News

AJMAN / WAM Ajman Tourism Development Department (ATDD) announced the launch of Ajman Half Marathon, which provides the opportunity to participate in 10 km or half marathon 21.1 km, and aims to attract 500 participants from all levels. This initiative comes in line with ATDD efforts to promote community sports, encourage a healthy and active lifestyle, and provide virtual alternatives ...

RAS AL KHAIMAH / WAM A ground station that will track and communicate with a satellite built by American University of Ras Al Khaimah (Aurak) students has opened on the University’s campus. The ground station is capable of communicating with satellites in orbit by sending commands and receiving telemetry, images and science data back from them. The satellite project is ...

Bloomberg German unemployment surged in June as one of country’s leading economic research institutes warned of a slower-than-expected economic recovery from the coronavirus pandemic. Another sharp gain last month has taken the number of job losses in the second quarter to 678,000 and the total to just below 3 million, a threshold not broken since 2011. Yet more redundancies were ...

Bloomberg Hedge funds that bought credit insurance on Wirecard AG debt are among those in line for a windfall of as much as $212 million after the disgraced German payments company filed for insolvency last week. A committee of traders ruled that Wirecard has gone through a so-called bankruptcy credit event, triggering payouts to holders of credit-default swaps. These contracts ...

Bloomberg Factories across the euro area recorded a stronger performance than initially reported in June, with consumer-goods producers growing again. But despite countries easing restrictions and life slowly returning to normal, output continued to contract and demand — especially among exporters — remained weak. In a sign that the pandemic has been inflicting lasting damage on the economy, all of ...

Bloomberg As the Eiffel Tower gradually reopens from an extended shutdown, an essential segment of the summer tourist trade will be missing: Americans touching down in Paris on lucrative trans-Atlantic flights. Voyagers from New York, Houston or Los Angeles will have to hold off on their overseas vacations after European Union governments extended a travel ban from Wednesday, deeming the ...

Bloomberg French car sales rose for the first time this year, sending a strong signal that government incentives are helping the sector claw back from a deep slump triggered by the coronavirus. Passenger car registrations increased by 1.2% to 233,818 in June compared with same month last year, according to figures published by industry group CCFA. It was the first ...

Abu Dhabi / WAM Khalifa Fund for Enterprise Development, the independent, non-profit development entity mandated by Abu Dhabi Government to support small and medium enterprises (SMEs) have revealed its achievements for year-end 2019. A fundamental pillar of Khalifa Fund is to support the growth of the entrepreneurial ecosystem in the UAE by providing funding for startups and SMEs through strategic ...

DUBAI / WAM Aramex on Tuesday announced that it has partnered with Mubadala Healthcare, a unit of Mubadala, to distribute door-to-door critical medical supplies to patients across the UAE. Under the agreement, Aramex will collaborate with participating hospitals under Mubadala’s Healthcare portfolio including Imperial College London Diabetes Centre, Healthpoint and Cleveland Clinic Abu Dhabi for next day delivery of over-the-counter ...

ABU DHABI / WAM The Ministry of Infrastructure Development launched three federal projects in Dubai and Sharjah costing AED295 million, which are expected to be completed in Q4 of 2021. Moneera Abdulkareem, Director of the Southern Region at the ministry, said that the ministry is currently overseeing the construction of the “Lesaily School Project” in Dubai, which is expected to ...