April, 2020

• 14 April

  Oil declines as concern of steep recession counters Opec+ cut

  

  Bloomberg Oil erased earlier gains as the demand destruction caused by the coronavirus pandemic outweighed planned output cuts from the world’s biggest producers. Futures fell 4.6% in New York amid persistent concerns of a massive supply glut. A key timespread on American benchmark — a gauge of the health of the market — is at its weakest level in more ...

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• 14 April

  Covid-19: UAE sends aid plane to Cyprus

  ABU DHABI / WAM The UAE has sent an aid plane carrying eight metric tonnes of medical supplies to Cyprus, benefitting nearly 10,000 healthcare professionals in the fight against the Covid-19 pandemic. “Providing support to countries affected by Covid-19 is a humanitarian obligation upon all countries, as strengthening multilateral cooperation is necessary to overcome this crisis,” said Sultan Ahmed Ghanem ...

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• 14 April

  dnata takes initiatives to deliver extra value for customers

  

  DUBAI / Emirates Business dnata corporate Travel, one of the largest business travel management companies in the Middle East, has taken several initiatives to provide the highest possible value to its corporate customers to help them navigate today’s challenging and fast-changing global travel environment. dnata has focused on minimising the impact on customers’ travel budgets whilst complementing their duty of ...

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• 14 April

  Dubai fines 9 merchants for raising face mask prices

  

  DUBAI / WAM The Commercial Compliance and Consumer Protection (CCCP) division at Dubai Economy has imposed fines on nine merchants, including five pharmacies, a supply company, a supermarket, and a trading company for taking advantage of the present circumstances by inflating the prices of face masks. Dubai Economy said in a statement that the action was taken following consumer complaints ...

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• 14 April

  DLD unveils initiative to provide support for tenants, landlords

  

  Dubai / WAM Dubai Land Department (DLD) through its Real Estate Regulatory Agency (RERA) announced the launch of a new CSR initiative called ‘Together’, in cooperation with a number of jointly owned property (JOP) management companies in Dubai. The initiative, which aims to provide support for tenants and landlords, confirms the solidarity of all efforts in the UAE, within the ...

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• 14 April

  AMAF continues sterilisation programme

  DUBAI / WAM Awqaf and Minors Affairs Foundation (AMAF) announced that it will continue the comprehensive sterilisation and disinfection drive in the Foundation’s buildings across Dubai. The move is part of the National Sterilisation Programme, launched by the UAE Ministry of Health and Prevention and the Ministry of Interior in coordination with the relevant federal and local authorities on March ...

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• 14 April

  DMCC expands global outreach to attract businesses to Dubai

  

  DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, is accelerating its digital outreach to support its member companies and attract new business to Dubai. For the first time, DMCC successfully hosted its flagship ‘Made for Trade Live’ international roadshow event virtually with business leaders in Johannesburg, South Africa, seeking ...

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• 14 April

  P/E ratio enhances attractiveness of UAE stock markets

  

  ABU DHABI / WAM The UAE stock markets have maintained their competitive edge in the Gulf and Middle East region over the past period, as their average Price Earnings Ratio (P/E Ratio) stood at 12.43 times over the past 12 months, according to recent statistics released by the Abu Dhabi Securities Exchange and Dubai Financial Market. The most popular metric ...

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• 14 April

  Four million visits to UAE government portal in Q1

  

  DUBAI / WAM The number of visitors to the official portal of the UAE government (U.AE) exceeded 2.9 million during the first quarter of 2020, an increase of 56.63 percent from the first quarter of 2019, the Telecommunications Regulatory (TRA) announced. The authority added that there were four million visits to the portal in the first quarter of this year, ...

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• 14 April

  Comprehensive maintenance programme for flydubai fleet

  

  DUBAI / WAM Dubai-based airline, flydubai’s, grounded fleet has been undergoing a thorough scheduled maintenance programme following the announcement from the National Emergency Crisis and Disasters Management Authority and the General Civil Aviation Authority to suspend all passenger operations until further notice. The airline received guidance issued by the manufacturer to all Next-Generation Boeing 737 operators on scheduled maintenance tasks ...

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