Masonry Layout

Bloomberg Seen as a test of Malaysia’s anti-corruption credentials, the guilty verdict against former prime minister Najib Razak in the first of the 1MDB trials could strengthen the new government’s hand after months of political turmoil. The High Court on Tuesday sentenced Najib to 12 years in jail after finding him guilty of all seven charges in the case involving ...

New York / WAM The UAE has called on the UN Security Council (UNSC) to play its part in addressing climate change during an open meeting convened by Germany as this month’s president of the Security Council’s meeting on climate and security. In a written statement, the UAE emphasised that the Security Council must work hand-in-hand with development and humanitarian ...

ABU DHABI / WAM The UAE on Monday sent a third aid shipment carrying 6 metric tons of critical medical supplies to Colombia to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 6,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Salem Rashid Al Owais, UAE Ambassador ...

Dubai / WAM Emirates NBD has completed successful migration of its customer base to the Smart Pass service to support safer digital transactions. The roll out of Smart Pass is part of the bank’s long-term commitment to safe, secure banking and supports Emirates NBD’s ongoing initiatives to align with global best practices in banking security. Available on the bank’s Mobile ...

Dubai / Emirates Business The outlook for the UAE’s Courier, Express and Parcel (CEP) market is bright due to strong demand generated in the wake of the coronavirus outbreak across the globe, industry experts say. Referring to latest research data released by Mordor Intelligence, they said CEP market in the UAE is expected to post 7.5 percent compound annual growth ...

Bloomberg NRG Energy Inc is making its boldest push yet into the retail electricity business, cementing a strategy overhaul that started three years ago. The power supplier said it’s buying Centrica Plc’s Direct Energy unit in a $3.6 billion deal that will nearly double the number of homes and businesses it serves across North America. It’s NRG’s biggest acquisition in ...

Bloomberg Chinese authorities have taken over the US consulate in Chengdu following its closure, the latest historic milestone marking the deterioration in relations between Washington and Beijing. The US lowered its flag over the American consulate in the southwest Chinese city on Monday, less than three days after the US government forced their Chinese counterparts out of their mission in ...

Bloomberg Spain’s tourism industry is at increasing risk of being shut down as countries across Europe seek to restrict visits to the Mediterranean nation, following an order by the British government to quarantine visitors. A steady increase in new infections in Spain last week pushed Boris Johnson’s government to order a 14-day quarantine for all visitors from Spain. Other European ...

Bloomberg Wirecard AG rose the most since June after it revealed that more than 130 investors are eyeing the company’s assets. Some 60 potential buyers have signed confidentiality agreements relating to the bidding for Wirecard’s North America unit, and 77 have done so for its core business of acquiring and issuing, the company’s insolvency administrator, Michael Jaffe, said in a ...

Bloomberg German businesses are growing increasingly optimistic that government support at home and an unprecedented euro-area fiscal plan will bolster demand and drive an economic recovery later this year. Expectations at companies surveyed by the country’s Ifo institute improved to 97 in July from a revised 91.6 in June, the strongest reading since late 2018. The main business climate index ...