News

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 ...

ABU DHABI / WAM Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) the world’s first graduate-level, research-based artificial intelligence (AI) university, and Virgin Hyperloop, the California-based category leader in hyperloop development, have signed a Memorandum of Understanding (MoU) to initiate a collaborative approach to research and innovation in the field of AI. In a virtual ceremony, the MoU was signed ...

Bloomberg Oil edged lower as the resurgence of the coronavirus in the US continued to dampen the prospects of a broader demand recovery. Futures in New York fell 1.3% towards $39 a barrel. With the coronavirus running rampant across southern and western America and many states pausing or reversing reopening measures, the outlook for energy demand in the world’s largest ...

ABU DHABI / WAM In 2019, the number of mosques and musallas in the UAE reached 9,083 and 163 respectively, according to statistics released by the Federal Competitiveness and Statistics Authority (FCSA). Mosques with a capacity of more than 100 worshippers accounted for 85 percent of the total number with 301 mosques each accommodating more than 1,000 worshippers. Figures also ...

Dubai / WAM DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, announced the signing of a Memorandum of Understanding (MoU) with the Guangzhou Diamond Exchange (GZDE) establishing a strategic partnership with one of China’s leading international diamond trading platforms and communities. The agreement strengthens bilateral ties between the UAE and China, ...

Abu Dhabi / WAM The UAE government announced that mosques, prayer spaces, and other places of worship will gradually reopen nationwide from July 1 and operate at 30 percent capacity. The development comes in coordination with relevant federal and local authorities who continue to take all considerations for precautionary and preventive measures. However, prayer spaces located on motorways, industrial areas, ...