News

ABU DHABI / Emirates Business Following a directive from the National Emergency Crisis and Disaster Management Authority, and the General Civil Aviation Authority (GCAA), to contain the spread of the Covid-19 novel coronavirus, Etihad Airways temporarily suspended flight operations for an initial 14 days as of March 24. To support passengers with impacted travel, Etihad Airways has updated its Etihad ...

Sharjah / WAM In response to the UAE’s schools rolling out distance learning programmes as directed by the UAE Ministry of Education, The Big Heart Foundation (TBHF) a Sharjah-based global humanitarian organisation dedicated to helping refugees and people in need worldwide, has announced the contribution of AED300,000 to the Al Ahliya Private schools to support distance learning for Sharjah students ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, spoke over the phone with Indonesian President Joko Widodo and discussed the latest regional and global developments as well as bilateral and multilateral efforts being taken to contain the impact of the coronavirus (Covid-19) ...

DUBAI / WAM Khalfan Juma Belhoul, CEO of the Dubai Future Foundation (DFF) emphasised the Foundation’s role, now more than ever, in leveraging on its initiatives, partnerships and in-house talents in order to find innovative and effective solutions that support the UAE’s efforts to mitigate the spread of Covid-19. Dubai Future Foundation is acting in line with the directives of ...

ABU DHABI / WAM The Federal Authority For Government Human Resources (FAHR) will activate the Remote Work System for all ministries, authorities, and federal institutions, effective from Sunday (March 29] for a renewable period of two weeks. According to the decision, which will be subject to revision and reassessment, a maximum of 30 percent of the workforce of each entity ...

DUBAI / WAM In support of “Stay Home” initiative, the Telecommunications Regulatory Authority (TRA) in the UAE issued a circular to the telecommunications companies to put on hold the suspension and disconnection of mobile services due to the expiry of the supporting documents and the Emirates ID. Accordingly, mobile service of subscribers with expired ID documents will not be disconnected ...

Bloomberg A Chinese maker of medicines and health supplements that recently added surgical masks and other “anti-epidemic” products to its portfolio launched a Hong Kong initial public offering on March 26. Tycoon Group Holdings Ltd is touting itself as a “top anti-epidemic pick” as it seeks to raise about HK$400 million ($52 million), according to Soochow Securities Co, one of ...

Bloomberg Japan’s government slashed its assessment of the economy, downgrading a range of components hit by the coronavirus pandemic as schools were shut, factory production lines halted and the Olympics postponed. In its monthly report for March, the Cabinet Office cut its view of the economy, characterising it as in a “severe situation” and “extremely depressed” by the virus outbreak. ...

Bloomberg The lockdown that has gripped the original epicenter of the coronavirus for more than two months is finally set to end, spurring investors into action as they gauge which companies will benefit most. The resumption of movement in and out of Wuhan, scheduled for April 8, may serve as a template for markets the world over that have been ...

Bloomberg China’s top leaders pledged to widen the fiscal deficit and sell sovereign debt, signalling that Beijing is preparing larger-scale stimulus to counter the economic fallout from the coronavirus. China will increase its fiscal deficit as a share of gross domestic product, issue special sovereign debt and allow local governments to sell more infrastructure bonds as part of a package ...