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Bloomberg TikTok asked a federal judge in Washington to block the Trump administration from enacting a ban on the fast-growing social-media network. TikTok and its parent company, ByteDance Ltd., filed a complaint challenging the Trump administration’s recent moves to prevent the app from operating in the US. The lawsuit marks the second time TikTok has challenged President Donald Trump’s actions ...

Sharjah / WAM Sharjah Islamic Bank’s (SIB) $500 million sukuk received the ‘Sukuk Deal of the Year 2020’, at the 10th Global Islamic Finance Awards (GIFA). SIB, which enjoys strong investment grade ratings of A- by Standard & Poors, A3 by Moody’s, priced a AED 1.83 billion 5-year sukuk, with a profit rate of 2.85 per cent per annum. The ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) and the National Emergency Crisis and Disasters Management Authority (NCEMA) have announced a set of protocols for regulating social events and gatherings which are aimed at containing the spread of Covid-19 and ensure the highest levels of prevention and safety approved by the health authorities. The protocols set rules ...

Abu Dhabi / WAM The UAE sent a fifth aid plane carrying 13 metric tons of critical medical supplies to Colombia to support the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 13,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Salem Rashid Al Owais, UAE Ambassador to Colombia, ...

Dubai / Emirates Business Emirates has reaffirmed its commitment to growing its operations in Bahrain with the introduction of a second daily flight to the Kingdom. The expanded schedule will offer enhanced connectivity for customers travelling to Dubai and beyond to Emirates’ network of over 85 destinations. The second daily flight will be operated by an Emirates Boeing 777-300ER. Starting ...

ABU DHABI / WAM The Undersecretary of the Abu Dhabi Judicial Department (ADJD) Youssef Saeed Al Abri, launched the “Mezan” project for the calculation of government services costs through the application of the world’s best costing programmes. “Mezan” allows the application of the best global programmes to calculate costs by providing the latest means of data analysis, reporting, statistics and ...

DUBAI / WAM The Commercial Compliance and Consumer Protection (CCCP) sector in Dubai Economy fined five commercial establishments, including retail stores in various shopping centres and gargour outlets in Warsan 3, for lack of employee commitment to wearing masks. No outlet was ordered to be closed during the inspections. Field inspectors from the CCCP also warned 10 establishments for their ...

Sharjah / WAM The Expo Centre Sharjah is currently hosting the “Expo Electronics Exhibition”, the first event the centre has organised after the gradual return to normal life and the resumption of activities and events in Sharjah. This is in line with the decision of the Sharjah Executive Council to resume the organisation of exhibitions and conferences under the supervision ...

Bloomberg France’s finance chief contracted Covid-19 amid the virus surge in his country and Prime Minister Boris Johnson said the UK may need tighter restrictions, signalling Europe’s growing risk of the kind of lockdowns that crippled the economy in the second quarter. Mayor Sadiq Khan sounded the alarm for London, saying it’s “increasingly likely” that “additional measures will soon be ...

Bloomberg Britain’s labour market took a turn for the worse in July even as the economy gradually reopened, taking total job losses under the pandemic to almost 700,000 and raising pressure on the government to extend support programs. Employment falls by 102,000, the first decline since April, the Office for National Statistics said. The single-month unemployment figure reached 4.4%, the ...