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VIENNA / WAM The Opec Fund for International Development (OFID), joined a group of more than 25 development finance institutions (DFIs) scaling up cooperation in response to Covid-19. The group committed to providing and mobilising billions of dollars of funding to support the private sector in delivering critical healthcare supplies, ensuring micro, small, and medium-sized businesses (SMBs) can access capital, ...

ABU DHABI / WAM The Higher Organising Committee of the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) announced that the 18th edition of the exhibition, which was scheduled for September 29 – October 3, will be rescheduled to September 2021, under the theme, ‘Sustainability and Heritage… A Reborn Aspiration’. The event will be organised by the Emirates Falconers’ Club ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, inspected the Emirates Field Hospital for Covid-19 patients in Mohamed bin Zayed City in Abu Dhabi, which has a capacity for 1,200 beds and is being run by 46 doctors and medics in addition ...

Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Federal Authority For Identity and Citizenship (ICA) Monday said foreign nationals holding valid residence visa can return to the UAE starting June 1. MoFAIC and ICA in a joint statement said the decision stems from the UAE’s keenness to enable those holding valid residence visas ...

ABU DHABI / WAM The Abu Dhabi Global Market (ADGM) is organising a series of webinars on the current business environment. ‘ADGM Webcast Series 2020’ will cover topics across the spectrum of organisational strategy in a rapidly changing landscape, according to a tweet by ADGM on Monday. The webinar will bring together leading industry experts to provide the businesspersons with ...

ABU DHABI / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) has said that it continues to carry out food shipment inspections at border-crossing points in Abu Dhabi. In a statement on Monday, the authority said inspection efforts are conducted for all food shipments imported to the emirate’s ports, as well as transit shipments. Adafsa noted that physical, ...

ABU DHABI / WAM UK-based travel service provider, dnata Travel Group, signed a partnership agreement with Etihad Airways to provide sales and service, ground product and brand marketing functions for Etihad Holidays in the UK. The collaboration seeks to increase Etihad Holidays’ distribution power in this market providing opportunities for greater engagement with UK travellers. The partnership formally commences in ...

Bloomberg US President Donald Trump threatened to withdraw altogether from the World Health Organisation (WHO), a move that would leave Chinese leader Xi Jinping as the most prominent voice leading the global fight against the coronavirus pandemic. In a four-page letter detailing his grievances with the WHO, Trump called on the group to “demonstrate independence from China,” renewing a complaint ...

Bloomberg Carnival Corp. was cut to junk by Moody’s Investors Service amid a prolonged suspension of the cruise company’s operations because of the Covid-19 pandemic. Moody’s assigned the company a Ba1 rating, the highest junk grade, and lowered its rating on Carnival’s senior unsecured notes by one notch to the same level. It said in a statement Monday that Carnival’s ...

Bloomberg Coronavirus-fractured supply chains are providing a wake-up call to British business and leaders with just seven months to go before Brexit triggers the biggest shakeup of trading relationships in a generation. Eighty-two percent of small- and medium-sized manufacturers say the pandemic has affected their supply chains. That’s according to a survey of more than 600 English firms by the ...