March, 2020

• 21 March

  Oil demand drops up to 20%, making price war a sideshow

  

  Bloomberg Oil demand is plummeting — some traders say by 10 to 20 million barrels a day, or a fifth of global consumption — as millions find themselves in lock-down or self-isolating, causing travel to grind to a halt. “Demand has been decimated in short term,” said Andy Hall, one of the most successful oil traders of his generation until ...

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• 21 March

  Australia plans $38.b in fresh stimulus package

  

  Bloomberg Australia plans an additional A$66 billion ($38.2 billion) in stimulus for the coronavirus-stricken economy, including cash payments of as much as A$100,000 to small businesses, in a second package aimed at averting recession and savings jobs. The plan, to be announced by Prime Minister Scott Morrison on Sunday, will provide A$25.2 billion in support to businesses and not-for-profit charities. ...

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• 21 March

  Boeing edges closer to win US bailout after $142bn wipeout

  

  Bloomberg Boeing Co. is edging closer to winning a government bailout as the once-mighty company races to secure a lifeline amid the aviation industry’s worst crisis in decades. Backstop financing would start to slide into place next week if the US Congress approves a Senate Republican proposal to provide as much as $208 billion in collateralised loans and loan guarantees ...

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• 21 March

  Adek sets up robust distance learning infra for UAE schools

  

  Abu Dhabi / WAM The Abu Dhabi Department of Education and Knowledge (Adek) has been working closely with private schools and technology partners in the past two weeks in an effort to prepare Abu Dhabi schools for the kick-off of distance learning, starting March 22. This follows the UAE Ministry of Education’s decision to temporarily suspend schools as a preventative ...

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• 21 March

  Water security a priority for Abu Dhabi

  

  ABU DHABI / Emirates Business “Water security is a priority for Abu Dhabi and the emirate is committed to determining the best ways to make optimal use of natural and desalinated water resources, as part of an ambitious plan to develop projects that ensure sustainable water supply for future generations,” said His Excellency Eng. Mohammed bin Jarsh Al Falasi, Undersecretary ...

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• 21 March

  Abu Dhabi extends 50% discount on tarffic fines

  

  ABU DHABI / WAM The General Headquarters of Abu Dhabi Police announced a three-month extension of the 50 per cent discount on traffic violations committed in the Emirate of Abu Dhabi, except those categorized as ‘dangerous’, to Junes 22. All black points and vehicle impoundments due before June 22 will also be cancelled. The Abu Dhabi Police called on all ...

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• 21 March

  Autoterminal Khalifa Port launches technical centre

  

  ABU DHABI / WAM Autoterminal Khalifa Port, a joint venture between Abu Dhabi Ports and Autoterminal Barcelona, the operator of the advanced RoRo terminal at Khalifa Port, has unveiled an all-new technical centre aimed at diversifying the portfolio of services on offer to customers. As the first facility of its kind in the region, the centre provides a wide range ...

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• 21 March

  Dubai banks announce business relief package for customers

  

  Dubai / WAM Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai banks have come together to offer a comprehensive relief package to help their customers ease financial pressures in the current economic environment caused by the coronavirus (Covid-19) outbreak. The measures announced by the ...

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• 21 March

  Fun animated characters to promote Arabic on Madrasa.org

  

  Dubai / Emirates Business Through animated characters and engaging digital content, Madrasa e-learning platform aims to promote and encourage Arabic language use among young students. Since December 2019, Madrasa.org added Arabic language video lessons to its library of over 5,000 Arabized educational videos in math and science to students from kindergarten to grade 12. In collaboration with children books’ publishing ...

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• 21 March

  du offers 500mbps internet speed for free

  

  DUBAI / emirates business du, from Emirates Integrated Telecommunications Company (EITC), has announced the availability of new services to provide customers with reliable and unlimited access to everything they require in the world of communication from the comfort of their homes. This is part of du’s ongoing commitment to provide all forms of support for residents in the UAE, enabling ...

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