April, 2020

• 28 April

  Embraer sinks to lowest since ‘09 on $4.2b Boeing breakup

  

  Bloomberg Embraer tumbled to the lowest since 2009 after Boeing scrapped a proposed $4.2 billion commercial-jet deal amid a severe slump in aircraft sales. The Brazilian planemaker has already begun arbitration proceedings, according to a regulatory filing, two days after vowing to seek damages from Boeing. The US aerospace giant pulled the plug on April 25, citing unspecified issues. Last ...

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• 28 April

  Vietnam Air to provide 2 direct US flights

  Bloomberg National carrier Vietnam Airlines JSC will provide flights to San Francisco and Washington DC for Americans in early May, according to a posting on the website of the US Embassy & Consulate in Vietnam. The flights were arranged after most international flights to and from Vietnam were suspended due to the novel coronavirus outbreak. The first flight is scheduled ...

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• 27 April

  Adnoc, ADPower enter JV for sub-sea transmission system

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), and Abu Dhabi Power Corporation (ADPower) announced on Monday the issuance of a joint tender for a first-of-its-kind project in the Middle East & North Africa (Mena) region. The joint tender sets out to develop and operate the region’s first high-voltage, direct current, HVDC, sub-sea transmission system, that will ...

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• 27 April

  Oil slips back below $15 on glut as producers start cuts

  

  Bloomberg Oil dropped back below $15 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output. Futures in New York slid 16%, snapping a four-day gain. While US drilling is sliding and Saudi Arabia started reducing output ahead of the start date for Opec+ supply cuts, an immense glut ...

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• 27 April

  Saudi inks SR995m deal with China to provide 9 million Covid-19 tests

  

  RIYADH / WAM The government of Saudi Arabia signed a SR995 million contract with China to provide nine million Covid-19 tests for nine million people in the Kingdom. The Saudi Press Agency (SPA) reported that the decision came “as a result of a phone call made between the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud ...

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• 27 April

  India considers $39b small-business loans

  

  Bloomberg India is considering a proposal to guarantee as much as 3 trillion rupees ($39 billion) of loans to small businesses as part of a plan to restart Asia’s third-largest economy, which is reeling under the impact of a 40-day lockdown, people with knowledge of the matter said. Under the proposal, small firms will be eligible to borrow an additional ...

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• 27 April

  Adafsa offers 142,000 services in Q1 of 2020

  ABU DHABI / WAM The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) executed 142,063 transactions for the public through its digital channels and customer service centres across the emirate of Abu Dhabi, during the first quarter of 2020. The number of services conducted using the ADAFSA’s smart application and website reached 138,423, accounting for 97.4 percent of the total ...

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• 27 April

  Arab Reading Challenge to promote reading among students

  

  Dubai / WAM The Arab Reading Challenge (ARC) initiative has announced holding online interactive sessions on Instagram to promote reading among students. Through eight interactive sessions during the Holy Month of Ramadan, children’s books authors, experts and media figures will address a variety of topics on reading and share tips on book selection, storytelling and writing. The sessions, to broadcast ...

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• 27 April

  Abu Dhabi Commercial Court conducts 579 remote trials

  

  ABU DHABI / WAM The Abu Dhabi Commercial Court has held 579 remote trials with various litigation degrees of First Instance and Appeal, through video-conference system, since the activation of the remote work plan of the Abu Dhabi Judicial Department (ADJD). According to detailed information, the judges of the Commercial Court held 165 hearings in the Chambers of First Instance, ...

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• 27 April

  MFNCA forms ‘Youth Council’

  

  ABU DHABI / WAM The Ministry of State for Federal National Council Affairs (MFNCA) formed a ‘Youth Council’ in coordination with the Federal Youth Authority to empower youth and enable them to play their part in serving their country, in line with the UAE’s leadership directives. In a statement by the ministry on Monday, the MFNCA’s Young Employees Council will ...

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