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India court convicts Rahul Gandhi to jail for mocking Modi

BLOOMBERG Rahul Gandhi, the senior leader of India’s main opposition Congress party, has been convicted by a local court of defamation and sentenced to two years in jail after allegedly making offensive remarks in 2019 about Prime Minister Narendra Modi’s surname. A court in the western city of Surat found Gandhi guilty, but granted him bail and suspended the sentence ...

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UK’s Sunak survives day of drama as Johnson grilled by MPs

BLOOMBERG UK Prime Minister Rishi Sunak emerged unscathed from a day of Parliamentary drama after convincingly winning a key Brexit vote, while former Premier Boris Johnson cut a defensive figure as he denied lying to lawmakers during the so-called Partygate scandal. Sunak won the vote on a crucial element of the new deal he struck last month with the European ...

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China’s envoy says threat of war not ‘realistic’

BLOOMBERG China’s ambassador to Australia has dismissed concerns over a war between the two countries as unrealistic, as defense officials from both governments met for talks in Canberra in the latest sign of a diplomatic thaw. Ambassador Xiao Qian wrote an opinion piece published in the Sydney Morning Herald and the Age newspapers on Thursday, in which he criticised the ...

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Saudi Arabia, India to set up investment bridge jointly

NEW DELHI/ WAM India and Saudi Arabia are jointly working to create an “investment bridge” for accelerating pending bilateral investment projects and facilitating investors. Deliberations towards this objective took place at a meeting in Riyadh between Dr Ausaf Sayeed, Secretary in charge of the Gulf in the Indian Ministry of External Affairs and Saudi Arabia’s Deputy Minister for International Partnerships, ...

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Dubai’s DAHC, Axdev, Pfizer Global partner for patients’ enhanced care

DUBAI / WAM The Dubai Academic Health Corporation (DAHC), AXDEV Global, and Pfizer Global announced a public-private partnership to enhance care for patients diagnosed with chronic illnesses, supported by an independent grant from Pfizer Global Medical Grants. The goal of the collaboration is to establish an evidence-based model in performance and quality improvement to support the adoption of best practices ...

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Abu Dhabi’s Hub71 tech start-ups raise AED4.5bn in venture funding

ABU DHABI / WAM In 2022, Hub71, Abu Dhabi’s global tech ecosystem, experienced a remarkable 102% growth in its community, with more than 200 start-ups joining its ranks, including 51 early-stage companies relocating to the UAE’s capital to scale their businesses rapidly. Since its inception, these start-ups have collectively raised nearly AED4.5 billion ($1.2 billion) in venture capital and created ...

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UAE central bank digital currency plan unveiled

ABU DHABI / WAM The central bank of UAE (CBUAE) jointly held a signing ceremony with G42 Cloud and R3 to mark the implementation of the CBUAE Central Bank Digital Currency (CBDC) Strategy, one of the nine initiatives of the CBUAE’s Financial Infrastructure Transformation (FIT) Programme. The CBUAE has engaged with G42 Cloud and R3 as the infrastructure and technology ...

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ERC distributes Ramadan aid to quake-affected people in Syria

LATAKIA / WAM The Emirates Red Crescent (ERC) is continuing its distribution of humanitarian aid during the Holy Month of Ramadan as part of Operation “The Gallant Knight 2” for those affected by the earthquake occurred last month in Syria. This has been the most important humanitarian initiative by the UAE’s wise leadership for the Syrian people. ERC teams began ...

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dnata expands long-standing partnership with American

DUBAI / GULF TIME Dubai-based dnata, a leading global air and travel services provider, expanded its long-standing partnership with American Airlines to support the carrier’s growing business in India. The Texas-based airline currently operates daily flights between New York and Delhi, as well as offering domestic services through its partnership with IndiGo, with plans for further expansion. dnata Representation Services ...

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