Abu Dhabi / WAM Ataya, since its launch in 2012, has become a hallmark in the field of social and humanitarian work in the UAE and the world, making tangible differences in the lives of many. Now in its 10th year, Ataya, meaning ‘giving’ in Arabic, will be held as an online shopping destination during the Holy Month of Ramadan ...
Read More »Uncategorized
5,944 commercial agencies registered in UAE markets
ABU DHABI / WAM The Ministry of Economy (MoE) revealed that the total number of commercial agencies registered in the UAE markets across various sectors reached 5,944 by the end of last year. In addition to the 348 new agencies registered during 2020, 65 new agencies were registered during the first quarter of this year. The ministry emphasised that it ...
Read More »UAE reports 473,398 total recoveries from Covid-19
Abu Dhabi / WAM The Ministry of Health and Prevention, MoHAP, announced that it conducted 256,181 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Wednesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...
Read More »China says Biden-backed visit raises tensions over Taiwan
Bloomberg China criticised the US for sending a group of former officials to Taiwan, saying the move will only add to mounting tensions. Two former deputy secretaries of state, Richard Armitage and James Steinberg, and former Senator Christopher Dodd arrived in Taipei on Wednesday as part of a White House delegation marking the 42nd anniversary of the Taiwan Relations Act, ...
Read More »US budget gap hits record $1.7trn for first half of year
Bloomberg The US federal budget deficit more than doubled to a record in the first half of the fiscal year amid a fresh wave of stimulus payments to cushion Americans from the persistent coronavirus pandemic. The deficit last month was $659.6 billion, the third-largest on record and biggest since last June, swelling the total from October to March to $1.71 ...
Read More »EU all set to lay out $1trn debt plan to challenge Treasuries
Bloomberg The European Union (EU) is set to lay out its blueprint to raise nearly $1 trillion of debt over five years as it seeks to fund its recovery from coronavirus pandemic. The bloc is aiming to issue the first debt under its NextGenerationEU stimulus in June and will use a “state of the art†platform to begin selling bonds ...
Read More »French economy weathers April lockdown better than last year’s
Bloomberg The French economy is slowing only slightly in April due to the tightening of Covid-19 restrictions, easing concerns that school closures would cause a deeper contraction. The Bank of France said activity will decline to 7% below pre-crisis levels in April after President Emmanuel Macron imposed stricter travel restrictions and ordered schools and nurseries to close. The hit to ...
Read More »UK economy rebounds as end of lockdown nears
Bloomberg The UK economy rebounded in February as a mass vaccination program and the prospect of a loosening of coronavirus restrictions lifted consumer confidence. Gross domestic product rises 0.4% following a revised 2.2% decline in January, the Office for National Statistics said. All the main sectors of the economy saw output rise. The economy remains 7.8% smaller than it was ...
Read More »Emirates NBD’s E20. collaborate with MoniMove to support SMEs
Dubai / WAM Emirates NBD has announced it is partnering with award winning fintech platform MoniMove to complement the bank’s E20. digital business bank initiative that aims to empower entrepreneurs, startups, SMEs and other businesses in the UAE. The partnership is aligned to Emirates NBD’s digital strategy as the bank continues to lead innovation in digital banking in the region ...
Read More »Dubai charity donates AED 20 million to ‘100 Million Meals’ campaign
Dubai / WAM The Mohammed Bin Rashid Al Maktoum Humanitarian and Charity Establishment (MBRCH) announced on Tuesday a donation of AED20 million to the ‘100 Million Meals’ campaign to provide food parcels for disadvantaged individuals and families across 20 countries in the Middle East, Asia, and Africa during the Holy Month of Ramadan. His Highness Sheikh Mohammed bin Rashid Al ...
Read More »