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SHARJAH / WAM The Commercial Officers at Sharjah Economic Development Department (SEDD) carried out 35,971 inspections on establishments since the beginning of coronavirus pandemic until September, to ensure they are adhering to precautionary measures. These campaigns were held periodically to ensure the safety of all establishments and practices across the Emirate of Sharjah. Likely, SEDD intensified its role during the ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 96,989 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

Abu Dhabi / WAM Khalifa University of Science and Technology today announced a team of researchers has successfully developed the first working prototypes of NavaMASK, a fully ‘biodegradable’, ‘biocompatible’, environment-friendly and novel anti-viral adaptive face mask with nanofibers that will have strong anti-microbial properties. The researchers have already filed for a patent license for the mask’s bio-material. NavaMASK will offer ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) launched an online campaign for World Energy Day, which is observed on October 22 every year. This is part of its continuous efforts to engage the public in achieving sustainable development and raise awareness on the importance of energy conservation, increasing energy efficiency and supporting energy sustainability. World Energy Day is ...

Bloomberg Investor confidence in the outlook for Germany’s economy plunged, in a sign of concern that resurgent infections could hurt the recovery. A gauge by the ZEW dropped to 56.1 in October — the lowest in five months — from 77.4 in September, below even the most pessimistic estimate in a Bloomberg survey. The measure for the euro area also ...

Bloomberg Ireland’s government is set to boost spending to counter the dual threats of Brexit and the pandemic, as new restrictions threaten to derail a nascent economic recovery. Finance Minister Paschal Donohoe will lay out the 2021 budget in Dublin, a week after the coalition government moved the nation to a Level 3 lockdown, meaning most restaurants and hotels are ...

Bloomberg UK Chancellor Rishi Sunak’s Treasury is locked in a battle with Alok Sharma’s Business Department over how to ensure polluters pay for their emissions after Brexit. The Treasury is pushing to replace the European Union’s cap-and-trade system with an economy-wide carbon tax, which would come into effect after Britain exits the bloc in January. The Department for Business, Energy ...

Bloomberg AP Moller-Maersk A/S raised its full-year guidance amid a surprise recovery in demand and sweeping efforts to cut costs. The container shipping company, which is eliminating hundreds of jobs, said earnings before interest, taxes, depreciation and amortization will be in the range of $7.5 billion to $8 billion, before restructuring and integration costs. That compares with an earlier forecast ...

Bloomberg BC Partners has raised around half the target amount for its next flagship private equity fund, for which it is seeking a record 8.5 billion euros ($10 billion), people with knowledge of the matter said. The London-based buyout firm has already gathered more than 4 billion euros for its 11th fund, hitting an initial fundraising milestone, according to the ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a phone call from Israeli Prime Minister Benjamin Netanyahu, to discuss the progression of bilateral relations in view of the peace accord the two countries recently signed. The officials also reviewed the steps ...