ABU DHABI / WAM Abu Dhabi Emergency, Crisis and Disaster Committee for the Covid-19 Pandemic, in collaboration with Abu Dhabi Police and DoH, have announced that the Abu Dhabi movement ban is to be extended by one week. The ban covers movements between Abu Dhabi’s regions (Abu Dhabi, Al Ain and Al Dhafra) as well as in and out of ...

DUBAI / WAM Enoc Group has announced that it opened two new service stations in Lehbab and Al Qudra in Dubai. The opening of the two new service stations, both in key locations, takes the total number of ENOC service stations now in the UAE to 147. The Lehbab service station is conveniently located along Lehbab Road and will provide ...

DUBAI / WAM Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Meraas will join forces with Dubai Holding in an effort to sustain and advance growth through a unified and integrated vision that builds on gains, spurs efforts and boosts Dubai’s global competitiveness. Meraas ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa), announced on Tuesday that it will no longer purchase paper supplies, adding that it would refrain from using some 8.5 million sheets of paper for 2020. The move comes as part of the Dubai Paperless Strategy, which aims to use advanced technology to build an integrated paperless government framework. Commenting ...

ABU DHABI / WAM Al Hilal Bank — a wholly-owned subsidiary of Abu Dhabi Commercial Bank (ADCB) — has completed the sale of Al Hilal Takaful, its Islamic insurance subsidiary, to Siraj Holding LLC. In a statement by the bank on Tuesday, the divestment was driven by Al Hilal Bank’s strategic decision to focus on delivering high-quality retail banking services, ...

Dubai / WAM Emirates airline has received approvals to carry passengers on flights to Kabul in Afghanistan, starting from June 25, taking to 30 the total number of destinations currently offered to travellers. In addition to Kabul, flights to the following cities can be booked on emirates website or via travel agents: Bahrain, London Heathrow, Manchester, Frankfurt, Paris, Milan, Madrid, ...

Just how fast will the US economy recover from the coronavirus pandemic? The honest answer is that no one knows, but we are now beginning to get some plausible guesses. As you might suspect, the news isn’t good. The latest forecast comes from the Congressional Budget Office (CBO) and suggests that it may take a decade for the economy to ...

Gojek and Grab Holdings Inc have been battling it out for years in the brutal business of ride hailing and food delivery. They’ve burned billions of dollars in venture-capital money (thanks, SoftBank!), and created hundreds of thousands of jobs throughout Southeast Asia in the process. Yet talk to executives at either company and they’ll tell you that the real future ...

This week has started where last week left off for financial markets and policy makers — that is, trying to assess how much of the surprisingly good US jobs report is real and how much of it could end up being a head fake. Although markets are not waiting for the answer, and understandably so given the deep win-win conditioning ...

It’s always interesting to see who’s celebrating. In German politics, that’s currently the Left Party, a descendant of East Germany’s former dictatorship that likes to brew anti-Americanism and Russophilia into a toxic populist mix. The party’s bosses are delighted about a rumour, first reported by the Wall Street Journal, that the US may pull out some 9,500 of the 34,500 ...