ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) contributed AED3 million to Ma’an Abu Dhabi towards the ‘Together We Are Good’ programme to support the UAE community in addressing the impact of Covid-19. Adnic commends the UAE authorities for taking fast and decisive action to fight against the spread of Covid-19 and extends its gratitude to the brave ...

Bloomberg The sinking global economy is suffering through a colossal disinflationary shock that could briefly push it into dangerous deflation territory for the first time in decades. With many national economies all but shutting down in an effort to contain the coronavirus, prices on everything from oil and copper to hotel rooms and restaurant take-out are tumbling. “A powerful disinflationary ...

Abu Dhabi / emirates business India’s leading manufacturer of plastic packaging materials, Shrinath Flexipack Pvt Ltd, has finalised an agreement to build its first factory in the Middle East at Kizad. The investment of AED 55 million ($15 million) will allow the Hyderabad plastics player to set up on a greenfield site within Kizad’s Polymers Park. The new facility will ...