Bloomberg Saudi Industrial Investment Group and National Petrochemical Co. started talks to merge, potentially creating a firm with $11 billion in assets as Middle Eastern energy companies assess their options in a lower oil-price environment. The talks are at an initial stage, and no agreement has been reached, the companies said on Sunday. Saudi Industrial owns 50 percent of National ...

Bloomberg China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address US security concerns, according to a person familiar with the matter. Oracle and Walmart have rights to buy 12.5% and 7.5% respectively of a newly established TikTok Global under an agreement that ...

Dubai / WAM Dubai Future Foundation(DFF) announced its hosting of Founder Institute global startup accelerator programme for the first time at the regional level in AREA 2071, the innovation ecosystem in Dubai. The initiative, within DFF’s framework for strengthening global partnerships, is aimed at providing opportunities for startups specialised in various technology sectors to develop their innovative projects and ideas ...

DUBAI / WAM Dubai-based airline, flydubai announced on Sunday the resumption of flights to Malé, the capital of the island nation, the Maldives. The service, which the carrier initially operated between 2013 and 2018, will be reinstated from October 27 due to popular demand as the Indian Ocean destination welcomed back tourists of all nationalities earlier this summer. flydubai flights ...

HADRAMAUT / WAM The UAE continues to provide free medical services to residents in the Hadramaut Governorate, via mobile clinics operated by the Emirates Red Crescent (ERC) throughout the year. An Emirati medical team have been performing medical check-ups on patients in rural and remote areas that lack health facilities, providing treatment to locals suffering from various ailments. The team ...

Dubai / WAM In light of World Alzheimer’s day, the Director of Dubai Health Authority’s (DHA) Seniors’ Happiness Centre stressed the importance of setting a daily routine for all elders, especially those with Alzheimer’s, during the coronavirus (Covid-19) pandemic to prevent depression amongst them. Dr Salwa Al Suwaidi, the Director of Seniors’ Happiness Centre said that among the challenges she ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada) announced that it has so far completed 50 percent of the construction works of an important infrastructure project in Al Ain. Located in Ghanima, east of Al Ain city, the AED97.5 million project is being delivered through a collaboration with Abu Dhabi Housing Authority (ADHA). The project is planned for ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHaP) announced on Sunday that it conducted 97,251 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. MoHaP also noted an additional 761 individuals had fully recovered from Covid-19, bringing the total number of recoveries to 74,273. As part of its intensified testing campaign, MoHaP announced ...

Al Ain / WAM In line with its ongoing commitment to contribute to global wildlife conservation efforts, Al Ain Zoo has announced that it exchanged knowledge and expertise with Lewa Wildlife Conservancy, located in the Republic of Kenya. The visit came as part of Al Ain Zoo’s efforts to conserve number of endangered species and to become part of international ...

Bloomberg Petroleos Mexicanos expects a drastic drop in oil exports over the next three years as the company faces the twin challenges of declining output and supplying crude to a controversial new $8 billion refinery championed by the country’s President Andres Manuel Lopez Obrador. Pemex, as the state oil company is also called, is forecasting a reduction of almost 70% ...