News

Bloomberg Argentina’s economic recovery lost steam in July after the government re-imposed stricter quarantine measures in a failed bid to contain the pandemic. Economic activity rise 1.1% in July from a month earlier, after two months of stronger gains as the economy rebounded from a historic drop in April. Activity falls 13.2% from a year earlier, worse than economists’ expectation ...

Bloomberg Germany may join other European nations in limiting the number of people at private and public gatherings in areas with high coronavirus infection rates, as officials across the continent labor to reverse a recent uptick in cases. Chancellor Angela Merkel will recommend restricting private meetings to 25 people and public gatherings to 50 people when she holds talks with ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched ‘Designing the Next 50’ project to involve the public in shaping the future of the UAE. The project will bring together all members of the society to establish the pillars and components of the UAE Centennial ...

Abu Dhabi / WAM Sanad, a wholly-owned subsidiary of Mubadala Investment Company (Mubadala) announced today a new AED1 billion deal with Pratt & Whitney and International Aero Engines (IAE). The new agreement will see Sanad Aerotech providing IAE with expanded maintenance, repair and overhaul (MRO) services for its V2500 engines, which powers the Airbus A320 family of aircraft. The announcement ...

Abu Dhabi / WAM The UAE’s MeznSat, a national project in partnership between UAE Space Agency, American University of Ras Al Khaimah (Aurak), and Khalifa University (KU) lifted off aboard a Soyuz-2b rocket from the Plesetsk Cosmodrome in Russia. MeznSat aims to enrich scientific research and organise space-related activities while studying the greenhouse gas and red tide phenomenon in the ...

Bloomberg Oil has wavered on growing doubts over demand prospects with more potential lockdown measures on the way to combat the virus. The market was earlier buoyed by the dollar’s biggest slide in almost four weeks, which made commodities priced in greenback more attractive, as well as a bounceback in equities. Futures in London as much as 1.2% before paring ...

Dubai / WAM The Beit Al Khair Society spent over AED6 million on the treatment of patients at the end of September 2020, as part of the “Elaj Project.” The project is one of the society’s key community initiatives that aim to help low income people without medical insurance, benefitting 446 individuals. Abdeen Taher Al Awadhi, Director-General of the Society, ...

DUBAI / WAM Jebel Ali Free Zone (Jafza) entered into a strategic agreement with Etihad Export Credit Insurance Company (ECI) to support local businesses, advance exports, and drive the UAE economy during the current economic climate. The Memorandum of Understanding (MoU) was signed virtually by Mohammed Al Muallem, CEO and Managing Director of DP World, UAE Region and CEO of ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) said it carried out over 76,888 additional Covid-19 tests in the country over the last 24 hours, using the latest testing methods. The ministry said in a statement that the intense testing drive uncovered 626 new cases of various nationalities, who are all in a stable condition and receiving ...

NEW DELHI / WAM India’s Ministry of Civil Aviation on Monday announced a packed schedule of 270 repatriation flights out of the UAE commencing October 1 to bring back its citizens who wish to return home to face disruptions caused by the coronavirus pandemic. The ministry said its new schedule, which will run until October 25, constitutes the seventh phase ...