News

Bloomberg Volkswagen AG is starting a sales initiative to revive demand in its domestic German market as consumer uncertainty across Europe’s largest economy risks choking off factory restarts. The world’s biggest carmarker will offer improved leasing and financing terms and payment-protection insurance in case buyers lose their jobs, VW’s passenger-car division said on Monday in a statement. The program for ...

Bloomberg In the middle of a spat between Europe’s top courts over the limits of European Central Bank (ECB) monetary stimulus, President Christine Lagarde is probably preparing to do even more. A lawyer herself, Lagarde says her institution is “undeterred” by a legal tussle over its 2.7 trillion-euro ($2.9 trillion) asset-purchase program, and will do what’s needed to carry the ...

ROME / WAM David Beasley, Executive Director of the UN World Food Programme (WFP) has expressed his gratitude to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for his relentless efforts to fight disease and hunger across the world. ”Thanks to my good friend @MohamedBinZayed….. . ...

Dubai / Emirates Business The Emirates Group on Sunday announced its 32nd consecutive year of profit, against a drop in revenue mainly attributed to reduced operations during the planned DXB runway closure in the first quarter, and the impact of flight and travel restrictions due to the Covid-19 pandemic in the fourth quarter. Released in its 2019-20 annual report, the ...

ABU DHABI / WAM Two organisations from the UAE and Saudi Arabia have joined forces to launch a media project in support of People of Determination on social media platforms. The Zayed Higher Organisation for People of Determination and the King Salman Centre for Disability Research on Sunday announced the campaign, ‘To Be Closer to You’, aims to activate dialogue between ...

ABU DHABI / WAM Adnoc Distribution on Sunday announced the opening of four new ‘Adnoc On the Go’ neighbourhood service stations in Abu Dhabi, bringing fuel and retail closer to its customers in communities where traditional stations would be impractical. The “next-generation stations” allow customers to shop at Adnoc Oasis convenience stores from the comfort of their own vehicles by ...

Bloomberg Governments have devoted more than $85 billion to propping up airlines after the coronavirus pandemic wiped out travel demand and grounded jetliner fleets. But with job cuts racking up, a debate is raging over whether opening the spigot will do more than merely delay the inevitable. Global air traffic may only get back to 50% to 60% of usual ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez), organised its ‘Customers Come First’ webinar, one of Rakez digital events that intended to provide valuable information and platform for discussions between Rakez and its clients during social distancing times. Presented by Ryanne Van Der Eijk, Rakez Chief Customer Experience Officer, the webinar walked SME and industrial clients through ...

ABU DHABI / WAM HH Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, and Chairman of the Abu Dhabi Executive Office, inaugurated the Single Window of Logistics & Trade in Abu Dhabi during a visit to Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports. HH Sheikh Khalid bin Mohamed ...

ABU DHABI / WAM The United Arab Emirates on Sunday sent an aid plane containing six metric tons of medical supplies to Niger to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 6,000 medical professionals as they work to combat the virus. Commenting on the aid delivery, Amer Al Menhali, Charge d’Affaires of ...