News

ABU DHABI / WAM First Abu Dhabi Bank (FAB) launched FAB eSign, a new portal that provides a secure, safe and legally valid way for clients to sign documents digitally. Initially available to clients of FAB’s Global Transaction Banking (GTB) division, FAB eSign allows authorised signers to digitally sign documents anywhere and anytime, the bank said in a statement on ...

New York / WAM The UAE reiterated its continued commitment to upholding the rights of children around the world and to the architecture established by the UN Security Council on children and armed conflict. In a written statement submitted to the UN Security Council for its annual open debate on children and armed conflict, the UAE stated, “The Covid-19 pandemic ...

Abu Dhabi / WAM The UAE on Wednesday sent an aid plane carrying 7 metric tons of medical supplies to Jubaland, Somalia to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 7,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Mohammed Ahmed Othman Al Hammadi, UAE Ambassador ...

DUBAI / WAM Dubai Chamber of Commerce and Industry has launched its Business Mentoring and Support (BMS) Programme – a CSR initiative designed to help small and medium-sized enterprises (SMEs) in Dubai steer new challenges posed by the Covid-19 pandemic. The programme will see SMEs in Dubai paired with large companies offering professional advice and resources tailored to unique needs, ...

Fujairah / WAM Inventories of oil products at the UAE’s East Coast port of Fujairah have climbed for the first time in three weeks, led by gains in gasoline and other light distillates. Total stockpiles were up 0.3 per cent on the week to 30.218 million barrels as of June 22, after setting a record high of 30.71 million barrels ...

ABU DHABI / WAM Khalifa Fund for Enterprise Development and the social media company Facebook have announced the relaunch of “She Means Business”, an entrepreneurial education programme for women. The programme will support and train 1,300 women entrepreneurs through a series of virtual training sessions, with the overarching aim of equipping participants with a versatile range of skills that will ...

Bloomberg The US is weighing new tariffs on $3.1 billion of exports from France, Germany, Spain and the UK, adding to an arsenal of measures the Trump administration is using against the European Union that could spiral into a wider transatlantic trade fight later this summer. The US Trade Representative wants to impose new tariffs on European exports, while increasing ...

Bloomberg British shopkeepers slowly emerging from three months of forced closure have a new problem on their hands: the rent is due. Third quarter rents on the country’s commercial properties are billed with about $3.1 billion owed by retailers alone, according to the British Property Federation. While mall landlords eventually got about half the rent owed for second quarter, government ...

Bloomberg Volkswagen AG is exploring an offer for Europcar Mobility Group, according to people familiar with the matter. Shares of the rental-car company soared. Volkswagen’s considerations are at an early stage, said the people, who asked to not be identified because the matter isn’t public. The carmaker could opt to not proceed with an offer, they said. Europcar shares rose ...

Bloomberg Facebook Inc. suffered a setback in a key challenge to its business model as Germany’s highest civil court said it has “no doubt” that the social network misuses its dominant market position. Judges at a hearing ruled that Facebook must comply with a strict order curbing the network’s leeway in tracking users’ browsing and smartphone apps even as it ...