Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Friday, November 26, 2021

Son’s death anniv becomes luck charm of Pinay who won AED500,000 (PHP6.5M) in Mahzooz raffle


Son’s death anniv becomes luck charm of Pinay who won AED500,000 (PHP6.5M) in Mahzooz raffle



A Filipina based in Sharjah who bought a ticket for the Mahzooz raffle last March 8, the anniversary of his son’s death, took home AED500,000 or approximately PHP6.5 million pesos.

The 38-year-old Pinay expat matched five out of six numbers to split the one million dirham to a Pakistani national named Farhan during the raffle draw on March 13, reported Gulf News.

Catherine, who is married and two other kids, said she felt “something big was going to happen” on the day she bought the ticket.

“That day, I had a feeling that I just couldn’t understand. I just knew that something big was going to happen,” she said.

Catherine lost her child a few years ago to a rare disease called biliary atresia, a liver disorder that requires a transplant.

Catherine also shared how she got the winning numbers 3, 8, 19, 24, 25 and 47.

“The numbers I chose are all related to us. 3 is my eldest son’s birthday, 8 is the anniversary of the death of my second son, 19 is my youngest son’s birthday, 24 is my birthday and 25 appeared in my dreams,” she said.

As for her plans for the prize, Catherine bared that she intends to share it with her family and donate to their church as well as patients suffering from biliary atresia.

“This money will be spread out – we will give a portion to the church, donate to biliary atresia patients, give some to my siblings and start a business of our own,” she said.

Monday, April 19, 2021

Lucio Tan Admitted To Hospital Due To COVID-19


Business tycoon Lucio Tan was hospitalized after contracting COVID-19, his daughter confirmed on Saturday.

In an Instagram post, Vivienne Tan thanked everyone who prayed for his father’s swift recovery.

“He is in stable condition, responding well, and recovering,” she said.

Vivienne also asked for some privacy at this time.

“Please continue to pray for his speedy recovery. Thank you,” she wrote.

Lucio Tan, 86, is the chairman of MacroAsia and LT Group.

He also owns Philippine Airlines and Philippine National Bank.

Dar Al Ber Society Donates AED20 Million For 100 Million Meals Campaign

Dar Al Ber Society, one of the first charities established in the UAE, donated AED20 million to the ‘100 Million Meals’ campaign aimed at providing food parcels for disadvantaged individuals and families across 20 countries in the Middle East, Asia, and Africa during the Holy Month of Ramadan.

Dar Al Ber’s contribution will help provide 20 million meals to low-income communities in beneficiary countries including Egypt, Pakistan, Jordan, Lebanon, Syria, Angola, Ghana, Sierra Leone and Uganda.

Food parcels are distributed in an integrated network of collaboration between the campaign’s organizer Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), the United Nations World Food Programme, Mohammed bin Rashid Al Maktoum Humanitarian and Charity Establishment (MBRCH), Food Banking Regional Network, and local humanitarian organizations in beneficiary countries.

Mohammed Souhil Al Muhairi, Executive Director of the Dar Al Ber Society, said: “The 100 Million Meals campaign embodies the UAE’s commitment to its core values of giving, especially during Ramadan, the month of goodness, righteousness, and charity. The UAE plays a significant humanitarian role globally, and the vision and directives of our leadership has paved the way for an effective and sustainable implementation of philanthropy.”

Al Muhairi stressed Dar Al Ber’s commitment to actively participate in humanitarian initiatives, national relief campaigns, and joint charity projects, and to rapidly respond to the country’s humanitarian efforts.

Massive donations continue to pour in from individuals, businessmen and companies inside and outside the UAE since the campaign launched on April 11. Every AED1 donated helps provide one meal for beneficiaries in targeted countries across the Middle East, Africa and Asia.

The campaign is part of UAE’s contribution to global efforts to combat hunger and malnutrition, exacerbated by the outbreak of COVID-19. Today, more than 52 million people in the MENA region are undernourished, and most of them women and children.

The objectives of the ‘100 Million Meals’ campaign are intertwined with the pillars on which Dar Al Ber Society was founded, aiming to reach disadvantaged groups, carry out sustainable inclusive humanitarian work, and promote solidarity in the face of crises and challenges.

