April, 2019

• 10 April

  UAE provides Yemen’s Al Hajar residents 40 tonnes of food relief

  

  SHABWA / WAM The UAE, represented by the Emirates Red Crescent (ERC), provided 40 tonnes of basic food aid to underprivileged people in Al Hajar District, Shabwa Governorate, as part of the second phase of its food aid campaign, under the framework of the UAE’s humanitarian and relief efforts in Yemen. The ERC team distributed 500 food parcels to 2,950 ...

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• 10 April

  Dewa builds first virtual power plant in region

  

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa), is partnering with Canadian company Enbala to build the region’s first Virtual Power Plant (VPP). A VPP is a smart network of distributed, small and medium scale generation units such as solar photovoltaic, battery storage and flexible loads. The aim is to increase the visibility of distributed energy resources (DER), and maximise their value ...

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• 10 April

  Dubai to boost bilateral ties with LAC markets

  

  PANAMA CITY / WAM At the third Global Business Forum (GBF), on Latin America, which began in Panama City, Government officials and business leaders from the UAE and the Latin America and the Caribbean (LAC), region, vowed to improve bilateral ties and expand economic cooperation. Organised by the Dubai Chamber of Commerce and Industry in partnership with Inter-American Development Bank (IDB), and ...

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• 10 April

  Abu Dhabi all set to host OIC festival from April 24

  

  Abu Dhabi / WAM The UAE capital will host the second edition of the Festival of the Organisation of Islamic Cooperation (OIC), at the Abu Dhabi National Exhibition Centre (Adnec) from April 24-27. The festival, which is held under the theme, ‘One Nation Unified by Benevolent Cooperation, Justice and Tolerance’, aims to emphasise the message and teachings of Islam in bringing ...

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• 10 April

  Mexican president urges fuel stations to charge less

  

  Bloomberg First Mexico’s president told oil drillers to produce more. Now he wants fuel stations to charge less. Mexican President Andres Manuel Lopez Obrador is calling on fuels, liquid petroleum gas, and natural gas distributors to review their profit margins and pass on more tax savings to consumers in his latest crackdown on the private energy market. Mexico offers subsidies ...

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• 10 April

  US, China to further talks on cloud access in trade deal

  

  Bloomberg US and Chinese negotiators are discussing adding a concession on cloud computing to their trade agreement that would give foreign companies greater access to the $12 billion Chinese market, people familiar with the talks said. Chinese officials called a meeting this week with representatives of companies including Microsoft Corp, Apple Inc and Amazon.com Inc to talk about the proposal ...

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• 10 April

  India court examines jet deal in blow to PM

  

  Bloomberg India’s top court will review fresh evidence in the multi-billion dollar purchase of French warplanes, a potential setback to Prime Minister Narendra Modi a day before the start of national elections. A three-judge bench headed by Chief Justice of India Ranjan Gogoi said the Supreme Court will further hear petitions alleging corruption in a deal to buy 36 Rafale ...

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• 10 April

  ShopBack wins $45m in Rakuten-backed round

  Bloomberg An Asian rewards app that works with Alibaba Group Holding Ltd and major online brands has snagged $45 million from Japan’s Rakuten Capital and other investors. Rakuten Capital and EV Growth are leading the investment round for ShopBack, which offers cashback and other rewards for a plethora of names from Airbnb and Foodpanda to Booking.com and Alibaba’s Taobao. The ...

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• 10 April

  Vietnamese cashew entrant takes on Olam in Africa deals

  

  Bloomberg A Vietnamese conglomerate is entering the cashew market with possible deals in West Africa for more than a 10th of global output, a bold start to take on the $7 billion industry’s dominant buyers such as Olam International Ltd. In a fractured sector with dozens of producers, the purchase of such a large amount of cashews by a single ...

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• 10 April

  Japan convenience stores face labour crisis

  

  Bloomberg Apart from culture, food and a super-efficient rail system, one of the things that most impresses travellers to Japan are its convenience stores, bursting with sushi and ready-made food available at all hours. Well, maybe not for long. The 24-hour “conbini” experience is starting to show cracks as a labour shortage in the world’s third-biggest economy forces operators to ...

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