAE are not required to quarantine on arrival. Fly from Abu Dhabi to Athens in Economy for just AED 995 return or AED 9,995 in Business. Fares are valid until May 3 for travel ...
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