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Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced on Tuesday that 40,000 additional Covid-19 tests had been conducted. In a statement, the ministry highlighted its aim to expand the scope of testing nationwide, to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As part of the intensified testing campaign, MoHAP detected ...

DUBAI / WAM Dubai Municipality’s Geographic Information Systems, GIS, Centre has launched “Dubai Here”, an electronic system that provides access to geospatial data and maps of the emirate. The new system features 2D and 3D maps of Dubai’s land plots, assets, landmarks, structures and infrastructure facilities, with details ranging from masterplans and interiors of buildings, including commercial and residential units, ...

Bloomberg Spain is weighing plans to significantly increase the size of its 100 billion-euro ($113 billion) loan-guarantee fund after the program attracted huge demand from businesses struggling to weather the coronavirus pandemic, according to people familiar with the matter. Officials are considering pledging as much as 50 billion euros in additional guarantees, one person said. Others said the ultimate size ...

Bloomberg German private-sector activity pointed to further signs of a turnaround from the virus slump, with output contracting in June by the least in four months. Both manufacturers and service providers saw a gauge for activity improve, even as production remained in decline overall. That suggests both sectors “were seemingly over the worst, but far from firing on all cylinders,” ...

Bloomberg Wirecard AG’s former chief executive officer was arrested by Munich prosecutors after $2.1 billion went missing from the digital-payment company, in a scandal that has rattled Germany’s financial industry. Markus Braun, who resigned last week, was arrested in Munich as part of a probe into the company’s accounting practices, prosecutors said. The company is fighting for survival after acknowledging ...

Bloomberg The French economy’s revival from the coronavirus lockdown appears stronger than anticipated, with a measure of private-sector activity showing growth for the first time in four months. IHS Markit’s Purchasing Managers Index jumped to 51.3 in June from 32.1 in May, beating economists’ expectations for 46.8. The individual gauges for both manufacturing and services also climbed above the 50 ...

Bloomberg The UK economy started to bounce back from the coronavirus this month as an early indicator of activity jumped. IHS Markit’s composite Purchasing Managers Index climbed to 47.6 from 30 in May. While that’s still below the critical 50 mark that separates expansion from contraction, the size of the monthly gain was the biggest since the survey began in ...

Bloomberg The World Trade Organisation (WTO) tempered its pessimism about the outlook for cross-border commerce, saying its worst-case scenario for this year will likely be avoided but warning governments against becoming complacent to lingering economic risks. The Geneva-based organisation estimated that global trade in merchandise dropped 3% in the first quarter and fell 18.5% in the second, according to a ...

Bloomberg Oil held near $42 a barrel in London as investors weighed signs of rebounding demand against a resurgence in new coronavirus cases. Opec and its allies are on track to rebalance the oil market and there are encouraging signs of recovery, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman told an Opec+ meeting last week. However, California reported record ...

ABU DHABI / WAM Abu Dhabi Pay launched through the Abu Dhabi Government (TAMM), the Abu Dhabi government services ecosystem is the latest unified digital payment platform for all government services in the emirate. The platform provides secure and standardised methods of digital payment for all government services across different channels, ensuring customer no longer need to visit government offices ...