DUBAI / WAM Dubai property developer Nakheel has completed a two-week precautionary deep disinfection programme at all 647 residential buildings in its Dubai property portfolio as part of its continued efforts to safeguard public health. More than 6,000 corridors, 3,000 concierge and lobby areas, and 850 elevators were sanitised, using Dubai Municipality-approved materials and tools, the developer said on Tuesday ...

Dubai / WAM The Business Registration and Licencing (BRL) sector at Dubai Economy achieved record results in implementing remote working and activating smart and electronic channels, as the total number of commercial registration and licencing transactions from March 22 to April 13 this year reached 14,366. Of these, 66 percent were electronic transactions and 34 percent were through the outsource ...

ABU DHABI / WAM The United Arab Emirates, in collaboration with the World Health Organisation (WHO), has dispatched an aid plane carrying approximately 27 metric tonnes of medical supplies to Somalia. The aid, which consisted of seven metric tonnes from the UAE and 20 metric tonnes from the World Health Organisation, will help approximately 27,000 healthcare workers in combating the ...

Bloomberg Southeast Asian nations plan to discuss forming a joint fund to combat the coronavirus pandemic with China, Japan and South Korea during a virtual summit on Tuesday, according to a Thai official. The 13-nation special summit initiated by the Association of Southeast Asian Nations comes as the region struggles to contain the Covid-19 outbreak even after it spread to ...

Bloomberg Apple Inc’s iPhone shipments in China rebounded in March as the world’s second-largest economy worked to reboot its manufacturing industry following the disruption caused by the novel coronavirus outbreak. Shipments of Apple’s marquee device jumped 19% in March from a year earlier to 2.5 million units, according to Bloomberg calculations based on monthly data from the China Academy of ...

Bloomberg The coronavirus outbreak will reduce Japanese automakers’ combined operating profit by 38% this fiscal year, but the manufacturers may rebound faster than they did after the global financial crisis more than a decade ago, analysts at Goldman Sachs Group Inc said. Demand could “recover relatively quickly” once the pandemic nears an end, Kota Yuzawa and other analysts wrote in ...

Bloomberg China has started the process of potentially merging its two biggest brokerage firms to create a company that can better compete with the global investment banks as the country opens up its financial markets, according to people familiar with the matter. Citic Securities Co and CSC Financial Co, along with their government shareholders Citic Group and Central Huijin Investment ...

Bloomberg The Philippines is allowing health workers with existing overseas contracts to leave, relaxing an order earlier this month to keep them in the country to reinforce the healthcare system amid the pandemic. Future applications for healthcare jobs abroad are “frozen until further notice,” Foreign Affairs Secretary Teodoro Locsin, who called the ban unconstitutional, said. President Rodrigo Duterte said that ...

Bloomberg A researcher at China’s biggest oil company said the country’s drillers should copy the hedging strategies of Mexico and shale firms in the US, which use financial derivatives to protect against falling oil prices. Most of China’s oil production is unhedged, leaving the stability of the sector exposed to global market fluctuations, according to Dai Jiaquan, director of the ...

Bloomberg Japan revised lower its latest greenhouse gas emissions figures, which it had already reported as the least since records began in 1990. Emissions fell 3.9% from a year earlier, data on Tuesday from the environment ministry showed, a bigger drop than the 3.6% estimate in November. The figures, for the year through March 2019, are the latest available. The ...