Bloomberg China’s central bank will increase the supply of cheap funding to banks by cutting the amount of cash they need to hold as reserves, a move aimed at putting a floor under economic growth in 2020. The required reserve ratio for commercial lenders will be lowered by 50 basis points from January 6, unleashing about 800 billion yuan ($115 ...

DUBAI / WAM The Dubai’s Roads and Transport Authority (RTA), announced that number of riders of mass transportation during New Year’s celebration reached 2,126,417, showing an increase of 3.6 percent of the total number of commuters for the same period last year. 907,411 riders used Dubai metro in its Red and Green lines, while the tram transported 37,150 riders. The ...

Dubai / Emirates Business More than half (55%) of parents don’t know the legal requirements for child seat belt use in the UAE, according to new survey. Whilst 91 percent of parents said they require children to wear a seatbelt in the car, the research, conducted by Infiniti Middle East, showed conflicting opinions on the age when the safety practice ...

Dubai / WAM The Dubai’s Roads and Transport Authority (RTA), has announced that the number of riders of mass transportation during the New Year’s celebration reached 2,126,417, showing an increase of 3.6 percent of the total number of commuters for the same period last year. 907,411 riders used Dubai metro in its Red and Green lines, while the tram transported 37,150 ...

MUKALLA / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC), provided 35,144 food parcels weighing 2,840 tonnes to the residents of Hadramaut Governorate during the Year of Tolerance 2019, benefitting 175,720 people who are members of vulnerable Yemeni families. At the end of the Year of Tolerance, the ERC distributed 100 food parcels weighing 8 tonnes, which ...

Ras Al Khaimah / WAM The world’s eyes were on Ras Al Khaimah as it captivated people all over with a spectacular New Year’s Eve Gala that set two Guinness World Records titles. Hundreds of thousands of spectators, including international tourists, witnessed the 13-minute long fireworks that also reached billions of people through live feeds online and simultaneous live telecasts ...

Dubai / Emirates Business Dubai Land Department (DLD) and Property Finder launched Mo’asher, Dubai’s official Sales Price Index, to the market. The Index will provide consumers with updated property sales price insights in Dubai. DLD will provide data for Mo’asher on a monthly basis, which will then be coupled with data on property asking prices from Data Finder, the real ...

MOCHA / WAM The Emirates Red Crescent (ERC), organised the 21st mass wedding in Yemen under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces; and the guidance of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman ...

ABU DHABI / WAM Etihad Rail, the developer and operator of the UAE’s national railway, has launched a new training and employment programme, as part of the company’s continuous commitment to support Emiratisation. Etihad Rail is a positive contributor to the UAE government’s initiative to employ its citizens in a meaningful and efficient manner in both the public and private ...

ABU DHABI / Emirates Business In line with the UAE Vision 2021, which aims to achieve a sustainable environment, Provis Estate Management has successfully implemented a series of sustainability and energy savings initiatives that resulted in the reduction of 6,692 tons of CO2 emissions across 10 communities under its portfolio. Water, chilled water and electricity consumption were reduced by 5% ...