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Bloomberg The International Monetary Fund (IMF) is ready to mobilise its $1 trillion lending capacity to help nations counter the coronavirus outbreak, with Managing Director Kristalina Georgieva calling for global coordination on monetary, fiscal and regulatory support. Georgieva reiterated in a blog post that the fund has $50 billion in flexible and rapid-disbursing emergency funds for developing nations, with as ...

Emirates Business The first ‘Adnoc On the go’ neighbourhood service station has officially opened its doors to the local community at Al Bateen, Abu Dhabi. Unveiled at Adipec in November 2019, the neighborhood station, which was conceptualised by an in-house team of designers. Smart technology enabled, the next-generation station allows customers to shop at the Adnoc Oasis convenience store, ordering ...

Abu Dhabi / WAM Abu Dhabi’s property developer and investor, Aldar Properties, announced an AED100 million commitment to support residents, tenants, customers and partners as part of its long-term sustainable stakeholder management approach. Commenting on the announcement, Mohamed Khalifa Al Mubarak, Chairman of Aldar, said, “We commend and are grateful for our wise leadership for its prompt and decisive action ...

Abu Dhabi / WAM ZonesCorp, the largest operator of purpose-built economic zones in the UAE, has successfully attracted over AED350 million in investments since the beginning of 2020. Spreading over an area of more than 260,000 square meters, these investments serve a variety of sectors including oilfield services, plastic and automotive. Mohamed Al Khadar Al Ahmed, Acting Director General of ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI), announced on Tuesday its free mobile office service “You call, We arrive” for all customers, as part of its precautionary measures to ensure the safety of its employees and customers. The move comes in line with the SCCI’s continuous efforts being made to provide valued added services to all ...

Ajman / Emirates Business As part of its efforts to enhance health and safety, Ajman Free Zone (AFZ) has launched a set of precautionary measures to tackle the spread of Coronavirus (Covid-19). These measures include disseminating factual information regarding Covid-19 to avoid spread of fake news as well as implementing a social distancing protocol. This involves requesting suppliers and investors ...

DUBAI / WAM Dubai Economy, in cooperation with the Dubai Municipality, closed nine cafes for failing to abide by instructions to immediately stop the provision of sheesha to customers, as part of the precautionary measures carried out to ensure public health and safety in the emirate amid Covid-19 concerns. Dubai Economy had directed all licensed sheesha cafes in the emirate ...

Dubai / WAM du, from Emirates Integrated Telecommunications Company (EITC), announced that it is extended its support of the nation’s distance learning initiative by doubling the internet speed at no additional cost for schools and universities across the country, to ensure seamless and uninterrupted connectivity during this time. Schools and universities will also benefit from double internet speed for fixed ...

DUBAI / WAM The Dubai Electricity and Water Authority’s (Dewa) Youth Council organised a forum on innovation under the theme, ‘Let’s Innovate with Dewa’s Youth’, which included panel discussions and workshops to empower employees and enhance their knowledge of AI, machine learning, and innovation. This is in addition to a brainstorming session, which highlighted the main pillars of the UAE ...

ABU DHABI / WAM Due to the rapid outbreak of Covid-19, and the suspension of air flights with a number of countries, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) has urged Emiratis abroad to return to their homeland, as part of the precautionary measures taken by the UAE to ensure the safety of its citizens. In a statement ...