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Bloomberg Memorial Day marks the start of the prime season for theme parks. From now through Labour Day, they typically welcome the lion’s share of guests and generate most of their annual revenue. But the coronavirus pandemic has left Six Flags Entertainment Corp., Cedar Fair LP and SeaWorld Entertainment Inc., three of the world’s largest theme-park operators by attendance, with ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) said that the bonuses distributed to Emirati owners of Dubai taxi plates over the past 10 years under the orders of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai have exceeded AED1.5 billion. Mattar Mohammed Al Tayer, Director General ...

Bloomberg Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence. In the masterplan backed by President Xi Jinping himself, China will invest an estimated $1.4 trillion over six years to 2025, calling on urban governments and ...

LONDON / WAM Biopharmaceutical company, AstraZeneca, said on Thursday it had received the first agreements to supply at least 400 million doses of the Covid-19 vaccine it is developing with the University of Oxford, reported Reuters. The British drugmaker said it has a total capacity sourced for one billion doses through 2020 and into 2021, and continues to increase capacity ...

Bloomberg Oil was headed for its longest run of daily gains since February 2019 after a drop in US crude stockpiles added to signs that the market is starting to balance. West Texas Intermediate futures rose for a sixth day in New York to near $34 a barrel. American inventories fell for a second week, and there was a record ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) joined the Arab Coordination Group (ACG) Institutions’ $10 billion commitment to help developing countries respond to the Covid-19 pandemic and help their economic recovery. The support, agreed at a virtual ACG meeting, will initially focus on helping developing countries obtain the medical supplies and protective equipment they need. It will ...

DUBAI / Emirates Business Emirates has unveiled multi-faceted measures for employee and customer care at every step of the travel journey, redefining safety and hygiene standards on board and on the ground. The new measures took effect, with the resumption of regularly scheduled passenger flights to nine destinations. “Emirates is implementing a comprehensive set of measures at every step of ...

Abu Dhabi / WAM Abu Dhabi Waste Management Centre (Tadweer) announced the operation of three mobile medical waste incinerators in Abu Dhabi to support the precautionary measures taken by various healthcare entities to prevent the spread of novel coronavirus outbreak. The incinerators are operated at Al Mafraq Hospital and the recently launched field hospitals in Abu Dhabi including the field hospital ...

Abu Dhabi / WAM Mubadala Healthcare and Strata Manufacturing (Strata) – Mubadala’s composite aero-structures manufacturing company – are collaborating to manufacture essential medical supplies and support the fight against Covid-19, utilising additive manufacturing to produce intubation capsule, face shields and ear guards. The cooperation is part of Mubadala’s #WeAreDedicated campaign aimed at fostering collaboration across diverse enterprises and sectors to ...

ABU DHABI / WAM ZonesCorp announced the opening of a factory that produces liquefied carbon dioxide, which is widely used in several food and manufacturing industries. Launched by Al Ghaith Industries within the Industrial City of Abu Dhabi I (ICAD I), the new facility covers a total area of 100,000 square metres and has a total production capacity of 60 ...