COLOMBO / WAM The Emirates Red Crescent (ERC), inaugurated ‘Sheikh Zayed Village’ in Manar, Sri Lanka, to house families affected by natural disasters. The new city includes 120 residential units, a mosque, a multi-purpose hall and eight commercial stores. A delegation from the ERC, led by Mohammed Yousef Al Faheem, Deputy Secretary-General for Assistive Services Affairs at the ERC, inaugurated ...

Abu Dhabi / WAM The Muslim Council of Elders, an Abu Dhabi-based independent international organisation headed by the Grand Imam of Al Azhar, Sheikh Ahmed el-Tayeb, announced that the ‘Global Conference of Human Fraternity’ will convene in Abu Dhabi under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander ...

Abu Dhabi / WAM The Telecommunications Regulatory Authority (TRA), announced that it received the European Innovation Management Standard Certification. TRA’s certification in the European Innovation Management Standard CEN/TS 16555-1:2013 came as a result of its work on developing an integrated system for innovation management at the corporate level, leading the implementation of innovative proposals and providing services in accordance with ...

Abu Dhabi / Emirates Business In line with its ongoing efforts to adopt and support sustainable practices across the Exchange, Abu Dhabi Securities Exchange (ADX), in collaboration with a global expert house, has organised two workshops on sustainability for its listed companies under the title “Accelerating Sustainability in Listed Companies. Meeting Investor Needs on Environmental, Social, and Governance (ESG) information.” ...

Dubai / Emirates Business Healthcare and trade professionals from more than 160 countries will descend on Dubai on Monday for the opening of Arab Health Exhibition & Congress, the largest gathering of healthcare companies, technology, products and services in the Middle East. Following the success the 2018 edition, where over $778 million worth of business was generated by exhibitors, it ...

Bloomberg Philippine economic growth which weakened to a three-year low in 2018 will rebound this year, boosted by spending for the May mid-term elections and helped by moderating prices, the nation’s chief economist said. “With the declining inflation, domestic demand will strengthen,” Economic Planning Secretary Ernesto Pernia said in an interview in his office. Hitting the low-end of the 7 ...

Bloomberg Thailand’s booming property market is at risk of cooling this year as rampant construction threatens an oversupply of apartments amid increasing global economic headwinds. The country has been a relative bright spot in an otherwise lackluster Southeast Asian real estate market. Thai residential property has experienced substantial growth in recent years, much of it fueled by buyers from China, ...

Bloomberg This year is looking a little brighter for Asia’s emerging-market assets amid prospects of a less aggressive Federal Reserve. But US-China trade war saga and its impact on growth will keep traders on their toes. That’s according to 14 strategists, traders and investors surveyed by Bloomberg. Malaysia’s ringgit was their favourite of eight regional currencies as the nation’s central ...

Bloomberg Indonesia is seeking new avenues to deploy a part of its $8 billion Hajj funds. But there’s a catch — potential suitors need to be Shariah compliant. The government agency managing the Hajj fund in the world’s largest Muslim-majority country has accumulated 111 trillion rupiah ($7.9 billion) as the waiting list to make the holy pilgrimage for applicants stretches ...

Bloomberg Eka Tjipta Widjaja, who became a coconut and palm-oil trader at the age of 15 before building a multi-billion dollar empire with businesses spanning paper and pulp to financial services, has died. Widjaja, 98, passed away at his home in Jakarta on Saturday, said Gandi Sulistiyanto, a managing director at Sinar Mas Group. The founder of Sinar Mas was ...