The 100 Million Meals campaign is open to donations from inside and outside the UAE. Donations to the 100 Million Meals campaign can be made in four simple ways. First, through the campaign’s website www.100millionmeals.ae; second, by making a transfer to the designated bank account through Dubai Islamic Bank (AE08 0240 0015 2097 7815 201); third, by sending “Meal” on SMS to the specified UAE numbers (Etisalat and Du) listed on the website.

Monday, March 15, 2021

Christmas Eve, New Year’s Eve no longer holidays in PH this 2021

Filipinos should expect fewer non-working days this year as three dates that have long been traditional holidays are now “special working days” in order to help the economy recover from the impact of the COVID-19 pandemic.

President Rodrigo Duterte has signed a proclamation reducing the number of holidays this 2021..

In Proclamation 1107, the President made the following days as “special working days.”
• Nov. 2, 2021 – All Souls’ Day
• Dec. 24, 2021 – Christmas Eve
• Dec. 31 – New Year’s Eve

The three dates were previously special non-working holidays.

“For the country to recover from the adverse economic impact of the COVID-19 pandemic, there is a need to encourage economic productivity by, among others, minimizing work disruption and commemorating some special holidays as special (working) days instead,” Duterte said.

Duterte previously lamented that the Philippines is losing Php2 billion a day due to the restrictions imposed against COVID-19.

“According to the Secretary of Finance, araw araw ngayon hanggang matapos ‘tong COVID, araw araw we are losing P2 billion na pera para sana ‘yun sa mga tao,” Duterte said in a speech on Monday night.


Duterte said that the Filipinos could’ve started earning money but the economy itself prohibits them to do so.

“The workers, the Filipino workers would have earned that money kung ang ekonomiya natin gumagalaw,” he added.

The National Economic and Development Authority said that Filipinos lost Php1.4 trillion in 2020 due to quarantines.

“Lahat ng bayan ngayon ng buong mundo, bagsak. Talagang bagsak. Tayo, maganda na sana. No’ng hindi dumating ‘yung COVID we were doing fine. Hindi naman very good. We were doing good. Tapos dumating ‘yung COVID. Walang kita,” Duterte said.

The Philippines also recorded a -9.5% gross domestic product in 2020 — the worst economic statistic recorded in the history of the Philippines since 1947.

Monday, March 8, 2021

Spain wants to increase current AED26.8+ bn FDI in UAE: Spanish minister


Photo credit: WAM

The United Arab Emirates’ Foreign Direct Investment (FDI) in Spain has reached over €6 billion (AED26.8+), according to a senior Spanish official.

In an exclusive interview with Emirates News Agency (WAM), Xiana Méndez, Spanish Minister of State for Trade, also said Spanish FDI in the UAE is valued at around €3 billion (AED13.2+ bn).

The UAE’s investments in strategic sectors in Spain, such as renewable energy, mines and other industries are “impressive,” she added in an interview in Abu Dhabi during her first official visit to the UAE this week.

“I think that we can do more and better and also diversify the scope of the sectors receiving these investments [into Spain],” the Spanish minister emphasized.

“There is a lot that we can do in order to boost the Spanish investment here in Emirates. Even though these figures [€3 billion] are impressive and important, especially because they have increased in recent years; still we can do more. There’s a scope for improvement.”

Spanish investments in the UAE are mostly concentrated in some sectors related to agro-industry, she said.

The minister revealed that Spain has initiated talks on a bilateral investment protection agreement with the UAE and once it is concluded, it will further enhance the investment flow between both countries.

“I think there’s a lot of interest from both sides in having this institutional framework to boost foreign direct investment in both directions,” she explained.

A recent Reuters report quoting the Spanish Foreign Minister, Arancha González Laya, said Spain is in talks with sovereign wealth funds from several Gulf countries to co-invest in projects financed by European aid in order to leverage the initial investment. Spain is also seeking to increase Spanish companies’ investment in the Gulf countries, particularly in infrastructure development.

Asked about the report, Méndez said Spain’s plan of increased investments in the UAE’s infrastructure sector will have preference in sustainable mobility, renewable energy, water and waste treatment.

