News

Bloomberg Global trade is on course to recover more quickly from the coronavirus pandemic than after the 2008 financial crisis, according to Germany’s Kiel Institute for the World Economy. Shipping volumes are already back at levels that took more than a year to reach following the collapse of Lehman Brothers Holdings Inc., hinting at a V-shaped recovery, the institution’s President ...

Abu Dhabi / WAM The Abu Dhabi Investment Office (ADIO) and Invest in Israel have opened discussions following a landmark meeting on Monday. The meeting took place virtually and set out a plan for establishing formal cooperation between the two organisations over the coming months. The organisations will explore mutually beneficial areas of collaboration to unlock investment and partnership opportunities ...

Abu Dhabi / WAM The UAE on Tuesday sent an aid plane carrying 5 metric tonnes of medical supplies and testing kits to Cambodia to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 5,000 medical professionals as they work to contain the virus. Commenting on aid delivery, Saif Abdullah Mohammed Al Shamsi, UAE ...

Dubai / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced an agreement with Emirates NBD to offer existing and new DMCC member companies the opportunity to spread out payments for DMCC services over multiple instalments using their credit cards at a 0% interest rate. The installment plan offers existing ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has valued the positive role played by the Palestinian community in the UAE’s development drive, reaffirming that the Emirates will continue to embrace and unswervingly support the Palestinians and their cause. This came in a speech delivered by HH Sheikh Abdullah ...

Abu Dhabi / WAM Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, has discussed with Constantinos Ioannou, Health Minister of Cyprus, ways of mutual collaboration in the health and medical fields. During a video call, both sides asserted the importance of enhancing global action to combat the repercussions of the Covid-19 pandemic. Al Owais affirmed ...

Sharjah / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) Sharjah, explored potential ways of strengthening cooperation between Sharjah and the Indian capital, New Delhi, in healthcare, food security and information technology in the post-Covid world, during a recent meeting with Dr Aman Puri, Indian Consul General in Dubai. The meeting, hosted by DGR, was ...

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 ...