ADIB launches B2B marketplace to empower Small and Medium Enterprises

ABU DHABI/ WAM Abu Dhabi Islamic Bank (ADIB) has announced the introduction of ADIB Business Souq, an innovative digital marketplace designed to provide comprehensive support to Small and Medium-sized Enterprises (SMEs). This all-in-one digital platform aims to significantly reduce the cost of doing business by offering a wide range of exclusive offers and discounts. ADIB Business Souq is an online ...

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UAE President participates in Vibrant Gujarat Global Summit in India

AHMEDABAD/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has participated in the 10th edition of the Vibrant Gujarat Global Summit in India, following an invitation from the Indian Prime Minister His Excellency Narendra Modi. Held in Ahmedabad, Gujarat, the three-day summit is being attended by numerous heads of state, government officials, decision-makers, and business and finance professionals ...

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CEPA fuels prosperity and sustainable growth for UAE and India

ABU DHABI/ WAM The economic, trade, and investment cooperation between the UAE and India represents a model for constructive international collaboration to stimulate bilateral investments and trade. This was culminated in the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, contributing to creating more opportunities for sustainable mutual growth in their economies. This comprehensive economic partnership reflects the strength ...

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Amazon’s online orders up 29% before Christmas

BLOOMBERG Amazon.com Inc’s share of online orders spiked in the final days of the holiday shopping season, demonstrating how big investments in delivery speed paid off with procrastinating shoppers looking for a wide selection of products they could get quickly. Amazon captured 29% of global order volume in the final two weeks before Christmas, up from 21% the week of ...

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Meituan becomes No 2 Hong Kong food service months after debut

BLOOMBERG Meituan has become Hong Kong’s second-largest food delivery platform since debuting in the city last May, a sign that splashy subsidies are boosting the company’s first major foray outside mainland China. The internet firm’s sister app “KeeTa” accounted for 37% of the local food delivery market in December, according to data from Measurable AI, a Hong Kong-based firm that ...

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China’s GDP growth rate estimated at 5.3% in 2024

BEIJING / WAM The Chinese Academy of Sciences’ Centre for Forecasting Science released a report, projecting that China’s economy will sustain steady growth in 2024, with an estimated GDP growth rate of approximately 5.3 percent. According to China Daily, the report indicated that in 2024, the year-on-year growth rates for the primary, secondary and tertiary industries’ output are expected to ...

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ADU, Universiti Sains Malaysia forge strategic partnership

ABU DHABI / WAM In line with Abu Dhabi University’s (ADU) ongoing efforts to provide students with a world-class academic experience, the University’s College of Health Sciences signed a Memorandum of Understanding with Universiti Sains Malaysia’s (USM) School of Health Sciences, a leading Malaysian research university, to further enhance research, educational programs, and training in the field of health science. ...

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‘Edge’ announced as strategic partner for UMEX and SimTEX

ABU DHABI / WAM Adnec Group have announced Edge Group as a strategic partner for the sixth edition of the Unmanned Systems Exhibition (UMEX) and Simulation and Training Exhibition (SimTEX) 2024, and its accompanying conference, which will be held under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi. The UMEX and SimTEX 2024 ...

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