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5,944 commercial agencies registered in UAE markets

ABU DHABI / WAM The Ministry of Economy (MoE) revealed that the total number of commercial agencies registered in the UAE markets across various sectors reached 5,944 by the end of last year. In addition to the 348 new agencies registered during 2020, 65 new agencies were registered during the first quarter of this year. The ministry emphasised that it ...

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Watania approves 7.5% dividends to shareholders

Abu Dhabi / Emirates Business HE Dr Ali Saeed bin Harmal Al Dhaheri, Chairman of the Board of National Takaful Company “Watania” said that the company approved a dividend payment of 7.5% to the shareholders. 2020 marks the 3rd consecutive year of dividend, on the back of 6% declared in 2019. Speaking in the official press statement HE Dr Al ...

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UAE reports 473,398 total recoveries from Covid-19

Abu Dhabi / WAM The Ministry of Health and Prevention, MoHAP, announced that it conducted 256,181 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Wednesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

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Grab’s SPAC-to-riches plan creates $40b app

US investors may call it the “Uber of Southeast Asia,” but the world’s largest SPAC merger is about much more than just hailing cabs in Singapore. The soon-to-come Nasdaq listing of Grab Holdings Inc is America’s introduction to super-apps and the sell-you-everything mind-set of Asia’s tech giants. Think of them more like real estate companies, only the territory they’re battling ...

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After WFH, bring on flexible workday

The pandemic forced employers to embrace flexibility in working location, but a related concept — flexibility of working hours — is far from being the norm. As big firms encourage staff back to the office, pressure for adjustable work schedules could mount. Many bosses want staff back on site, and many employees will want to return. The benefits of easier ...

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When world’s pharmacy needs ‘prescriptions’!

Last week, India recorded almost 170,000 Covid-19 cases, a record for the country since the start of the pandemic. The day before, India crossed a different kind of milestone: Vaccinating 100 million people. It is this seesaw of despair and hope that India rides today, battling the outbreak with a healthcare system operating on the brink even as its pharmaceutical ...

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Congress must follow Biden’s lead on guns

The litany is shamefully familiar, but needs repeating until lawmakers finally pay attention. More than 100 Americans die from gun violence each day — some in massacres that seize the national headlines, most in quieter tragedies that don’t. No other country in the developed world endures gun carnage on such a scale. This drumbeat of senseless misery and the persistent ...

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Boeing’s 737 Max comeback fuels sales win over Airbus

Bloomberg Boeing Co topped Airbus SE in quarterly jet sales for the first time since early 2019, when the US planemaker spiraled into crisis because of a global grounding of its 737 Max after two fatal crashes. Gross orders in the first quarter totalled 282 aircraft, according to sales data posted to Boeing’s website. Including cancellations and an accounting adjustment ...

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Qantas Air sees A380 fleet returning to skies

Bloomberg Qantas Airways Ltd expects all of its Airbus SE A380s to return to the skies, a signal of confidence that demand for global air travel will recover and make the superjumbo viable again. “We think we will reactivate all of the A380s. We spent a lot of money on them,” Qantas Chief Executive Officer Alan Joyce said at a ...

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France short-haul flight ban points way to cleaner flying

Bloomberg A French initiative to ban commercial air travel on some domestic routes could prove to be an example for other countries seeking to make flying cleaner. The bill making its way through parliament would forbid conventional air travel when there’s an alternative by train that takes under 2.5 hours. The legislation advanced in the National Assembly over the weekend ...

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