Dubai / WAM An Australian family residing in Dubai expressed its thanks and gratitude to the UAE for helping to reunite them in Dubai with their son, who was stuck in the Australian city of Sydney for nearly two months. Lindsey Summers, the mother of the child who has been living in Dubai for twenty years, told Emirates News Agency ...

ABU DHABI / WAM The Emirates Telecommunications Group Company PJSC (Etisalat Group) announced that the dividend per share (DPS) of 25 fils announced by the Group in its disclosure dated April 1 pertains to the first quarter of 2020. “The objective of the interim dividend for the first quarter of 2020 is to boost liquidity of shareholders during these circumstances ...

ABU DHABI / WAM The UAE leadership spared no effort in ensuring welfare of workers even under the current circumstances, said Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance. In a statement to mark the International Labour Day, Sheikh Nahyan said the UAE leadership has given a priority to the workers’ welfare, adding that the ‘Don’t Worry’ initiative launched ...

Dubai / Emirates Business Samsung Gulf Electronics is encouraging UAE consumers to switch to safer alternatives such as mobile wallets to minimise potential hygiene issues while making purchases in stores. Samsung Pay, the brand’s mobile payment service, offers customers a convenient way to purchase anything through contactless payments in every corner of the country safely and securely. Mobile wallet transactions ...

Bloomberg Stay-at-home orders across the world drove India’s most profitable oil refiner’s net income down 39%. Reliance Industries’s earnings slumped in the three months through March as lockdowns slammed oil prices and destroyed demand for fuels, hitting its mainstay refining business. The oil-to-chemicals business posted the biggest profit drop in nearly two decades, and prompted its chairman and Asia’s richest ...

Bloomberg TC Energy Corp said a federal judge’s decision to block a key permit for the Keystone XL crude oil pipeline last month could delay the project for as much as a year. The Canadian pipeline giant thinks it can overcome the issues presented by the ruling and has been trying to mitigate any potential delays by working on other ...

Bloomberg Coal India Ltd’s shipments in April slumped 25.5% from a year earlier after more than a month-long nationwide lockdown halted economic activity, eroding demand for India’s most dominant energy source. Shipments dropped to 39.1 million tons in the month, the Kolkata-based miner said in a filing. Output declined 10.9% to 40.4 million tons. Global coal demand is heading for ...

Bloomberg President Donald Trump is exploring blocking a government retirement fund from investing in Chinese equities considered a national security risk, a person familiar with the internal deliberations said. The Thrift Savings Plan — the federal government’s retirement savings fund — is scheduled to transfer roughly $50 billion of its international fund to mirror an MSCI All Country World Index, ...

Bloomberg The UK government will give companies guidance in within days on how to return to work safely once the coronavirus lockdown is eased, as it comes under pressure from business not to withdraw its financial support too soon. Firms will get advice on different types of workplace activity, including operating outdoors or inside someone else’s home, according to two ...

Bloomberg Amazon.com Inc. Chief Executive Officer Jeff Bezos is being called to testify by a House antitrust panel about his company’s treatment of third-party merchants on its site. The chairman of the House Judiciary Committee, which is investigating competition in the tech sector, said in a letter to Bezos that he expects the CEO to testify, and threatened to issue ...