Dubai / WAM As part of precautionary measures against the novel coronavirus Dubai’s Roads and Transport Authority (RTA) announced several proactive and preventive measures to protect the health of public transport riders. Measures taken include controlling the number of riders per metro/bus to maintain a safe distance between riders. Bus doors will be controlled by the driver. The front/middle doors ...

FUJAIRAH / WAM National Bank of Fujairah (NBF) on Wednesday announced that it appointed Dr. Raja Al Gurg, Vice Chairperson and Managing Director of the Easa Saleh Al Gurg Group, as the new Deputy Chairperson of its board. Dr. Raja Al Gurg will be taking over the role of her father, Easa Saleh Al Gurg, and will be working closely ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to President Ekaterini Sakellaropoulou of Greece, on the occasion of her country’s Independence Day, which is marked on March 25. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and ...

DUBAI / WAM Dubai Economy has directed commercial establishments in the emirate to close down for two weeks starting from Wednesday in line with the preventive measures announced by the Ministry of Health and Prevention and the National Emergency Crisis and Disaster Management Authority in view of the Covid-19 pandemic. According to a press release issued by Dubai Economy on ...

DUBAI/ WAM Oasis Malls has announced closure of its mall outlets for two weeks on Wednesday. In a statement, Oasis Malls explained that mall closures will exclude Carrefour, pharmacies and clinics within the shopping malls in Dubai and Sharjah. “Oasis Malls will carry on with its daily cleaning and disinfection practices in line with the UAE Ministry of Health and ...

ABU DHABI / WAM Over the past three years, the UAE’s banking sector has expanded, and now it provides 98 percent of its services to customers electronically, enabling them to achieve their transactions safely online. Studies performed by the Federal Competitiveness and Statistics Authority, FCSA, highlighted an increase in the number of users of digital banking services to 90 percent, ...

Bloomberg As the US finds itself in the unfamiliar position of lobbying for higher oil prices, China’s enjoying what amounts to a major rebate from crude’s crash just as it tries to recover from the coronavirus. The world’s biggest oil importer is saving about $250 million a day after crude prices crashed this year amid dual demand and supply shocks. ...

Bloomberg Record low prices for heavy Canadian crude have prompted one of the biggest operators in the oil sands to take the rare step of shutting production. Motivated by the “extremely low” prices, Suncor Energy Inc. announced on March 24 that it will shut in one of its two so-called trains at its two-year-old, 194,000 barrel a day Fort Hills ...

Bloomberg Green forms of liquefied methane could be a viable fuel for ships to help the industry meet greenhouse-gas emission reduction targets, a study showed. Bio-methane, produced from biomass, and synthetic methane made using renewable energy could emulate liquefied natural gas as a marine fuel, according to a study conducted by Dutch researcher CE Delft and commissioned by industry group ...

Bloomberg Oil refiners across the US are being forced to throttle back operations amid a historic plunge in gasoline demand and prices. Plants representing more than 10% of US fuel-making capacity have cut back. Exxon Mobil Corp has slowed rates at facilities in Texas and Louisiana, while others around Los Angeles and Philadelphia are taking similar action to stem a ...