Bloomberg A Covid-19 vaccine from Pfizer Inc may be on the horizon, but the cost of distributing vaccines across all 50 states and who will pay for that operation remains a huge stumbling block. What is clear is that much of the financial burden and logistical challenge of getting a vaccine to people has fallen on the shoulders of state ...

Bloomberg The global rally in stocks paused on Tuesday while haven assets found support amid concern that a promising coronavirus vaccine study still has hurdles to clear. The Stoxx Europe 600 Index fluctuated, with banks leading gains and tech stocks the biggest decliners, the day after news from Pfizer Inc and BioNTech SE about their anti-viral treatment sent global stock ...

Bloomberg Stocks in India’s $2.2 trillion market joined a global rally as vaccine results fuelled optimism of an exit from the pandemic after local benchmarks closed at record highs. The S&P BSE Sensex climbed 1.1% to 43,067.84 in Mumbai, while the Nifty 50 rises by 1%. Both gauges closed at fresh peaks Monday and have gained about 8% so far ...

Abu Dhabi / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, stated that changes to oil prices are caused by supply and demand, and it is too early to say whether the coronavirus pandemic will permanently affect demand, which is the main factor for determining oil prices. The trust in oil markets is gradually returning, due to ...

Abu Dhabi / WAM Masdar, one of the world’s leading renewable energy companies, and First Abu Dhabi Bank (FAB) announced the completion of an energy and water-saving retrofit project for an Abu Dhabi-based school for People of Determination. The Future Rehabilitation Centre in Mohammed bin Zayed City is benefitting from energy reductions of over a third and water savings of ...

Abu Dhabi / WAM Abu Dhabi’s non-oil foreign trade sector demonstrated agility and preparedness, reaching AED151.18 billion from January to September this year, despite the Covid-19 pandemic. The sector also distributed imports worth AED69.33 billion, exports worth AED55.37 billion, and re-exports worth AED26.48 billion. The General Administration of Abu Dhabi Customs continued its pioneering efforts to continue the uninterrupted flow ...

DUBAI / WAM Virgin Hyperloop made history on Monday as the first passengers successfully traveled in a Hyperloop pod. The significant investment made by Dubai-based DP World, the leading global provider of smart logistics solutions, in the research and development of hyperloop technology, has played an instrumental role in today’s milestone. Sultan Ahmed bin Sulayem, Chairman of Virgin Hyperloop and ...

Bloomberg Oil advanced near $38 a barrel and gold climbed for a third day as President-elect Joe Biden prepared to transition into White House even as Donald Trump rejected the outcome of US election. Crude futures in New York rise 2.3% and spot gold added 0.2% amid a broader rally in global stocks. The dollar extended declines. While Biden declared ...

Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc), on Monday called on the oil and gas industry to unite in driving the post-Covid recovery. During his opening keynote address of the 36th edition of the Abu Dhabi International Petroleum Exhibition Conference ...

Dubai / WAM Commercial Bank of Dubai (CBD) announced the opening of a dedicated Business Service Centre in Gulf Vision Government Transactions Centre, located at Al Nahda Centre, Ghusais – Dubai. The prime location provides easy access to a wide range of services from trade license, immigration, health, emirates ID and banking services all under one roof for businesses. Omar ...