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Bloomberg Spain is prepared to extend its furlough program beyond January, Social Security Minister Jose Luis Escriva said, in the clearest statement yet on the future of the wage-support policy. “We stand ready to reevaluate the situation,” Escriva said in an interview with Bloomberg News, one week after the government agreed to prolong its previous aid measure through January 31. ...

Bloomberg Brazil is framing its slow-moving privatisation program as a way to protect forests and rivers following international investors’ mounting criticism of President Jair Bolsonaro’s environmental policies. Martha Seillier, special secretary of the Investments Partnerships Program, said infrastructure building via concessions and privatisations not only represents good business opportunities but is also an environment-friendly strategy as the country battles a ...

DUBAI / WAM Hesham Abdulla Al Qassim, Chairman of Emirates Islamic and Vice Chairman and Managing Director of Emirates NBD Group, rang the market-opening bell on Tuesday to celebrate the listing by Emirates Islamic of a $500 million sukuk on Nasdaq Dubai. The bank achieved a profit rate of 1.827%, the lowest for a sukuk issued by a UAE bank ...

ABU DHABI / WAM In 2019, the UAE’s real estate sector achieved six positive indicators despite economic slowdown in the Gulf Cooperation Council (GCC) and the Middle East, highlighted by a surge in asset revenues, ownership rights revenues and profits in various indicators monitored by the central bank of the UAE (CBUAE). The companies, Emaar and Aldar, dominate the real ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 102,379 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

DUBAI / WAM Switzerland reaffirms its commitment to the success of the Expo 2020 Dubai, which will run from October 1, 2021 to March 31, 2022, and marks one year to go to the upcoming World Expo. On this occasion, the Swiss Pavilion took part in the first Pre-Expo event October, which was dedicated to space. The Expo offers a ...

Bloomberg President Donald Trump and his allies looked to capitalise on his discharge from the hospital, painting his return to the White House as a triumphant metaphor for his strength and vigor a month before Election Day. The president highlighted a supporter saying his return to the campaign trail would make him an “invincible hero.” A campaign spokesman chided Joe ...

Abu Dhabi / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, on Monday visited SeaWorld Abu Dhabi on Yas Island, of which construction is over 40% complete. In collaboration with SeaWorld Parks & Entertainment, this landmark project will bring the next generation ...

Dubai / WAM Field inspectors from the Commercial Compliance and Consumer Protection (CCCP) sector in Dubai Economy continued their visits to a number of open markets and shopping centres across the emirate to make sure that commercial establishments commit to the precautionary measures against Covid-19. During the tours, Dubai Economy imposed fines on four commercial establishments for employees’ lack of ...

DUBAI / WAM The Federal Youth Authority (FYA) held the first introductory meeting involving 50 young people from the first batch of the “Young Economists Programme.” The programme was organised by the FYA under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, to prepare a new generation of national economic leaders and ...