ABU DHABI / WAM The UAE has announced the suspension of all inbound and outbound flights with Italy, with the exception of flights to and from Rome until further notice. The flight suspension is part of the precautionary measures to control the spread of the Covid-19 virus. In a statement, the General Civil Aviation Authority (GCAA) said that all passengers ...
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Caring for children is caring for future
ABU DHABI / WAM The UAE places great importance on the rights of Emirati children, who receive the best care and attention, in accordance with the internationally recognised best practices, said HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation ...
Read More »Coronavirus: Abu Dhabi closes main cultural sites
ABU DHABI / WAM In line with precautionary measures to ensure the health and safety of visitors, the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has decided to temporarily close cultural sites in the emirate, starting from Sunday March 15 until March 31. The Department said in a statement” “Abu Dhabi’s main tourist attractions, theme parks ...
Read More »Covid-19: UAE central bank unveils AED100b stimulus
ABU DHABI / WAM The Central Bank of the UAE (CBUAE), launched an AED100 billion comprehensive targeted economic support scheme for retail and corporate customers affected by Covid-19. These measures will enter into force with immediate effect, according to a CBUAE statement issued on Saturday. “Given that the World Health Organisation has declared Covid-19 virus as a global pandemic, the ...
Read More »Oil price war erases $196bn from energy stocks in a week
Bloomberg Record lows, trading halts, capitulation and spending cuts made for a wild week in the energy sector after Saudi Arabia and Russia embarked on a war for market share, sending crude and equity prices in a downward spiral. The S&P 500 energy index never recouped the stunning losses it saw at the beginning of the week, despite the late-day ...
Read More »UAE halts issuance of all entry visas from March 17
ABU DHABI / WAM The UAE has suspended, effective March 17, all visas to all foreigners, with the exception of diplomatic passport holders. In a statement released on Saturday, the Federal Authority for Identity And Citizenship (ICA) said: “The move comes as part of the precautionary measures taken by the UAE in response to the World Health Organisation’s declaration of ...
Read More »UAE suspends flights to four nations amid virus
ABU DHABI / WAM The General Civil Aviation Authority (GCAA), announced the suspension of all inbound and outbound flights with Lebanon, Turkey, Syria and Iraq, with effect from March 17, and until further notice. The move is part of the country’s proactive precautionary and preventive health measures to contain the spread of the coronavirus (Covid-19), said the GCAA in a ...
Read More »Coronavirus tally may be tip of iceberg as sick go untested
Bloomberg Nizana Brautmann found out her 6-year-old son had been exposed to coronavirus via a note on the locked door of his Berlin daycare center. It told parents to take their kids home and wait. As the focus of the new pandemic shifts to Europe, authorities there have been slower to embrace the aggressive testing credited with helping to curb ...
Read More »â€˜Virus more damaging than financial crisis’
Bloomberg The economic fallout from the coronavirus could be more serious than the damage done by the 2008 global financial crisis for Singapore, according to Prime Minister Lee Hsien Loong. “We can’t tell when the pandemic will end, but it will likely last at least this year, and quite possibly longer,†Lee said in a Facebook post. “The economic hit ...
Read More »UAE to become first in Middle East to host IMCA in 2022
Dubai / Emirates Business At the International Congress of Maritime Arbitrators (IMCA) held in Rio de Janeiro, Dubai was announced as the next city to host this prestigious biennial event in 2022/2023. In showcasing the benefits of the UAE as a preferred jurisdiction for alternative dispute resolution, The Emirates Maritime Arbitration Centre (EMAC) presented Dubai’s bid with the UAE to ...
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