Abu Dhabi / WAM Mubadala Healthcare and Strata Manufacturing (Strata) – Mubadala’s composite aero-structures manufacturing company – are collaborating to manufacture essential medical supplies and support the fight against Covid-19, utilising additive manufacturing to produce intubation capsule, face shields and ear guards. The cooperation is part of Mubadala’s #WeAreDedicated campaign aimed at fostering collaboration across diverse enterprises and sectors to ...

ABU DHABI / WAM ZonesCorp announced the opening of a factory that produces liquefied carbon dioxide, which is widely used in several food and manufacturing industries. Launched by Al Ghaith Industries within the Industrial City of Abu Dhabi I (ICAD I), the new facility covers a total area of 100,000 square metres and has a total production capacity of 60 ...

Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, has congratulated UAE citizens and residents on the occasion of Eid al-Fitr. HH Sheikha Fatima urged the public to adhere to the country’s precautionary measures to preserve their ...

ABU DHABI / WAM The United Arab Emirates on Thursday sent an aid plane carrying seven metric tons of medical supplies to Union of the Comoros. The aid will assist approximately 7,000 medical professionals as they work to combat the Covid-19 pandemic. Commenting on the aid delivery, Saeed Mohammed Saeed Al Maqbali, UAE Ambassador to Union of the Comoros, said, ...

DUBAI / WAM KPMG released the results of its fifth edition of the ‘GCC listed banks’ report, which analyses the published results of listed commercial banks across the region for the year ended December 31, 2019. The report, titled ‘New Age Banking’, has found that the UAE’s top ten banks reported positive results in 2019, with an average 13.9 percent ...

Bloomberg A Total SA-led liquefied natural gas project in Mozambique will receive commitments for about $15 billion of financing at a signing scheduled in June, marking rare progress for such a project as companies scrutinise costs. The first and most significant phase of the financing commitment for the LNG project — which will be Africa’s biggest private investment yet — ...

Bloomberg The UK transmission network is under pressure as it grapples with a flood of green power and lower demand, according to new research published on Thursday. Intermittent renewables supplied more than 40% of electricity during first quarter of 2020, overtaking fossil fuels for the first time, according to the Electric Insights report, commissioned by Drax Group Plc and researched ...

Bloomberg It’s going to take months for oil demand in the world’s third biggest market to get back to pre-virus levels as India faces its deepest recession ever in the wake of its near two-month lockdown. Once the engine of global oil demand growth, India’s fuel consumption collapsed by as much as 70% at one stage last month as it ...

Bloomberg Texas has started seeing a slight increase in power use this week in one of the first signs that electricity demand is bouncing back in the US as lockdowns ease. While power use in the Lone Star state is still depressed, the state’s main grid operator noticed a slight improvement in electricity use during early morning hours, according to ...

Bloomberg Japanese trading house Mitsui & Co is considering a sale of its majority stake in PT Paiton Energy, one of Indonesia’s biggest independent power producers, people with knowledge of the matter said. Mitsui is working with an adviser on a potential divestment of its 45.5% stake in the power producer, said the people, who asked not to be identified ...