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Pakistani consumers go cashless as trust in digital payments surges amid COVID-19
KARACHI: Visa, the world leader in digital payments, released results of a survey on the impact of the COVID-19 pandemic on payment behavior of consumers in Pakistan, which are going cashless. Visa’s Stay Secure survey also looks at consumers’ general views, preferences and concerns related to digital payments and offers key insights for merchants.…
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Emirates returns US$ 1.4 billion to customers in refunds
DUBAI: Emirates reveals that it has returned over AED 5 billion (US$ 1.4 billion) in COVID-19 related travel refunds to date, making strong and steady progress on its commitment to customers to complete pending refunds. More than 1.4 million refunds requests have been completed since March, representing 90% of the airline’s backlog. This includes…
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COVID-19 taking its toll on Canada’s economy and insurance industry
OLDWICK: Canada’s property/casualty insurance industry thus far has fared better than their life counterparts amid the volatile economic and market dynamics created by the COVID-19 pandemic, according to a AM Best report. In its Best’s Market Segment Report, titled, “COVID-19 Taking Its Toll on Canada’s Economy and Insurance Industry,” AM Best states that the…
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Seef Properties reports net profit of BD 2.71 million for the period ended 30 June 2020
MANAMA: Seef Properties B.S.C., announced its financial results for the six-month period ended 30 June 2020. The Company reported net profits and total comprehensive income attributable to the parent of BD 2.71 million for the six-month period ended 30 June 2020, compared to BD 4.72 million for the same period in the previous year,…
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Heavily impacted by COVID-19, Air Arabia posts a net loss of AED 169 million
SHARJAH: Air Arabia registered a net loss of AED 169 million for the first half ending June 30, 2020, a direct result of second quarter performance being heavily impacted by COVID-19 and the subsequent cancellation of scheduled flight operations. Air Arabia (PJSC), the first and largest low cost carrier (LCC) in the Middle East…
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COVID-19: Pfizer and BioNTech commence pivotal Phase 2/3 global study
NEW YORK: Pfizer Inc. and BioNTech SE announced the start of a global (except for China) Phase 2/3 safety and efficacy clinical study to evaluate a single nucleoside-modified messenger RNA (modRNA) candidate from their BNT162 mRNA-based vaccine program against SARS-CoV-2. After extensive review of preclinical and clinical data from Phase 1/2 clinical trials, and…
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Interferon treatment trial appears to be a major breakthrough against COVID-19
TORONTO: The preliminary results of a clinical trial by a UK biotech suggests that an interferon inhalation treatment for COVID-19 reduces the number of patients needing intensive care. In the UK study, the treatment was delivered through a nebulizer and inhaled directly into the lungs of patients with coronavirus. The initial findings suggest the…
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PLTW delivers distance-learning support to teachers, students, and caregivers across America
INDIANAPOLIS: Project Lead The Way (PLTW) released distance learning support, a full suite of resources that schools can utilize to enhance their distinct distance learning needs for teachers, students, and caregivers. While the COVID-19 pandemic continues to impact communities across America differently, PLTW’s distance learning support will be available through different platforms such as…
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BATM launches three new test kits to advance diagnosis of COVID-19
LONDON: BATM Advanced Communications, a leading provider of real-time technologies for networking solutions and medical laboratory systems, announced the launch of three new diagnostic kits to significantly advance the diagnosis of COVID-19 and other respiratory illnesses. The Group expects to commence sales and production of the kits at its Adaltis facility in Italy at…
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Collaboration agreement signed between Integumen and Avacta
LONDON: Integumen plc has entered into a collaboration agreement with Avacta plc for the evaluation of Avacta Affimers for the real-time identification of localised COVID-19 hotspots in wastewater, from which authorities can be alerted through Integumen’s real-time alert system to prevent the spread of the disease to the wider community. Under the collaboration agreement…
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SGX reports market statistics for June 2020
SINGAPORE: Singapore Exchange (SGX) released its market statistics for June 2020. Global financial and commodity markets reflected optimism from the reopening of major economies, even as concern that new COVID-19 infections could stymie growth continued to drive demand for risk management. Total securities market turnover value on SGX rose 74% year-on-year (y-o-y) in June…
