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Sharjah / WAM German investors received a crash course in the investment opportunities abounding in Sharjah’s emerging industries at a high-profile business webinar organised by the Sharjah FDI Office (Invest in Sharjah), which operates under the Sharjah Investment and Development Authority (Shurooq). Highlighting Sharjah’s advantages in providing an impressive growth and expansion platform for German companies in a wide range ...

Abu Dhabi / WAM The Abu Dhabi Emergency, Crisis and Disasters Committee has approved capping operating capacity of commercial, economic and tourism activities, effective 7th February, to bolster precautionary measures implemented to curb the spread of Covid-19. The committee approved capping operating capacity of shopping malls to 40%, gyms, private beaches and swimming pools to 50%, restaurants, coffee shops, hotels, ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) registered a new patent for its Hydronet project, adding to its track record of achievements. The Hydronet project uses artificial intelligence (AI) and deep learning to monitor and control the water network in Dubai remotely. The project can be integrated with any SCADA system and provide real-time insights on the current ...

Dubai / WAM The Dubai Police General HQ and main buildings, including the Dubai Police Academy in Umm Suqeim, across Dubai have recently turned red in celebration of the UAE’s Hope probe which is set to arrive to Mars on February 9. According to Brigadier Khalid Ali Shuhail, Acting Assistant to Commander-in-chief for Community Happiness and Logistic Support, the move ...

Sharjah / WAM Al Jawaher Reception and Convention Centre (JRCC), Sharjah’s largest high-end venue for all types of social and corporate events and catering services, announced that it is open for business again after weathering the unprecedented challenges presented by 2020, utilising the down-time for maintenance and refurbishment work that has served to enhance its world-class amenities. “JRCC plays an ...

Bloomberg Northam Platinum Ltd is considering making an offer for the mothballed Bokoni mine as it seeks to expand output and capitalise on a rally in platinum-group metal prices, according to three people familiar with the plan. South Africa’s fourth-biggest platinum producer has evaluated a bid for Bokoni but no final decision has been taken and the company is yet ...

Bloomberg Alibaba Group Holding Ltd drew robust orders for a $5 billion bond sale, demonstrating investor confidence in the e-commerce giant’s long-term prospects amid easing tensions with Chinese regulators. The four-tranche offer received more than $38 billion in orders at the peak, according to people with knowledge of the matter. The notes comprising 10-year, 20-year, 30-year and 40-year maturities were ...

Bloomberg Kuaishou Technology’s eye-popping debut in Hong Kong following a mega $5.4 billion initial public offering has sent a strong signal to other listing candidates waiting in the wings — that this is a great time to go public. The operator of China’s most popular short-video service after ByteDance Ltd’s Douyin saw its shares almost triple on their debut, boosting ...

Bloomberg Thailand’s government is ready to take more fiscal steps if economic growth falls below its base-case forecast, driven by the latest Covid-19 outbreak or delays in vaccinating the public, a Finance Ministry official said. “The government is ready to do more if needed, and we still have fiscal space left,” Kulaya Tantitemit, acting director general of the Fiscal Policy ...

Bloomberg SF Holding Co, one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said. The Chinese courier is in talks to acquire roughly a 20% stake in Kerry Logistics Network Ltd, according to the people, who asked not to be identified because the information ...