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ABU DHABI / WAM The Dubai Islamic Bank (DIB) donated AED16 million to Zakat Fund, whose projects this year are being carried out under the slogan, “Your Zakat Means Safety and Security.” Abdullah Aqeeda Al Muhairi, Secretary-General of the Zakat Fund, praised the bank for its donation, as well as for its positive humanitarian and charitable role in improving standards ...

ABU DHABI / WAM Louvre Abu Dhabi has announced the launch of an offering that will see the museum’s collections interpreted through the art of music. The partnership with anghami, the Mena region’s largest music streaming app, will see the curation of audio playlists with a bespoke selection of soundtracks that respond to different themes, moods and inspirations found in ...

Bloomberg India’s 21 trillion rupee ($277 billion) virus-relief package fell short of economists’ expectations, providing fiscal measures that will help improve growth over the years without delivering an immediate boost to an economy that desperately needs it. Analysts have been pouring over the details provided by Finance Minister Nirmala Sitharaman over the past five days, and the conclusion of many ...

Bloomberg Total SA abandoned a plan to acquire assets from Occidental Petroleum Corp in Ghana, walking away after a proposal to buy Algerian projects from the US company also collapsed. The breakdown of both sales is a setback for Occidental, which had earmarked the proceeds to help reduce debt after buying Anadarko Petroleum Corp for $37 billion last year. After ...

Bloomberg New York has again denied a key permit for a controversial $1 billion natural gas pipeline being developed by Williams Cos. The state’s Department of Environmental Conservation rejected Williams’ latest application for a water permit for its Northeast Supply Enhancement project after denying the pipeline the same permit last year. The conduit was at the crux of a standoff ...

Bloomberg German Chancellor Angela Merkel’s government may try to tame growing opposition to onshore wind developments by offering cash sweeteners to local councils and consumers. A plan drawn up by officials in Berlin suggest municipalities could earn as much as 20,000 euros ($21,600) a year for each newly-erected wind turbine in their districts from 2021, according to a copy of ...

Today, no government sees defending liberal trade as its first order of business. More urgent matters demand attention. But trade is no sideshow. If governments fail to shape a stronger trade system, and defend it to their voters, a reversal of globalisation is possible. That could end up causing more long-term economic damage than any other consequence of the coronavirus ...

Each virus has its unique pattern of spread, and scientists are starting to get a handle on how the novel coronavirus behaves. This understanding is making it possible to rank the risks of different activities from high to low to trivial. The most informative studies show how the disease is spreading in the real world — a big advance over ...

The coronavirus pandemic is likely to bring about many deep, long-lasting changes in US society and the economy. It’s difficult to predict what most of those will be. Unfortunately, one likely possibility is that college towns will suffer. For the past few decades, college towns have been a pillar of the economy. Universities draw in lots of educated workers, in ...

Residents of nursing homes or similar facilities account for at least one-quarter of US deaths from Covid-19. The true figure might be a lot higher. The coronavirus has spread to nearly 7,000 nursing homes in all 50 states. In at least seven — Delaware, Maine, Massachusetts, Oregon, Pennsylvania, Rhode Island and West Virginia — more than half of all Covid-19 ...