News

ABU DHABI / WAM Adnoc Distribution on Sunday announced the opening of four new ‘Adnoc On the Go’ neighbourhood service stations in Abu Dhabi, bringing fuel and retail closer to its customers in communities where traditional stations would be impractical. The “next-generation stations” allow customers to shop at Adnoc Oasis convenience stores from the comfort of their own vehicles by ...

Bloomberg Governments have devoted more than $85 billion to propping up airlines after the coronavirus pandemic wiped out travel demand and grounded jetliner fleets. But with job cuts racking up, a debate is raging over whether opening the spigot will do more than merely delay the inevitable. Global air traffic may only get back to 50% to 60% of usual ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez), organised its ‘Customers Come First’ webinar, one of Rakez digital events that intended to provide valuable information and platform for discussions between Rakez and its clients during social distancing times. Presented by Ryanne Van Der Eijk, Rakez Chief Customer Experience Officer, the webinar walked SME and industrial clients through ...

ABU DHABI / WAM HH Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, and Chairman of the Abu Dhabi Executive Office, inaugurated the Single Window of Logistics & Trade in Abu Dhabi during a visit to Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports. HH Sheikh Khalid bin Mohamed ...

ABU DHABI / WAM The United Arab Emirates on Sunday sent an aid plane containing six metric tons of medical supplies to Niger to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 6,000 medical professionals as they work to combat the virus. Commenting on the aid delivery, Amer Al Menhali, Charge d’Affaires of ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Economic Zone (Rakez) has organised its ‘Customers Come First’ webinar, one of the RAKEZ digital events that are intended to provide valuable information and platform for discussions between the Rakez and its clients during social distancing times. Presented by Ryanne Van Der Eijk, Rakez Chief Customer Experience Officer, the webinar walked ...

ABU DHABI / WAM Agthia Group on Sunday announced its financial results for the first quarter of 2020, registering total revenues of AED571 million, a 12 percent year-on-year growth compared to the same period in 2019. In a statement on Sunday, Agthia registerd net profits of AED27 million as of March 31. The group’s agri-business recorded AED273 million in revenues, ...

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA) allocated additional exemption packages and incentives to the business sector, in line with Dubai’s government decision to gradually open a number of economic sectors, shopping centers and commercial stores. This step is a continuation to the previous relief packages implemented by DSO which were well-received by partners and stakeholders. The new ...

Dubai / WAM DP World Dakar has kept trade flowing in the fight against the spread of Covid-19 in Senegal, working to make certain that vital goods such as food and medical supplies can get through, while ensuring strict health and safety measures are in place to protect employees. In a statement, DP World explained some of the working mechanisms ...

Bloomberg Italian debt is once again the must-watch bellwether for growing tensions within the euro-area. Global investors have lasered in on the nation’s bonds because, while they feature tempting yields, the government’s relatively weak finances add to the shared risk across the region. UniCredit SpA estimates foreign asset managers and hedge funds’ exposure to Italian government bonds may be around ...