Uncategorized

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have reviewed the final preparations of the Emirates Mars Mission team as the Hope Probe is a few ...

ABU DHABI / WAM After successfully establishing air and sea links, Israel is looking into the potential of road traffic with the UAE to further develop the bilateral trade corridor, said the top diplomat at the newly opened Israeli embassy in Abu Dhabi. The air and sea links have already enabled goods traffic on flights within a few hours and ...

ABU DHABI / WAM The central bank of the UAE (CBUAE) has issued a Consumer Protection Regulation, the foundation of its new Financial Consumer Protection Regulatory Framework (FCPRF) and aims to ensure the fair treatment and protection of consumers. The new regulation is supported by Decretal Federal Law No. 14 of 2018 Regarding the Central Bank and Organisation of Financial ...

DUBAI / WAM Enoc Group on Monday announced that the construction of its pavilion at Expo 2020 has been completed. The state-of-the-art pavilion under the theme of ‘Reimagine Energy,’ occupies a plot of approximately 2,060 m2 and comprises five distinct structures. The pavilion was built using 700 tonnes of steel to minimise waste and environmental impact, and to promote environmental ...

Bloomberg India unveiled a spending plan of almost $500 billion as the government of Prime Minister Narendra Modi seeks to dig Asia’s third-largest economy out of its pandemic-induced slump. His government’s plan relies on taxes, including higher levies on some imports to boost self-reliance, selling state assets and dividend income to partly fund the nearly 35 trillion rupee ($480 billion) ...

Bloomberg Hong Kong insurance giant AIA Group and China Strategic Holdings, an investment firm backed by billionaire Henry Cheng, are among final bidders for Bank of East Asia (BEA)’s life insurance unit, according to people with knowledge of the matter. The companies have submitted binding bids for the asset, proceeding into the final stage of negotiations, the people said, asking ...

Bloomberg China’s efforts to control a recent resurgence of Covid-19 are undercutting a recovery that’s been one of the bright spots in the global economy. Travel has collapsed ahead of the Lunar New Year holidays after recent lockdowns were imposed in northern China to curb outbreaks and the government took steps to discourage millions of people from making the annual ...

Bloomberg Myanmar’s military detained Aung San Suu Kyi, declared a state of emergency for a year and voided her party’s landslide November election victory in a setback for the country’s nascent transition to democracy. Army chief Min Aung Hlaing’s office said he took the action in response to alleged voter fraud and military would hold a “free and fair general ...

Bloomberg The European Union (EU) is seeking to overturn Apple Inc.’s victory in a 13 billion-euro ($15.8 billion) tax dispute, saying judges used “contradictory reasoning” when they found that the company’s Irish units weren’t liable for huge payments. A summary of the appeal published on Monday shows the EU’s determination to challenge the critical July court judgment. The decision was ...

Bloomberg President Joe Biden withdrew all the spending cuts proposed by former President Donald Trump during his final days in office. Biden said in a letter to Congress that he was reversing all 73 spending cuts that Trump had requested, which touched virtually every cabinet-level agency as well as federal programs such as the National Endowments of the Arts and ...