June, 2020

• 8 June

  Japan pharma stock surges 60% this year

  Bloomberg There’s a new king in the world of Japanese pharma after hopes for a coronavirus treatment helped to turbocharge its shares. Chugai Pharmaceutical Co., Japan’s leading oncology company, is the best performer on the Nikkei 225 this year, up almost 56% versus the 2% drop in the broader index. The surge has brought its market value almost neck-and-neck with ...

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• 8 June

  Opec+ deal to extend output cut a courageous decision: Al Mazrouei

  

  ABU DHABI / AGENCIES During a video conference, Opec+ alliance agreed to extend production cut to the end of July. The videoconference meeting was held in an atmosphere of cooperation and a collective determination to maintain a balance in the oil market, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, wrote on Twitter. “The UAE is ...

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• 8 June

  ADGM, Adex partner to develop UAE exports

  

  ABU DHABI / WAM Abu Dhabi Global Market (ADGM) and Abu Dhabi Exports Office (Adex) – the UAE-wide export financing entity founded by Abu Dhabi Fund for Development – signed a Memorandum of Understanding (MoU) to develop exports climate in the UAE, solidifying their commitment to expanding nation’s exports reputation and ensuring local economic growth across the UAE. Through partnership, ...

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• 8 June

  New deal signed in Dubai to boost marine leisure services

  Dubai / WAM P&O Marinas has signed a strategic collaboration agreement with Pindar Yacht Management for the development of a water sports academy, a recreational club, an exhibition space and associated marine leisure services and facilities. Under the agreement, Pindar Yacht will bring its experience as an international sailing business and brand to support the transformation of the P&O Marinas ...

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• 8 June

  China’s trade surplus rises to record in May

  

  Bloomberg China’s trade surplus surged to a record in May as exports fell less than expected, helped by an increase in medical-related sales, and imports slumped along with commodity prices. Exports decreased 3.3% in dollar terms from a year earlier, beating economists’ estimates, while imports plunged 16.7%. That resulted in a trade surplus of $62.93 billion. The record surplus comes ...

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• 8 June

  Emirates NBD and Visa renew partnership for five more years

  

  DUBAI / WAM Emirates NBD and digital payments facilitator Visa on Sunday announced the renewal of their partnership with a five-year agreement. As part of the agreement, Visa has secured exclusivity over Emirates NBD’s debit card offering to personal, priority, private and business banking customers, and the debit card programme for Liv. Emirates NBD’s lifestyle digital-only bank. In addition, the ...

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• 8 June

  Abdullah, Egyptian FM review regional developments

  

  ABU DHABI / WAM The latest regional developments and issues of mutual interest have been deliberated by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Egyptian Minister of Foreign Affairs Sameh Shoukry. This came during a phone call on Saturday, where top diplomat valued the efforts made by Egypt that led to ...

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• 8 June

  DFF initiative equips government employees with forecasting skills

  

  Dubai / Emirates Business Dubai Future Academy (DFAc)’s Dubai Future Experts Program, an initiative by Dubai Future Foundation (DFF), has concluded the third module of its Future Analyst’s phase. Spanning a year and a half, the program, developed in partnership between The Executive Council of Dubai and DFF, and supervised by DFAc, is divided into three phases of six months ...

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• 8 June

  Cuba praises UAE for medical aid, support in fighting Covid-19

  

  ABU DHABI / WAM The Cuban government held an official ceremony in the country’s capital, Havana, to coincide with the arrival of UAE medical aid. The UAE recently dispatched an aid plane carrying eight metric tonnes of medical supplies to support Cuba in curbing the spread of the coronavirus pandemic. Commenting on the occasion, UAE Ambassador to Cuba Bader Abdulla ...

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• 8 June

  Adafsa issues guide on handling food safely during Covid-19

  

  Abu Dhabi / WAM In line with its efforts to enhance societal awareness of best food safety practices, the Abu Dhabi Agriculture and Food Safety Authority (Adafsa) has launched a guide in three languages on the necessary procedures and measures to prepare, handle and deliver food safely during Covid-19 crisis. The guide provides a detailed clarification of food safety guidelines, ...

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