Bloomberg Oil posted a small weekly gain on tentative signs that demand is picking up even as a new wave of coronavirus cases casts a shadow over the market. Futures in New York edged lower, but still managed to record an advance of 0.7% this week on shrinking US crude stockpiles and signs of improving demand in China and India. ...

Abu Dhabi / WAM Wizz Air Abu Dhabi, the new national airline of the UAE’s, officially received its Air Operator Certificate (AOC) from the UAE General Civil Aviation Authority (GCAA). Receiving the AOC completes the last step in the regulatory processes for starting the airline and is the confirmation from the GCAA that Wizz Air Abu Dhabi is in compliance ...

Abu Dhabi / WAM Aldar Properties (Aldar) signed a Memorandum of Understanding (MoU) with the Frontline Heroes Office (FHO) to recognise and support UAE’s frontline professionals. The agreement allows Aldar to directly support the Frontline Heroes Office’s mission to raise awareness of the key role played by frontline professionals during crises and emergencies in 2020 and beyond. The FHO supports ...

Dubai / WAM Dubai Customs made another success story thanks to the fruitful cooperation with its clients and strategic partners as it raised the percentage of online services to 99.3 percent, completing 7.2 million transactions during first six months of this year, growing 38.5 percent compared to 5.2 million transactions in the corresponding period last year. This has led to ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 130,567 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 1,538 new coronavirus cases, bringing the total number of recorded cases in the UAE to 114,387. The ministry also noted an additional ...

ABU DHABI / WAM The Federal Customs Authority (FCA) signed a memorandum of understanding (MoU) with Dubai Exports Corporation, a Dubai economic institutions, with a view to boost joint collaboration, facilitate business and trade for Dubai emirate’s exporters and share information and expertise between the parties. The MoU was remotely executed by Alia Almarmoom, Managing Director of Customs Affairs Sector, ...

Dubai / WAM Shuaa Capital has approved the issuance of non-convertible bonds valued at $150 million in one or more tranches in a private placement. These bonds will be listed on a market outside the UAE, the company said in an announcement on the website of the Dubai Financial Market where its shares are listed. During the company’s ordinary general ...

Abu Dhabi / WAM Commercial and Islamic banks operating in Abu Dhabi recorded a total net income of around AED9.55 billion in Q2 of 2020, according to data issued by the Statistics Centre-Abu Dhabi (SCAD). The net income of traditional (commercial) banks in Abu Dhabi from interests, investments and other sources of income totalled AED8.5 billion, accounting for 89 percent ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) decided to resume operations of the four bus routes that serve the Global Village from the start of its new season 2020-2021. The RTA will also resume the electric Abra tourist services inside the village as of October 25, the date coincides with the silver jubilee of this premier tourist and ...

ABU DHABI / WAM Underlining Abu Dhabi’s reputation of prioritising the health of its residents and visitors, Mubadala Healthcare has introduced Wellness Ambassadors at all of its patient-facing facilities, including Cleveland Clinic Abu Dhabi, Imperial College London Diabetes Centre (ICLDC), Amana Healthcare, Healthpoint and Capital Health Screening Centre (CHSC). The initiative is part of a broader movement inspired by Etihad ...