Masonry Layout

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) has signed a Memorandum of Understanding with the Government of Mauritania to finance a major refurbishment and modernisation project valued at around AED24 million ($6.5 million) for the Tanit Fishing Port. This is an artisanal fishing port that through this renovation and development of an ice factory will better enable ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed the construction of its pavilion in the Sustainability District of Expo 2020 Dubai, which aligns with development and innovation, as reflected in the exterior of its design, and features decorative ribbed façade that mimic onward moving portals consistent with the company’s progressive initiatives. Saeed Mohammed Al Tayer, MD & ...

Dubai / WAM Dubai is attracting innovative and pioneering initiatives from chambers of commerce from around the world as it prepares to host the World Chambers Competition 2021, taking place during the 12th World Chambers Congress (12WCC) on November 23-25. The competition recognises and celebrates the achievements of these chambers, while bringing their stories to a wider audience. ICC and ...

Bloomberg US President Joe Biden suggested the possibility of an in-person meeting with Xi Jinping during a phone call last week, but the Chinese president declined to commit to one as he continues to avoid leaving his country even for major gatherings amid the Covid-19 pandemic. Biden suggested the two leaders meet at some point in the next few months, ...

Dubai / WAM Mashreq Bank has signed a Memorandum of Understanding (MoU) with Dubai Airport Freezone Authority (Dafza) to support and grow the ecosystem of services available to small and mid-size enterprises (SMEs) setting up in the zone. The MoU will ensure Dafza businesses have access to a wide variety of initiatives including API integration, as well as banking services ...

Dubai / WAM Around 92,000 underprivileged families and individuals in Mauritania received 4.5 million meals as part of the ongoing ‘100 Million Meals’ food distribution campaign, the largest food distribution drive in the region, aims to provide food support across 30 countries in Africa, Asia, Europe, and South America. Beneficiaries, identified by database of local authorities, received parcels of easy-to-store ...

Sharjah / WAM Sharjah Publishing City Free Zone’s (SPC Free Zone) mission of creating a nurturing and supportive environment for businesses has seen it attract more than 1,000 companies since the first half of the year 2021. These include the publishing, printing and translation sectors, commercial, administrative and legal consultants and companies operating in creative sectors. This has been accomplished ...

Bloomberg China’s government is assembling a group of accounting and legal experts to examine the finances of China Evergrande Group, a potential precursor to a restructuring of the world’s most indebted developer. Regulators in Evergrande’s home province of Guangdong dispatched a team last month from King & Wood Mallesons, a law firm whose specialties include restructuring, two people familiar with ...

Bloomberg Singapore is planning new measures to boost its domestic stock market, according to people with knowledge of the matter. State investment giant Temasek Holdings Pte’s 65 Equity Partners Holdings Pte, with a fund size of at least S$1 billion ($745 million), will invest in Singapore and regional mid-cap firms, including initial public offerings, the people said. Temasek and sovereign ...

Bloomberg South Korea fined Alphabet Inc’s Google $177 million for hampering the development of rivals to its Android operating system, sustaining a campaign targeting the US search giant’s dominance in smartphone software. Regulators accuse Google, whose mobile operating system powers more than 80% of smartphones around the world, of using its immense bargaining power to squeeze out the competition. The ...