August, 2020

• 26 August

  ‘Salam Beirut’ to restore 485 homes

  

  Sharjah / WAM “Salam Beirut”, an emergency aid campaign that is providing relief for victims of the devastating explosion that struck Port Beirut, launched by Sheikha Jawaher bint Mohammed Al Qasimi, wife of His Highness the Ruler of Sharjah, Chairperson of The Big Heart Foundation (TBHF) and Eminent Advocate for Refugee Children at the UNHCR, has commenced work on the ...

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• 26 August

  ERC continues initiatives to prevent drought in Yemen

  

  Abu Dhabi / WAM The Emirates Red Crescent (ERC) is continuing its initiatives to prevent drought and providing sources of water in Yemen, after launching hundreds of projects related to drinking water in areas suffering from water scarcity. Under this framework, ERC inaugurated a new development project that will provide water in the Hadramaut Desert, which includes a 470-metre artesian ...

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• 26 August

  GTA dnata to launch Vancouver operations

  

  Dubai / WAM GTA dnata, dnata’s joint-venture company in Canada, has been awarded a 5-year ground handling license and will establish operations at Vancouver International Airport (YVR). The company will provide quality and safe ramp, passenger and cargo warehousing services to airlines with a team of highly trained, customer-oriented aviation professionals. GTA dnata will commence operations at YVR in the ...

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• 26 August

  EGA launches ‘women’s network’

  

  Abu Dhabi / WAM The Emirates Global Aluminium (EGA) on Wednesday announced the launch of the EGA Women’s Network in celebration of Emirati Women’s Day 2020 and also to signal the company’s commitment to improving gender diversity both within and in the heavy industry sector in the UAE. The EGA Women’s Network will enable women at EGA to form a ...

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• 26 August

  A cure for Covid-19 could be right under our noses

  

  Nobody wants to go back to a national coronavirus lockdown. France’s Emmanuel Macron and Spain’s Pedro Sanchez are ruling out blanket stay-at-home restrictions, even as Covid-19 cases surge higher. Their motives are clear: Another round of widespread lockdowns would tank the economy and split society, and would also be an admission of defeat from politicians and public-health officials who — ...

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• 26 August

  Who’s better leader during pandemic

  

  The evidence is in: At least during the first wave of Covid-19, countries with female leaders suffered far lower death rates than comparable nations led by men. This doesn’t mean that the trend will necessarily persist in a second or third wave. Nor does it imply that women are also better leaders when it comes to whatever else governments find ...

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• 26 August

  Is Jack Ma’s Ant Group MasterCard or PayPal?

  Valuing billionaire Jack Ma’s Ant Group, which filed its prospectus for a mega initial public offering, will be more art than science. It looks like a financial-services company but sells itself as a technology firm. Is it a MasterCard or a PayPal? On a number of counts, Ant is more like the former. First, the company has made a lot ...

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• 26 August

  Is it time to end the ban on bank dividends?

  The ship has been steadied but when’s the right time to unfurl the sails? The European Central Bank (ECB) has done everything it can to maintain the stability of the continent’s finance system during the Covid crisis. In June it doled out 1.3 trillion euros ($1.54 trillion) of super-cheap loans to the banking system at a negative 1% rate; it ...

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• 26 August

  AirAsia posts record loss as virus annihilates demand

  

  Bloomberg AirAsia Group Bhd posted its largest quarterly loss on record as restrictions imposed by governments to contain the spread of the coronavirus decimated travel. Southeast Asia’s second-biggest budget carrier by market value reported a net loss of 992.9 million ringgit ($238 million) in the three months ended June 30 versus net income of 17.3 million ringgit a year ago, ...

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• 26 August

  Kenya Air pilots win reprieve from court in pilot jobs clash

  

  Bloomberg A court ordered Kenya Airways Plc to stop a plan to fire some pilots pending the determination of a case challenging the move, according to a ruling by Judge Onesmus Makau. Sub-Saharan Africa’s third-largest airline said not being able to proceed with the cuts imperils the viability of the airline. Kenya Airways is facing financial troubles that have partly ...

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