On the investments from the Gulf, she said even without the European aid, Spain is a very attractive destination for foreign direct investment. “Sovereign funds know that and that’s why they have been presenting huge projects to Spain during the last decade. But it is true that with the arrival of these European funds, we will have the chance to identify new projects that will transform our productive sector.”

In Abu Dhabi, she visited the International Defence Exhibition and the Naval Defence Exhibition (IDEX and NAVDEX) 2021. Many Spanish companies have been participating in IDEX for many years and “I was impressed by the quality of the products and services presented [at the event],” Méndez said.

In Dubai, the minister visited Gulfood 2021, a global event with the participation of 2,500 companies from 85 countries, including some of the most prominent brands in the food and beverage sector.

With the presence of 50 Spanish companies, the event is a great opportunity to enhance bilateral cooperation in the food sector, she said.

Russia’s Sputnik V not yet available in the UAE


Photo credit: Alexander Zemlianichenko Jr/ Russian Direct Investment Fund via AP

Health authorities are still awaiting the arrival of Russia’s Sputnik V vaccine to be shipped to the UAE.

According to the report of The National, health officials from the Department of Health (DOH) said this is not yet available for the general public.

The vaccine produced by Gamaleya National Center of Epidemiology and Microbiology has been approved for emergency use by UAE authorities last January 21.

This came after the Emirates hosted a small-scale Phase 3 trial of the vaccine, which involved almost 1,000 volunteers.

According to the clinical trial data, the vaccine has 91.4 percent efficacy on day 28 after the first dose; and more than 95 percent on 42 days after the first dose.

DOH said those who volunteered to get the vaccine are being followed up for their safety for a period of six months, starting from the date of their first vaccine dose.

Volunteers gets two doses of the Sputnik vaccine with a 20-day gap between the first and the second injection.

This is the second trial in the UAE, after more than 30,000 people took part in a study for the Sinopharm vaccine.

It is expected that the study will be completed by the end of July 2021 once all the 1,000 volunteers have done their safety follow-up visits. 

Saturday, March 6, 2021

United Arab Emirates National Agenda For Next 50 Years

UAE leaders approve creation of revitalized National Agenda for the next 50 years

The brainstorming retreat of the UAE government has resulted in the approval of a revitalized National Agenda, which will serve as the country’s framework for the next half-century.

The new set of national agenda will be based on the concept of balance development. With its details yet to be released, the framework will steer the country to a new direction and generate new strategic projects, which are aimed at boosting the competitiveness of vital sectors and sustaining economic stability within the next 50 years.

Most of these new initiatives will be anchored on digital transformation.

The two-day retreat, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, brought together ministers, government officials and dignitaries to lay out a strategic framework for the development vision for the country’s next phase.

The Vice President noted, “Over the past 50 years, we started from the desert of our land to the desert of Mars. Our dreams will be even bigger for the next 50 years.”

His Highness lauded the huge participation of H.H. Sheikh Mohamed bin Zayed in the brainstorming retreat. “H.H. Sheikh Mohamed bin Zayed’s participation in the retreat lays out a new and clear 50-year vision for the UAE,” the Vice President said.

For his part, H.H. Sheikh Mohamed bin Zayed stressed that the UAE government has the necessary capabilities, talents, and resources to draw the roadmap for the next 50 years.

“Our government teams in the next phase will only welcome people who will exert 10 times more efforts and energy to achieve greater successes. Our vision is to make the UAE an attractive destination for talents, ideas, and investment,” the Abu Dhabi Crown Prince said.

His Highness added, “We will preserve H.H. Sheikh Mohammed bin Rashid’s principle of always being number one. Our aim is to compete internationally.”

Wednesday, March 3, 2021

UAE Hospital Introduces New Treatment To Prevent Covid-19 Infection

A hospital in the UAE has introduced a new antibody treatment for coronavirus disease for mild patients and those with pre-existing conditions.

“If you’ve recently been diagnosed with mild COVID-19, you may have a new treatment option: bamlanivimab (bam-la-NIV-i-mab). This drug will prevent you from having severe COVID-19,” the RAK Hospital said in a statement on its website.

The hospital said the introduction of the medication was based on studies showing that the treatment may help limit the amount of virus in the body.

