News

Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA) is working closely with hospitality partners and Government Authorities to safely welcome guests back to the emirate as restrictions are gradually eased, and hotel pools and beaches become accessible to visitors. To ensure the wellbeing and safety of visitors and employees, the authority is in ongoing dialogue ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced the organisation of a series of virtual conversations hosted and chaired by Chairman Mohamed Khalifa Al Mubarak. Starting from May 18, the Cultur-All conversations will feature distinguished participants from the region and around the world tackling important and relevant cultural topics. The sessions ...

HADRAMAUT / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC) is continuing its Ramadan Mir campaign in Yemen, upon the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Under this framework, the ERC distributed 1,000 food parcels weighing 42.8 tonnes ...

Bloomberg Lloyd’s of London, the world’s largest insurance exchange, estimates the industry will suffer around $203 billion in losses from the coronavirus pandemic this year. The projected losses include about $107 billion from underwriting claims, with the rest from insurers’ investment portfolios, Lloyd’s said in a statement. The claims costs are on a par with some of the most catastrophic ...

Bloomberg The British government’s call to restart the economy may have sounded good, but there’s little evidence the country is taking heed. In the week when Prime Minister Boris Johnson said it was time to get back to work, some parts of the economy are humming along. What’s less clear is whether his decision to ease lockdown restrictions made much ...

Bloomberg Italy is trying to prop up its battered economy with a second stimulus package worth 55 billion euros. It may not be enough. Prime Minister Giuseppe Conte’s government approved the much-delayed measures in a bid to reduce the economic impact of the coronavirus pandemic. The plan focuses on liquidity for businesses and aid to families hurt by over two ...

Bloomberg Not all of Elon Musk’s projects have been thwarted by the coronavirus pandemic. While the billionaire clashed this week with local officials over restarting production at a Tesla Inc. factory in California, his tunnel-drilling company hit a new milestone in Nevada. A giant drill called Godot Plus broke through a wall near the spot where it will connect to ...

NEW YORK / WAM The UAE has emphasised that multilateralism and international cooperation remain essential to resolving global challenges at a meeting of the UN Security Council on the 75th anniversary of the end of the Second World War in Europe and lessons learned for preventing future atrocities. “While we commemorate the end of the Second World War on European ...

Bloomberg Oil traded near a five-week high as investors weighed the nascent recovery of demand against concerns about a resurgence in coronavirus cases if lockdowns are relaxed too early. The head of the International Energy Agency (IEA) said oil use will be below pre-coronavirus levels for at least a year, highlighting the depth of the collapse in consumption. The top ...

ABU DHABI / WAM The value of Abu Dhabi’s foreign trade in pharmaceutical and pharmacist products during the first quarter of this year was AED799,708,774, distributed to imports at the value of AED589,064,123, exports at AED85,604,268, and re-exports at the value of AED125,040,383. In a statement by the General Administration of Customs on Wednesday, the total weight of Abu Dhabi’s ...