RAS AL KHAIMAH / WAM The National Bank of Ras Al Khaimah (Rakbank) on Tuesday announced further plans to provide financial relief to individuals, SMEs, and corporates impacted by the economic consequences of the coronavirus (Covid-19). For individual customers, the bank will provide payment deferrals of up to three months on auto loans and personal loans for Covid-19 impacted salaried ...

DUBAI / WAM In a video message to the private sector, Hamad Buamim, President and CEO, Dubai Chamber of Commerce and Industry, called on Dubai’s business community to cooperate with the relevant government authorities in implementing preventive and precautionary measures to counter the spread of Covid-19. He urged the private sector to ensure the safety and health of its employees ...

SHARJAH / WAM HH Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has directed a 10 percent reduction in the Sharjah Electricity and Water Authority (Sewa) bills in the Emirate of Sharjah for three months. The move is in line with the precautionary measures taken by the government and aimed at facilitating the customers ...

DUBAI / WAM Road and Transport Authority’s Rail Agency has introduced the Remote Asset Condition Monitoring System to capture data relating to the condition of railway switches without human intervention. By using a special algorithm, the system can predict potential faults of these vital switches before they develop, and accordingly enables taking proactive measures to avoid any major fault that ...

ABU DHABI / WAM The Telecommunications Regulatory Authority (TRA) announced ‘Online Grocery’ that includes the purchasing application of 22 online stores in the UAE, noting that this is a preliminary list and will be subject to updates in the coming days. The online stores included in the list include large shopping centres and cooperatives, in addition to grocery stores, meat ...

DUBAI / WAM DP World UAE Region announced that Deli Foods Peru has joined the Latin American, (LatAm) Incubation Centre at Jafza One, the flagship commercial complex located at the heart of Jebel Ali Free Zone (Jafza). The agreement was signed at Gulfood 2020, and marks Deli Foods as the first Latin American company to join the incubation centre, a ...

Dubai / WAM The Dubai Police have started using drones to ensure full compliance with decisions and disseminate the critical message of avoiding public spaces and vacating shores as a precautionary measure to prevent the transmission of the coronavirus (Covid-19). Colonel Saeed Al Madhani, Director of Ports Police Station in Dubai, stressed the Dubai Police’s HQ keenness to utilise the ...

Bloomberg Companies in India are scrambling to ensure that the millions who staff the back offices of Wall Street banks and take on work outsourced by firms from airlines to insurers can keep going as the nation mandates increased work from home amid a spike in coronavirus cases. UBS Group AG, Deutsche Bank AG and other global giants are working ...

Bloomberg Thailand’s Prime Minister Prayuth Chan-Ocha said a state of emergency will be declared for a month from March 26 as the government steps up efforts to fight the novel coronavirus outbreak. The premier made the announcement on Tuesday after a Cabinet meeting in Bangkok. The decree will give him broad powers to impose further curbs on every-day life, under ...

Bloomberg India will have enough grain stockpiles to feed its poor for at least a year-and-a-half as reserves are likely to further balloon after record harvests in the South Asian nation that has been locked down to check the spread of the coronavirus. There will be no food shortage in the second-most populous country, DV Prasad, chairman of state-run Food ...