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DUBAI / WAM Dubai’s Emirates Airlines has announced it will resume its A380 service to Moscow Domodedovo Airport (DME) following an increase in market demand. “The airline resumed flights to the Russian capital last week and due to strong passenger demand, its iconic Emirates A380 will operate the Dubai to Moscow route starting September 18,” Emirates said in a statement. ...

Ajman / WAM The Ajman Chamber of Commerce and Industry (ACCI) announced that it has signed a Memorandum of Cooperation with “elGrocer”, to optimally utilise the capabilities of the two parties to serve entrepreneurs, particularly in the field of e-commerce to ensure the growth and development of their business through technologies available. “elGrocer” is an electronic platform that acts as ...

Bloomberg Alibaba Group Holding Ltd is in talks to invest $3 billion in Southeast Asian ride-hailing giant Grab Holdings Inc, according to people familiar with the matter. The Chinese e-commerce giant, a sole investor in the round, will spend a portion of the funds to acquire some of the Grab stock held by Uber Technologies Inc, one of the people ...

Bloomberg Hong Kong announced HK$24 billion ($3.1 billion) in virus relief stimulus and will lift some social distancing restrictions as the city’s economy suffers from a recession prompted by protests and Covid-19. The government will spend HK$4.5 billion to help affected industries, HK$13 billion on virus prevention measures and HK$6 billion on rent concessions, Chief Executive Carrie Lam and senior ...

Bloomberg Former Nissan Motor Co director Greg Kelly pleaded not guilty to charges of helping former Chairman Carlos Ghosn hide millions in compensation, vowing to prove his innocence in a trial that’s starting almost two years after their arrests in Japan and in the absence of the main suspect. “I deny the allegations,” said Kelly, when asked by the judges ...

Bloomberg Toyota Motor Corp won’t expand further in India due to the country’s high tax regime, a blow for Prime Minister Narendra Modi, who’s trying to lure global companies to offset the deep economic malaise brought on by the coronavirus pandemic. The government keeps taxes on cars and motorbikes so high that companies find it hard to build scale, said ...

Bloomberg Foreign Secretary Dominic Raab has told his officials to work carefully to manage relations with the US and China — and avoid the UK becoming trapped in a new “Cold War” between the two countries. The minister held an internal meeting of British diplomats and officials on September 2 during which he set out his vision for “global Britain” ...

Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq) has shared the new developments being witnessed across its portfolio of latest large-scale real estate, tourism, commercial and hospitality projects, in line with the gradual reopening of businesses across the UAE. “Preventative measures to curb the spread of the coronavirus will be implemented effectively across all its sites to ensure ...

Abu Dhabi / WAM The United Arab Emirates maintained its Arab and regional leadership in a number of ICT related indicators, according to the Global Innovation Index Report 2020, which included results related to Global Competitiveness indicators for ICT sector. According to the report, the UAE ranked first on Arab and regional level in Information amd Communi- -cation Technologies (ICTs) ...

ABU DHABI / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has announced the introduction of a new service to the Egyptian capital Cairo with direct flights from Abu Dhabi starting on September 24. “The daily service offers greater connectivity and value-for-money options making it easier and more convenient for customers to travel between the two capital cities,” ...