ABU DHABI / WAM The UAE on Wednesday launched a fund for unifying national efforts to combat the coronavirus (Covid-19) pandemic. Titled “The Fund of the United Arab Emirates: Homeland of Humanity”, the fund has been launched in coordination with the National Emergency Crisis and Disasters Management Authority (NCEMA) the Emirates Red Crescent (ERC) and other humanitarian and charity organisations ...

Bloomberg Oil turned lower on an unprecedented hit to consumption, even as policy makers attempted to kickstart the global economy. Futures in London erased earlier gains to trade down 4.2%. The boss of trading house Vitol Group said demand is down about 15 million to 20 million barrels a day and will shrink further with India’s decision to go into ...

ABU DHABI / WAM Driven by country-level economic incentives and stimulus packages, the UAE financial markets continued their rebound for the second straight day, with listed companies posting combined gains of AED61 billion in market cap in the two sessions of Tuesday and Wednesday. Abu Dhabi’s main stocks index was up 7.23 percent to 3,915 points on Wednesday, driven by ...