Business & Money | Monday 20 April, 2020 1:59 pm

Apicorp General Assembly Ratifies A Landmark Callable Capital Increase To Usd8.5 Billion, Demonstrating Strong Shareholder Support And Long-term Commitment

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced today that its General Assembly ratified a landmark increase in callable capital to USD8.5 billion at its Annual General Meeting (AGM), as well as a significant...

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Business & Money | Monday 20 April, 2020 1:57 pm

Mashroat signs MoUs with Ministry of Transportation and National Water Company

The National Project Management, Operation, and Maintenance Organization in Public Entities (Mashroat) recently signed Memorandums of Understanding (MoUs) with the Ministry of Transportation and the National Water Company (NWC) as part of the government’s ongoing program to standardize operation...

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Business & Money | Monday 20 April, 2020 1:44 pm

Department of Municipalities and Transport: 10% Increase in Building Permits Issued During Q1 2020 to reach 2563

The Department of Municipalities and Transport announced that the number of building permits issued by its subsidiaries in the first quarter of this year increased by 10% in comparison to the same period last year to reach 2563 permits for buildings in various vital sectors. According to the...

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Business & Money | Sunday 19 April, 2020 9:50 pm

KPMG urges companies to improve cashflows during COVID-19 era

Short-term cashflow challenges threaten survival of some businesses   Operating cashflow challenges in the short term are creating major challenges for many  businesses, as the COVID-19 pandemic creates unprecedented levels of disruption and uncertainty on a local and global...

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Business & Money | Sunday 19 April, 2020 5:26 pm

Medical check-ups rolled out for over 10,000 RAKEZ labours

Ras Al Khaimah Economic Zone (RAKEZ) has recently carried out 10,000 medical check-ups for labours in working from RAKEZ industrial zones. The check-ups took place inside clients’ facilities and labour accommodations within the sites. This ongoing initiative is being conducted in collaboration...

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Business & Money | Sunday 19 April, 2020 5:13 pm

Free disinfectant and laundry detergent for retail, delivery service and health workers

DAC and Persil, laundry and home care brands of the German company Henkel, join hands to launch a CSR campaign to protect frontliners who are braving a challenging environment at a time of pandemic.#SupportFrontliners is an initiative that aims to help safeguard health, retail and delivery service...

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Business & Money | Sunday 19 April, 2020 12:36 pm

Bayt.com: 2 in 3 GCC Professionals Foresee Increase in Virtual Job Search Amidst Coronavirus Pandemic

81% of GCC Professionals Believe Technology Is Helping Mitigate the Effects of the COVID-19 Pandemic   ing their everyday professional life, while 77% declare that it is influencing their everyday personal life. Many businesses are developing or implementing work-from-home...

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Business & Money | Sunday 19 April, 2020 12:02 pm

Dubai Customs completes 22 enhancements of its customs systems

Dubai Customs’ IT Department has remotely completed 22 major enhancements to its systems. The step covered a number of internal and external customs systems and aimed at facilitating procedures and supporting clients’ businesses in fulfilment of the stimulus package launched by the Dubai...

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Business & Money | Sunday 19 April, 2020 11:46 am

Labour Standards Development Authority in Sharjah intensifies Coronavirus awareness for workers

The Labour Standards Development Authority in Sharjah has intensified awareness campaigns for workers in the Emirate of Sharjah against coronavirus, Covid- 19, for their protection, health and safety, and to minimize the risk among them. The LSDA campaigns were initiated at the directives of the...

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Business & Money | Sunday 19 April, 2020 11:18 am

The CMA CGM Group announces the arrival of the first vessel to call the port of Yanbu

The CMA CGM Group, a global leader in shipping and logistics, is pleased to announce the arrival of its first vessel (1,100 TEUs) today, April 19th 2020, at the port of Yanbu and officially inaugurates the recently launched JEDDEX line.   CMA CGM is the first and only shipping line...

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