News

ABU DHABI / WAM In keeping with the spirit of giving, generosity and reflecting the true values of social cohesion and unity in the Abu Dhabi community, Ma’an’s ‘Together We Are Good’ programme has benefited more than 350,000 people in the Emirate of Abu Dhabi during the Holy Month of Ramadan. The Authority of Social Contribution, Ma’an, has received millions ...

ABU DHABI / WAM Zakat Fund announced that it has transferred AED47.9 million in zakat money for April and May. Abdullah Bin Oqeedah Almuhairi, Zakat Fund Secretary-General, stated that 10,903 eligible families benefitted from zakat money. Funds disbursed for the two months accounted for 55 percent of total disbursements paid since the start of the year, he noted. Zakat Fund’s ...

DUBAI / WAM Dubai Customs has announced the official working hours at its customs centres during the Eid Al Fitr holiday, to help individuals and companies clear their goods without any delay. Air customs centres at Dubai Cargo Village, Dubai Airport Free Zone- gate number (5), Al Maktoum Airport Cargo Centre, and inspection section at Dubai Multi Commodities Centre will ...

Abu Dhabi / Emirates Business The UAE company “R Med Medical Supplies”, based in Abu Dhabi, announced that it has registered as intellectual property the SterixGate product – a unique disinfecting gate to cope with the accelerating Covid-19 pandemic worldwide, and stop the spread of the virus in public areas and high footfall destinations, according to IP-certificate No. EC-1-002799 issued ...

SHARJAH / WAM The Sharjah Electricity and Water Authority (Sewa) revealed the increase in number of water samples examined in the laboratory of water desalination plants was 3,000 from the beginning of the current year until the end of April 2020. In the previous year, Sewa examined 8,420 water samples, intending to provide high-quality drinking water, in line with the ...

SHARJAH / WAM The Sharjah Virtual Reading Festival 2020 (SVRF 2020) has been postponed to the third quarter, organiser, Sharjah Book Authority (SBA) has announced. The 10-day cultural festival was originally slated for a May 27 opening. SVRF 2020 has been postponed as its current dates coincide with the upcoming school examination schedule in the UAE and other countries. Targeting ...

Bloomberg Italy’s record bond sale this week has cast a light on the price tag of the country’s political tension with the European Union (EU). The government’s decision on financing its pandemic costs will saddle taxpayers with 1.6 billion euros ($1.8 billion) of interest expense over the five-year life of the security. That’s 1.5 billion euros more than if Rome ...

Bloomberg Economists at JPMorgan Chase & Co. see the US recovery from the coronavirus pandemic going even more slowly than previously thought, downgrading their forecast for 2021 growth and projecting an unemployment rate of at least 10% through next year’s first quarter. The lockdowns of state economies to combat the spread of the coronavirus will translate into an unprecedented 40% ...

Bloomberg Argentina will improve the terms of its offer to restructure $65 billion of overseas bonds after the country defaulted on interest payments. Economy Minister Martin Guzman didn’t give any details on his plans in an interview at his office, but said discussions with creditor groups continue. The latest proposals from bondholders have shrunk the gap between the parties’ positions, ...

Bloomberg Organisers of the New York auto show who had postponed the event to August are now calling it off for this year. “Because of the uncertainty caused by the virus, we feel it would not be prudent to continue with the 2020 show,” Mark Schienberg, president of the Greater New York Automobile Dealers Association, said in a statement. The ...