Dubai / WAM EZDubai, the fully dedicated e-commerce free zone strategically located in the heart of Dubai South’s Logistics District, has announced that four new facilities of 270,000 square feet are currently under construction. Preparing for demand in the future, the four facilities are under development to complement the 1,300,000 square feet already developed and handed over. The announcement comes ...

Abu Dhabi / WAM Abu Dhabi has significantly expanded its eco-tourism offerings with the announcement that new marine protected sites across the emirate have now been made accessible to the public. The newly unveiled areas will give residents and visitors a host of new options for exploring the emirate’s coastline and waterways, with the initiative also supporting the emirate’s maritime ...

The results of the German election are in, and in one respect they’re clear. We won’t know for weeks or months who the next German leader is, as the parties haggle over a coalition. During that time, outgoing chancellor Angela Merkel will keep minding day-to-day business as a caretaker. But her time in power is over. That also means the ...

For years Facebook Inc stock has been a must own. The company enjoyed constant growth, regular user engagement and ad revenues that grew even with scandals tied to user data and fake news. But investors should be starting to worry a little. Regulators have been given the tantalising prospect of accessing internal documents that could bolster planned investigations into the ...

Even the savviest of investors were caught off-guard by the speed of China Evergrande Group’s unraveling. They shouldn’t have been: Trouble has long been brewing at China Inc, where balance sheets are weakening in the face of a rocky economic recovery. This could be Beijing’s worst blind spot yet. At over 1,100 listed companies in China’s industrial and manufacturing sectors, ...

As the board of Credit Suisse Group AG meets this week to discuss a strategic review, the names of external forces can be attached to the bank’s troubles: Greensill and Archegos, two broken finance businesses that hurt its bottom line and its clients. But the ongoing crisis at the Zurich-based institution springs from within: Credit Suisse was desperate to hit ...

Bloomberg The ride-hailing unit of Zhejiang Geely Holding Group Co, which raised almost $600 million earlier this month, is already in talks with investors for another funding round as it seeks to make ground on dominant market leader Didi Chuxing Inc. The next round of fundraising may be completed in the first half of 2022, Cao Cao Mobility Chief Executive ...

Bloomberg Indian Prime Minister Narendra Modi launched a program that will create a unique digital health identity for over 1.3 billion people and allow them to access their records online, part of an effort to enhance efficiency in a healthcare system constrained by the pandemic. The Ayushman Bharat Digital Mission, unveiled on Monday, aims to create digital health infrastructure to ...

Bloomberg Venture backers made a record number of investments in Southeast Asian startups in the first half of this year, though the value of those deals declined as investors focus on early stage deals in the region’s burgeoning internet scene. There were 393 investments across the region in the first half, topping the previous record of 375 in the first ...

Bloomberg Ninja Van, a Singaporean logistics startup, raised $578 million from investors including Chinese e-commerce giant Alibaba Group Holding Ltd in a series E round. Existing investors B Capital Group, the venture capital firm set up by Facebook Inc co-founder Eduardo Saverin and Raj Ganguly, a former executive at Bain Capital, and European parcel delivery company Geopost/DPDgroup, also participated in ...