May, 2020

• 10 May

  $85b rescue package unlikely to prop up troubled airlines

  

  Bloomberg Governments have devoted more than $85 billion to propping up airlines after the coronavirus pandemic wiped out travel demand and grounded jetliner fleets. But with job cuts racking up, a debate is raging over whether opening the spigot will do more than merely delay the inevitable. Global air traffic may only get back to 50% to 60% of usual ...

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• 10 May

  Rakez holds open dialogue with clients

  RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez), organised its ‘Customers Come First’ webinar, one of Rakez digital events that intended to provide valuable information and platform for discussions between Rakez and its clients during social distancing times. Presented by Ryanne Van Der Eijk, Rakez Chief Customer Experience Officer, the webinar walked SME and industrial clients through ...

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• 10 May

  Sheikh Khalid launches advanced logistics & trade platform at Kizad

  

  ABU DHABI / WAM HH Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, and Chairman of the Abu Dhabi Executive Office, inaugurated the Single Window of Logistics & Trade in Abu Dhabi during a visit to Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports. HH Sheikh Khalid bin Mohamed ...

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• 10 May

  UAE sends medical aid to Niger, Mali in fight against Covid-19

  

  ABU DHABI / WAM The United Arab Emirates on Sunday sent an aid plane containing six metric tons of medical supplies to Niger to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 6,000 medical professionals as they work to combat the virus. Commenting on the aid delivery, Amer Al Menhali, Charge d’Affaires of ...

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• 10 May

  Rakez holds open dialogue with clients

  Ras Al Khaimah / Emirates Business Ras Al Khaimah Economic Zone (Rakez) has organised its ‘Customers Come First’ webinar, one of the RAKEZ digital events that are intended to provide valuable information and platform for discussions between the Rakez and its clients during social distancing times. Presented by Ryanne Van Der Eijk, Rakez Chief Customer Experience Officer, the webinar walked ...

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• 10 May

  Agthia group revenue rises 12% to hit AED571 million

  

  ABU DHABI / WAM Agthia Group on Sunday announced its financial results for the first quarter of 2020, registering total revenues of AED571 million, a 12 percent year-on-year growth compared to the same period in 2019. In a statement on Sunday, Agthia registerd net profits of AED27 million as of March 31. The group’s agri-business recorded AED273 million in revenues, ...

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• 10 May

  DSOA announces additional incentives, packages for partners

  

  Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA) allocated additional exemption packages and incentives to the business sector, in line with Dubai’s government decision to gradually open a number of economic sectors, shopping centers and commercial stores. This step is a continuation to the previous relief packages implemented by DSO which were well-received by partners and stakeholders. The new ...

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• 10 May

  DP World supports Senegal in fight against coronavirus

  

  Dubai / WAM DP World Dakar has kept trade flowing in the fight against the spread of Covid-19 in Senegal, working to make certain that vital goods such as food and medical supplies can get through, while ensuring strict health and safety measures are in place to protect employees. In a statement, DP World explained some of the working mechanisms ...

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• 10 May

  Pemex arm declares force majeure on fuel

  

  Bloomberg Petroleos Mexicanos’s trading arm PMI has declared a force majeure on some fuel cargoes, deferring other cargoes until later in the year, after measures to contain the coronavirus outbreak pummeled demand. Some fuel deliveries are being postponed until the second half of the year, according to people familiar with the situation. More than 70 tankers were waiting to unload ...

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• 10 May

  Ghana directs Eni to club oil deposit with local driller

  

  Bloomberg Ghana’s government directed Eni SpA to start talks on combining its deposit at an offshore field with a neighbouring explorer, according to a letter seen by Bloomberg. The Italian major, which operates the Sankofa Oil and Gas fields in a venture with Vitol Holding, has 120 days to conclude a draft so-called unitisation and operating agreement with Springfield Exploration ...

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