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Dubai Tourism, stakeholders discuss plan for industry revival

DUBAI / WAM Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) held a virtual meeting with key aviation and hospitality partners to discuss current and post-pandemic strategies and joint initiatives aimed at ensuring the tourism industry’s gradual return to normalcy. The meeting also discussed global efforts to minimise the transmission of Covid-19 and precautionary measures deployed to safeguard the ...

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National Bonds rewards minor bondholders with Eidiyah

DUBAI / Emirates Business For the eleventh year in a row, National Bonds is distributing ‘Eidiyah’ to more than 500 lucky minor bondholders. Eidiyah is an annual initiative that rewards minor bondholders via special electronic draws for AED 50, totaling AED 25,000 – held on the first day of Eid Al Fitr. In its sustained efforts to encourage financial literacy ...

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Programme to support creative production in Menasa launched

ABU DHABI / WAM Warehouse421, the home-grown arts and design centre dedicated to showcasing and nurturing creative production across the region, has launched the ‘Warehouse421 Project Revival Fund’, to alleviate disruption impacts on the creative industry. In a statement, the arts centre encouraged visual artists, curators, literary creatives, designers and musicians in the Middle East, North Africa and South Asia ...

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Covid-19: UAE conducts 28,000 additional tests

ABU DHABI / WAM The Ministry of Health and Prevention announced on Sunday that it conducted over 28,000 additional Covid-19 tests using state-of-the-art medical testing methods. In a statement, the ministry affirmed its aim to expand the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As part of its intensified ...

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Dewa, Huawei increase AI, digital transformation cooperation

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) and Chinese multinational technology company, Huawei, have explored ways to expand their strategic partnership in the artificial intelligence (AI) and digital transformation cooperation fields. During a video conference, Saeed Mohammed Al Tayer, Dewa Managing Director and CEO, and Charles Yang, President of Huawei Middle East, discussed strengthening cooperation and promoting ...

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Singapore focuses on jobs in new $23 billion virus relief

Bloomberg Singapore’s Finance Minister Heng Swee Keat delivered a fourth fiscal package of S$33 billion ($23 billion) to counter the economic fallout of the coronavirus, providing specific support to saving jobs. The latest measures will help businesses and workers affected by border closures and movement restrictions, Heng said in a Parliament session Tuesday. The steps will push this fiscal year’s ...

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Nuclear fusion startup gets $84m to enter next phase

Bloomberg US clean-energy startup, Commonwealth Fusion Systems (CFS), raised an additional $84 million from major investors in Europe and Asia, underscoring that the appetite remains to back new technologies which could mitigate climate change. As the world looks to ramp up the use of intermittent renewable energy, it needs to add forms of flexible clean power that can be turned ...

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Philippine oil refiners shut on weak demand

Bloomberg The Philippines has been left temporarily without any operating oil refineries as one of the world’s longest lockdowns eviscerates demand. Petron Corp, the nation’s largest oil company, said on Tuesday its 180,000 barrel-a-day refinery has been shut since May 5 for maintenance while fuel demand is low. Royal Dutch Shell Plc said the nation’s only other refinery remains temporarily ...

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PG&E fire victims vote to approve its bankruptcy

Bloomberg Victims of wildfires blamed on PG&E Corp voted to approve a reorganisation plan crafted by the California power giant, clearing one of the last hurdles in the company’s effort to exit the largest utility bankruptcy in US history. More than 85% of fire victims who cast ballots voted in favour of PG&E’s plan that includes a $13.5 billion settlement ...

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