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RAS AL KHAIMAH / WAM The Local Emergency, Crisis and Disasters Management Team in Ras Al Khaimah announced the extension of relevant precautionary measures to April 8 to curb the spread of coronavirus (Covid-19). Major General Ali Abdullah bin Alwan Al Nuaimi, Commander-in-Chief of the Ras Al Khaimah Police and Head of the Team, said that relevant precautionary and preventive ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has announced the issuance of 48,749 permits for practising passenger transport in 2020. It comprises 4,315 permits for school transport drivers, 8,999 permits for limo drivers, 25,666 permits for taxi drivers, 326 permits for heavy truck drivers, 4,461 permits for school transport assistants, and 4,082 permits for transporting passengers returning to ...

DUBAI / WAM Dubai Municipality, in collaboration with the Mohammed Bin Rashid Space Centre (MBRSC), has announced that it is preparing to launch the DMSat-1 satellite, the region’s first environmental nanometric satellite, on March 20. The launch is part of a high-technology project undertaken to develop solutions to environmental challenges and address climate change. The satellite will be launched from ...

Bloomberg Officials at the International Monetary Fund (IMF) see some benefit in delaying a $45 billion agreement with Argentina after the nation’s midterm election in October, with talks yielding little progress six months after they began, according to people familiar with the situation. While IMF negotiators prefer to hash out a deal with Argentina as soon as possible, some see ...

Bloomberg Investors rushed back into Tesla Inc. shares, putting a screeching halt to a five-day slump, and pushing the stock to its biggest gain in more than a year. A steady stream of positive news — including an upgrade from a Wall Street analyst, a rally in the cryptocurrency Bitcoin and a broader turn in sentiment toward high-multiple technology stocks ...

Bloomberg UK retail sales growth accelerated in February as government’s roadmap to end coronavirus lockdown spurred purchases of back-to-school items, an industry survey showed. The increase of 1% last month compared with a gain of 0.1% a year ago and average growth of 0.6% for the past three months, according to the report by the British Retail Consortium and KPMG. ...

Bloomberg As the House is poised to send the $1.9 trillion Covid-19 relief plan to President Joe Biden for his signature, providing an economic boost that will last long after $1,400 stimulus checks start arriving in Americans’ accounts this month, the US economic outlook is much sunnier than it looked in early January. The latest Bloomberg monthly survey of economists ...

Bloomberg Vodafone Group Plc is looking to raise 2 billion euros ($2.4 billion) from an initial public offering of its European mobile-phone towers unit in Frankfurt, in what will be one of the region’s biggest stock market listings this year. The UK telecommunication giant plans plans to sell shares in Vantage Towers AG at 22.50 euros to 29 euros apiece, ...

Bloomberg Puerto Rico is asking the court overseeing its record bankruptcy to consider a revised restructuring plan to cut $18.8 billion of bond debt backed by the central government, reviving a restructuring effort that has largely been stalled for a year by the coronavirus pandemic. Puerto Rico’s financial oversight board filed its debt adjustment plan, which hews to the terms ...

ABU DHABI / WAM The announcement of the issuance of an operating licence for Unit 2 of the Barakah Nuclear Power Plant is another example of how the UAE continues to implement its mega development projects despite exceptional circumstances and challenges imposed by the outbreak of Covid-19. The Barakah project has taken the development path of the UAE to advanced ...