RAS AL KHAIMAH / WAM The Local Emergency, Crisis and Disasters Management Team in Ras Al Khaimah announced the extension of relevant precautionary measures to April 8 to curb the spread of coronavirus (Covid-19). Major General Ali Abdullah bin Alwan Al Nuaimi, Commander-in-Chief of the Ras Al Khaimah Police and Head of the Team, said that relevant precautionary and preventive ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has announced the issuance of 48,749 permits for practising passenger transport in 2020. It comprises 4,315 permits for school transport drivers, 8,999 permits for limo drivers, 25,666 permits for taxi drivers, 326 permits for heavy truck drivers, 4,461 permits for school transport assistants, and 4,082 permits for transporting passengers returning to ...

DUBAI / WAM Dubai Municipality, in collaboration with the Mohammed Bin Rashid Space Centre (MBRSC), has announced that it is preparing to launch the DMSat-1 satellite, the region’s first environmental nanometric satellite, on March 20. The launch is part of a high-technology project undertaken to develop solutions to environmental challenges and address climate change. The satellite will be launched from ...

One of the primary rules of investing is don’t get carried away by the madness of crowds. Still, markets are signaling that many investors are ignoring that rule. Asset prices suggest that many believe most everyone will be vaccinated against by mid-year, or at least herd immunity will be achieved by then. So homebound-weary consumers will burst forth and spend ...

The Covid-19 pandemic and the accompanying economic lockdowns have deepened inequality both within national borders and across the globe. Many low-income countries have suffered a severe economic contraction that has derailed budgets and created urgent financing needs. This has exacerbated debt-sustainability concerns, which were already high on the eve of the pandemic. Today, more than half of low-income countries eligible ...

Christine Lagarde has some explaining to do at European Central Bank meeting. Amid the fixed-income rout and soaring yields, the ECB has been far too cautious in using its most visible weapon: Quantitative Easing bond buying. The bank has bought only 12 billion euros ($14 billion), net of redemptions, over each of the last two weeks — short of the ...

Few things are as intellectually thrilling as watching an idea spring to life, capturing more and more minds until it becomes conventional wisdom. And there are few areas of law where this has been as pronounced as antitrust. Forty-three years ago, Robert Bork, who was a professor at Yale Law School at the time, wrote “The Antitrust Paradox,” which argued ...

Bloomberg American Airlines group Inc. is kicking off a $7.5 billion sale of bonds and leveraged loans backstopped by its frequent-flyer program, capitalising on low borrowing costs to repay US government loans that have helped it navigate the pandemic. The carrier is marketing two $2.5 billion series of notes maturing in 2026 and 2029, and a term loan credit facility ...

Bloomberg Amazon.com Inc. scooped up a minority stake in a cargo airline that operates a portion of its fast-growing air-cargo division, the latest sign of the retailer’s long-term ambitions to expand its air-freight operations. Amazon spent $131 million to acquire about 13.5 million shares of Air Transport Services Group Inc., the air cargo operator said in a securities filing, exercising ...

Bloomberg Massmart Holdings Ltd. is selling three more units as the Walmart Inc.-owned South African retailer steps up efforts to turn around the company. Barclays Plc has been appointed to dispose of food-seller Cambridge, cash-and-carry chain Rhino and Massfresh, which is made up of The Fruitspot and a meat-processing facility, Massmart said in a statement. It has not yet had ...