Dubai / WAM DP World announced its robust financial results for the year ended December 31, 2019, stating that its revenue grew 36.1 percent and adjusted Ebitda increased 17.7 percent, with an adjusted Ebitda margin of 43 percent. The delivered profit attributable to the owners of the company, before separately disclosed items, was $1,328 million, up 4.6 percent and EPS ...

Abu Dhabi / WAM The Abu Dhabi Government launched on Wednesday the ‘Digital Month’ initiative in a bid to further drive the UAE leadership’s vision to utilise information technology to better serve the community and advance government services. The newly launched initiative comes within the efforts exerted by various government entities in Abu Dhabi to enhance customer experience through innovative ...

ABU DHABI / WAM Etihad Airways launched a collaborative project with the UAE Ministry of Climate Change and Environment (MoCCAE), in a bid to combat illegal wildlife trafficking. Etihad Airways hosted the Combating Wildlife Trafficking workshop at its headquarters in Abu Dhabi, attended by 37 representatives of national entities and other key stakeholders involved in the fight against wildlife trafficking. ...

DUBAI / WAM US Ambassador to the UAE John Rakolta Jr. and Counselor of the Department of State T. Ulrich Brechbuhl have officially inaugurated the construction of the US pavilion at Expo 2020 Dubai, according to a press release issued by the US Embassy website. At the first concrete pour, Ambassador Rakolta said, “The US pavilion will showcase how freedom ...

Bloomberg Tokyo Disney Resort will extend its shutdown until at least early April, responding to a call by Prime Minister Shinzo Abe to extend cancellations of large events for another ten days as Japan battles the spread of the coronavirus. Operator Oriental Land Co had initially planned to keep the Tokyo Disneyland and Tokyo DisneySea parks shut until March 15, ...

Bloomberg Prime Minister Shinzo Abe still faces calls to put together another large-scale stimulus to shake off the impact of the coronavirus, despite a second round of emergency measures unveiled on March 10. Most economists see the world’s third-largest economy falling into recession despite the two rounds of measures aimed at helping struggling businesses and workers. With the virus keeping ...

Bloomberg India’s cash-strapped tycoons may need to ready more yard sales of their crown jewels as stock volatility and ongoing credit market uncertainty pressure their ability to pay loans. At issue is the loans that Indian business leaders often take against the backing of their main assets — stakes in their listed firms. The value of such pledged shares has ...

Bloomberg Singapore is bracing for a harder hit to tourism than initially expected from the coronavirus as the outbreak spreads to more than 100 countries, impacting global travel plans, Minister for Communications and Information S Iswaran said. “Now it’s really the fact that there’s a global spread of this virus and therefore we will have to reevaluate certainly the numbers,” ...

Bloomberg Indonesia is reintroducing a raft of market measures deployed during the global financial crisis as authorities warn the impact of the novel coronavirus outbreak on the markets and the economy will be more damaging. The nation’s only stock exchange tightened trading-halt rules on March 10, with the first suspension kicking in with a 5% slump instead of 10% earlier. ...

Bloomberg Asia’s biggest hospital group is offering on-demand tests for new coronavirus in Malaysia, while helping Singapore’s authorities diagnose cases, even as other countries struggle with a shortage of kits. IHH Healthcare Bhd’s Gleneagles and Pantai hospitals around Kuala Lumpur and Melaka are endorsed to perform the tests by Malaysia’s health authority, which has sought to “Uber-ise” the service by ...