Bloomberg Techtronic Industries Co. slumped by the most since November 2008 after short-seller Jehoshaphat Research questioned the accounting methods of the Hong Kong power-tool maker. Shares of Techtronic fell as much as 19% before trading was halted in Hong Kong. The company has been “inflating its profits dramatically for over a decade with manipulative accounting,” Jehoshaphat alleged in a ...

Abu Dhabi / WAM The UAE’s Joint Operations Command has announced that the “Chivalrous Knight / 2” operation has entered the recovery and rehabilitation stage to support those affected by the earthquake in Syria and Türkiye. The Joint Operations Command — through maritime aid corridor — will mobilise humanitarian, food, and medical assistance while continuing the operations through the existing ...

  Abu Dhabi / WAM Preliminary data from the Federal Center for Competitiveness and Statistics indicates that non-oil trade exchange between the UAE and Saudi Arabia in 2022 experienced a growth rate of 9%, reaching AED136.09 billion, compared to AED124.6 billion at the end of 2021. Over the period of 2013-2022, non-oil trade between the two countries increased by 70%, ...