“This may help their symptoms improve sooner – and they may be less likely to get severe infection, which may need oxygenization or ventilation,” the hospital said.

The drug is also recommended to those who are 65 years old, diabetes, and those with high blood pressure and heart issues.

The UAE Ministry of Health and Prevention on Wednesday reported 3,102 new cases of the COVID-19 coronavirus, along with 3,814 recoveries and 19 deaths.
UAE health officials said that over 29.8 million tests have been conducted across the UAE.

Tuesday, February 23, 2021

Covid-19 United Arab Emirates Vaccination Drive Reaches 44.89% Of Total Population

The UAE has achieved injecting the COVID-19 vaccine to 44.89% of its citizens and residents, translating to 3,480,415 of the UAE’s entire population.

The National Emergency Crisis and Disasters Management Authority (NCEMA) also furthered that the jab has already been administered to 57.66% of the total elderly population.

To date, over 5,668,264 doses have been injected with a rate of 57.31 per 100 people. In addition, the country has also conducted 29 million COVID-19 tests in its efforts to continuously monitor and track COVID-19 cases.

“When the majority of the population becomes immune to an infectious disease, this will lead to the indirect protection for people who are not immunized against this disease in the community, due to the limited spread of the disease,” said the NCEMA in an announcement. 

The UAE’s ongoing vaccination drive is in line with the Ministry of Health and Prevention’s plan to provide the vaccine to all members of society and acquire herd immunity, which will help reduce the number of cases and control the spread of the virus. 

“We would like to confirm the effectiveness of the vaccines that have been approved in the country and that they are safe, especially for the elderly and people with chronic diseases, so we advise and encourage everyone to take the vaccine, as it is our safe way to recover,” said NCEMA in an announcement.

Philippines Complete Requirements For AstraZeneca Vaccines

The Philipine government has submitted all the requirements needed for the AstraZeneca vaccines, which will be supplied by the COVAX facility of the World Health Organization.

The COVAX Facility is an initiative that aims to provide its member-countries an equitable access to COVID-19 vaccines.

“I also want to update you that the Philippines has met all the requirements necessary for accessing the AstraZeneca vaccines,” WHO Country Representative Rabindra Abeyasinghe said during a briefing with the Department of Health.

The WHO official confirmed around 5.5 million to 9.2 million doses of AstraZeneca’s vaccine have been set aside for the country.

The government expects the delivery of AstraZeneca from WHO within the first quarter of the year.

“What we are now looking at is accelerating delivery of those AstraZeneca vaccines, at least a part of that shipment to the Philippines,” Abeyasinghe added.

“I understand that the Department of Health has supplied all the letters necessary to the COVAX initiative to access the early rollout of those AstraZeneca vaccines,” the WHO official said.

He also said that AstraZeneca did no longer demand for more documents before their vaccine delivery, unlike Pfizer.

“We are optimistic that before the end of this week, we will hear from the COVAX initiative on likely delivery dates for AstraZeneca vaccines to the Philippines,” he said.

AstraZeneca will use its facility in South Korea dedicated to exclusively manufacture the COVAX Facility’s vaccine requirements.

“And what is earmarked for the Philippines will be coming from South Korea. So, we still remain optimistic that we will receive the AstraZeneca vaccines within the timeframes that we were talking about,” he said. 

Sunday, February 21, 2021

Philippines FDA Approves China’s Sinovac Vaccine For Emergency Use


The Philippines’ Food and Drug Administration or FDA has given the emergency use approval for the Chinese-made vaccine Sinovac.

Sinovac is now the third vaccine brand to receive the EUA from country regulators pending the government’s vaccination rollout.

“After a thorough and rigorous review by our regulatory and medical experts, the FDA issues EUA to Sinovac,” FDA chief Eric Domingo said during the Laging Handa briefing.

Domingo said that Sinovac’s efficacy ranged from 65.3% to 91.2%, but only reached 50.4% among health workers with COVID-19 exposure.

“As such, it is not recommended to use in this group,” Domingo added.

“Natapos na ang huling hadlang para magamit natin ang Sinovac, inaprubahan na po ng FDA ang EUA nito,” Presidential Spokesperson Harry Roque said in a press briefing.

Roque said that it will take 3-5 days before China ships the 600,000 doses of its COVID-19 vaccines.

