Abu Dhabi: Abu Dhabi Power Corporation (ADPower) has submitted an offer to Abu Dhabi National Energy Company (Taqa) that would see it transferring the majority of its water and electricity generation, transmission and distribution assets. ADPower hopes to close the deal in the second-half of this year once Taqa shareholders recommend the switch. The proposed […]
Beijing: Chinese regulators unveiled a slew of measures to ensure stability of its $45 trillion financial system as the nation stepped up the fight against the spreading virus. The People’s Bank of China announced on Sunday it would supply 1.2 trillion yuan ($174 billion) to money markets on Monday. The securities regulator that it would […]
Singapore: The suspension of flights to China by global airlines due to the coronavirus epidemic resulted in Asian refining margins for jet fuel in January showing their biggest monthly decline in a more than a decade. Refining margins or cracks for jet fuel dropped 34% in January, their biggest monthly drop according to data going […]
The ministry expressed its full confidence in China’s proactive response and management of the situation.
Following a lifeline from Formula One billionaire Lawrence Stroll, Aston Martin has avoided an eighth bankruptcy in its 100-plus-year history – but as a result it has officially delayed all plans for electric vehicles. Having taken on the much-needed new investment reportedly to be up to £500 million ($656 million) to help ease a debt […]
London: The UK begins life outside the European Union burdened by economic ills that have gone unresolved for more than a decade. From anaemic growth to wage stagnation, the problems broadly come down to the abject weakness of productivity since the financial crisis. Each hour worked today is delivering just 2 per cent more economic […]
San Francisco: Oracle Corp said on Monday it had added new cloud computing data centres in five countries and aims to have them in 36 locations by the end of 2020, as it races with Amazon.com and Microsoft Corp for market share. After a rocky start in the cloud business, Oracle, a longtime business software […]
Operation Fox Hunt: They had run 81 fake business across 18 countries around the world.
Suspension will come into effect on February 5.
Screenings only conducted at airports, confirms MoHaP official.