Abu Dhabi / WAM International Holding Company (IHC) has announced today the acquisition of a majority and controlling stake in Al Qudra Holding PJSC (AQH). The acquisition will enable IHC to broaden its portfolio in the real estate, services, and hospitality area. Al Qudra Holding has built out a large portfolio of customers since its founding in 2005, including ...

  Dubai / WAM Following the opening of the final phase of Concourse A at Dubai International’s (DXB) Terminal 3, the world’s busiest international airport is 100% operational with all terminals, concourses, lounges, restaurants, and retail outlets now open. Terminal 3 is expected to serve more than 1.6 million passengers in the second half of December during the month’s peak ...

  Dubai / WAM Expo 2020 Dubai visit numbers have increased significantly to a total of 7,167,591 visits in the period up to December 20, as organisers continue to maintain robust Covid-19 measures, ensuring a safe and exceptional event for all attending. Expo 2020’s virtual visitation rose to 31.6 million over the same period, mainly driven by the uptake of ...

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 272,115 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

  Dubai / WAM Under the patronage of HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, the second edition of Al Burda Festival opened at the Dubai Exhibition Centre, Expo 2020 Dubai. Organised by the Ministry of Culture and Youth, this year’s edition of Al Burda Festival takes place under the theme “Transcending Spaces, ...

  Abu Dhabi / WAM Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced on Monday the opening of its latest Adnoc service station in KSA – the first to fully showcase the company’s modern fuel and retail convenience offering with an integrated Adnoc Oasis store, car wash and lube change. During the first half of 2021, Adnoc Distribution ...

  Abu Dhabi / Gulf Time Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced today the opening of its latest Adnoc service station in KSA – the first to fully showcase the company’s modern fuel and retail convenience offering with an integrated Adnoc Oasis store, car wash and lube change. During the first half of 2021, Adnoc Distribution ...

  Bloomberg Europe is bracing for energy shortages as freezing weather sets in, boosting demand and sending prices surging at a time when supply just can’t keep up. Temperatures are forecast to fall below zero degrees Celsius in several European capitals, straining electricity grids already coping with low wind speeds and severe nuclear outages in France. To make matters worse, ...

  Bloomberg Solar firms in China fell after a $2 trillion US economic plan with crucial climate provisions suffered a potentially fatal setback in Congress. Trina Solar Co fell as much as 7.7% and Longi Green Energy Technology Co slipped as much as 3.3% in Shanghai. The Build Back Better Act, rejected in a surprising decision by Senator Joe Manchin, ...

  The supply chain crunch has turned the once-staid world of manufacturing and industrials upside down. The imbalance is so severe that consumers are feeling the pain, as prices of raw materials and goods are thrown out of whack. Debates about inflationary pressures are raging. What more could go wrong? Well, a lot. Especially if the grease that makes the ...