AJMAN / WAM Dar Alber Society Ajman branch provided AED9,500,614, in financial assistance in 2019, which benefitted around 1,933 individuals, families. The distribution went to 902 destitute families for house rent payment, for paying school and university fees of 541 underprivileged students, for treatment costs of 136 patients, and for the payment of electricity bills of 42 families with limited ...
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Covid-19: UAE sends 13 tonnes of medical aid supplies to Kazakhstan
ABU DHABI / WAM A United Arab Emirates aid plane carrying approximately 13 tonnes of medical supplies was dispatched to Kazakhstan to assist the country in combating the Covid-19 pandemic, benefitting over 10,000 healthcare professionals. This initiative is part of the UAE’s commitment to cooperating with countries working to combat the Covid-19 outbreak in order to bolster global efforts to ...
Read More »AYC, UNDP to engage youth as drivers of development solutions
ABU DHABI / WAM The Arab Youth Centre (AYC) and the United Nations Development Programme (UNDP) announced on Wednesday that 11 youth delegates from the Arab region have commenced their roles as Youth Development Delegates to support countries across the region to achieve Sustainable Development Goals (SDGs). The Youth Delegates are the first cohort in a new initiative between the ...
Read More »US envoy praises UAE leadership for crisis management
ABU DHABI / WAM A top US diplomat has expressed his admiration to the UAE leadership for its effective crisis management and upholding the values of religious freedom. John Rakolta, the US Ambassador to the UAE, said, “In recent weeks, we have witnessed a tremendous change in how we move, how we work, how we live. We have seen populations ...
Read More »Fujairah fuel stocks for marine, power generation hit record
FUJAIRAH / WAM Fuel stockpiles used by shippers and for power generation jumped to a record high at the Port of Fujairah in the UAE, the strongest sign yet of dwindling storage space for oil products in the region as demand evaporates due to the coronavirus pandemic. Stockpiles of heavy distillates and residues, used by shippers and for power generation, ...
Read More »Panel suggests partial lifting of India lockdown
Bloomberg A panel of Indian government ministers advised Prime Minister Narendra Modi to partially lift the lockdown imposed on March 25 to control the spread of the coronavirus outbreak, people with knowledge of the matter said. Areas with large clusters of Covid-19 cases will remain closed, the people said, asking not to be identified as the discussions are private. The ...
Read More »Japan to fund firms to shift production out of China
Bloomberg Japan has earmarked $2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China as the coronavirus disrupts supply chains between the major trading partners. The extra budget, compiled to try to offset the devastating effects of the pandemic, includes 220 billion yen ($2 billion) for companies shifting production back to Japan and ...
Read More »Malaysia to give out face masks to households
Bloomberg Malaysia will hand out 24.62 million masks, four for each household, while advising people to only use them if they have symptoms, Defense Minister Ismail Sabri Yaakob said in a statement on Wednesday. The global stance on wearing masks has started to shift over the past few weeks. Neighbouring Indonesia ordered citizens to wear face masks when they leave ...
Read More »Hong Kong set for major new round of stimulus amid virus
Bloomberg The Hong Kong government is set to announce a fresh round of stimulus measures to shore up the crippled economy, with a local media report saying the total could exceed $12.9 billion. The aid package will mostly be dedicated to subsidising wages in sectors hit by closures and restrictions imposed to curb the deadly virus, according to the South ...
Read More »India’s TVS Motor targets UK’s classic Norton Motorcycles
Bloomberg India’s TVS Motor is among prospective bidders considering making an offer for Norton Motorcycles of UK, which went into administration in January, people with knowledge of the matter said. TVS has approached Norton’s administrators about a potential deal, according to the people, who asked not to be identified because the information is private. The British firm is being overseen ...
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