April, 2020

• 7 April

  Abu Dhabi’s ‘Safeen’ acquires its largest service vessel to date

  

  Abu Dhabi / Emirates Business Safeen, Abu Dhabi Ports’ maritime service arm, announced a successful acquisition of a Post Panamax bulk carrier, making it largest vessel ever to join its inventory. Built in Romania and in service since 2006, the vessel will operate under the name “Hafeet” and will initially undergo an extensive conversion, prior to commencing operations. The refitting ...

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• 7 April

  ERC volunteers play significant role in fight against coronavirus

  

  ABU DHABI / WAM The Emirates Red Crescent (ERC) underlined the significant role played by its volunteering teams in supporting the national efforts taken at the country level to fight the Covid-19 in cooperation with other competent bodies. “HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, Chairman of the Emirates Red Crescent, is closely following ...

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• 7 April

  SBA announces huge line-up of 90 programs in Ramadan

  Sharjah / Emirates Business The Sharjah Broadcasting Authority (SBA) has lined up more than 90 programmes covering a range of topics to be broadcast on its radio and television channels during the holy month of Ramadan this year. The announcement came at a virtual press conference held on Tuesday. Aligning with the UAE’s directives for social distancing to combat the ...

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• 7 April

  Japan declares state of emergency for Tokyo, Osaka over Covid-19

  

  Bloomberg Japanese PM Shinzo Abe declared an emergency for Tokyo and its surrounding regions, after a recent surge in the number of confirmed coronavirus cases in the metropolis sparked alarm. The one-month emergency period from April 7 will cover Osaka, Kanagawa, Saitama, Chiba, Hyogo and Fukuoka prefectures as well as the capital. The move hands powers to local governments to ...

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• 7 April

  India partially lifts malaria drug export ban on US call

  

  Bloomberg India partially lifted a ban on the exports of a malaria drug after President Donald Trump sought supplies for the US, according to government officials with knowledge of the matter. Exports of hydroxychloroquine and paracetamol will be allowed depending on availability of stock after meeting domestic requirements and existing orders, said the government officials, who asked not to be ...

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• 7 April

  China’s Megvii faces HKEX queries on IPO application

  Bloomberg Chinese artificial-intelligence (AI) giant Megvii Technology Ltd is facing additional queries from the Hong Kong bourse ahead of its planned initial public offering, people familiar with the matter said. Some questions relate to public complaints about whether the company adequately disclosed risks related to US sanctions, the people said, asking not to be identified because the information is private. Megvii, ...

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• 7 April

  Thailand plans $30.5 billion borrowing for latest stimulus

  

  Bloomberg Thailand plans new borrowing of 1 trillion baht ($30.5 billion) for its latest stimulus package to tackle the economic impact of the coronavirus outbreak. The package is worth about 1.9 trillion baht overall as it also includes 900 billion baht of steps by the Bank of Thailand, finance minister Uttama Savanayana said in a briefing in Bangkok. The Thai ...

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• 7 April

  Taiwan bans official use of Zoom over security concerns

  Bloomberg Taiwan barred all official use of Zoom, becoming one of the first governments to impose an outright ban on the popular video-conferencing app over security concerns. Agencies should avoid using services such as Zoom as they may have security flaws, the island’s cabinet said. Governments, companies and individuals around the world, including in Taiwan, have been using the app ...

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• 7 April

  Chinese commodities show road to recovery

  

  Bloomberg From oil to copper to coal, China’s gigantic commodities industry is signalling that the first economy to be flattened by the coronavirus is getting closer to a return to normality. Bloomberg Economics estimates that most of China was 90%-95% back to work at the end of last week, noting pick-ups in the steel market, construction activity and crude processing. ...

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• 7 April

  Shale drillers urge to clamp down on crude production

  

  Bloomberg Some old-guard Texas oil drillers are urging state regulators to clamp down on crude production to halt a price collapse more severe than any of them have ever lived through. The largest US oil-producing state hasn’t restricted crude production in almost 50 years but a growing chorus of explorers and related industries are advocating just such a move. The ...

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