May, 2020

• 30 May

  Covid-19: MoF announces fee reductions to boost economy

  

  ABU DHABI / WAM The Ministry of Finance (MoF) issued three new decisions for federal entities across the UAE, as part of its remit to revise and reduce federal fees. These decisions are: Cabinet Resolution No. (36) of 2020 on registering suppliers in the Federal Supplier Register, Cabinet Resolution No. (37) of 2020 on amending certain provisions of Cabinet Resolution ...

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• 30 May

  DFF report explores future of retail post-Covid-19 crisis

  

  Dubai / WAM The Dubai Future Foundation (DFF) has released its latest report titled “Life After Covid-19: Retail” which showcases online retailers and e-commerce platforms experiencing dramatic growth as consumers avoid shopping malls in response to Covid-19. The report, launched within the Foundation’s “Life after Covid-19.” series and includes eight reports to date, and tackles the different challenges and opportunities ...

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• 30 May

  Sheikha Fatima praises women’s contribution to global peacekeeping

  Abu Dhabi / WAM Her Highness Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU) President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF) praised the contributions made by women to peacekeeping operations around the world. This came in a statement she made to mark the International Day of ...

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• 30 May

  More businesses to resume economic activities in Ajman

  

  AJMAN / WAM More businesses will be allowed to resume economic activities from Sunday, May 31, under “Guidelines and Protocols for Reopening of Economic Activities”, the Department of Economic Development in Ajman (DED-Ajman) announced. Cinemas, gyms, fitness clubs, children’s saloons as well as valet parking and car washing service will receives customers at 50 percent of their total capacity with ...

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• 30 May

  SBWC doubles membership rates in five years to hit 2,246

  

  Sharjah / Emirates Business Doubling its member base to 2,246 in just a span of five years, the Sharjah Business Women Council (SBWC), an affiliate of Nama Women Advancement Establishment, has charted an impressive story of development and growth, achieving major milestones in recent years. Staying true to its vision of creating a nurturing and stimulating environment for businesswomen and ...

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• 30 May

  Covid-19: UAE sends medical aid to Sudan

  ABU DHABI / WAM The United Arab Emirates sent an aid plane containing 11 metric tons of medical supplies to Sudan to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 11,000 medical professionals as they work to contain virus. Commenting on aid delivery, Hamad Mohammed Humaid Al Jneibi, UAE Ambassador to Sudan, stated: ...

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• 30 May

  SGH Sharjah saves 43-year-old comatose heart-attack patient

  

  Sharjah / Emirates Business The Saudi German (SGH Sharjah) hospital medical staff saved a 43 year old young man of an Arab nationality when he was admitted to the emergency section at SGH Sharjah in a difficult condition as he was suffering from severe pain in the abdomen and chest areas due to exhaustion of heart muscle and failure of ...

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• 30 May

  China bank no longer considers fossil fuels ‘green’

  

  Bloomberg Fossil fuels are no longer considered “green” by China’s central bank. The People’s Bank of China (PBOC) plans to remove “clean utilisation of fossil fuel” projects from the list of programs that can be funded by green bonds, according to a draft plan. The bank has drawn the ire of environmentalists for allowing the sustainable financing tools to fund ...

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• 30 May

  Occidental cuts dividend over rising debt woes

  Bloomberg Occidental Petroleum Corp cut its quarterly dividend by 91% to the lowest since at least the 1970s amid the pandemic-driven collapse in energy demand that has strained the oil explorer’s ability to shoulder its debt. Occidental shareholders will receive a penny per share on July 15, the Houston-based company said in a statement. The move extends a cut announced ...

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• 30 May

  Berlin’s new airport is still worth celebrating

  

  Too bad I didn’t keep our plane tickets from 2012 as souvenirs. They showed us departing from Los Angeles (LAX) and arriving at Berlin Brandenburg Airport (BER), which was just about to open. But the launch, already delayed the previous year, was again called off at the last minute. So we landed instead at the charming but small Tegel airport ...

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