DUBAI / WAM Emirates Steel has named Etihad Credit Insurance (ECI) as its credit insurance partner to provide export credit protection to its global exports. Emirates Steel has signed with ECI for a comprehensive trade credit insurance package, which will protect Emirates Steel against commercial risks of its customers such as insolvency, payment default, and political risks. Under the agreement, ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) on Sunday said it carried out over 87,336 additional Covid-19 tests in the country over the last 24 hours, uncovering 513 new cases. It also announced the recovery of an additional 2,443 individuals from the virus, bringing the total number of recoveries to 66,095. No new deaths were recorded ...

Abu Dhabi / Emirates Business Wizz Air Abu Dhabi, the new national airline of the United Arab Emirates celebrates the arrival of its first state-of-the-art new Airbus A321neo aircraft to Abu Dhabi International Airport. Wizz Air Abu Dhabi, the joint-venture established between ADQ, one of the region’s largest holding companies, and Wizz Air Holdings Plc, has recently received national carrier ...

New Delhi / WAM India’s External Affairs Minister, Dr S. Jaishankar has described the enhancement of relations with the UAE as one of the top foreign policy achievements of the Narendra Modi government in its first five years in office. “The sense of extended neighbourhood, the much greater interest in the Gulf, much closer linkages, these are big changes that ...

Abu Dhabi / WAM The 10-megawatt solar photovoltaic plant, which was inaugurated in Cuba last year, has received a capacity boost to 15 megawatts (MW). The grid-connected project, financed by Abu Dhabi Fund for Development (ADFD) currently supplies enough electricity for an estimated 10,000 homes. The funding is part of ADFD’s commitment of $350 million to support renewable energy uptake ...

Abu Dhabi / WAM The United Arab Emirates will provide medical treatment for former President of Mali Ibrahim Boubacar Keita, according to a UAE diplomat. Mohamed Al Shamsi, Director of the African Department at the Ministry of Foreign Affairs and International Cooperation, said the decision comes in response to a request by the ruling military junta in Mali and in ...

Abu Dhabi / WAM Abdullah bin Touq Al Marri, Cabinet Member and Minister of Economy, has re-affirmed the ministry’s commitment to continue to work closely with its partners to address all besetting challenges through a flexible package and general plan to support the country’s economy. The minister made the remarks at a meeting held at the ministry’s HQ in Dubai ...

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, and Chairman of the Emirates Red Crescent (ERC) ordered urgent humanitarian aid to those affected by the floods sweeping Sudan. The aid includes food and medicines to areas hit by the natural disaster, the worst to strike the country in more than ...

Bloomberg Producing hydrogen from renewable power only could drive up its price over the coming decades as the gas becomes the low-carbon fuel of choice for the European Union. As the EU moves to aggressively cut carbon emissions across all sectors in order to hit climate neutrality by 2050, green hydrogen is seen as key to achieving that goal. Should ...

Bloomberg On a sweltering summer afternoon in West Texas, a cryptocurrency miner backed by billionaire Peter Thiel powered down its data-processing centres for about 30 minutes. During that short window, the company made money not from Bitcoin, but from selling electricity. On hot days without wind, the company, Layer1, can sell its contracted power supplies back into the grid for ...