“Asahan po natin na wala nang matagal na delay,” Roque said.

The issuance of EUA for Sinovac comes after the delays in the delivery of the Pfizer vaccines due to negotiations in the indemnity agreement.

Vaccine Czar Carlito Galvez has apologized for the delay in the arrival of the COVID-19 vaccines.

Wednesday, February 17, 2021

Can People Vaccinated Against COVID-19 Still Spread The Virus?

Dr. Farida Al Hosani, spokeswoman for the UAE’s health sector, cautioned people to still be “rigorous” in their hand washing, mask wearing and physical distancing in order to protect themselves and others.



A UAE health official warned that people who have been vaccinated against COVID-19 can still contract and spread the virus.

In an interview published on The National, Dr. Al Hosani explained that although the risk is less, people should still not underestimate it.

The health official particularly pointed out that those who will be at risk are family members or work colleagues, who may develop complications, particularly if they did not take the vaccine”.

She advised individuals who have been vaccinated to continue precautionary measures, like any member of the community.

Al Hosani also said that health authorities and researchers are now studying its antibody response and how long it might last.

For those who have had the virus or been vaccinated, there are antibody tests available at public and private hospitals to check whether they have developed immunity.

In order to help the country in its road to recovery and prevent more cases, she urged people not to delay being vaccinated. 

Thursday, January 28, 2021

US President Joe Biden Daily Brief

Don’t be lulled. Last week’s peaceful U.S. presidential transition may engender a false sense of security, the Department of Homeland Security said yesterday. Without citing specific plots, it warned that “violent domestic extremists' ' pose an imminent threat stoked by anger over the transition and grievances “fueled by false narratives.” The statement was a departure from Trump administration policy, which reportedly downplayed domestic terrorism.



1. DHS Warns of Domestic Terror Threat

One former Trump administration homeland security official said such warnings were useful, as they elicit support from “the watchful public” to identify threats. Conservative critics, meanwhile, claimed that the new administration was aiming to “harass and investigate” political rivals.

Sources: NYT, ABC, Fox News


2. Biden Amps Up Global Warming Fight

In a continuing series of single-issue days for his new administration, President Joe Biden devoted Wednesday to climate change, calling it an “existential” issue and firing off executive orders to address it. That included pausing oil and gas leases on federal land, creating jobs in renewable energy and supporting minority communities disproportionately impacted by pollution. “This is no time for small measures,” said Biden, who campaigned heavily on the climate issue last year. His plans go much further even than those of former President Barack Obama, including involving the Department of Defense and naming a climate czar: former Secretary of State John Kerry.

Sources: Washington Post, Politico, The Hill

3. WHO Scientists Begin Wuhan Probe

Will they see through the haze? Investigators from the World Health Organization have completed their quarantine and can begin probing the origins of the pandemic in China, questioning researchers, medical professionals and even produce vendors from the Wuhan seafood market where COVID-19 is believed to have originated. But Chinese media has recently promoted unlikely theories that the disease started elsewhere, like Italy or the U.S., while the earliest known infections have been traced to China. It’s unclear how much access they’ll have to those who’d volunteer information, like the son of a COVID-19 fatality who believes authorities withheld information at the pandemic’s outset.

Sources: BBC, Reuters

4. Day Traders Smack Down Hedge Funds

Is it bubble trouble? Wall Street’s titans worry that the latest investment trend may derail their profitable pandemic ride. WallStreetBets, a group of traders on Reddit, rallied members to buy up GameStop share, nearly ruined top hedge fund Melvin Capital yesterday by forcing it to buy more of those shares to cover its failed bet that the video game store chain’s stock would decline. Analysts worry that such wild retail-level trading may signal a market bubble in danger of popping. Many other stocks went down yesterday as economic worries lopped at least 2 percent off of major indexes, dragging today’s Asian trading similarly lower.

Sources: WSJ (sub), FXStreet, AP

5. Also Important …

Pakistan’s Supreme Court has upheld the acquittal of a man imprisoned in the 2002 kidnapping and beheading of Wall Street Journal reporter Daniel Pearl. A German court has sentenced a neo-Nazi to life for the 2019 assassination of Hesse’s regional governor. And thousands of Poles yesterday protested the beginning of Poland’s near-total ban on abortion.

