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Dubai Customs handles remote working efficiently

Dubai / WAM The Customs Development Division of Dubai Customs, which is in charge of developing innovative systems and platforms, showed that 96 percent of customs transactions were approved and endorsed automatically thanks to smart workspace system which reduced clearance time to 4 minutes only. Employees have used TEAMS Microsoft 615,000 times, completed 3.1 minutes of calling, and sent 440,000 ...

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China trade surplus surges to record as exports slump

Bloomberg China’s trade surplus surged to a record in May as exports fell less than expected, helped by an increase in medical-related sales, and imports slumped along with commodity prices. Exports decreased 3.3% in dollar terms from a year earlier, beating economists’ estimates, while imports plunged 16.7%. That resulted in a trade surplus of $62.93 billion. The record surplus comes ...

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India firm starts trials for drug for Covid-19

Bloomberg Sun Pharmaceutical Industries Ltd has launched clinical trials of a plant-derived drug it’s developing to treat Covid-19, joining the race to find an effective treatment for the disease that’s killed almost 400,000 people worldwide. India’s largest drugmaker will commence Phase II trials on 210 patients across 12 centers in India and the results are expected by October, according to ...

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Trump’s troop plan stuns Berlin, rocks postwar order

Bloomberg President Donald Trump’s directive to pull 9,500 troops from Germany hits home hard for friends of America like Edgar Knobloch, whose Bavarian town has been home to US service members for seven decades. Like Chancellor Angela Merkel, the mayor of Grafenwoehr was caught off guard. It’s the latest sign of the US’s deterioration of ties with a loyal ally, ...

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Guardians of world economy stagger from rescue to recovery

Bloomberg The world’s governments and central banks are shifting from rescue to recovery mode as the deepest slump since the Great Depression shows signs of bottoming out. After rolling out trillions of dollars worth of measures to prevent their economies and markets from collapsing, they are now doubling down with even more spending to backstop a recovery as coronavirus lockdowns ...

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US economy is still far from smooth sailing, port chief says

Bloomberg The US economy is unlikely to snap back quickly and may not return to normal until 2021, according to the chief of one of the nation’s biggest ports, after a government report raised hopes for a faster-than-expected rebound from a pandemic-induced recession. Even after the Labour Department’s surprisingly positive numbers on employment in May, “I’m still not convinced that ...

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Meagre job gains among women hurt Canada’s recovery

Bloomberg Canada’s labour market is showing signs of strength after months of Covid-19 destruction, but weakness in the jobs market for women is holding back the pace of the recovery. Recent labour market data show men are disproportionately benefiting from the phased reopening of the economy while women are struggling. In May, men recouped 14% of the nearly 1.5 million ...

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Masdar’s innovations support UAE’s food security strategy

Abu Dhabi / WAM As Abu Dhabi’s pioneer in sustainability and a hub for research and development, Masdar City is building the community and spearheading the innovations to realise greener, more sustainable urban living. The city is trialling a number of innovations to support the mandate of the government in food security. In 2019, the city partnered with the Office ...

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UAE sends medical, food aid to Mauritania to fight coronavirus

ABU DHABI / WAM The United Arab Emirates on Saturday sent an aid plane containing 18 metric tons of medical and food supplies to the Islamic Republic of Mauritania to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 14,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, ...

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UAE University ranked 38th best in Asia in 2020

AL AIN / WAM UAE University (UAEU) is among the top 50 in Asia for the second consecutive year, advancing 11 ranks, to 38, according to The Times Higher Education Asia University Rankings 2020. The university surpassed last year’s achievement of joining the elite top 50 Asian universities for the first time, by moving up a further 11 places from ...

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