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ABU DHABI / WAM Al Etihad Credit Bureau (AECB’s) Credit Reports and Scores will be used by the two largest telecom operators in the UAE, Emirates Telecommunications Group Company – Etisalat and Emirates Integrated Telecommunications Company – du. The operators will put more reliance on AECB’s reports and scores while onboarding postpaid customers and devices’ purchasers in order to assess ...

AJMAN / WAM The value of real estate transactions in the Emirate of Ajman amounted to AED793 million in February, according to the monthly report issued by the Department of Lands and Real Estate Regulation. The report noted the stable performance of the emirate’s property market. The month witnessed the registration of 454 real estate transactions during February with the ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 218,351 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Wednesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

DUBAI / WAM Expo 2020 Dubai will celebrate World Wildlife Day 2022 to spearhead a series of programmes dedicated to wildlife conservation and biodiversity, in partnership with the UAE Ministry of Climate Change and Environment and the United Nations Environmental Programme (UNEP). UN World Wildlife Day, celebrated annually on March 3, will be marked during Expo 2020’s Climate and Biodiversity ...

Bloomberg Indonesia is planning an initial public offering that could raise at least $500 million as part of its bid to create the world’s biggest geothermal company, according to people with knowledge of the matter. The Southeast Asian nation, which last week announced its plan to combine three separate state-owned geothermal companies, is working with advisers to complete the tie-up ...

A blockbuster year for securities trading in 2020 helped some of Europe’s investment banks gain market share as they compete against bigger Wall Street rivals. But the titans of US finance — led by JPMorgan Chase & Co, Goldman Sachs Group Inc and Morgan Stanley — also expanded, meaning the bigger picture of New York dominance is still the same. ...

Google and Facebook make a lot of noise about how their main services are free to use. And it’s true, they are. But what they don’t highlight is their role in making almost everything else we consume online more expensive. Consider all the paywalls and paid services that are rolling out across the internet. News, films, music and even theatrical ...

New York is the place where more startups — from EV battery makers to flying cars — have gone public by way of the boom in SPACs, or special purpose acquisition companies. Once listed, SPACs are on the lookout to place their vast sums in promising enterprises (which then don’t have to go through the complex initial public offering process). ...

For a century, there’s been a key metric for judging the direction of the oil industry: The number of years it would take for wells to run dry. The reserves-to-production ratio or R/P — calculated as oil reserves, divided by annual production — has remained at eerily consistent levels since John D Rockefeller’s day. At major oil companies and in ...

Bloomberg Thailand’s finance ministry, the largest shareholder of Thai Airways International Pcl, signalled its support for a restructuring plan that includes raising fresh capital, a temporary freeze on repayment of borrowings and slashing its workforce by half to return the debt-ridden airline to profit. The key elements of the debt rehabilitation plan are “quite acceptable,” Pantip Sripimol, director general of ...