News

Bloomberg When coronavirus outbreaks forced shutdowns at America’s giant meat plants, it quickly created a bottleneck: Farmers had nowhere to sell their animals, while consumers faced shortages and surging prices. New, smaller slaughterhouses could be the antidote to industry concentration, but it’s no quick fix. Opening a slaughterhouse has plenty of hurdles. The facilities — where animals are killed, butchered ...

Bloomberg Oil extended declines after swelling US crude stockpiles and a surge in coronavirus cases across the nation raised concerns about demand in the world’s largest economy. Futures in New York slipped 2.3% towards $37 a barrel, after the biggest fall in almost two weeks in the previous session. The fear of new lockdowns sent US gasoline futures tumbling by ...

Bloomberg India plans to impose stringent quality control measures and higher tariffs on imports from China, people with the knowledge of the matter said, as a military standoff between the neighbours threaten economic ties. The state-run Bureau of Indian Standards is finalising tougher norms for at least 370 products to ensure items that can be locally produced aren’t imported, the ...

BUCHAREST / WAM The UAE Ambassador to Romania, Dr Ahmed Abdullah Saeed Al Matroushi, has met with Romanian State Secretary for Global Affairs and Diplomatic Strategies at the Ministry of Foreign Affairs, Cornel Feruta, and discussed enhancing relations between the two countries. During the meeting, which was held at the ministry’s premises in Bucharest, the two sides explored means of ...

ABU DHABI / WAM The United Arab Emirates announced the completion of the National Disinfection Programme. Dr Saif Dhaheri, the Spokesperson of the National Emergency Crisis and Disaster Management Authority announced the completion of the National Disinfection Programme nationwide. “Children below 12 in age are now allowed to enter commercial centres and restaurants across the emirates,” he said. However, public ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has stressed that the UAE’s world-class infrastructure, robust economy, and resilience in the face of challenges give it the ability to rapidly achieve its strategic goals and aspirations for progress and prosperity. His Highness Sheikh Mohammed bin ...

Dubai / WAM Despite the decline in greenfield foreign direct investment (FDI) globally at the beginning of 2020 due to the challenges posed by the Covid-19 pandemic, Dubai has maintained its leading position among the top three global FDI destinations during the first five months of the year, according to Financial Times fDi Markets data. “Dubai ranked second globally in ...

ABU DHABI / WAM The UAE on Thursday sent an aid plane carrying 10.5 metric tons of medical supplies to Iraq to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 10,500 medical professionals as they work to contain the virus. Commenting on the aid delivery, Mohamad Saleh Altenaiji, Charge d’affaires of the UAE ...

RAS AL KHAIMAH / WAM American University of Ras Al Khaimah (Aurak) is planning to introduce four new academic programmes. These comprise a Bachelor of Science in Artificial Intelligence and Data Science, a Bachelor of Arts in Interior Design, a Master of Science in Infrastructure Engineering, and a Master of Science in Sustainable and Renewable Energy. “We’re bringing out new ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has launched smart platforms for public bus drivers as part of an effort to automate drivers’ services, maximise their happiness, and encourage them to deliver better services to customers. “These platforms are smart devices programmed in several languages and directly linked to the Customer Relations Management system. Through these platforms, which ...