September, 2021

• 28 September

  UAE condemns Houthi attempts to target Saudi Arabia

  

  Dubai / WAM The United Arab Emirates has strongly condemned the Houthi terrorist militias’ attempt to attack civilians and civilian buildings in Saudi Arabia with an explosive drone, which was intercepted by the Coalition Forces. In a statement by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE reiterated that the continuation of systematic terror attacks by the ...

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• 28 September

  Dubai Customs: 12.6k tons of goods valued AED948m cleared for Expo

  

  Dubai / WAM With Expo 2020 Dubai around the corner, Dubai Customs announced they completed 1,432 customs declarations for Expo goods, with 12,600 tonnes of goods, that has a value of AED948 million, cleared especially for the grand event. Dubai Customs revealed the facilities and preferential services it dedicates to exhibitors and visitors of Expo 2020 Dubai, which kicks off ...

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• 28 September

  Emirates A380 network expansion gains momentum

  

  Dubai / Emirates Business In line with the continued easing of travel restrictions around the globe, Emirates has announced that its flagship A380 aircraft will soon be deployed to an expanded list of destinations starting in October and November. By the end of November, the number of cities that the aircraft will serve will be scaled up to 27, representing ...

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• 28 September

  E-commerce zone EZDubai to build four new facilities

  

  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 ...

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• 28 September

  Abu Dhabi to open up new marine protected sites to public

  

  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 ...

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• 28 September

  Who can lead Europe after Merkel? Is it Super Mario?

  

  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 ...

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• 28 September

  Age of uncertainty stalking Facebook

  

  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 ...

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• 28 September

  Evergrande was one of China’s blind spots

  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, ...

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• 28 September

  Decision time for Credit Suisse. It can’t dawdle

  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 ...

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• 28 September

  Didi’s China rival eyes new fundraising, potential IPO

  

  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 ...

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