ABU DHABI / WAM The Department of Government Support, which is represented by the Abu Dhabi Digital Authority (ADDA) announced the full availability of Department of Economic Development “Commercial Licences” through Abu Dhabi Government Services ecosystem, “TAMM”, allowing business owners to easily access services and complete transactions digitally. The Department of Economic Development, ADDED, is the first government entity that ...

Bloomberg Mizuho Financial Group Inc will book a 32.9 billion yen ($306 million) charge on its securities holdings in the just-completed quarter due to the coronavirus-fueled stock market rout. The writedown stems from a “significant decline” in the fair value of some securities held by the group’s lending, trust banking and securities units, Tokyo-based Mizuho said in a statement. It ...

Bloomberg The economic fallout from the coronavirus epidemic will prevent almost 24 million people from escaping poverty in East Asia and the Pacific (EAP) this year, according to the World Bank. In a report, the Washington-based lender also warned of “substantially higher risk” among households that depend on industries particularly vulnerable to the impact of Covid-19. These include tourism in ...