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Bloomberg Vice President Kamala Harris warned Central Americans not to migrate to the US and said the Biden administration would intensify efforts to combat corruption in the region, after meeting with Guatemalan President Alejandro Giammattei. “Do not come. Do not come,” Harris said at a news conference in Guatemala City. “If you come to our border, you will be turned ...

Abu Dhabi / WAM S&P Global Ratings has assigned ‘AA-‘ long-term issuer credit rating with stable outlook to Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda. The bank has also been assigned a ‘gcAAA’ long-term GCC regional scale rating by S&P Global Ratings, said a statement issued by EDB on Monday. ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) welcomed Lars Pera, Ambassador of Guatemala to the UAE, and Jose Bassila, Commercial Counsellor at the Embassy of Guatemala, to discuss means to boost bilateral ties and stimulate investments in food security, waste management and natural tourism fields, among others. The two sides agreed to organise a coordination meeting ...

Abu Dhabi / WAM First Abu Dhabi Bank (FAB) announced the signing of an agreement with the Mohammed bin Rashid Housing Establishment (MBRHE) to provide flexible financing options for UAE nationals seeking suitable family housing. The agreement comes as part of the ‘Al Yusr’ programme, one of the housing establishment’s initiatives aimed at providing the best financing options for nationals ...

SHARJAH / WAM Air Arabia has announced the introduction of a new service to Phuket, Thailand, with direct flights from Sharjah International Airport starting on July 2. Air Arabia is the first low-cost carrier in the region to launch a direct route to Phuket. The Tourism Authority of Thailand has confirmed that travellers who have been vaccinated against Covid-19 from ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced it will organise the 23rd Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show from October 5-7, at Expo 2020 Dubai. Dewa is the Official Sustainable Energy Partner of Expo 2020 Dubai. The announcement was made by Saeed Mohammed Al Tayer, MD and CEO of Dewa, Founder and ...

Bloomberg China’s exports continued to surge in May, although at a slower pace than the previous month, fuelled by strong global demand as more economies around the world opened up. Imports soared, boosted by rising commodity prices. Exports grew almost 28% in dollar terms in May from a year earlier, the customs administration said on Monday, weaker than forecast and ...

Bloomberg Construction firm Katerra Inc filed for bankruptcy protection in the US, bookending the implosion of a startup that raised about $2 billion from investors including SoftBank Group Corp. The company filed Chapter 11 proceedings in the Southern District of Texas court. It estimated liabilities of $1 billion to $10 billion and assets of $500 million to $1 billion. The ...

Bloomberg Flipkart, the Indian e-commerce giant controlled by Walmart Inc, is in talks to raise at least $3 billion from investors including SoftBank Group Corp and several sovereign wealth funds, according to people familiar with the matter. The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte, Canada Pension Plan Investment Board, ...

Bloomberg For the second time in six months, Chinese provinces are rationing electricity as the nation’s grids struggle to manage a surge in demand. This time, it’s partly because residents are blasting their air conditions to keep cool during an unusually warm summer. Cities in Guangdong, a manufacturing hub in the south that’s home to 130 million people, have been ...