Bloomberg Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major US refiner Valero Energy Corp. But this week Gorder didn’t even need his business insight to know that fuel consumption was starting to recover in America. He only needed to look at the streets of San Antonio, the Texas city where he’s based, ...

SHARJAH / WAM Sharjah Directorate of Human Resources (SDHR) issued a study entitled “Effects of coronavirus pandemic on local business sectors and jobs,” to show the impact of the Covid-19 pandemic on a number of sectors in the emirate. The SDHR’s study noted that businesses that were able to fully transform to online operations are the “winning” works where jobs ...

ADEN / WAM The Emirates Red Crescent (ERC) has continued its Ramadan Mir campaign, with a daily average of 3,770 meals distributed across four Yemen governorates. According to the UAE aid authority, the four governorates include Hadramaut, Shabwa, Hodeidah, and Taiz. Some 7,000 iftar meals were distributed across districts in each of the Hadramaut and Hodeidah governorates, while Shabwa saw ...

DUBAI / WAM Dubai Customs continues its recognisable role in facilitating legitimate trade, enhancing the national economy and supporting the national efforts against the negative impacts of the coronavirus pandemic. In Q1 of 2020, around 24.314m tons of goods passed through Dubai Customs’ sea and air shipping centers despite the international economic downturn due to the pandemic crisis. Dubai Customs’ ...

Dubai / Emirates Business du, from Emirates Integrated Telecommunications Company (EITC), announced it has launched a host of exclusive offers across home, prepaid, postpaid, and value-added services (VAS) for customers to keep them connected with loved ones and family as they celebrate the Holy Month of Ramadan. Aiming to provide its customers with uninterrupted services to stay connected and enjoy ...

Abu Dhabi / WAM In line with the Ministry of Health and Prevention’s plans to increase the number of Covid-19 tests throughout the country for the early detection of infections, particularly among those who had prior contact with infected individuals, the ministry has conducted 26,000 additional tests. Testing resulted in the detection of 564 new cases among various nationalities, bringing ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), has reported on Sunday its financial results for the first quarter ended March 31. Adnic delivered solid performance and growth across key financial metrics, with a net profit of AED122.6 million, a 133.1 percent increase compared to the same quarter last year. Adnic’s performance was driven by ongoing commercial momentum ...

MUSCAT / WAM Mohammed Sultan Al Suwaidi, UAE Ambassador to Oman, hailed relations between the UAE and Oman as historic and based on family ties, lineage, and common history. In a statement to the Oman News Agency, Al Suwaidi said these ties were ”eternal” and ”growing steadily.” According to Al Suwaidi, the two countries maintain regular coordination in many trade ...

DUBAI / WAM The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy has implemented a new inspection campaign for shops and commercial establishments during the current phase of market reopening in the emirate. All 474 businesses inspected were found to be fully compliant with reopening guidelines, with no fines or closure orders issued, while 14 outlets were warned ...

DUBAI / Emirates Business Medical and biotechnology companies in Dubai Science Park, a holistic science-focused business community, have made a significant contribution to the UAE’s ongoing efforts to flatten the Covid-19 curve. Dubai Science Park, part of Tecom Group, is home to more than 350 companies employing over 3,600 people. Many of these firms – from multinational corporations to SMEs ...