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PayBy, FAB partner to launch mobile payment services

ABU DHABI / WAM PayBy, an innovative fintech company, has officially launched its mobile payment services in the UAE on Monday. In partnership with the First Abu Dhabi Bank (FAB) PayBy offers a secure payment solution that is superior to cash and payment cards. The new payment solution will allow consumers to use their smartphones to make contactless and cashless ...

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UAE to harness scientific research to combat virus

Abu Dhabi / WAM The National Emergency Crisis and Disasters Management Authority (NCEMA), held a joint meeting with the Emirates Scientists Council, to discuss ways of employing scientific research to contain the spread of coronavirus (Covid-19). The meeting was attended by Sarah bint Yousif Al Amiri, Minister of State for Advanced Sciences and President of the Emirates Scientists Council, Saif ...

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Abu Dhabi Chamber unveils new e-services via its digital platform

Abu Dhabi / WAM The Abu Dhabi Chamber announced the addition of more e-services to its digital platform, including attesting documents electronically, and annulling e-services subscription fees in support of its digital approach. The new services come within the government’s campaign “Stay at Home”, a press release issued by Abu Dhabi Chamber said on Monday. The initiative is also in ...

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Doctors say it’s only a matter of time before virus sweeps India

Bloomberg It’s the phone calls at all hours of the night he remembers. As swine flu ravaged northern India in 2015, a radiologist working at a hospital in a Delhi suburb said people would call begging for a bed. That outbreak ultimately infected more than 31,000 people and killed nearly 2,000, as many died waiting for treatment. With the far ...

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Indonesia prepares to lock down 30 million people to curb virus

Bloomberg Indonesia may soon quarantine almost 30 million people in its capital and surrounding areas to curb the spread of the coronavirus that’s killed more than 100 people in the world’s fourth-most populous nation. Police and transport officials conducted drills on limiting the movement of people from the Greater Jakarta area at the weekend, the Jakarta Post reported. The governor ...

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UK seeks to shield business with new bankruptcy rules

Bloomberg The UK government is loosening its bankruptcy rules to allow struggling businesses to continue trading if they can’t pay their debts because of the impact of the coronavirus. In another sign of how the pandemic is forcing governments to upend policy, Business Secretary Alok Sharma said the changes would allow British companies being reorganised to access supplies and raw ...

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WeWork axes 250 jobs to trim costs

Bloomberg WeWork continued to cut more staff as part of a months-long effort to lower expenses after its failed initial public offering last year, the company said. The New York-based co-working firm axed about 250 jobs in its development department, according to two people familiar with the matter. The reductions aren’t related to the impact of the coronavirus, one of ...

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Small businesses fear hold-ups in $350bn rescue program

Bloomberg Getting the $350 billion in loans for small businesses in the record US stimulus package into business owners’ hands before a wave of closures will strain the nation’s network of lenders and regulators as never before. The magnitude of the plan is unprecedented for the Small Business Administration (SBA), an agency that distributed $28 billion in fiscal year 2019 ...

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Trump drops Easter virus goal, steels Americans for deaths

Bloomberg President Donald Trump abruptly abandoned his ambition to return American life to normal by Easter, heeding advice from the government’s top doctors that re-opening the US economy in two weeks risks greater death as the coronavirus outbreak accelerates. In a stark shift from two weeks of measured optimism, the president said his guidelines for Americans to practice “social distancing” ...

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Covid-19: Sharjah Chamber starts online attestation services for all transactions

SHARJAH / WAM The Sharjah Chamber of Commerce (SCCI) has announced the activation of online attestation services for all transactions through the chamber’s website or the smart application instead of coming in person to the customer happiness centres. The move comes as part of the precautionary measures adopted by the SCCI to combat the spread of coronavirus (Covid-19) and to ...

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