UAE, Ghana discuss ways to develop ties

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received Nana Akufo-Addo, President of Ghana, in Qasr Al Watan (or the Nation’s Palace), who is in the country on an official visit. Upon his arrival at the Palace in Abu Dhabi, ...

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VP hails Dubai Chamber’s role in promoting emirate

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday visited a side exhibition of the Global Business Forum (GBF), held in Jumeirah City. He was accompanied by His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum. During his tour of the exhibition, His ...

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ERC signs deal to set up AED12m projects in Comoro Islands

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 ...

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Enoc Group, GoAir ink aviation fuel supply pact

Dubai / WAM Enoc Group and GoAir of India have signed aviation fuel supply agreement. Through which, Enoc will provide the Indian budget carrier with jet fuel supply at the Dubai International Airport for their fleet of commercial aeroplanes. After a track-record of significant growth and success in the UAE, Enoc further expanded its network and currently covers more than ...

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Etihad, Boeing unveil first-of-its-kind eco-friendly plane

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 ...

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SoftBank to create Japan internet giant to battle rivals

Bloomberg Masayoshi Son, after backing startups around the world, is engineering a complex deal on his home turf to create a national champion that can more effectively compete with global rivals like Google and Amazon.com Inc. Son’s SoftBank Group Corp plans to combine its Yahoo Japan internet business with Line Corp in a deal that values the country’s leading messaging ...

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India provides creditors path to recover loans

Bloomberg India unveiled rules to help creditors recover loans due from large shadow lenders as a prolonged upheaval in the nation’s credit markets raises the risk of defaults by the financiers. The amended law provides a generic framework for insolvency and liquidation proceedings of systemically important financial services providers, other than banks, according to a government statement. The 15-month-old credit ...

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Japan’s ‘bark worse than bite’ in South Korea trade spat: Citi

Bloomberg Japan’s trade curbs on South Korea have so far been a case of “the bark was worse than the bite,” with only limited fallout for South Korea’s economy, according to Citigroup Inc. Japan’s tighter scrutiny of exports of three key materials used in the chip industry and Tokyo’s removal of its neighbour from a list of trusted trading partners ...

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Indonesia’s budget deficit set to widen

Bloomberg Indonesia’s budget deficit has ballooned to more than $20 billion and is set to widen further as Southeast Asia’s largest economy struggles amid a global slowdown. With the government on pace to miss revenue targets, the 2019 budget deficit is now expected to reach as much as 2.2% of gross domestic product, from an initial target of 1.84%. Figures ...

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