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ABU DHABI / WAM First Abu Dhabi Bank (FAB) has partnered with Etisalat Digital to launch a digital invoicing solution that caters to the SME merchant base in a fully contactless manner. The digital invoicing solution allows SME merchants such as grocery stores, restaurants and other SMEs restricted by the Covid-19 pandemic to accept card payments in a safe and ...

ABU DHABI / WAM The United Arab Emirates on Monday sent an aid plane containing seven metric tonnes of medical supplies to South Africa to bolster the country’s efforts to limit the spread of Covid-19. The aid will assist approximately 7,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Mahash Saeed Al Hameli, UAE ...

ABU DHABI / WAM The number of economic incentives launched by the Federal Government and local governments in the country’s emirates exceeded 100 over 45 days, as per a survey conducted by the Federal Competitiveness and Statistics Authority. These incentives include providing banking facilities to various economic sectors and small and medium-sized enterprises (SME) in addition to individuals, as well ...

ABU DHABI / WAM Al Dahra Holding LLC announced the signing of a Memorandum of Understanding (MoU) for a strategic partnership with Bulgaria-based AJD Agro Ltd. for the cultivation and supply of essential crops and forage – including alfalfa and other grasses – and the establishment of forage processing and dehydrating plants across various locations in Bulgaria in the near ...

Bloomberg Indonesian President Joko Widodo called for an urgent expansion of testing and aggressive containment measures to prevent the spread of coronavirus that’s killed almost 600 people in the world’s fourth-most populous nation. Large scale testing nationwide should be followed by aggressively tracking and isolating those exposed to the deadly disease, Jokowi, as the president is known, told a cabinet ...

Bloomberg While Indian technology outsourcing companies have largely held up better in the coronavirus pandemic than other industries in the nation, predicting how they are likely to perform in the future has never been so hard. The uncertainty stemming from the virus and countries’ efforts to contain it have made it harder to estimate short-term earnings than at any other ...

Bloomberg The US will allow companies to defer paying tariffs on many imported goods for 90 days, a move aimed at freeing up cash for pandemic-hit employers while leaving punitive measures against China and other nations intact. “This will protect American jobs and help these businesses get through this time,” Treasury Secretary Steven Mnuchin said in a statement. The deferral ...

Bloomberg Canada says it will apply extra scrutiny to foreign investment in companies that are related to public health or that supply critical goods during the pandemic. “There are vulnerable businesses that are going to be important to our recovery who are perhaps exposed to foreign purchases,” Prime Minister Justin Trudeau told reporters in Ottawa. “We will be strengthening our ...

Bloomberg Germany has pledged 2 billion euros ($2.2 billion) to help its beleaguered startups, but the policy has stalled after the country’s governmental departments failed to agree on who has to pay. More than two weeks after the aid plan has been announced, Germany’s finance and economy ministries are yet to find common ground over who is responsible for paying ...

Bloomberg A top Wuhan laboratory official has denied any role in spreading the new coronavirus, in the most high profile response from a facility at the center of months of speculation about how the previously unknown animal disease made the leap to humans. Yuan Zhiming, director of the Wuhan National Biosafety Laboratory, hit back at those promoting theories that the ...