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ABU DHABI / WAM The Ministry of Finance (MoF) issued three new decisions for federal entities across the UAE, as part of its remit to revise and reduce federal fees. These decisions are: Cabinet Resolution No. (36) of 2020 on registering suppliers in the Federal Supplier Register, Cabinet Resolution No. (37) of 2020 on amending certain provisions of Cabinet Resolution ...

Dubai / WAM The Dubai Future Foundation (DFF) has released its latest report titled “Life After Covid-19: Retail” which showcases online retailers and e-commerce platforms experiencing dramatic growth as consumers avoid shopping malls in response to Covid-19. The report, launched within the Foundation’s “Life after Covid-19.” series and includes eight reports to date, and tackles the different challenges and opportunities ...

AJMAN / WAM More businesses will be allowed to resume economic activities from Sunday, May 31, under “Guidelines and Protocols for Reopening of Economic Activities”, the Department of Economic Development in Ajman (DED-Ajman) announced. Cinemas, gyms, fitness clubs, children’s saloons as well as valet parking and car washing service will receives customers at 50 percent of their total capacity with ...

Sharjah / Emirates Business The Saudi German (SGH Sharjah) hospital medical staff saved a 43 year old young man of an Arab nationality when he was admitted to the emergency section at SGH Sharjah in a difficult condition as he was suffering from severe pain in the abdomen and chest areas due to exhaustion of heart muscle and failure of ...

Bloomberg Fossil fuels are no longer considered “green” by China’s central bank. The People’s Bank of China (PBOC) plans to remove “clean utilisation of fossil fuel” projects from the list of programs that can be funded by green bonds, according to a draft plan. The bank has drawn the ire of environmentalists for allowing the sustainable financing tools to fund ...

Bloomberg President Donald Trump said the US will terminate its relationship with the World Health Organization (WHO), which he has accused of being too deferential to China and of failing to provide accurate information about the spread of the coronavirus. “We have detailed reforms that they must make and engage with them directly, but they have refused to act,” Trump ...

Bloomberg The European Union (EU) said its trade with the rest of the world would slump this year by as much as 868 billion euros ($963 billion), or more than 10%, in a gloomier updated forecast that offers fresh evidence of the global economic damage caused by the coronavirus. EU exports of goods and services will fall by 282 billion ...

Bloomberg Argentina and its key bondholders are getting closer to a $65 billion debt restructuring deal after the country defaulted on its overseas debt for the ninth time in its history. While still at odds over several key issues, the latest changes in the proposals by the government and two groups of creditors published signal the difference between both sides ...

Bloomberg UK Chancellor of the Exchequer Rishi Sunak kept the spending taps firmly on as he announced plans to taper his job support program, unveiling an incremental withdrawal in a bid to avert a mass wave of unemployment this summer. Self-employed workers will be offered a further grant of as much as 6,570 pounds ($8,082) in August to cover another ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) announced that it delivered the third shipment of classroom seating supplies to Sudan. Catering to the needs of 150,000 students across the country, the support aims to help Sudan advance its educational infrastructure. Taking the total value of assistance provided by ADFD to support the educational sector in Sudan to ...