Dubai / WAM The UAE showed an outstanding performance in securing food during the Covid-19 pandemic with Dubai external foodstuff trade reaching AED52 billion in 2020, according to Dubai Customs. “Food security is gaining more importance under the current circumstances, and the challenges posed by the pandemic which swept across the world,” said Nassim Al Mehairi, Manager of Statistics Section ...

DUBAI / WAM Dubai Municipality closed down 53 food establishments during the first quarter of this year for violating Covid-19 protocols. Inspection campaigns are on during Ramadan to ensure that food establishments meet the requirements for transporting, storing, preparing and displaying food products and materials. Sultan Al Taher, Head of Food Inspection Section in the municipality said that the officials ...

Dubai / WAM Smart Dubai announced it collaborated with the UAE Zakat Fund to launch a new and secure Zakat payment service on the government service application DubaiNow in time for the Holy Month of Ramadan. The new service allows users to calculate their Zakat amount per Islamic Sharia law, and then pay the full amount or part of it. ...

Bloomberg Natural gas is falling out of favour with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with billions of dollars of assets they can’t sell. Citigroup Inc and JPMorgan Chase & Co are among the banks that strengthened their financing restrictions on thermal coal under pressure ...

London is finally getting a proper test of its appetite for loss-making, high-growth technology stocks. The impending initial public offering of cybersecurity startup Darktrace Plc fulfills many of the criteria that much-hyped Deliveroo Holdings Plc didn’t, but investors are still being asked to overlook some issues that would likely be less of a concern in the US. Deliveroo’s experience made ...

A 2021 remake of Get Shorty might not have much use for John Travolta’s Miami mobster character. The debt collector role could go to a bot. You can test this hypothesis in a most unlikely place to roll out a new technology: the Indian countryside. The setting is perhaps not as odd as it seems, with about 5% to 10% ...

For years, video consumption was rising — from television to streaming apps to social media platforms. But one of the most thrilling parts of entertainment was mostly missing from the video world until the pandemic hit: the power of truly “live” streaming content. But with large gatherings off-limits during the pandemic, musicians and arts organisations started putting together live performances ...

The fixed-income landscape is set to be transformed as the European Union revs up to borrow $1 trillion by selling bonds in its own right. While talk of creating a market to rival US Treasuries is overblown, the forthcoming flood of securities will offer investors a genuine alternative to German bunds as the region’s debt benchmark. The EU will issue ...

Bloomberg The US said China continues to focus its policies on exports, and called on its biggest economic rival to implement forceful measures to boost domestic demand. “China’s recovery has been highly imbalanced” since the hit from the coronavirus pandemic, the US Treasury Department said in its semiannual foreign-exchange report. “Stringent containment measures enabled China to quickly resume manufacturing while ...

Bloomberg Razorpay, an Indian startup that facilitates digital payments, is raising $160 million from Sequoia India, Singapore’s sovereign fund GIC Pte and others, tripling its valuation to $3 billion in six months. The Bangalore-headquartered company, which helps businesses to automate their payment systems, will use the funds to expand into banking and lending, make acquisitions and add services in Southeast ...