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ERC intensifies response to humanitarian conditions in Yemen for Ramadan

MUKALLA / WAM The Emirates Red Crescent (ERC) is intensifying its response to the humanitarian conditions in Yemen for the Holy Month of Ramadan, by continuing to send relief shipments to Hadramaut Governorate. Two planes carrying 60 tonnes of basic food supplies arrived in Riyan Airport to provide for the needs of Hadramaut’s residents during Ramadan. The ERC is keen ...

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Ministry launches ‘Ma’kom in Ramadan’ programme

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP), represented by the Health Education and Promotion Department, has launched the “Ma’kom in Ramadan” programme, which aims to highlight the most important healthy habits and food practices that have to be maintained in the Holy Month, raise health awareness of community members, and help them opt for healthy foods. ...

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FTA promotes tax awareness as part of Tax Clinic initiative

Abu Dhabi / WAM The Federal Tax Authority (FTA) has held three new interactive sessions via video conference, as part of the “Tax Clinic” initiative, a policy of direct and constant communication with business sectors, aims to promote tax awareness and avoid the most common errors that might occur while implementing the tax procedures. The three awareness sessions held in ...

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ADIB partners with IBM to accelerate its digital transformation

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) announced a new collaboration with IBM, an American multinational technology company, to fast track its transition into a modern, digitally-led Islamic bank, using IBM’s hybrid cloud solutions based on Red Hat OpenShift. This step will help enhance ADIB’s digital infrastructure, modernise operations and automate processes, enabling its employees to focus on ...

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Home prices soar in frenzied US market drained of supply

Bloomberg Last year’s pandemic housing rush is now this year’s end-of-lockdown feeding frenzy. Across the US, house hunters are fighting for scraps in a market picked clean of listings during the key spring homebuying season. Bidding wars are the norm. Strategies like waiving inspections to secure deals, common for years in hot West Coast tech hubs, are popping up in ...

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Facebook cracks down on 1,000 fake networks, accounts

Bloomberg Facebook Inc. said it removed 14 networks representing more than 1,000 accounts seeking to sway politics around the world, while misleading the public about their identity. Most of the removed networks were in the early stages of building their audiences, the Menlo Park, California-based company said. Facebook’s announcement, part of its monthly reporting on efforts to rid its platforms ...

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Finland planning gradual easing of Covid-19 curbs

Bloomberg Finland’s government presented a gradual plan for exiting Covid-restrictions, starting with the executive relinquishing emergency powers later this month. Tight restrictions would be eased in May, and lesser restrictions gradually from June. The government will prioritise removing restrictions affecting children, Prime Minister Sanna Marin said at a press conference. The timetable is conditional on the development of the Covid-situation ...

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UK’s longest-maturity bond offer has buyers waiting to pounce

Bloomberg UK bond investors eager for the government to sell more of its longest-dated debt appear to have gotten their way. A bond auction on Tuesday will include a 1 billion-pound ($1.37 billion) offering of gilts maturing in 2071 with more scheduled for sale in June. Minutes of a conference call with the Debt Management Office last month revealed investors ...

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Daimler CEO sees solid returns on e-car

Bloomberg Daimler AG’s new flagship electric sedan will generate “reasonable” returns right from the start as the vehicle features top-line technology, Chief Executive Officer Ola Kallenius said. The Mercedes EQS, which debuts this week, will produce attractive profits while still lagging the returns of its combustion engine-powered sibling, the S-Class, due to the higher cost of electric-car components, Kallenius said ...

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