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Abu Dhabi / WAM Ambulatory Healthcare Services — part of Abu Dhabi Health Services Company (Seha) — announced the extension of operating hours for its healthcare and dental centres to improve patient experience and satisfaction. The healthcare centres in Abu Dhabi, which include Madinat Mohamed bin Zayed, Al Bateen, Al Falah, Al Samha, and Al Mushrif Children’s Specialty Centre, operating ...

ABU DHABI / WAM The central bank of the United Arab Emirates has injected around AED15.86 billion in cash to the financial system in June to boost liquidity and compensate banks for the considerable amount of funds withdrawn out of excess liquidity in the market in April and June, according to the apex bank’s figures. The move fits within the ...

Dubai / Emirates Business Dubai Chamber of Commerce and Industry recorded a 20% month-on-month (m-o-m) increase in the value of member companies’ exports to Africa in June, which reached AED 2.94 billion ($800 million). The value of exports and re-exports to Africa, tracked by Certificates of Origin (COOs) issued to Dubai Chamber member companies, signalled a rebound in trade activity ...

Bloomberg The German government expects the economic fallout from the coronavirus to be smaller than feared this year, according to a person familiar with forecasts to be published Tuesday. Chancellor Angela Merkel’s ruling coalition predicted in April that the economy would contract by 6.3% in 2020, its worst recession since the nation began a recovery after World War II, before ...

Bloomberg Argentina received widespread bondholder support to restructure its overseas debt, paving the way for the nation to emerge from the ninth default in its history. Investors holding 99% of the country’s $65 billion in international bonds will swap their securities for new notes, Economy Minister Martin Guzman announced in Buenos Aires. The “massive” support from bondholders will generate $38 ...

Bloomberg After months of wrangling with the government, Telecom Italia SpA kicked off a state-backed plan to create a single Italian broadband network through the separation of its landline grid, the former monopolist’s most valuable asset. Italy is racing to bridge the digital divide with European peers, and Prime Minister Giuseppe Conte has made telecommunications infrastructure one of the priorities ...

Bloomberg A.P. Moller-Maersk is planning a major overhaul of its organisation that is set to affect thousands of jobs at the world’s biggest container shipping company. Maersk said its Safmarine and Damco units will cease to exist as separate entities and instead be incorporated into the group. Borsen reported that the changes will affect about 3,400 jobs, which the company ...

Bloomberg Chicago faces a 2021 budget deficit of $1.2 billion as the coronavirus pandemic decimates the city’s revenue with businesses shut down due to social distancing while recent unrest hurt reopening efforts. Next year’s projected gap comes on top of a 2020 deficit of nearly $800 million for its corporate fund, which accounts for many of the services the city ...

Dubai / WAM Dubai Crown Prince and Chairman of the Executive Council of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has issued Executive Council Resolution No. (24) of 2020 on tourist camps in Dubai. The Resolution seeks to reinforce Dubai’s status as a global holiday destination, regulate the set up and operation of tourist camps and enhance ...

Bloomberg Oil rises above $43 a barrel in New York to its highest closing level since early March amid a broader rally in equities and as China’s economic recovery continued. West Texas Intermediate futures snapped a two-day drop, rising 1.4% as of 2:34 pm in Dubai, while Brent crude for November settlement climbed around the same amount to $46.47. Data ...