ABU DHABI / WAM The Emirates Red Crescent Abu Dhabi Centre’s humanitarian aid programmes during the last two months have benefitted 1,178 people within the emirate. According to a statement by the ERC centre the total value of assistance reached AED3.8 million, of which over half (AED1,595,000) was dedicated as financial aid to some 207 students. As for medical assistance, ...

Abu Dhabi / WAM The United Arab Emirates on Monday announced that it sent two aid planes carrying critical medical supplies to Iran to support the latter’s efforts to combat the coronavirus (Covid-19) disease. The two aid aircraft, which took off from Abu Dhabi contained over 32 metric tonnes of supplies, including boxes filled with thousands of pairs of gloves, ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), approved the distribution of 30 percent cash dividends, AED 0.30 per share, implying total cash dividends of AED 144.6 million for the financial year ended December 31, 2019. Adnic concluded its Annual General Meeting (AGM) where shareholders approved the Board of Directors’ Report, financial statements, to amend Article (7) of ...

AL AIN / WAM Strata Manufacturing, the advanced composite aerostructures manufacturing facility wholly-owned by the Mubadala Investment Company PJSC, deployed two of the latest generation MTorres Automated Tape Laying (ATL), machines to support its Airbus A350-900 manufacturing capabilities. The Al Ain-based manufacturer has gained First Part Qualification and First Article Inspection design and quality verifications for the use of the ...

DUBAI / WAM Dubai Financial Market (DFM) announced that it is temporarily closing its trading floor and customer affairs counters until further notice beginning March 16, as part of its commitment to public health, and in line with measures taken in the UAE to contain coronavirus (Covid-19). Hassan Al Serkal, Chief Operating Officer and Head of Operations Division at DFM, ...

Bloomberg Hong Kong’s jobless rate likely rose to its highest level in nine years in February as the novel coronavirus outbreak and plunges in asset prices weighed on the city’s economy, according to Financial Secretary Paul Chan. Hotels, retailers, restaurants and construction are among the industries that were hit hardest as companies shorten hours and shutter operations, Chan wrote in ...

Bloomberg China suffered an even deeper slump than analysts feared at the start of the year as the coronavirus shuttered factories, shops and restaurants across the nation, underscoring the fallout now facing the global economy as the virus spreads around the world. Industrial output plunged 13.5% in January and February from a year earlier, retail sales fell 20.5%, and fixed-asset ...

Bloomberg Alibaba Group Holding Ltd co-founder Jack Ma has joined Twitter. In his first tweet, Ma posted photos of a China Eastern Airlines plane with boxes of coronavirus test kits and face masks slated to be shipped and donated to the US from Shanghai. “All the best to our friends in America,” he wrote, which garnered more than 3,500 retweets ...

Bloomberg An investigation into Coffee Day Enterprises Ltd, initiated by its board after the death of founder VG Siddhartha, is likely to conclude that at least 20 billion rupees ($270 million) is missing from its accounts, according to people familiar with the matter. The months-long probe following the suicide of Siddhartha in July examined the financial transactions of India’s largest ...

Bloomberg Tencent Holdings Ltd picked up millions of new gamers during the global coronavirus outbreak — yet that surge in mobile play may be slowing as world’s No 2 economy goes back to work. The quest for entertainment among millions confined to home translated into a big boost for Tencent’s marquee games, Honor of Kings and Peacekeeper Elite. That helped ...