Dubai / Emirates Business The Real Estate Regulatory Agency (RERA) imposed a AED 50,000 fine on a real estate company that was found to have violated the laws related to the escrow account and permits of real estate advertisements, specifically Law No. (8) for 2007. RERA calls on all real estate companies and brokers to abide by laws and regulations ...

Dubai / Emirates Business Emirates SkyCargo announced, it has introduced weekly scheduled cargo flights on its Boeing 777-300ER passenger aircraft to Sao Paulo. This will allow for importers and exporters in the region to stay connected with their trading partners across the world with access to around 40 tonnes of cargo capacity on the lower deck of the Emirates aircraft. ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, praised the call of the Higher Committee of Human Fraternity to all people to make Thursday, May 14, a day to pray to end the coronavirus pandemic. Sheikh Nahyan said that His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...

ABU DHABI / WAM As part of its social responsibility programmes and voluntary efforts, Abu Dhabi Agriculture and Food Safety Authority (Adafsa), represented by its social service program “Auwn”, participated in several charitable and humanitarian schemes performed Emirates Red Crescent (ERC) during the holy month of Ramadan. This participation comes as part of its initiative “from your homes lighting their ...

ABU DHABI / Emirates Business The Authority of Social Contribution – Ma’an has announced its ‘Together We Share’ initiative has already delivered more than more than 3 million nutritious meals to workers across the Emirate of Abu Dhabi. Since deliveries started on 1 May, meals have been provided for tens of thousands of workers based in accommodation across 35 complexes ...

ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) announced there has been a continued improvement of air quality in Abu Dhabi due to government efforts to control human and traffic movement in the capital, as part of the precautionary measures undertaken to combat Covid-19. The agency observed that air pollutants such as nitrogen dioxide (NO2) had decreased ...

Bloomberg West Texas Intermediate has been gaining since its history-making crash in the US last month, trading at around $25. Brent crude has been practically soaring, touching $30 in London. They can’t match the criollo barrel in Argentina, though — $45 guaranteed, no matter what. That dream price doesn’t actually exist, but it could soon. The administration of President Alberto ...

Bloomberg Oil and natural gas exploration plunged to an all-time low as the economic and industrial dislocations from the Covid-19 pandemic snuffed out the remnants of the American shale boom. Drilling in US oil and gas fields retreated by 34 rigs this week to 374, led by a precipitous drop in crude exploration that sank to levels not seen since ...

Bloomberg Italy’s electricity demand jumped as lockdown restrictions were loosened, signaling that an economic recovery may be on its way. While consumption rose in France and Britain and held steady in Germany and Spain from the previous week, it’s not clear how quickly demand will recover or if it’ll ever reach pre-crisis levels as the threat of a deep recession ...

As the United States’ confrontation with China escalates, the Trump administration may be making a classic American mistake: overestimating its adversary’s technological competence and ability to control events. The outbreak in Wuhan of the novel coronavirus shows how ragged and disorderly the Chinese police state was in the initial weeks of the pandemic. Beijing’s response was to suppress and manipulate ...