Coronavirus Updates: While infection numbers are declining in the U.S., new virus variants are becoming widespread. The White House said it will take months for most Americans to get vaccinated. The WHO has advised pregnant women not to get the Moderna or Pfizer vaccines, unless they face additional risk factors.

6. Today on ‘The Carlos Watson Show’

Hollywood legend James Brolin joins Carlos to drop wisdom on how to live life to the fullest at 80. Find out why the Amityville Horror star might have been a shampoo salesman in another life — and why he nearly stood up Barbra Streisand on the blind date that ultimately led to their long and happy marriage. Subscribe now.

 

Intriguing




1. Proud Boys Leader Reportedly Spied for Feds

Just when you think you know someone. Henry “Enrique” Tarrio, the Proud Boys leader who was arrested before the Capitol attack, was a federal informant, Reuters reports, citing a 2014 court transcript. In it, Tarrio’s own attorney and a prosecutor say he provided information that helped government cases involving human trafficking, gambling and illegal drugs. Tarrio denied the report, saying “I don’t recall any of this.” Meanwhile, QAnon conspiracy theorist Rep. Marjorie Taylor Greene is again embarrassing fellow Republicans, and House Minority Leader Kevin McCarthy plans to speak to her about her past Facebook posts, including one suggesting Hillary Clinton removed and wore a child’s face.

Sources: Reuters, Axios

What do you think? Should people espousing conspiracy theories that could incite violence be allowed to serve in Congress? Reply to this email with your first name, last initial and city or state, and we may share your view in the PDB.

2. What the Capitol Riot Looked Like From Space

Looking at Earth from above, “you develop an instant global consciousness,” as one astronaut described it. It’s what The Overview Effect explained in 1987: Philosophical differences seem so trivial looking down on the planet, and Frank White, its author, has spent decades promoting that perspective. But the book languished and White gained little traction — until now, OZY reports. His vision is seen by figures such as astrophysicist Neil deGrasse Tyson as a counterbalance to the divisive “tribes effect,” which fosters conflict like the Capitol attack. For White, “we have a choice as to whether we’re going to work together” to keep spaceship Earth functioning.

Source: OZY

3. Oklahoma Tries to Ditch Its Hydroxychloroquine

It’s “useful for any number of ailments.” Unfortunately for Oklahoma taxpayers, COVID-19 isn’t one of the ailments hydroxychloroquine demonstrably works on. Republican Gov. Kevin Stitt didn’t want to miss out on the medical marvel being touted by then-President Donald Trump. So while the only other state to pay for the drug, Utah, canceled its order, Oklahoma bought 1.2 million pills that cost $2 million and is now trying to return them to a California distributor for a refund. While it’s unclear if the state will succeed, it’s tasked its attorney general’s office with working on the issue.

Sources: ABC, HuffPost

4. Oscar, Emmy Winner Cloris Leachman Dies

Known for her wacky sitcom characters, Leachman, who died Tuesday at age 94 from natural causes, proved she could do anything. The Iowa native won the 1972 Academy Award for Best Supporting Actress for her role as a lonely housewife in the coming-of-age drama The Last Picture Show, and went on to set an unbeaten record of eight Primetime Emmys, mostly for comedies like The Mary Tyler Moore Show in the 1970s, and three decades later, Malcolm in the Middle. Mel Brooks, who directed Leachman in three films, remembered her as “insanely talented. She could make you laugh or cry at the drop of a hat.”

Sources: Variety, EW

5. Poet Amanda Gorman to Make Super Bowl History

To some, it’s an apocalyptic sign: The first poem ever delivered at the Super Bowl, the festival of American aggression and pop culture. But Gorman, a 2017 OZY Genius Award winner, penned her way into the U.S. psyche with “The Hill We Climb” at President Biden’s Jan. 20 inauguration, inspiring her nation to bridge its violent fault lines. The National Youth Poet Laureate will deliver another original work, honoring a teacher, an ICU nurse and a Marine veteran, which the NFL named as honorary game captains at the big game between the Kansas City Chiefs and the Tampa Bay Buccaneers on Feb. 7.

Sources: The Wrap, NBC




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