News

Bloomberg Market manipulation is still on the rise in the UK even after a decade of crackdowns on schemes to rig foreign-exchange rates and other key benchmarks. And the coronavirus pandemic could make things worse. Reports of suspected market manipulation made to the Financial Conduct Authority have increased by 23% since 2017, with a sharp jump in 2018 followed by ...

Bloomberg Germany’s spring showers haven’t materialised this year, and that’s drying out the country’s most important river, prompting concerns that key industrial goods might have trouble making it to their destination. Typically one of the wettest months, Europe’s biggest economy has received just 5% of its normal April rainfall so far, according to Germany’s federal weather service. It’s on course ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed with David Beasley, Executive Director of UN World Food Programme, ways of accelerating coordination in getting assistance to those affected by Covid-19 pandemic. This came over a phone call His Highness Sheikh Mohamed ...

Bloomberg Volkswagen AG is rebooting plants, Airbus SE is up and running and UK builders will soon be erecting homes again as Europe starts returning to work after coronavirus shutdowns plunged the region into its worst economic slump in living memory. Factory doors are reopening after nations from Denmark to Germany began easing restrictions on public life, with Italy, France ...

SHARJAH / WAM The Sharjah Economic Development Department (SEDD) intensified its inspection campaigns of economic establishments during the Holy Month of Ramadan to protect consumers and ensure the provision of the finest services to citizens and residents in Sharjah. SEDD aims to guarantee that all economic establishments in Sharjah are committed to its rules and regulations. This is done by ...

SHARJAH / WAM Sharjah Islamic Bank (SIB) projected strong results despite the current situation, with net profits totaling AED153.7 million in the first quarter of 2020 compared to AED151.7 million in 2018, an estimated 1.3 percent increase. In a statement by the bank on Sunday, the balance sheet reflects the bank’s strong performance and sound financial position with total assets ...

Dubai / Emirates Business Emirates has ramped up its capability to process refunds, reaffirming its commitment to customers and travel trade partners impacted by travel disruptions caused by the Covid-19 pandemic. With nearly half a million refund requests pending to manage, the airline has taken proactive steps to restructure its backend procedures and boost resourcing to accelerate the processing of ...

HADRAMAUT / WAM A total of 360,000 Yemenis in Hadramaut, Shabwa, and Al Hodeidah have benefited from the Ramadan food parcels deployed by the Emirates Red Crescent under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the follow-up of HH Sheikh Hamdan ...

ABU DHABI / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, had separate virtual meetings with the ministers of culture in a number of countries to discuss the global fight against Covid-19. She spoke to Dr Bassem Al-Toisi, Minister of Culture in the Hashemite Kingdom of Jordan, Shafqat Mahmoud, Minister of Education and Culture in the ...

ABU DHABI / WAM Masdar and the Abdulla Al Ghurair Foundation for Education (AGFE) have signed a Memorandum of Understanding (MoU) to collaborate on using their respective youth platforms to advance the development of young people in the UAE. The objective of the MoU is to provide access to students engaged in Masdar’s Youth 4 Sustainability (Y4S) programmes to the ...