News

Bloomberg Singapore’s Finance Minister Heng Swee Keat delivered a fourth fiscal package of S$33 billion ($23 billion) to counter the economic fallout of the coronavirus, providing specific support to saving jobs. The latest measures will help businesses and workers affected by border closures and movement restrictions, Heng said in a Parliament session Tuesday. The steps will push this fiscal year’s ...

Bloomberg Oil traded near $33 a barrel as an escalating war of words between the US and China added to caution over the prospects for a global recovery in demand. China has warned that some in the US were pushing the countries towards a new Cold War, stoking concerns that deteriorating relations between Beijing and Washington could complicate the market’s ...

Bloomberg The Japanese government ended its nationwide state of emergency on Monday as cases tail off and announced a decision on funding for a new aid package to help a virus-battered economy. Prime Minister Shinzo Abe told a news conference on Monday that reviving the economy was now the top priority, and his government will decide on a second extra ...

ABU DHABI / WAM The UAE on Monday sent an aid plane carrying five metric tons of medical supplies to the Democratic Republic of Congo. The aid will assist approximately 5,000 medical professionals as they work to combat the coronavirus (Covid-19) pandemic. Commenting on the aid delivery, Hazza Mohammed Al Qahtani, UAE Ambassador to Rwanda, remarked, “The provision of aid ...

Bloomberg Germany will offer Deutsche Lufthansa AG a 9 billion-euro ($9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago. The aid package involves taking an initial 20% stake that could rise to 25% plus one share in the event of a hostile takeover, according to a statement on Monday. ...

ABU DHABI / WAM The Zakat Fund has offered aid valued at AED86.3 million to 5,109 eligible families since the start of 2020. The number of new cases reached 2,764 families affected by the coronavirus crisis, with 93.3 percent being eligible for Zakat. Abdullah bin Aqeedah Al Muhairi, Secretary-General of the Zakat Fund, said that the fund receives Zakat requests ...

SHARJAH / WAM Under the patronage of His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, Engineer Salah Bin Butti Al Muhairi, Adviser to the Sharjah Department of Town Planning and Survey, inaugurated the Khorfakkan Monument, designed to be a traditional Arabian Incense Burner Statue, to be a symbol of “Mabkhara” and built ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi has shared detailed guidelines with the emirate’s hotels in preparation for granting approvals to reopen the establishments’ restaurants, lounges, beaches, pools and gyms. Having closed due to health and safety precautionary measures imposed to contain the spread of the Covid-19 virus, hotels will now be able to ...

ABU DHABI / WAM In collaboration with the Department of Health Abu Dhabi, the Abu Dhabi Health Services Company (Seha), UAE’s largest healthcare network, has announced receiving more than 60,000 calls via the Estijaba hotline in March and April with enquiries, comments and appointment or screening requests related to Covid-19 since the outbreak of virus in the UAE. During this ...

ABU DHABI / WAM The UAE on Monday sent an aid plane carrying five metric tons of medical supplies to the Democratic Republic of Congo. The aid will assist approximately 5,000 medical professionals as they work to combat the Covid-19 pandemic. Commenting on the aid delivery, Hazza Mohammed Al Qahtani, UAE Ambassador to Rwanda, remarked, “The provision of aid today ...