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ABU DHABI / WAM In line with the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, to take further measures to prioritise SMEs, the Abu Dhabi Government expanded the SME Credit Guarantee Scheme, increasing SME’s access ...

SHARJAH / WAM The Sharjah Economic Development Department (SEDD) launched a package of developed digital services that are available through its website and smart application around the clock to facilitate customers and support businesses in light of the exceptional circumstances in the country and the world. The department launched 20 digital services developed without ID (without the need for a ...

ABU DHABI / Emirates Business The Ministry of State for Federal National Council Affairs (MFNCA) has passed the audit process for renewing three International Standardisation Organisation (ISO) Certificates for Integrated Management Systems this week. The audit was conducted remotely using videoconferencing techniques and remote auditing, in line with the precautionary measures enacted in the UAE to ensure public health. The ...

Bloomberg The coronavirus pushed China’s economy into its first contraction in decades in the first quarter, with the spread of the disease around the world now leaving the nation reliant on fragile local demand to spur a recovery. Gross domestic product shrank 6.8% from a year ago, the worst performance since at least 1992 when official releases of quarterly GDP ...

Bloomberg Coronavirus cases in Singapore soared past the 5,000 mark as authorities detected more infections among foreign workers. Authorities said an additional 623 cases were confirmed on April 17 , bringing the total to 5,050 in the country, according to the health ministry’s statement. The majority of the cases are tied to facilities that house low-wage migrant workers in close ...

Bloomberg President Donald Trump announced a $19 billion bailout package for farmers hurt financially by the coronavirus crisis. The aid plan includes $16 billion in direct payments to farmers to boost their incomes, along with $3 billion in government purchases of meat, dairy products and other foods, the president said at a White House briefing. The Agriculture Department will receive ...

Bloomberg Boris Johnson’s government is seeking to expedite production of a vaccine and drugs to treat Covid-19, both of which are seen as crucial to end nationwide restrictions on citizens’ movement that have brought the UK economy to a near-halt. AstraZeneca Plc and the Wellcome Trust will form part of a new task force to coordinate efforts across academia and ...

Bloomberg Quebec’s efforts to grow fruits and vegetables during freezing winter months have gained new urgency after the coronavirus pandemic exposed risks to supply chains around the world. The Canadian province touted a C$1.3 million ($930,000) investment in an engineering company that outfits farmers to produce strawberries in winter. Premier Francois Legault also called on people who have lost their ...

Bloomberg Days after insisting he had absolute authority to steer the country’s economic recovery from the coronavirus outbreak, President Donald Trump instead handed over the keys to governors and businesses. Trump issued guidelines for states to consider as they decide whether to relax stay-at-home orders and other social-distancing measures enacted to curb the spread of the virus. The brief document ...

Abu Dhabi / WAM The Authority of Social Contribution – Ma’an has announced it has started working to provide a new food support scheme in Abu Dhabi for people whose income has been affected by the current health and economic situation. Individuals, couples or families most affected and those who meet the conditions can apply for support if their income ...