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DUBAI / WAM The Awqaf and Minors Affairs Foundation (AMAF) has launched a remote working system for 50 percent of its employees to ensure their safety, as part of the preventative measures to protect against coronavirus pandemic, Covid-19. Ali Al Mutawa, Secretary General of AMAF, said, “The Awqaf and Minors Affairs Foundation has activated a set of smart solutions and ...

ABU DHABI / WAM The central bank of the UAE announced the issuance of the ‘Dormant Accounts Regulation’. This regulation applies to all banks operating in the UAE. The purpose of the regulation is to establish a framework for the control and protection of dormant funds in banks, said a CBUAE press release on Wednesday. To ensure the funds in ...

ABU DHABI / WAM The joint military exercise between the UAE and US armed forces, ‘Native Fury 20’, has resumed in the UAE, reflecting the military cooperation between the two friendly countries and their close military ties. Brigadier Tariq Al Zaabi, Director of Native Fury 20, stated that the overall exercise includes a series of joint military training exercises, under ...

Bloomberg CanSino Biologics Inc said it received Chinese regulatory approval to start human trials of a vaccine against the novel coronavirus, another example of a potential weapon against the illness being fast-tracked for testing as the global death toll escalates and nations impose lockdowns on their citizens. The vaccine, co-developed by the Hong Kong-listed company and China’s Academy of Military ...

Bloomberg After the coronavirus outbreak caused a nationwide shortage of face masks in January, Chinese officials were quick to ensure that Tesla Inc wouldn’t be left without. China’s government helped the California-based carmaker secure the sought-after supplies that allowed it to reopen at a time when many of its competitors were still shut down. Tesla received 10,000 masks, cases of ...

Bloomberg Angela Merkel signalled she may be open to joint European Union (EU) debt issuance to help offset the impact of the coronavirus, an apparent softening of entrenched German opposition that could transform the finances of the 27-nation bloc. The unexpected opening from the leader of Europe’s dominant economy came after the chancellor and her EU counterparts agreed by video ...

Bloomberg Car sales in Europe are off to their worst start to a year since 2013 and are poised to deteriorate further after automakers across the region shuttered plants to counter the coronavirus pandemic. Passenger registrations declined 7.2% in February after a similar drop in January, according to the European Automobile Manufacturers Association. Even those figures may be the best ...

Bloomberg Hospital workers in Washington state have been making protective medical gear out of office supplies and other run-of-the-mill materials as they deal with a severe shortage of equipment needed to care for patients who may have Covid-19. Among the supplies coming in handy: clear vinyl sheets. “We are very close to being out of face shields,” said Becca Bartles, ...

Bloomberg China took the unprecedented step of expelling more than a dozen US journalists from three American newspapers, escalating a wider battle with the Trump administration as the coronavirus pandemic threatens to drag the global economy into a recession. China’s foreign ministry said US reporters at the New York Times, Wall Street Journal and Washington Post must hand in their ...

Abu Dhabi / WAM ZonesCorp, the largest operator of purpose-built economic zones in the UAE, has successfully attracted over AED350 million in investments since the beginning of 2020. Spreading over an area of more than 260,000 square meters, these investments serve a variety of sectors including oilfield services, plastic and automotive. Mohamed Al Khadar Al Ahmed, Acting Director General of ...