News

Bloomberg The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war that brought the energy industry to its knees. After a week-long marathon of bilateral calls and video conferences of ministers from the Opec+ alliance and the Group of 20 nations, an agreement ...

WAM / Agencies The United Arab Emirates has welcomed the appointment of Mustafa al-Kadhimi by Iraqi President Barham Salih to form a new Iraqi government, expressing its hope that such a move will realise the aspirations of the Iraqi people for security, stability, and continued development. In a statement, UAE Ministry of Foreign Affairs and International Cooperation said that the ...

Bloomberg The contraction in China’s foreign trade is set to continue through the second quarter, as global demand remains depressed by measures to curb the ongoing coronavirus outbreak. Both exports and imports are forecast to have slumped 10% or more in March, with data due on Tuesday expected to show a continuation of the declines seen in the first two ...

Bloomberg There are 70 coronavirus vaccines in development globally, with three candidates already being tested in human trials, according to the World Health Organisation, as drugmakers race to find a cure for the deadly pathogen. The furthest along in the clinical process is an experimental vaccine developed by Hong Kong-listed CanSino Biologics Inc. and Beijing Institute of Biotechnology, which is ...

DUBAI / WAM Emirates is planning to operate passenger services to Jakarta, Manila Taipei, Chicago, Tunis, Algeria, and Kabul in addition to the already commenced operation to London and Frankfurt. These services will facilitate residents and visitors wishing to return home. Only citizens of the destination country and those who meet the entry requirements will be allowed to board. Passengers ...

Dubai /Emirates Business Emirates is planning to operate passenger services to Jakarta, Manila Taipei, Chicago, Tunis, Algeria, and Kabul in addition to the already commenced operation to London and Frankfurt. These services will facilitate residents and visitors wishing to return home. Passengers will be able to book directly on emirates.com or via their travel agent. Only citizens of the destination ...

Abu Dhabi / WAM UAE-based AgTech company, Madar Farms partnered with the Abu Dhabi Investment Office (ADIO) to support the operation of the world’s first commercial-scale indoor tomato farm using only LED lights and a new research facility to help in accelerating the AgTech industry in the UAE and the region. The investment is part of ADIO’s AED1 billion AgTech ...

DUBAI / WAM Imdaad on Monday announced the launch of its new disinfection tunnel, ‘ViroSheild by Vision Safety’, to help create cleaner and safer communities and businesses. The Dubai-based group of companies that provide integrated facilities management services said in a statement that the fully automatic tunnel, which is equipped with motion sensors, sprays users with a mist that disinfects ...

Dubai / WAM The RTA’s Dubai Taxi Corporation (DTC) began remotely training taxi drivers using sophisticated technologies to ensure the continuity of training and the delivery of services par excellence, given the prevailing health conditions. “DTC has enhanced the remote training system by introducing the Tamkeen (empowerment) system to deliver a variety of training programmes to drivers. Training materials provided ...

Dubai / Emirates Business The world’s largest annual airport industry B2B platform has been rescheduled to take place from October 26-28 at Dubai World Trade Centre (DWTC) where it was scheduled earlier for June. The new dates reflect the aviation industry’s confidence of normalcy returning to global markets by then and the lifting of extensive travel restrictions around the world ...