May, 2020

• 10 May

  Canada Inc. reports cloudy outlook, stocks still surge

  Bloomberg After weeks of wondering how corporate Canada fared in the early days of the Covid-19 pandemic, investors finally got a proper look under the hood. Senior executives spoke about the impact. Some described the future as too hard to predict. Others tried to identify parallels and differences with the financial crisis. By withdrawing their 2020 forecasts, many Canadian companies ...

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• 9 May

  Covid-19: Mohamed orders all costs paid for stem cell treatment

  

  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, ordered payment of all costs related to treatment of critical cases of coronavirus through stem cell therapy. The initiative of His Highness Sheikh Mohamed bin Zayed Al Nahyan comes after the Abu Dhabi Stem ...

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• 9 May

  Oil posts second weekly gain on deepening production cuts

  

  Bloomberg Oil notched its first back-to-back weekly gain since February amid optimism around production cuts beginning to eat into a massive supply glut. Futures in New York climbed 25% this week. Explorers are cutting production in response to crude oil trading in the $20-a-barrel range. EOG Resources Inc. is cutting about a quarter of its oil production for May in ...

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• 9 May

  DFAc highlights distance learning strategy of UAE

  

  Dubai / Emirates Business In the era of distance learning capability brought in by the Covid-19 pandemic, a line-up of ministers and decision makers in the education sector highlighted why it is critical to develop a sound implementation strategy to ensure the continuity of higher education and learning, during a session titled, ‘Life After Covid-19: Higher Education’. The virtual session ...

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• 9 May

  FCA distributes 150,000 iftar meals

  Fujairah / WAM Fujairah Charity Association (FCA) distributed 150,000 iftar meals in the first half of the Holy Month of Ramadan to workers and underprivileged families in the emirate of Fujairah. Saeed bin Mohammed Al Raqbani, Chairman of FCA, stated that an average of 10,000 meals was delivered daily to the beneficiaries. The plan is to deliver 300,000 meals by ...

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• 9 May

  DLD stresses adhere to realty advertising laws

  

  Dubai / Emirates Business The Real Estate Regulatory Agency (RERA) imposed a AED 50,000 fine on a real estate company that was found to have violated the laws related to the escrow account and permits of real estate advertisements, specifically Law No. (8) for 2007. RERA calls on all real estate companies and brokers to abide by laws and regulations ...

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• 9 May

  Emirates strengthens cargo connections to South America

  

  Dubai / Emirates Business Emirates SkyCargo announced, it has introduced weekly scheduled cargo flights on its Boeing 777-300ER passenger aircraft to Sao Paulo. This will allow for importers and exporters in the region to stay connected with their trading partners across the world with access to around 40 tonnes of cargo capacity on the lower deck of the Emirates aircraft. ...

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• 9 May

  Nahyan bin Mubarak praises ‘Pray For Humanity’ call

  

  ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, praised the call of the Higher Committee of Human Fraternity to all people to make Thursday, May 14, a day to pray to end the coronavirus pandemic. Sheikh Nahyan said that His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...

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• 9 May

  Adafsa supports ERC’s humanitarian programs

  

  ABU DHABI / WAM As part of its social responsibility programmes and voluntary efforts, Abu Dhabi Agriculture and Food Safety Authority (Adafsa), represented by its social service program “Auwn”, participated in several charitable and humanitarian schemes performed Emirates Red Crescent (ERC) during the holy month of Ramadan. This participation comes as part of its initiative “from your homes lighting their ...

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• 9 May

  Ma’an delivers over 3 million meals to workers in Abu Dhabi

  

  ABU DHABI / Emirates Business The Authority of Social Contribution – Ma’an has announced its ‘Together We Share’ initiative has already delivered more than more than 3 million nutritious meals to workers across the Emirate of Abu Dhabi. Since deliveries started on 1 May, meals have been provided for tens of thousands of workers based in accommodation across 35 complexes ...

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