Chinese regions unveil credit support for coronavirus-hit firms

Beijing/Shanghai: Financial regulators in Guangdong province in southern China, Chengdu and Beijing have unveiled detailed measures to support firms hit by the coronavirus outbreak amid worries about a sharper economic slowdown. The banking and insurance regulator in Guangdong, China’s export hub, has pledged to provide support for firms in retail, wholesale, catering, logistics, transportation and […]

Google-backed 1Life Healthcare surges 58% in trading debut

New York: 1Life Healthcare Inc., a provider of tech-driven primary care clinics under the One Medical brand, closed its first day of trading up 58 per cent after raising $245 million in an initial public offering. The shares closed Friday at $22.07, giving the company a value of $2.7 billion. The company priced them Thursday […]

Dubai Economy sees 34% rise in trademark cases

Dubai: Dubai Economy (also known as Dubai Department of Economic Development) said on Sunday it saw a 34 per cent increase of trademark filings in 2019 over 2018 to protect intellectual property. Trademark files registered at the Commercial Compliance and Consumer Protection sector in Dubai Economy reached 5,157 in 2019 up from 3,844 a year […]

Sheikh Ahmed issues Dubai Demand Side Management Strategy directive

Dubai: Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Supreme Council of Energy, has issued Directive No. 1 of 2020 for the Dubai Demand Side Management Strategy 2030 Update. The updated Dubai Integrated Energy Strategy 2030 places sustainable energy and energy efficiency as top priorities. These include the Integrated Water Resources Management Strategy mandated […]

DIFC to have no gratuity scheme from today

Dubai: A new savings plan likely to roll out for employees across the UAE is expected to offer workers returns on their money through investments in multiple asset classes. The DIFC Employee Workplace Savings Plan (Dews) will replace the end-of-service gratuity by employers. Instead of receiving a lump sum at the time their contract is […]