DUBAI / WAM Dubai Investments said it will continue ongoing production of raw materials across its industrial manufacturing subsidiaries in steel, aluminium, glass and other building materials. The company said in a statement that it is committed to contributing to the UAE economy through this vital sector, which is “a crucial industry that is used as a means to achieve ...

DUBAI / Emirates Business Under the slogan ‘Your Safety is our Priority’, Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO) has developed an in-house Disinfection Tunnel to ensure the health and safety of its employees, customers, residents and the wider community at the hi-tech park. The initiative is in line with the National Sterilisation Program ...

ABU DHABI / WAM The Ministry of Health and Prevention, Abu Dhabi Health Authority and Dubai Health Authority have jointly launched an app named ALHOSN UAE for smart phones and devices. This new app, which can be downloaded on Android and IOS devices is free of cost, and will be an official digital platform for Covid-19 tests in the UAE. ...

SHARJAH / WAM Sharjah’s Environment and Protected Areas Authority (EPAA) is to collaborate with the Emirates Marine Environment Group (EMEG) to establish a large-scale coral nursery off the coast of the island of Sir Bu Nair. The project, part of EPAA’s annual programme of conservation initiatives for the island, is designed to mitigate the impact of coral bleaching events that ...

Bloomberg Reliance Industries Ltd started testing its online shopping portal three days after Facebook Inc said it will invest $5.7 billion in digital assets controlled by billionaire Mukesh Ambani. JioMart, an e-commerce venture of Reliance Retail, went live in three neighbourhoods surrounding Mumbai, leveraging a deal that gives it access to WhatsApp’s 400 million users in India currently under lockdown. ...

Bloomberg Indonesia opted for less punishing social-distancing measures than its neighbours to stem the spread of the coronavirus. Now analysts are warning its economy will take much longer to recover than others in Southeast Asia. With the pandemic’s peak expected in late May, President Joko Widodo is recalibrating his strategy of large-scale social distancing rules and calling for a ramp-up ...

Bloomberg Singapore home prices fell less than initially estimated in the first quarter, with an extended lockdown threatening to further push down values as the residential property comes to a standstill. Housing prices fell 1% in the three months ended on March 31, data from the Urban Redevelopment Authority showed. That compares to a preliminary estimate of a 1.2% decline. ...

Bloomberg The Philippines is known for training nurses and exporting them to all corners of the world, but now the nation finds itself shorthanded just as its number of coronavirus infections and deaths skyrocket. The islands’ death toll from Covid-19 has surged nearly fivefold since April 1 to 462, and the confirmed cases have tripled to 6,981 as of April ...

Bloomberg Low oil prices are usually a curse for green energy, but this time might be different. The collapse of the crude market has seen prices fall below zero for the first time in history. Yet Royal Dutch Shell outlined a bold programme to slash carbon emissions and invest in clean energy, while Eni said it’ll consider accelerating its ambitious ...

Bloomberg Eni SpA reported a 94% drop in first-quarter profit and cut its production forecast for the year as demand is crushed by the coronavirus pandemic. While the large decline in earnings reflects in part a high tax rate, it provides signals for the rest of the industry, with the worst impact of oil’s historic plunge likely in the coming ...