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China’s commodities imports fall in October

Bloomberg China’s purchases of key commodities fall in October from the prior month, mainly because of seasonal factors including an extended holiday at the start of the month in the world’s biggest buyer of raw materials. While the nation’s broader imports couldn’t hold September’s heady pace, slumping to below-consensus growth of 4.7%, “a second straight monthly expansion suggests a continuous ...

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Covid-19: Mubadala unit helps fund UK drug trial for diabetics

Abu Dhabi / WAM In line with its drive to strengthen the UAE’s leading role in fight against Covid-19 pandemic on an international scale, Mubadala Healthcare is part-funding the trial of an immune-dampening drug in the UK that will help patients with diabetes overcome effects of the virus. If successful, the compound could ultimately be prescribed by a primary care ...

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Ryse Energy moves to Masdar City to expand into new markets

Abu Dhabi / WAM Ryse Energy, a global leader in renewable off-grid energy systems, with over 4,000 installations across all seven continents, moved to Masdar City, Abu Dhabi, to expand into new markets. Discussing Ryse Energy’s UAE growth plans, Alistair Munro, founder and CEO, said, “Ryse Energy is a global leader in renewable off-grid energy systems, and as a primary ...

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