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Oil climbs for a fifth day with output cuts easing glut concern

Bloomberg Oil headed for the longest run of daily gains in more than nine months as the impact of production cuts indicated the glut may be beginning to ease. Futures in New York rose for a fifth day after Genscape reported an increase in inventories of only 1.8 million barrels at Cushing, Oklahoma, the delivery point for West Texas Intermediate ...

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Covid-19: UAE sends medical aid to Guinea

ABU DHABI / WAM The United Arab Emirates on Tuesday sent an aid plane containing 7 metric tons of medical supplies to Guinea to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 7,000 medical professionals as they work to combat the virus. Commenting on the aid delivery, Ahmed Nasser Abdul Rahim Al-Khaja, UAE ...

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RAK ICC announces business stimulus measures to back its clients

Ras Al Khaimah / Emirates Business RAK International Corporate Centre (RAK ICC), a world-class corporate registry in Ras Al Khaimah, has announced unprecedented Business Stimulus Measures to support its Registered Agents and promote new business during these challenging times. RAK ICC’s Business Stimulus Measures are in the form of exclusive discounts to its clients in order to provide reassurance, boost ...

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DCT Abu Dhabi donates 300 books to EHC

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has gifted 300 books to evacuees in Emirates Humanitarian City (EHC), aiming to provide them with books for entertainment and education during their quarantine period. Part of the ‘We Support Reading’ initiative, the gift includes literary and scientific titles, the department said in a ...

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Sheraa ‘solidarity fund’ to support startups

SHARJAH / WAM The Sharjah Entrepreneurship Centre (Sheraa) pledged to create a solidarity fund of $1 million, to help startups affected by the impact of the coronavirus and celebrate the #UbuntuLoveChallenge challenge. The challenge is led by Sheikha Bodour bint Sultan Al Qasimi and Mamadou Kwidjim Toure, Founder and Chairman of Africa 2.0 Foundation, a global movement designed to encourage ...

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du launches e-Shop to support SME corporates

DUBAI / WAM du, from Emirates Integrated Telecommunications Company, launched an e-Shop, a new digital platform that can be availed of by SME corporates in the UAE, to enable them to on-board new mobile services for themselves and their employees with free and fast delivery within 48 hours, as well as other products and services through an end-to-end digital experience. ...

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UAE army operates on humanitarian principles, says Ruler of Ajman

Ajman / WAM HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has said that the UAE military has undergone an “accelerated development” leading it to become “one of the most powerful armies of its time.” In a statement to ‘Nation Shield,’ the UAE’s military journal, marking the 44th anniversary of the UAE’s Armed Forces’ ...

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ADFD extends $20m support for Sudanese healthcare industry

ABU DHABI / WAM As part of the urgent aid package pledged by the UAE to the people of Sudan, Abu Dhabi Fund for Development (ADFD) announced the delivery of AED75 million ($20 million) worth pharmaceutical and medical supplies to the Government of Sudan to support the country’s healthcare sector. The supplies were dispatched in coordination with the Embassy of ...

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