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Covid-19 can persist for four weeks on banknotes

Bloomberg The new coronavirus may remain infectious for weeks on banknotes, glass and other common surfaces, according to research by Australia’s top biosecurity laboratory that highlights risks from paper currency, touchscreen devices and grab handles and rails. Scientists at the Australian Centre for Disease Preparedness showed Sars-CoV-2 is “extremely robust,” surviving for 28 days on smooth surfaces such as glass ...

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European stocks advance with US futures; yuan falls

Bloomberg Stocks and US futures rise as investors focused on the prospect for more stimulus and improving corporate earnings. The offshore yuan falls after China’s central bank took steps to restrain a recent rally. The Europe Stoxx 600 Index gained 0.5%, Nasdaq 100 Index futures added 1% and the MSCI Asia Pacific Index rallied to the highest since mid-2018. Chinese ...

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China stocks jump on hopes Xi will announce reforms in Shenzhen

Bloomberg China stocks climbed on optimism before President Xi Jinping’s address in the southern city of Shenzhen this week. The Hang Seng China Enterprises Index rises 2.7%, poised for the most since July 6, as of 3:07 pm in Hong Kong. Xiaomi Corp. surged 7.9% to lead gains, while Industrial & Commercial Bank of China Ltd. (ICBC) jumped the most ...

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Libya readies to pump more oil as it reopens biggest field

Bloomberg Libya took a major step towards reviving its battered oil industry by reopening its biggest field, as Opec+ tries to curb global supplies. The National Oil Corp, Libya’s state energy company, lifted force majeure on the western deposit of Sharara and instructed its operator to resume production, according to a statement on Sunday. The field will initially pump 40,000 ...

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Damac awards $49mn contract for Zada project

Dubai / WAM Damac Properties has awarded Trans Emirates Contracting, LLC, a contract worth AED181,000,000 ($49 million) to start main work construction of Zada, a 26-storey building located in coveted Business Bay neighbourhood in Dubai. The development is significant given the challenges the property market has faced in current pandemic. According to a recent survey by the global real estate ...

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UAE to support initiatives to protect interests of Emirati investors abroad

ABU DHABI / WAM Abdullah bin Touq Al Marri, Minister of Economy, headed the 25th meeting of UAE International Investors Council (UAEIIC) which was held virtually with the participation of Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Jamal Saif Al-Jarwan, Secretary-General of the Council, in addition to members of the council, investors and representatives ...

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UAE sends 12 metric tonnes of medical aid to Tajikistan

Abu Dhabi / WAM The UAE on Sunday sent a second aid plane carrying 12 metric tonnes of medical supplies and testing kits to Tajikistan. This aid will assist approximately 12,000 medical professionals as they work to contain the coronavirus pandemic (Covid-19). To date, the UAE has responded to the Covid-19 crisis by providing over 1,498 metric tonnes of aid ...

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ADFD-funded project receives global recognition for innovation

Abu Dhabi / WAM A renewable-energy project in the Maldives, financed by Abu Dhabi Fund for Development (ADFD), has received a certification from Global Innovation Institute (GINI) an international professional certification, accreditation and membership association in the field of innovation. The first of its kind initiative, for which ADFD provided a concessional loan of AED22 million ($6 million) in 2015, ...

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Covid-19: UAE reports 1,311 new recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 133,935 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, 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 treatment. As ...

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Air Arabia Abu Dhabi launches new flights to Nepal’s capital

ABU DHABI / WAM Air Arabia Abu Dhabi has announced the introduction of a new service to Nepal’s capital city Kathmandu with direct flights from Abu Dhabi starting on October 17. According to Air Arabia, the new service represents the eighth route for Air Arabia Abu Dhabi since the launch of the carrier’s service from Abu Dhabi International Airport on ...

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