News

Bloomberg Wirecard AG will eliminate more than half of its staff, about 730 jobs, and make other “far-reaching cuts” to preserve cash as a Munich court opened insolvency proceedings against embattled German payments company. The court named lawyer Michael Jaffe to be permanent administrator in a statement. The current supervisory board will surrender its control of the company and may ...

Bloomberg British supermarkets will be banned from selling beef, soy and other key commodities sourced from illegally deforested land, under new government plans. Large businesses operating in the UK will have to show that commodities including soy, cocoa and palm oil, sourced in their supply chains complied with local environmental laws when being produced. Companies that fail to do so ...

Dubai / WAM Jebel Ali Free Zone (Jafza) recorded a total trade growth of 24 percent and an increase of 7 percent in its customer base year-on-year in 2019, reinforcing its status as a preferred destination for businesses related to food and agricultural commodities. The free zone has a dedicated food and agriculture cluster of 1.57 million square metres with ...

Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Vice-Chairman of Mubadala Investment Company, chaired a meeting of the executive committee of the company’s board, where several new multi-sectoral investment projects were approved. Held via videoconferencing, the meeting reviewed the progress of work of investment and projects as well ...

HADRAMAUT / WAM The number of beneficiaries in the second week of the mobile clinic project of the Emirates Red Crescent (ERC) in Al Ais, Hadramaut Governorate, where the closest hospital is 100 kilometres away, totalled 1,140. The ERC’s mobile clinic project, which is part of the UAE’s humanitarian, relief and health efforts in Yemen, supports needy and poor families, ...

Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum said that safety of students and teachers is top priority, adding that he is looking forward to a “safe start” to the school year for a million pupils across the country. “We look forward to a safe ...

Abu Dhabi / WAM Abdullah bin Touq Al Marri, Minister of Economy; Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, and Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, met with Khalid Jasim Al Midfa, Chairman of the Sharjah Commerce and Tourism Development Authority (SCTDA) to discuss areas of cooperation to support ...

Abu Dhabi / WAM Zayed University (ZU) is all set to implement a hybrid education model through the Fall 2020 semester at its campuses in Abu Dhabi and Dubai. The “hybrid” (or “blended”) education model enables teaching and learning to continue both online and partially on campus. The university commenced all classes online on August 24, and is set to ...

Abu Dhabi / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi announced that it has completed the first phase of offering free internet service project in public buses in the Emirate of Abu Dhabi. The first phase included 520 public buses in Abu Dhabi Emirate; 410 buses in Abu Dhabi City and ...

Dubai / WAM Enoc Group won the coveted 2020 Energy Management Insight Award by Clean Energy Ministerial, a global forum of 25 countries and the European Commission designed to promote sustainable policies and programmes to advance clean energy. Enoc Group was recognised for the implementation of ISO 50001, a global standard to better manage retail operations energy use from energy ...