Uncategorized

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 ...

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 ...

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 ...

Bloomberg Nissan Motor Co’s priority is to conserve cash while making better use of its assets instead of selling them, Chief Operating Officer Ashwani Gupta said, as the struggling carmaker confronts an existential challenge from the pandemic that’s upended the global economy. The shift in strategy offers an early indication of a recovery plan that will be unveiled next month, ...

Bloomberg The International Monetary Fund (IMF) may launch a new program to help address the global shortage of dollars, providing a backup to the Federal Reserve’s campaign to keep greenbacks flowing around the world economy. IMF Managing Director Kristalina Georgieva is preparing to offer short-term dollar loans to countries that lack enough Treasuries to participate in a Fed program that ...

Bloomberg Germany’s economy will likely shrink this quarter at more than twice the pace recorded at the height of the financial crisis, according to the country’s leading research institutes. Output is predicted to slump 9.8% in April-June period, the most since records for quarterly data began in 1970. The economy is set to contract 4.2% over the course of this ...

Bloomberg Italy is advancing plans to gradually lift restrictions to contain the coronavirus as Europe’s exit from stringent lockdown measures takes shape. Amid tense discussions weighing political and economic pressures against public-health concerns, Prime Minister Giuseppe Conte’s government is hammering out an approach that foresees the full return to normal life taking months, according to people directly involved in the ...

Sharjah / Emirates Business The Emirates Publishers Association (EPA) has announced several initiatives, which aim to support the local publishing industry to overcome the current challenges facing the sector posed by the novel coronavirus disease (Covid-19) pandemic, and offer them the required impetus to continue production of quality content. The announcement was made during EPA’s fifth board meeting, conducted remotely, ...

ABU DHABI / WAM Aldar Properties announced on Tuesday that it will cut 20 percent of school fees and a refund of all payments made towards catering and transport expenses for the third term of the current academic year, to all students enrolled in Aldar Academies and Cranleigh Abu Dhabi. Aldar will also launch ‘All In This Together’ fund to ...

ABU DHABI / WAM People living in Abu Dhabi Emirate have started getting medicines delivered at their homes from pharmacies thanks to a new initiative by the Department of Health – Abu Dhabi, the regulator of the healthcare sector in the emirate. Most of the outpatient pharmacies in the emirate have the approval to offer this service, the DoH — ...