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Bloomberg Quebec’s efforts to grow fruits and vegetables during freezing winter months have gained new urgency after the coronavirus pandemic exposed risks to supply chains around the world. The Canadian province touted a C$1.3 million ($930,000) investment in an engineering company that outfits farmers to produce strawberries in winter. Premier Francois Legault also called on people who have lost their ...

Dubai / Emirates Business The value of announced mergers and acquisitions (M&A) transactions with any Middle East and North Africa (Mena) involvement reached $14.8 billion during the first three months of 2020 according to report released by Refinitiv on Thursday. According to the report, the investment banking fees in Mena reached an estimated $188.8 million during the first quarter of ...

Bloomberg Oil was anchored near $20 a barrel as concerns over virus-led demand destruction outweighed an agreement by the world’s biggest producers to curb supply. US producer ConocoPhillips said it will cut output by 225,000 barrels a day in response to lower prices in Canada and the US Inventories from America to Europe and Singapore have all ballooned this week, ...

Bloomberg The European Central Bank (ECB) will do its bit to help the region’s economy cope with its worst crisis in decades, but more international cooperation is needed to overcome the pandemic, according to President Christine Lagarde. “The Governing Council is committed to doing everything necessary within its mandate to help the euro area through this crisis,” Lagarde told the ...

Abu Dhabi / WAM The net value of share investments by UAE citizens jumped to around AED2.4 billion at the end of the first half of April 2020, indicating the continuous flow of liquidity in the financial markets by this segment of investors. Studies on the behaviour of Emirati investors showed an increase in their net investments by 45.4 percent ...

Dubai / Emirates Business To help more Filipinos in the UAE get home, Emirates plans to operate three more flights from Dubai to Manila next week, on 20, 22 and 24 April. Flights can be booked on emirates.com or via travel agents. This follows the successful operation of two flights to Manila this week which have already brought many Filipino ...

Abu Dhabi / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi announced that 1,091,580 transactions were completed during the first quarter of 2020, including different services offered to individuals and public transport users to enhance the safety and security of the transport network in Abu Dhabi. During the first quarter, the public ...

DUBAI / WAM Dubai International Humanitarian City (IHC) has facilitated the distribution of over 85 percent of the World Health Organisation’s (WHO) ‘Global Medical Response in the Fight Against Covid-19’. In an interview with Euronews, Robert Blanchard, WHO Representative and Team Leader for Emergency Operations, spoke about the importance of the Dubai operations and the global distribution of supplies this ...

DUBAI / WAM Careem on Thursday announced the extension of its on-demand delivery service, ‘Careem Box’, to include the Abu Dhabi and Sharjah emirates. The service offers an option to request Careem to ‘pick and drop’ items or ‘shop and drop’, where drivers shop on behalf of the customer, for up to AED350. In a statement, Careem said, “The service ...

SHARJAH / WAM The Sharjah Roads and Transport Authority (SRTA) announced that truck movement is permitted on the emirate’s roads network during the day, except for roads that are permanently set as truck restricted. However, the Authority added that truck movement will halt from 20:00 until 06:00, as part of the National Disinfection Programme. SRTA began implementing the decision since ...