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MORONI / WAM The Emirates Red Crescent (ERC), is continuing its humanitarian and development initiatives in the Comoro Islands having signed contracts to establish new health and educational projects in the capital, Moroni, worth AED12 million. The contracts were signed with companies implementing the projects by Obaid Rahmat Al Baloushi, who headed the ERC delegation visiting the Comoro Islands to ...

Abu Dhabi / WAM Etihad Airways and Boeing on Monday announced a first-of-its-kind ‘eco partnership’, in which a specially-themed Boeing 787 Dreamliner will be used to test products, procedures and initiatives designed to reduce aircraft carbon emissions. The ‘Etihad Greenliner’, to be introduced early next year, will be used by both companies to explore and assess environmental sustainability initiatives while ...

Bloomberg After months of political protests and the onset of a recession, Hong Kong’s resilient labour market is starting to crack. Retailers, restaurants and hotels are cutting wages and hours or letting staff go just to survive. The city’s once record-low unemployment level is likely to accelerate its current rise if no solution to the five months of turmoil can ...

Bloomberg Thai companies are likely to raise the most money from initial public offerings in four years in 2019 as the formation of the nation’s first democratic government since the 2014 military coup has encouraged domestic firms to tap equity markets. Companies have raised 80 billion baht ($2.6 billion) this year on the Stock Exchange of Thailand and the Market ...

Bloomberg Ford Motor Co is reinventing one of its marquee models — the Mustang muscle car — as a battery-powered crossover to become a player in the electric-vehicle market that is expected to take off in the coming decade. In a splashy ceremony ahead of the Los Angeles Auto Show, the carmaker unveiled the Mustang Mach-E, a swoopy hatchback with ...

Bloomberg HP Inc’s board unanimously rejected Xerox Holdings Corp’s unsolicited takeover proposal, saying the $22-a-share offer is too low and citing concerns about the smaller rival’s prospects in the printing industry. HP is “open to exploring” a merger but there are “fundamental questions that need to be addressed,” Chief Executive Officer Enrique Lores and Chairman Chip Bergh wrote in a ...

Bloomberg London’s office landlords keep being surprised that things aren’t a lot worse. Demand for office space in the UK capital is holding up even as political uncertainty persists in a nation gripped by its decision to leave the European Union. Businesses have continued to lease space despite the prospect of a general election that’s pitted the Brexit-backing Conservative party ...

Bloomberg A Hong Kong court has found that the local government’s controversial mask ban unconstitutional, delivering a fresh legal blow to an administration struggling to contain increasingly violent protests. The High Court ruling came on Monday in response to a challenge filed by the city’s opposition lawmakers. Chief Executive Carrie Lam imposed the ban last month by invoking colonial-era emergency ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday opened the ‘Dubai Airshow 2019’ at Dubai World Central. The two leaders watched ...

Abu Dhabi / Emirates Business Abu Dhabi is to introduce the GCC’s first Social Impact Bond, an innovative and internationally recognised financial tool that raises private investment to support high-impact social programs, under the Authority for Social Contribution – Ma’an. Launching next year, Social Impact Bonds operate on a pay-for-success basis, whereby payment relies on a successful social outcome – ...