News

ABU DHABI / WAM The value of non-oil foreign merchandise trade through Abu Dhabi ports hit to AED37.1 billion in January and February, up 3.6 percent from AED35.8 billion during the comparable period last year, according to the figures released by Abu Dhabi Statistics Centre (SCAD). Imports increased by 12.5 percent from AED17.11 billion to AED19.25 billion during the reference ...

ABU DHABI / WAM The UAE  on Monday sent an aid plane containing five metric tons of medical supplies to Botswana to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 5,000 medical professionals as they work to combat the virus. To date, the UAE has provided more than 353 metric tons of aid ...

ABU DHABI / WAM The central bank of the UAE has revealed the country’s gross banking assets have risen to AED3.128 trillion ($851 billion) during the first quarter of 2020. The March gross banks’ assets total represents a year-on-year increase of 8.1 percent compared to March 2019 (AED2.894 trillion). Statistics issued by central bank highlighted an increase in the value ...

ABU DHABI / WAM In an ongoing effort to find innovative solutions to the challenges presented by the Covid-19 pandemic, Mubadala Healthcare has reached out to NYU Abu Dhabi (NYUAD) to utilise its 3D printing and Core Technology Platform capabilities to meet the growing demand for critical medical supplies. In a statement on Monday, Mubadala Healthcare said the aim of ...

Bloomberg Oil fell after a three-day rebound as a number of funds shifted away from near-term contracts, fearing a repeat of the meltdown last month that saw prices plunge below zero. Futures fell 8% towards $18 a barrel in New York as investors worried that a massive supply overhang while coronavirus shatters demand will send market tumbling again. The manager ...

ABU DHABI / WAM Abu Dhabi Health Services Company (Seha) announced the launch of the ‘I am Committed’ initiative in collaboration with 81 Designs, a UAE-based social enterprise. The programme aims to increase awareness of the government’s efforts to minimise the spread of coronavirus outbreak, encourage the community to adhere to the guidelines and get tested for Covid-19. As part ...

DUBAI / Emirates Business Emirates SkyCargo has announced that with effect from the first week of May, it has commenced dedicated cargo flights on a scheduled basis every week to 67 global destinations across six continents. This includes 11 destinations in the Middle East, seven in Africa, 22 in Asia, six in Australasia, 15 in Europe and six cities in ...

Dubai / Emirates Business Delivering on its “Customer First” strategy, Oman Insurance Company has launched the new cloud-hosted website www.omaninsurance.ae on market leading Sitecore Digital Experience Platform with a fresh interface, enhanced e-commerce features and a host of digital services. As organisations within the UAE and across the world face the new reality of remote operations, virtual access to systems ...

Dubai / Emirates Business Dubai Future Foundation (DFF) launched its latest report titled, ‘Life After Covid-19: Community’, that highlights the impact of social distancing on societies. Although crucial for slowing the spread of the novel coronavirus, social distancing has increased anxiety and mental health issues among individuals, and led to disruption in family dynamics as family members try to balance ...

ABU DHABI / Emirates Business Arkan Building Materials Co., a leading construction and building materials company in the UAE, on Monday announced its consolidated financial results for the three months to March 31. Net profit before sale of scrap assets for Q1 2020 almost doubled to AED 10.1 million, from AED 5.25 million in the same period in 2019 as ...