Bloomberg Germany will offer Deutsche Lufthansa AG a 9 billion-euro ($9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago. The aid package involves taking an initial 20% stake that could rise to 25% plus one share in the event of a hostile takeover, according to a statement on Monday. ...

ABU DHABI / WAM The Zakat Fund has offered aid valued at AED86.3 million to 5,109 eligible families since the start of 2020. The number of new cases reached 2,764 families affected by the coronavirus crisis, with 93.3 percent being eligible for Zakat. Abdullah bin Aqeedah Al Muhairi, Secretary-General of the Zakat Fund, said that the fund receives Zakat requests ...

SHARJAH / WAM Under the patronage of His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, Engineer Salah Bin Butti Al Muhairi, Adviser to the Sharjah Department of Town Planning and Survey, inaugurated the Khorfakkan Monument, designed to be a traditional Arabian Incense Burner Statue, to be a symbol of “Mabkhara” and built ...