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DUBAI / WAM Dubai Economy’s Commercial Compliance and Consumer Protection (CCCP) division announced a decrease in the number of infringement complaints on rights to intellectual property (IP) it has received in the first quarter of this year, compared with last year. In a statement, Dubai Economy said only 95 IP rights complaints were registered in that period, a 34% decrease ...

ABU DHABI / WAM The Dubai Islamic Bank (DIB) donated AED16 million to Zakat Fund, whose projects this year are being carried out under the slogan, “Your Zakat Means Safety and Security.” Abdullah Aqeeda Al Muhairi, Secretary-General of the Zakat Fund, praised the bank for its donation, as well as for its positive humanitarian and charitable role in improving standards ...

ABU DHABI / WAM Louvre Abu Dhabi has announced the launch of an offering that will see the museum’s collections interpreted through the art of music. The partnership with anghami, the Mena region’s largest music streaming app, will see the curation of audio playlists with a bespoke selection of soundtracks that respond to different themes, moods and inspirations found in ...

Bloomberg India’s 21 trillion rupee ($277 billion) virus-relief package fell short of economists’ expectations, providing fiscal measures that will help improve growth over the years without delivering an immediate boost to an economy that desperately needs it. Analysts have been pouring over the details provided by Finance Minister Nirmala Sitharaman over the past five days, and the conclusion of many ...

Bloomberg German Finance Minister Olaf Scholz is planning a 57 billion-euro ($62 billion) aid package to help municipalities being hit by the economic fallout from the coronavirus pandemic, a person familiar with the matter said. The plan, which Scholz announced on Saturday without giving the size of the measures, would help local governments cover outstanding debt and tax shortfalls caused ...

Bloomberg Italy is set to open businesses, while Prime Minister Giuseppe Conte’s government decided to unblock the country’s national borders and allow citizens to move freely within country starting June 3. Italians will be allowed full free movement, according to a government decree published in the early hours of Saturday morning. The statement confirmed that some businesses will reopen May ...

Bloomberg France is at higher risk of a credit downgrade by Fitch after the outlook on the country’s AA rating was revised to negative. Fitch cited the substantial worsening in public finances and economic activity expected this year due to the pandemic. “The combination of much reduced economic activity due to containment measures introduced from March and government policies to ...

Bloomberg Tesla Inc. told employees it received approval to resume operations at its factory after Elon Musk threatened to move the company’s headquarters and future programs following a move by a California county to block the reopening. The company said Alameda County’s interim health officer had approved its Fremont work plan and safe measures, according to an email sent to ...

Bloomberg More than $8 trillion has been thrown at the Covid-19 crisis by governments around the globe and hundreds of billions more by central banks from Washington to Wellington. And that means investors are finding a swath of opportunities from investment-grade bonds to emerging-market equities. Looking where central banks themselves are buying, even if it’s been well flagged, still has ...

ABU DHABI / WAM The Abu Dhabi University (ADU) College of Engineering (COE) has rallied its engineering labs to join the fight against Covid-19, and by working closely with hospitals in Abu Dhabi produced over 1,000 clips required for face masks within just two days. Additionally, ADU has successfully developed its first prototype of a face shield to be provided ...