Uncategorized

  Bloomberg Alibaba Group Holding Ltd. reported a surprise loss after quarterly revenue barely grew, as China’s rigid Covid controls continue to sap consumer sentiment. Revenue rose a slightly less-than-expected 3% to 207.2 billion yuan ($29 billion) in the September quarter, versus the 209 billion yuan average projection. It reported a net loss of 20.6 billion yuan versus estimates for ...

  Bloomberg On November 14 in Sharm El-Sheikh, representatives from nine countries sat down to dinner. It was the start of the second week of COP27, but this was no panel discussion or debate over loss and damage. The dinner, hosted by California-based startup Good Meat, Washington DC-based nonprofit the Good Food Institute (GFI), and the country of Singapore, was ...

Bloomberg Ukrainian President Volodymyr Zelenskiy said taking back Crimea, which was annexed by Russia in 2014, as well as the country’s long-occupied eastern Donbas region are conditions for bringing the nine-month war to an end. “A simple ceasefire won’t do the trick,” Zelenskiy said in a video interview at the Bloomberg New Economy Forum in Singapore. “Unless we liberate our ...

Bloomberg Chinese President Xi Jinping confronted Canadian Prime Minister Justin Trudeau at the Group of 20 summit, accusing him of leaking details of a private meeting — an unusually candid glimpse of Xi’s interactions with other world leaders. “Everything we discussed was leaked to the newspapers. That’s not appropriate, and that’s not the way our conversation was conducted, right?” Xi ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) signed a memorandum of understanding (MoU) with Abu Dhabi Global Market (ADGM), the international financial centre of the UAE capital, collaborating to support the growth needs of the financial community of Abu Dhabi. The MoU entails Adib providing ADGM registered and licensed entities and dedicated client managers Preferential Shari’a compliant banking ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, has said that under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE leads global efforts to promote the values of tolerance and coexistence. In his keynote speech on the second day of the Global Media Congress marking the International ...

  Dubai / WAM Arada will once more take part in Cityscape Dubai, which is taking place between November 21-23 at the Dubai World Trade Centre. During the show, which brings together some of the region’s largest developers, Arada will showcase its existing projects, Aljada and Masaar, as well as announcing new expansion plans that cater to the exceptionally strong ...

  Sharjah / WAM Air Arabia has announced the launch of a new route from Sharjah to Namangan in Uzbekistan. The new direct flights will connect Sharjah International Airport with Namangan Airport with three weekly flights starting from November 27. Adel Al Ali, Group Chief Executive Officer of Air Arabia, said, “We are glad to further expand our reach to ...

Bloomberg Nato and Poland’s leaders said there is no indication that a missile that struck Polish territory late Tuesday was an intentional Russian attack as governments in the military alliance moved to defuse the incident. “Our preliminary analysis suggests that the incident was likely caused by a Ukrainian air defense missile fired to defend Ukrainian territory against Russian cruise missile ...

BALI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan participated on Tuesday in the main session of the 17th Group of 20 (G20) Heads of State and Government Summit, which started in Bali, Indonesia and chaired by President Joko Widodo of Indonesia. The two-day summit sees the attendance of the G20 leaders and several representatives of international ...