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Dubai / WAM Etihad Airways, the UAE national airline, signed a Memorandum of Understanding (MoU) with Hub71, Abu Dhabi’s global tech ecosystem, to support the expansion of entrepreneurs innovating in Abu Dhabi. The agreement makes Etihad the official airline partner of Hub71 which will offer more than 100 global startups within its tech community special rates and access to a ...

AJMAN / WAM The Emergency, Crisis, and Disaster management team in the Emirate of Ajman announced that it has mandated specific establishments to conduct a regular weekly PCR examination for all their employees, except those who have received two doses of the Covid-19 vaccine, with a commitment to download the Al-Hosn application, starting March 2. The move comes within the ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 225,159 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 2,721 new coronavirus cases, bringing the total number of recorded cases in the UAE to 396,771. The ministry also noted that an ...

Bloomberg China’s utility giant is planning to upgrade its massive electricity grid over the next few years to allow it to move away from coal generation and reach peak carbon emissions as soon as possible. State Grid Corp of China will build new ultra-high voltage transmission lines, speed up construction of pumped hydro storage plants, and accelerate the development of ...

Bloomberg For US politicians, China’s potential to dominate sensitive cutting-edge technologies poses one of the biggest geopolitical threats of the next few decades. President Xi Jinping is similarly worried the US will block China’s rise, and this week will unveil plans for greater self-sufficiency. At an annual session of China’s legislature, top Communist Party leaders will approve a five-year policy ...

Bloomberg Bharti Airtel Ltd, India’s second-largest wireless carrier by subscribers, will spend $2.6 billion acquiring new airwaves in an ongoing spectrum auction in India. The carrier, led by billionaire Sunil Mittal, acquired airwaves worth 186.99 billion rupees ($2.55 billion), according to a statement from the company on Tuesday. It added 355.45 megahertz to its spectrum portfolio and can now reach ...

Bloomberg Hong Kong is exploring allowing listing of special purpose acquisition companies (SPAC), jumping into a market that has sparked a frenzy of US dealmaking. The government has asked the Hong Kong exchange and the city’s financial regulator to look into having SPACs list, according to Financial Secretary Paul Chan. The aim is to allow the new fundraising arrangements, while ...

Bloomberg India is set to miss its goal for sugar exports this year because of a late start to shipments and logistical challenges, potentially providing further fuel to the sweetener’s blistering rally. The world’s second-biggest producer, grappling with massive stockpiles, will ship almost 20% less than the government’s target and a forecast from a top industry group, according to the ...

Bloomberg The Biden administration is set to announce sanctions against Russia over the poisoning and jailing of opposition leader Alexey Navalny, according to people familiar with the matter. The penalties — like those just approved by European Union ambassadors — will match sanctions the EU and the UK imposed earlier on other Russians allied to President Vladimir Putin as punishment ...

Dubai / WAM Dubai Chamber of Commerce and Industry revealed that members’ exports to Central Africa and Western Africa recorded a surge of 85% and 57%, respectively, in January 2021, compared to the same month in the previous year. The total value of member companies’ exports targeting the African continent reached AED2.9 billion during the same month, marking a 4.2 ...