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UAE welcomes Yemen’s donors conference hosted by Saudi Arabia

Abu Dhabi / WAM The United Arab Emirates has welcomed the Yemen’s Donors Conference scheduled to be held on June 2 in Saudi Arabia. The event will be held virtually under the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman. In a statement, the Ministry of Foreign ...

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Xposure 2020 awards opens its registration

SHARJAH / WAM Xposure International Photography Festival has announced opening registrations for the fifth edition of its annual ‘International Photography and Short Film Awards’ across a spectrum of genres and formats. Hosted by the Sharjah Government Media Bureau (SGMB) the 2020 edition of the Xposure international awards is now accepting entries online from photographers of all ages, backgrounds and experience ...

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UAE excels in addressing crises, exceptional circumstances

DUBAI / WAM Lt. General His Highness Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, on Tuesday said that the UAE excels in dealing with all crises and exceptional circumstances and has made positivity the basis of its developmental drive. “This achievement is attributed to the leadership of President His Highness Sheikh Khalifa bin Zayed ...

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Etihad harnesses CSR initiatives to help combat Covid-19

ABU DHABI / Emirates Business Etihad Airways, the national airline of the UAE, has amplified its corporate social responsibility (CSR) initiatives to support those affected by the novel coronavirus (Covid-19). The airline has highlighted the development of face shields for medical staff in a new video released on Tuesday to mark Zayed Humanitarian Day at: https://youtu.be/O1ZbHaQCjzw In an effort to ...

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ECI, Adex join hands to help UAE exporters overcome challenges

ABU DHABI / WAM Etihad Credit Insurance (ECI) and Abu Dhabi Exports Office (Adex) on Tuesday announced a strategic alliance to help UAE exporters overcome the most pressing challenges they face in the current economic climate. Adex and ECI will combine their highly complementary suite of financial and insurance products and services to bring to UAE businesses a full range ...

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India’s economy may contract 0.4% in 2021

Bloomberg Economists are forecasting the Indian economy to shrink 0.4% in the year to March as a result of steps to contain the coronavirus pandemic, according to the latest survey by Bloomberg News. The forecast has been slashed thrice since February and represents a sharp cut from the 1.7% expansion seen in April, according to the median of 19 economists ...

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China is exempting foreign executives from travel ban

Bloomberg China is allowing executives from some foreign companies to enter the country despite a coronavirus travel ban as it seeks to restart the economy, according to people familiar with the matter. The Ministry of Commerce told some key foreign companies they can apply for exemptions to the entry ban if they want to get executives back into China, the ...

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China steps up US soybean buying with big purchase

Bloomberg China is stepping up purchases of soybeans from the US as Brazilian sales start to wane and the Asian nation seeks to meet its pledges under the trade deal with Washington, according to people familiar with the matter. State-run buyers have purchased more than 20 cargoes, or over 1 million metric tons, of American soybeans in the past two ...

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Philippines to ease virus curbs to revive economy

Bloomberg The Philippines will keep the capital region that has the most coronavirus infections under a lockdown but it will allow some businesses to reopen in the area as it eases curbs in many parts of the country. President Rodrigo Duterte will put Metro Manila, Laguna province south of the capital and Cebu City in the Visayas under a modified ...

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Toyota warns profit to tumble 80% to nine-year low

Bloomberg Toyota Motor Corp warned profit will tumble 80% to a nine-year low and predicted it could take another year before global car sales return to pre-virus levels, the latest sign that expectations for a quick economic rebound are fading. Japan’s biggest automaker is targeting operating profit of 500 billion yen ($4.65 billion) for the year through March, the company ...

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