May, 2020

• 2 May

  MBRSG launches series of free online workshops

  Dubai / Emirates Business The Mohammed bin Rashid School of Government (MBRSG) launched a series of free online workshops through Zoom platform to discuss the latest trends in the field of public administration, public policy and innovation management. The programme forms part of the school’s pioneering efforts in the UAE and the region aimed at improving government performance, qualifying human ...

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• 2 May

  Aman Insurance reports net profit of AED8.8mn in 2019

  

  Dubai / Emirates Business The General Assembly of Dubai Islamic Insurance & Reinsurance Company (Aman) PJSC lauded the great role played by the UAE visionary leadership, the decisions made by the government and the efforts made by the different competent authorities for fighting the novel coronavirus (Covid-19). The assembly also praised the efforts made by the healthcare providers, civil defence ...

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• 2 May

  UAE helps Australian family reunite after 2 months

  Dubai / WAM An Australian family residing in Dubai expressed its thanks and gratitude to the UAE for helping to reunite them in Dubai with their son, who was stuck in the Australian city of Sydney for nearly two months. Lindsey Summers, the mother of the child who has been living in Dubai for twenty years, told Emirates News Agency ...

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• 2 May

  Etisalat confirms its DPS of 25 fils pertains to Q1

  ABU DHABI / WAM The Emirates Telecommunications Group Company PJSC (Etisalat Group) announced that the dividend per share (DPS) of 25 fils announced by the Group in its disclosure dated April 1 pertains to the first quarter of 2020. “The objective of the interim dividend for the first quarter of 2020 is to boost liquidity of shareholders during these circumstances ...

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• 2 May

  UAE leadership has welfare of labour at heart: Sheikh Nahyan

  

  ABU DHABI / WAM The UAE leadership spared no effort in ensuring welfare of workers even under the current circumstances, said Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance. In a statement to mark the International Labour Day, Sheikh Nahyan said the UAE leadership has given a priority to the workers’ welfare, adding that the ‘Don’t Worry’ initiative launched ...

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• 2 May

  Hypermarkets in UAE see 78% surge in contactless payments

  

  Dubai / Emirates Business Samsung Gulf Electronics is encouraging UAE consumers to switch to safer alternatives such as mobile wallets to minimise potential hygiene issues while making purchases in stores. Samsung Pay, the brand’s mobile payment service, offers customers a convenient way to purchase anything through contactless payments in every corner of the country safely and securely. Mobile wallet transactions ...

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• 2 May

  India’s Reliance Industries profit falls 39%

  

  Bloomberg Stay-at-home orders across the world drove India’s most profitable oil refiner’s net income down 39%. Reliance Industries’s earnings slumped in the three months through March as lockdowns slammed oil prices and destroyed demand for fuels, hitting its mainstay refining business. The oil-to-chemicals business posted the biggest profit drop in nearly two decades, and prompted its chairman and Asia’s richest ...

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• 2 May

  Montana ruling could delay Keystone XL by a year, says TC Energy

  

  Bloomberg TC Energy Corp said a federal judge’s decision to block a key permit for the Keystone XL crude oil pipeline last month could delay the project for as much as a year. The Canadian pipeline giant thinks it can overcome the issues presented by the ruling and has been trying to mitigate any potential delays by working on other ...

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• 2 May

  Coal India April shipments fall 25.5%

  Bloomberg Coal India Ltd’s shipments in April slumped 25.5% from a year earlier after more than a month-long nationwide lockdown halted economic activity, eroding demand for India’s most dominant energy source. Shipments dropped to 39.1 million tons in the month, the Kolkata-based miner said in a filing. Output declined 10.9% to 40.4 million tons. Global coal demand is heading for ...

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• 2 May

  Trump weighs China stock ban for $50bn of Federal savings

  

  Bloomberg President Donald Trump is exploring blocking a government retirement fund from investing in Chinese equities considered a national security risk, a person familiar with the internal deliberations said. The Thrift Savings Plan — the federal government’s retirement savings fund — is scheduled to transfer roughly $50 billion of its international fund to mirror an MSCI All Country World Index, ...

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