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Bloomberg China’s financial regulator said it will implement a series of measures to shore up nation’s troubled smaller banks and insurers while continuing a clampdown on shadow financing, property speculation. The regulator will introduce measures to eliminate bad loans and promote mergers, capital injections and the restructuring of high risk institutions, the China Banking and Insurance Regulatory Commission said in ...

DUBAI / WAM The Director General of Dubai Municipality, Dawood Al Hajri, revealed that Dubai Municipality has distributed about 4,200 residential plots to citizens in a number of areas of the emirate during 2018 and 2019 and the allocation of these plots comes in implementation of the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...

ABU DHABI / WAM The UAE has condemned a decision by Turkey to send military forces to Libya in a stark violation of the international community’s and UN Security Council’s resolutions on Libya, according to Security Council Committee established pursuant to Resolution 1970 of 2011 to prevent the sale or supply of arms to Libya without its approval. Such a ...

Bloomberg Bangko Sentral ng Pilipinas estimates oil prices will have to surge and persist at $90 a barrel for it to impact the central bank’s inflation forecast, Governor Benjamin Diokno said. It’s “too early to say,” Diokno said in a text message when asked if the latest geopolitical development between the US and Iran could threaten inflation targets and impact ...

Abu Dhabi / Emirates Business Khalid Ali Al Bustani, Director General of the Federal Tax Authority (FTA), announced that 2020 will see further evolution in the development of the FTA’s electronic systems, as part of its efforts to provide clear and simple procedures for managing, collecting and implementing federal taxes, ensuring higher rates of customer satisfaction. Al Bustani said that ...

ADEN / WAM The United Arab Emirates has launched an extensive campaign to combat epidemics in cities and districts across the Red Sea Coast of Yemen, within the framework of its emergency response programme in the country, and in response to calls for help made by concerned Yemeni authorities. Hospitals in areas including Mokha, Taiz, Al Duraimi and Al Hodeidah ...

Abu Dhabi / Emirates Business Khalid Ali Al Bustani, Director General of the Federal Tax Authority (FTA), announced that 2020 will see further evolution in the development of the FTA’s electronic systems, as part of its efforts to provide clear and simple procedures for managing, collecting and implementing federal taxes, ensuring higher rates of customer satisfaction. Al Bustani explained that ...

Abu Dhabi / Emirates Business Etisalat on Saturday announced the successful launch of open virtual Radio Access Network (Open vRAN), becoming the first operator in Mena to achieve this technological feat. By supporting Open architecture, Open vRAN technology accelerates the delivery of mobile networks. The technology is the foundation of next-generation wireless infrastructure driven by innovation and open standards. The ...

DUBAI / Emirates Business Mohammed bin Rashid School of Government (MBRSG) staged the fourth station in the third edition of its ‘Future Trip’ programme. Themed ‘Future Governments,’ the activity was held with the aim of forging the leaders of the future and providing participants with expertise and hands-on experience relating to the latest government practices across a variety of fields, ...

Abu Dhabi / WAM The Archery Tournament will kick off on Sunday at the Liwa International Festival 2020 from 08:00 to 17:00. Organised by the Higher Organising Committee, under the supervision of the Al Dhafra Shooting Club, the two-day competition is open to persons of all nationalities above the age of 12. Competitors will use 50-metre shotguns and 10-metre air ...