Bloomberg Equity investors in Asia are actively screening hospitalisation rates and watching predictions on virus peaks, as several countries in the region struggle with a fresh jump in cases. The pandemic’s resurgence has already worsened Asian stocks’ underperformance against their global peers this year. With efforts by countries to reopen their economies taking a hit, the severity of restrictions, the ...

Bloomberg Stocks fall with US futures on Wednesday as concerns about faster inflation and Covid-19 flare-ups in some nations rattled investors. Oil dropped for a second day. The Stoxx Europe 600 Index fell the most in a week, with commodity and leisure shares leading the drop. Contracts on all three US benchmarks were lower, led by those on the Nasdaq ...

ABU DHABI / Emirates Business Abu Dhabi Ship Building (ADSB), the regional leader in the new build, repair, maintenance, refit and conversion of naval and commercial vessels, was awarded on Tuesday an AED3.5 billion contract by the Ministry of Defense (MOD) and UAE Navy, to build Falaj 3-class Offshore Patrol Vessels (OPVs). The new contract is the largest-ever order received ...

ABU DHABI / WAM Sheikh Zayed Book Award (SZBA) has revealed its cultural programme for the 30th edition of the Abu Dhabi International Book Fair (ADIBF), which will be held between May 23-29. In advance of its participation at ADIBF, SZBA has revealed its cultural programme during the week of the fair, which will comprise panel discussions involving winners of ...

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and the Russia-UAE Business Council discussed the means of boosting trade and economic cooperation between businesses in Abu Dhabi with their counterparts in Russia. This came during a meeting on Tuesday between ADCCI Director-General Mohamed Helal Al Mheiri and Sergey Gorkov, Chairman of Russia-UAE Business Council, and ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday, an investment of up to $318 million (AED1.16 billion) to connect newly drilled smart wells to the main production facilities at Bu Hasa, which will sustain production capacity of 650,000 barrels per day (bpd) at Adnoc’s largest onshore asset. The engineering, procurement and construction (EPC) contract ...

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) held a virtual meeting with the Consulate-General of the Republic of South Korea in Dubai to explore ways to discuss economic cooperation in various vital sectors in the two countries and explore the potential investment opportunities and the mechanisms of increasing trade volume between them. The meeting was attended ...

ABU DHABI / WAM Abu Dhabi International Airport (AUH) has successfully received the Airport Health Accreditation from Airports Council International (ACI), as a testament of its implementation of extensive health and safety measures in response to the global pandemic. The accreditation reflects the quality of the airport’s measures, which align with the recommendations of the International Civil Aviation Organisation Council’s ...

Dubai / Emirates Business Etisalat on Tuesday announced its value propositions that address the varying requirements of Abu Dhabi’s small and medium businesses (SMBs) in a bid to boost their digital transformation journey. This follows Khalifa Fund for Medium Enterprise Development’s recent announcement of Etisalat and Microsoft being the latest industry leading organisations to come on board the e-Empower programme ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 202,184 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...