ABU DHABI / WAM Financial transfers conducted through the Immediate Payment Instruction (IPI) reached AED4.7 billion since the system was introduced by the central bank of the UAE (CBUAE) in June 2019. CBUAE statistics revealed that 1.9 million easiest and fastest transfer transactions were made from June 2019 to June this year. The CBUAE has introduced the IPI to enable ...

Abu Dhabi / WAM In the first half of 2020, AED6.3 billion of additional stock became accessible for a new group of both local and international investors, creating further scope for increased trading and liquidity, Abu Dhabi Securities Exchange (ADX) revealed in its report on its performance for the six months ending June 30. The report focuses on the exchange’s ...

Bloomberg Oil edged lower with a weaker demand outlook underscored by Opec’s decision to taper production cuts and US economic data signaling a slowing recovery in the labour market. After hitting a four-month high, US crude futures fell as much as 1.5% on Thursday. Next month, Opec+ plans to add at least 1 million barrels a day of supply to ...

KHOKHA / WAM The UAE continues its relief assistance to the Yemeni people as part of its humanitarian mission to alleviate the stress of the living conditions affecting the local population. The Emirates Red Crescent (ERC) provided 40 tons of relief materials to 1,370 families in the Al Alili camp in the coastal Yemeni city of Khokha, who had fled ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Heiko Maas, Minister for Foreign Affairs of Germany, have discussed strategic relations between the two countries and cooperation in various fields. This came during a telephone call, wherein the ministers exchanged views on the latest regional and international developments, as ...

Abu Dhabi / WAM The first World Health Organisation (WHO) enlisted global clinical Phase III trial of Sinopharm CNBG’s inactivated vaccine to combat Covid-19 has started in Abu Dhabi in the United Arab Emirates, and has been inspired by the UAE Leadership’s vision and commitment to overcome the pandemic through a global collaborative effort. Sheikh Abdullah bin Mohammed Al Hamed, ...

Abu Dhabi / WAM The United Arab Emirates on Thursday sent an aid plane carrying 8 metric tons of medical supplies and testing kits to Burkina Faso. This aid will assist approximately 8,000 medical professionals as they work to contain the virus, bolstering the country’s efforts to curb the spread of Covid-19. “Based on the UAE’s leading and humanitarian role ...

ABU DHABI / WAM In 2019, the UAE was ranked first in seven global health indexes, according to the Federal Competitiveness and Statistics Authority (FCSA). A report by the authority pointed out that the UAE was ranked first internationally in the “Low HIV Prevalence Index,” the “National Early Detection Programmes Index,” the “Low Rate of Health Problems Index,” the “Health ...

Dubai / Emirates Business Emirates has announced it will resume flights to Tehran (from July 17), Guangzhou (from July 25), Addis Ababa (from August 1), and Oslo (from August 4), expanding connectivity for customers with these latest cities rejoining its network across the Middle East, Asia Pacific, Africa, and Europe. This will take the airline’s passenger network to 62 destinations ...

Bloomberg Joe Biden called for setting a 100% clean-electricity standard by 2035 and investing $2 trillion over four years on clean energy, three people familiar with his plan said. The Democratic nominee’s new commitments mark a clear shift towards progressives’ environmental priorities and cutting the use of fossil fuels. The people briefed on his plan spoke on the condition of ...