May, 2020

• 17 May

  Hedge funds headed to quarantine stocks in Q1

  Bloomberg As the world began to go into lockdown, the biggest money managers loaded up on quarantine stocks. Netflix Inc., Peloton Interactive Inc., Amazon.com Inc. and Zoom Video Communications Inc. were some of the most sought-after names in the first quarter, according to regulatory filings. George Soros, Stan Druckenmiller and Philippe Laffont were among the managers piling into such stocks. ...

  Read More »
• 17 May

  Opec+ dazzles oil market with swift delivery of supply cuts

  

  Bloomberg In the face of an unprecedented oil market collapse, Opec+ is responding with an urgency never seen before. With unusual speed, the alliance is launching an unparalleled program of production cutbacks this month to offset the slump induced by coronavirus pandemic. The 23-nation coalition is well on its way to cutting 9.7 million barrels of daily crude output — ...

  Read More »
• 17 May

  Mohamed offers condolences to Ahmed Al Haj Al Habroush

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, offered his condolences to Ahmed Al Haj Abdullah Al Habroush on the death of his mother. In a phone call, His Highness Sheikh Mohamed expressed his heartfelt sympathy to the family of the deceased, ...

  Read More »
• 17 May

  UAE provides 43 tonnes of food aid in Yemen’s Daw’an

  

  Abu Dhabi / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC) has provided 1,000 food parcels weighing 43 tonnes to the residents of Daw’an district in the Yemeni Governorate of Hadramaut. The aid package was administered in line with the UAE’s efforts to help the families in Hadramaut impacted by the precautionary measures taken to contain ...

  Read More »
• 17 May

  Abu Dhabi puts local produce to the fore across major stores

  

  ABU DHABI / WAM Abu Dhabi Agriculture and Food Safety Authority (Adafsa) has directed major stores in Abu Dhabi to dedicate prominent spaces to display local agri-products, under the directives of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of Adafsa. The move, taken in coordination with Adafsa’s strategic partners from ...

  Read More »
• 17 May

  UAE discusses ways to improve functions of UNSC amid pandemic

  NEW YORK / WAM During an open debate of the UN Security Council on strengthening working methods of the body, the UAE discussed how the functioning of the Security Council can be improved during both the current extraordinary circumstances of the Covid-19 Pandemic as well as in its normal proceedings. “The coronavirus has thrown a curveball at the Security Council. ...

  Read More »
• 17 May

  Dubai Design District joins #AThread4Cause initiative

  

  Dubai / Emirates Business Dubai Design District (d3) has joined the Arab Fashion Council on #AThread4Cause to combat Covid-19, with seven partners poised to create thousands of protection gowns and surgical face masks for frontline medical workers. Dubai’s beating heart of creative design, home to more than 9,000 people and 385 companies, has pledged its support to #AThread4Cause – a ...

  Read More »
• 17 May

  Dewa reviews strategy to enhance its flexibility

  

  Dubai / WAM In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Saeed Mohammed Al Tayer, MD& CEO of Dubai Electricity and Water Authority (Dewa) chaired the first meeting, held remotely, with Dewa’s higher management team, to discuss the post-Covid-19 era. The meeting was attended ...

  Read More »
• 17 May

  Tadweer announces results of community awareness survey

  

  ABU DHABI / WAM Abu Dhabi Waste Management Centre (Tadweer) announced the 2019 results of a community awareness survey on proper waste handling and pest control practices. Conducted in partnership with Statistics Centre Abu Dhabi (SCAD) the survey used the stratified sample method and personal interviews with 2760 UAE citizens and residents from both genders and age groups across Abu ...

  Read More »
• 17 May

  Covid-19: UAE sends medical aid to Albania

  Abu Dhabi / WAM The United Arab Emirates sent an aid plane carrying seven metric tons of medical supplies to Albania. The aid will assist approximately 7,000 medical professionals as they work to combat the Covid-19 pandemic. Commenting on the aid delivery, Mohamed Meer Alraeesi, UAE Ambassador to the Hellenic Republic and Non-Resident Ambassador to the Republic of Albania, stated: ...

  Read More »