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Abu Dhabi / WAM Khalifa Fund for Enterprise Development and Elite Agro, a leading UAE-based food and agricultural investment organisation, on Sunday announced the signing of a two-year Memorandum of Understanding (MoU). The MoU between the two respective parties has been developed to manage and operate a number of protected farms that fall under the umbrella of Khalifa Fund, with ...

Dubai / WAM Dubai has launched a compliance programme to certify and recognise hotels and retail establishments, F&B outlets and attractions that have implemented all public health protocols for the prevention and management of Covid-19. The initiative is part of efforts to showcase Dubai as one of the world’s safest destinations as it continues to receive tourists following the city’s ...

Dubai / WAM Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, continued to drive the future of finance during the first half of 2020. The centre made progress on its 2024 strategic priorities and achieved a record number of registrations in the first six months of 2020. These ...

Bloomberg Eskom Holdings SOC Ltd’s own mishandling of a repair contract led to the closure of its Camden power plant, a move that worsened power cuts by South Africa’s near-monopoly electricity provider, the company said. In its first detailed explanation of the shutdown, Eskom said the initial 635 million rand ($38 million) contract expired in 2018 amid questions about conflicts ...

Bloomberg Russia’s ambassador to the UK, Andrei Kelin, rejected allegations that hackers linked to the country’s intelligence services targeted British coronavirus vaccine research, and accused Britain of cyber-attacks against Russia. Britain’s National Cyber Security Centre said that vaccine and therapeutic sectors in multiple countries have been targeted by a group known as APT29, which it said is “almost certainly” part ...

Bloomberg European Union (EU) leaders meeting in Brussels were fighting to close a deal for a 750 billion-euro stimulus package as fiscally hawkish countries from the North tried to strip the plan of much of its firepower. While the Dutch government welcomed a new proposal unveiled that cut the amount of grants in the program to 450 billion euros from ...

Bloomberg The British government privately told Huawei Technologies Co. that the decision to ban the company’s equipment from the UK’s 5G networks stemmed partly from pressure by the US, the Observer reported, without saying how it got the information. British officials gave the Chinese company the impression that the decision could be reviewed, perhaps if US President Donald Trump fails ...

Bloomberg Prime Minister Boris Johnson’s chief scientific adviser acknowledged there were failings in the UK’s response to the coronavirus pandemic, and said some decisions will turn out to have been wrong. “It’s clear that the outcome has not been good in the UK,” Patrick Vallance told the House of Commons Science and Technology Committee hearing. “There will be decisions made ...

Bloomberg With job cuts mounting and costly furlough programs that can’t last forever, Europe is at risk of a devastating increase in unemployment that won’t be easy to reverse. Economies across the continent are recovering and company sentiment is brightening, but it’s a different story when it comes to hiring. After months of crisis, the outlook remains too uncertain for ...

Abu Dhabi / WAM The UAE leaders reviewed the Hope probe’s pre-flight preparations days before its historic launch to Mars from Japan’s Tanegashima Space Center in the first ever Arab interplanetary mission. Through a video meeting, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed ...