Emirates Business Coronavirus has caused a significant impact on the way consumers shop and make payments. With social distancing rules in place, many of them have embraced contactless payments and digital wallets as a safer way to manage their money. According to data gathered by AksjeBloggen, the global digital payments market is expected to continue rising in the following years, ...

ABU DHABI / WAM The UAE has conducted over 32,000 additional Covid-19 tests over the past few days in line with the Ministry of Health and Prevention’s plans to intensify virus screening in order to contain the spread of Covid-19. The accelerated investigative measures resulted in the detection of 783 new coronavirus cases among various nationalities, all of whom are ...

Abu Dhabi / WAM The United Arab Emirates has welcomed the Yemen’s Donors Conference scheduled to be held on June 2 in Saudi Arabia. The event will be held virtually under the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman. In a statement, the Ministry of Foreign ...

SHARJAH / WAM Xposure International Photography Festival has announced opening registrations for the fifth edition of its annual ‘International Photography and Short Film Awards’ across a spectrum of genres and formats. Hosted by the Sharjah Government Media Bureau (SGMB) the 2020 edition of the Xposure international awards is now accepting entries online from photographers of all ages, backgrounds and experience ...

DUBAI / WAM Lt. General His Highness Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, on Tuesday said that the UAE excels in dealing with all crises and exceptional circumstances and has made positivity the basis of its developmental drive. “This achievement is attributed to the leadership of President His Highness Sheikh Khalifa bin Zayed ...

ABU DHABI / Emirates Business Etihad Airways, the national airline of the UAE, has amplified its corporate social responsibility (CSR) initiatives to support those affected by the novel coronavirus (Covid-19). The airline has highlighted the development of face shields for medical staff in a new video released on Tuesday to mark Zayed Humanitarian Day at: https://youtu.be/O1ZbHaQCjzw In an effort to ...

ABU DHABI / WAM Etihad Credit Insurance (ECI) and Abu Dhabi Exports Office (Adex) on Tuesday announced a strategic alliance to help UAE exporters overcome the most pressing challenges they face in the current economic climate. Adex and ECI will combine their highly complementary suite of financial and insurance products and services to bring to UAE businesses a full range ...

Bloomberg Some drillers in the biggest North American oil field are reopening wells shut in response to the pandemic-driven price collapse, according to pipeline giant Energy Transfer LP. In the Permian Basin’s Midland region, about 8% of oil volumes that feed Energy Transfer’s pipe network had been shut at the start of the month, Mackie McCrea, the company’s chief commercial ...

Bloomberg Fuel consumption in India is showing signs of rebounding after witnessing the worst monthly sales in more than 12 years. Demand in May will be as much as 25% higher than April as planting season begins, requiring tractors and water pumps to burn more diesel, and the easing of the world’s biggest lockdown brings more trucks back to the ...

The US Treasury is planning to borrow almost $3 trillion during the second quarter (April to June) of 2020, a figure astounding in its size and implications. About $800 billion of that sum is designated as a financial reserve. If you were told that some or all of this reserve would be deployed by President Trump to win key voting ...