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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 ...

Abu Dhabi / WAM The Abu Dhabi Stem Cells Center (ADSCC) has announced the installation of a piece of cutting-edge medical equipment that should help scientists reveal new insights into Covid-19 virus. The ADSCC, a specialist healthcare center that focuses on cell therapy, regenerative medicine and research on stem cells, has acquired and installed a Helios Mass Cytometer, which is ...

Dubai / WAM Dubai International Financial Centre (DIFC) on Saturday announced a sustained performance in the reinsurance sector. “The sector grew by 17.4 percent in 2019, representing the highest volume of premiums ever written in the market, further reinforcing the centre’s position as the leading reinsurance hub in the region,” DIFC said in a statement. The DIFC further confirmed that ...

Bloomberg Total SA’s liquefied natural gas project in Mozambique raised $15 billion of debt — about the same size as the African country’s economy — exceeding a funding target even as the virus pandemic threatens the global financial system. Energy companies have struggled over the past few months as prices of everything from oil to natural gas slumped with the ...

Bloomberg German Chancellor Angela Merkel was caught off guard by US President Donald Trump’s decision to pull 9,500 US troops out of Germany by September. The government wasn’t officially notified by the US about Trump’s plan, and it has so far only found out about the matter from media reports, a German government official said on Saturday, declining to comment ...

Bloomberg German Finance Minister Olaf Scholz is planning to raise more debt this year and next to help pay for the government’s massive stimulus program. Scholz will propose to raise debt by at least 30 billion euros ($33.9 billion) in a supplement to this year’s budget that will require parliamentary approval, according to people familiar with the discussion. Further borrowing ...

Bloomberg Bank of Spain Governor Pablo Hernandez de Cos is keeping up pressure on the government and lawmakers to ensure emergency spending on the coronavirus crisis is accompanied with a long-term plan to address the debts it will incur. “The measures have to include prudent forecasts about what would be the results of proposed spending cuts or of a proposed ...

Bloomberg Surrounded by largely empty offices, builders last month returned to Dublin’s tech district, known as Silicon Docks. Dressed in green vests and with new safety rules to comply with, workers raced to complete developments earmarked for Alphabet Inc.’s Google, just days after a navy coronavirus testing ship nearby left. Construction resumed even as the virus throws up a new ...

Dubai / WAM The UAE’s federal export credit company, Etihad Credit Insurance (ECI) has reaffirmed its commitment to support companies operating in the country in order to help them recover from the implications of Covid-19. During these challenging times, ECI continues to fulfill its mandate to support UAE businesses as the pandemic has caused financial institutions and private insurers to ...

ABU DHABI / WAM The United Arab Emirates on Thursday sent an aid plane containing eight metric tons of medical supplies to Cuba to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 8,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Bader Abdulla Saeed Almatroshi, UAE Ambassador ...