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Dubai / Emirates Business Mohammed bin Rashid School of Government (MBRSG) has signed a Memorandum of Understanding (MoU) with Dubai Health Authority (DHA) to enhance academic cooperation and the exchange of knowledge with regards to policies, strategies, and management consulting. The agreement also seeks to train employees, hone their skills, develop research and studies, and organise discussion panels and workshops. ...

Bloomberg Indonesia unveiled an emergency fiscal stimulus plan worth 22.92 trillion rupiah ($1.55 billion) as it seeks to protect Southeast Asia’s largest economy from the coronavirus crisis. The package which includes a raft of tax breaks, would help push the budget deficit to 2.5% of Gross Domestic Product (GDP), from an initial target of 1.76%, Finance Minister Sri Mulyani Indrawati ...

Bloomberg A monthlong lockdown in the Philippine capital to contain the spread of coronavirus is set to curb economic growth and make an interest-rate cut next week more likely. Growth could weaken to below 6% in the first quarter of the year, according to Nicholas Mapa, an economist at ING Bank in Manila. With more than 12 million people, the ...

Bloomberg Hundreds of high-risk companies in Europe need to repay or refinance nearly $100 billion in the coming months, a prospect that becomes more daunting by the day amid the relentless collapse in credit markets. From Germany’s Thyssenkrupp AG to Telecom Italia, around 600 European high-yield and non-rated bond borrowers have $92.5 billion bonds maturing by the end of 2021, ...

Bloomberg Instagram plans to sell advertisements in IGTV, its home for longer videos, a bid to compete with YouTube for a larger share of the booming market for online video. Instagram started reaching out to its top video creators, asking them to partner on ad tests. Those in the program will receive a 55% share of all advertising in IGTV, ...

Bloomberg Detroit’s three automakers are asking office employees to work remotely while pushing production staff to keep running many of their factories — including one where a worker tested positive for the coronavirus. Fiat Chrysler Automobiles NV’s salaried personnel, including 14,000 at its US headquarters north of Detroit, were told to work from home, a spokesman said. A transmission factory ...

Bloomberg House Speaker Nancy Pelosi and President Donald Trump haven’t spoken in months, but the California Democrat seized the initiative to strike a deal with the White House on a broad measure aimed at helping Americans cope with the spiraling effects of the coronavirus outbreak. After Trump didn’t deliver on a promised announcement of a “major” economic stimulus package, Pelosi ...

ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD) the leading national entity for economic development aid, on Wednesday signed an agreement with the government of Maldives to provide funding support to the tune of $50 million (AED184 million) for infrastructure development projects in the Maldives. The agreement was signed by Mohammed Saif Al Suwaidi, ADFD Director-General, and ...

ABU DHABI / WAM Khalifa University of Science and Technology on Wednesday announced the university has once again demonstrated its status as a premier research-intensive institution focusing on the UAE’s strategic sectors by winning nearly half of all the research grants awarded under the 2019 Abu Dhabi Award for Research Excellence (AARE). Khalifa University received a total of 23 out ...

Abu Dhabi / WAM The Abu Dhabi Government launched on Wednesday the ‘Digital Month’ initiative in a bid to further drive the UAE leadership’s vision to utilise information technology to better serve the community and advance government services. The newly launched initiative comes within the efforts exerted by various government entities in Abu Dhabi to enhance customer experience through innovative ...