June, 2020

• 7 June

  Yemen calls on World Bank to intensify support

  RIYADH / WAM The Yemeni government has called on the World Bank to increase its support to the country amid the “huge challenges” its facing as a result of the war fueled by Iranian-backed Houthis, the Covid-19 pandemic, and climate change, reported the Saudi Press Agency (SPA). Yemeni PM Maeen Abdulmalik urged the World Bank to reconsider restructuring the support being ...

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• 7 June

  Oil price collapse deals heavy blow to Nigeria’s economy

  

  Bloomberg The collapse in international oil prices, having dealt a devastating blow to Nigeria’s finances, now threatens the West African nation’s shaky federal political system. Earnings from crude sales will plunge 80% to $2.84 billion this year, the nation’s budget office said last month. A protracted loss of income could leave most of Nigeria’s 36 states unable to function. It ...

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• 7 June

  Abu Dhabi invests AED3.6m on new tech to fight Covid-19

  

  Abu Dhabi / WAM The Abu Dhabi Stem Cells Center (ADSCC) has announced the installation of a piece of cutting-edge medical equipment that should help scientists reveal new insights into the Covid-19 virus. The ADSCC, a specialist healthcare center that focuses on cell therapy, regenerative medicine and research on stem cells, has acquired and installed a Helios Mass Cytometer, which ...

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• 6 June

  Masdar’s innovations support UAE’s food security strategy

  

  Abu Dhabi / WAM As Abu Dhabi’s pioneer in sustainability and a hub for research and development, Masdar City is building the community and spearheading the innovations to realise greener, more sustainable urban living. The city is trialling a number of innovations to support the mandate of the government in food security. In 2019, the city partnered with the Office ...

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• 6 June

  UAE sends medical, food aid to Mauritania to fight coronavirus

  

  ABU DHABI / WAM The United Arab Emirates on Saturday sent an aid plane containing 18 metric tons of medical and food supplies to the Islamic Republic of Mauritania to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 14,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, ...

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• 6 June

  UAE University ranked 38th best in Asia in 2020

  

  AL AIN / WAM UAE University (UAEU) is among the top 50 in Asia for the second consecutive year, advancing 11 ranks, to 38, according to The Times Higher Education Asia University Rankings 2020. The university surpassed last year’s achievement of joining the elite top 50 Asian universities for the first time, by moving up a further 11 places from ...

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• 6 June

  Etihad Airways lands in Cuba for first time

  Abu Dhabi / WAM Etihad Airways has operated its first ever flight to Havana, Cuba. The goodwill flight, chartered by the government of the United Arab Emirates, landed in the capital of the Caribbean island nation, carrying Cuban nationals returning home from the UAE. Havana is the latest addition to an expanding list of special charter flights to destinations not ...

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• 6 June

  Covid-19: Abu Dhabi invests AED3.6m in medical equipment

  

  Abu Dhabi / WAM The Abu Dhabi Stem Cells Center (ADSCC) has announced the installation of a piece of cutting-edge medical equipment that should help scientists reveal new insights into Covid-19 virus. The ADSCC, a specialist healthcare center that focuses on cell therapy, regenerative medicine and research on stem cells, has acquired and installed a Helios Mass Cytometer, which is ...

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• 6 June

  DIFC’s reinsurance sector witnesses 17.4% rise

  

  Dubai / WAM Dubai International Financial Centre (DIFC) on Saturday announced a sustained performance in the reinsurance sector. “The sector grew by 17.4 percent in 2019, representing the highest volume of premiums ever written in the market, further reinforcing the centre’s position as the leading reinsurance hub in the region,” DIFC said in a statement. The DIFC further confirmed that ...

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• 6 June

  Mozambique LNG project raises $15b of debt

  

  Bloomberg Total SA’s liquefied natural gas project in Mozambique raised $15 billion of debt — about the same size as the African country’s economy — exceeding a funding target even as the virus pandemic threatens the global financial system. Energy companies have struggled over the past few months as prices of everything from oil to natural gas slumped with the ...

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