April, 2020

• 26 April

  DSOA develops in-house disinfection tunnel

  

  DUBAI / Emirates Business Under the slogan ‘Your Safety is our Priority’, Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO) has developed an in-house Disinfection Tunnel to ensure the health and safety of its employees, customers, residents and the wider community at the hi-tech park. The initiative is in line with the National Sterilisation Program ...

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• 26 April

  Health sector launches new app ‘Alhosn UAE’

  ABU DHABI / WAM The Ministry of Health and Prevention, Abu Dhabi Health Authority and Dubai Health Authority have jointly launched an app named ALHOSN UAE for smart phones and devices. This new app, which can be downloaded on Android and IOS devices is free of cost, and will be an official digital platform for Covid-19 tests in the UAE. ...

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• 26 April

  EPAA to set up coral nursery project for Sir Bu Nair island

  

  SHARJAH / WAM Sharjah’s Environment and Protected Areas Authority (EPAA) is to collaborate with the Emirates Marine Environment Group (EMEG) to establish a large-scale coral nursery off the coast of the island of Sir Bu Nair. The project, part of EPAA’s annual programme of conservation initiatives for the island, is designed to mitigate the impact of coral bleaching events that ...

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• 26 April

  Reliance starts online portal based on WhatsApp in India

  

  Bloomberg Reliance Industries Ltd started testing its online shopping portal three days after Facebook Inc said it will invest $5.7 billion in digital assets controlled by billionaire Mukesh Ambani. JioMart, an e-commerce venture of Reliance Retail, went live in three neighbourhoods surrounding Mumbai, leveraging a deal that gives it access to WhatsApp’s 400 million users in India currently under lockdown. ...

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• 26 April

  Loose measures may slow Indonesian recovery

  

  Bloomberg Indonesia opted for less punishing social-distancing measures than its neighbours to stem the spread of the coronavirus. Now analysts are warning its economy will take much longer to recover than others in Southeast Asia. With the pandemic’s peak expected in late May, President Joko Widodo is recalibrating his strategy of large-scale social distancing rules and calling for a ramp-up ...

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• 26 April

  Singapore home prices fall over Covid-19

  Bloomberg Singapore home prices fell less than initially estimated in the first quarter, with an extended lockdown threatening to further push down values as the residential property comes to a standstill. Housing prices fell 1% in the three months ended on March 31, data from the Urban Redevelopment Authority showed. That compares to a preliminary estimate of a 1.2% decline. ...

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• 26 April

  Supplier of world’s nurses struggles to fight virus at home

  

  Bloomberg The Philippines is known for training nurses and exporting them to all corners of the world, but now the nation finds itself shorthanded just as its number of coronavirus infections and deaths skyrocket. The islands’ death toll from Covid-19 has surged nearly fivefold since April 1 to 462, and the confirmed cases have tripled to 6,981 as of April ...

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• 26 April

  Oil slump may no longer be a curse for renewable energy

  

  Bloomberg Low oil prices are usually a curse for green energy, but this time might be different. The collapse of the crude market has seen prices fall below zero for the first time in history. Yet Royal Dutch Shell outlined a bold programme to slash carbon emissions and invest in clean energy, while Eni said it’ll consider accelerating its ambitious ...

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• 26 April

  Eni reports 94% dip in profit, cuts output forecast

  

  Bloomberg Eni SpA reported a 94% drop in first-quarter profit and cut its production forecast for the year as demand is crushed by the coronavirus pandemic. While the large decline in earnings reflects in part a high tax rate, it provides signals for the rest of the industry, with the worst impact of oil’s historic plunge likely in the coming ...

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• 26 April

  BOC’s clients to face $1b losses on oil bet

  Bloomberg Bank of China (BOC) Ltd’s estimate for the carnage to retail investors from the collapse in a product linked to US crude oil futures has surged 11-fold to more than $1 billion as it consolidated reports from its nationwide network, according to people familiar with the matter. The lender’s estimate of losses to customers across China increased from about ...

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