Abu Dhabi / WAM The UAE on Wednesday sent an aid plane carrying 7 metric tons of medical supplies to Jubaland, Somalia to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 7,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Mohammed Ahmed Othman Al Hammadi, UAE Ambassador ...

DUBAI / WAM Dubai Chamber of Commerce and Industry has launched its Business Mentoring and Support (BMS) Programme – a CSR initiative designed to help small and medium-sized enterprises (SMEs) in Dubai steer new challenges posed by the Covid-19 pandemic. The programme will see SMEs in Dubai paired with large companies offering professional advice and resources tailored to unique needs, ...

Fujairah / WAM Inventories of oil products at the UAE’s East Coast port of Fujairah have climbed for the first time in three weeks, led by gains in gasoline and other light distillates. Total stockpiles were up 0.3 per cent on the week to 30.218 million barrels as of June 22, after setting a record high of 30.71 million barrels ...

ABU DHABI / WAM Khalifa Fund for Enterprise Development and the social media company Facebook have announced the relaunch of “She Means Business”, an entrepreneurial education programme for women. The programme will support and train 1,300 women entrepreneurs through a series of virtual training sessions, with the overarching aim of equipping participants with a versatile range of skills that will ...

I sometimes refer to the Covid-19 pandemic as “the great psychometric test.” We are all being placed under different kinds of strain, and we have the chance to react for better or worse. One set of tests has concerned masks. There is increasing evidence that masks stem the spread of the virus, yet the US is not embracing mask-wearing. It ...

As Japan’s SoftBank Group Corp unloads about 200 million shares of T-Mobile US Inc, more investors get a chance to own a top-performing stock that had been hogged by insiders. SoftBank’s fire sale isn’t a knock on T-Mobile, but rather a reluctant move by billionaire Masayoshi Son to shore up his own troubled conglomerate. Indeed, his loss will be someone ...

One stereotype about Germans is that they love to complain, typically with self-righteous bluster and hair-splitting inflexibility. Much less known is the addendum. Having complained, and realising that their position is untenable, Germans are also remarkably adept at changing the subject and moving on. You see this in domestic politics all the time. Last fall the Social Democrats, the junior ...

Dell Technologies Inc’s magical merry-go-round of financial engineering is spinning once again. The corporate computing giant is examining options for its majority stake in software-company VMware Inc. that include a spinoff of the holdings, the Wall Street Journal reported. VMware shares soared roughly 10% on the news in after-market trading, valuing Dell’s 81% stake at around $55 billion. To understand ...

Bloomberg Airlines may be struggling to survive the industry’s worst-ever downturn, but investors in Iceland reckon the time is ripe to launch a brand new carrier. Play Air aims to commence flights this fall with a plan borrowed from Wow Air Hf, which collapsed in 2019. Like Wow, it will seek to exploit Iceland’s position in the North Atlantic to ...

Bloomberg Pakistan said the Airbus SE A320 crash in a Karachi neighbourhood last month happened because of errors made by the pilot and air traffic controllers (ATC). Both engines of the state-run Pakistan International Airlines Corp plane were damaged during the first failed attempt at landing at the airport, aviation minister Ghulam Sarwar Khan told lawmakers in parliament. The aircraft ...