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Bloomberg President Joe Biden said he would appoint a special envoy to address issues regarding North Korea and vowed to coordinate policy towards Pyongyang closely with South Korea’s government. Following meetings with South Korean President Moon Jae-in in Washington, Biden said he’s appointing Ambassador Sung Kim to be the special envoy and that the US and South Korea are willing ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), an independent entity of the government of Abu Dhabi mandated to develop and support the Small and medium-sized enterprises (SMEs) sector, launched the Abu Dhabi SME Hub, a new knowledge platform dedicated to supporting SMEs and startups in the UAE. Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi ...

NEW YORK / WAM The United Arab Emirates and the United Nations Department of Political and Peacebuilding Affairs (DPPA) on Wednesday announced the signing of an agreement to support the implementation of the Women, Peace and Security (WPS) agenda, as well as to enhance the voices of women, youth, and persons with disabilities in UN-assisted peace processes. The two-year contribution ...

Dubai / WAM Dubai Chamber of Commerce and Industry, in cooperation with PricewaterhouseCoopers (PwC) Legal Middle East and The Oath Magazine organised a webinar that examined key legal aspects associated with operating commercial agencies in the UAE. The virtual event was attended by more than 230 participants, including business owners, managers and legal professionals. Participants learnt about various types of ...

Abu Dhabi / WAM Etihad Airways, the national airline of the United Arab Emirates, and the Kingdom of Saudi Arabia’s national flag carrier (Saudia), announced a new reciprocal loyalty agreement, expanding on the existing codeshare deal between the two airlines. Members of the Etihad Guest and Alfursan programmes can now earn and redeem miles on flights across both carriers’ networks. ...

Dubai / WAM Enoc group on Wednesday announced plans to open 25 new service stations across the UAE by the end of this year, 12 service stations in Sharjah, 11 in Dubai and two in the Northern Emirates. Enoc will also build one marine service station in Dubai. Three of the 11 stations planned in Dubai will be compact stations, ...

Bloomberg Thailand plans to borrow an additional 700 billion baht ($22.3 billion) to fund measures to counter the worst wave of Covid-19 outbreak to hit Southeast Asia’s second-largest economy, people familiar with the matter said. A meeting of the cabinet chaired by Prime Minister Prayuth Chan-Ocha approved the new borrowing plan from the finance ministry, the people said, declining to ...

Bloomberg Sea Ltd, Southeast Asia’s most valuable company, more than doubled revenue in the first quarter, though losses swelled as it spent to ward off competition in the regional e-commerce and online entertainment arenas. Sales rose to $1.76 billion in the three months ended March from $714.9 million a year earlier, the Singapore-based company said. Net loss widened to $422.7 ...

Bloomberg GDS Holdings Ltd is considering acquiring GLP Pte’s data centres business as the Chinese cloud computing company seeks to expand its digital infrastructure capacity in the world’s second-largest economy, according to people familiar with the matter. GDS, a developer and operator of high-performance data centers across China, is holding preliminary talks with Singapore investment manager GLP over a potential ...

Bloomberg Indonesian online travel company Tiket.com is exploring going public through a merger with a special purpose acquisition company (SPAC) as it seeks to expand its business, according to people with knowledge of the matter. The startup is in talks with COVA Acquisition Corp for a deal that would value the combined entity at about $2 billion, according to the ...