News

  ABU DHABI / WAM Etihad Airways is set to strengthen air connectivity between the UAE and the Philippines this winter with an additional daily service to Manila. A second daily flight will be established on October 30, providing guests with a total 14 flights per week between Abu Dhabi and the Filipino capital. Both daily frequencies will be operated ...

  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), has directed providing urgent humanitarian aid and support to those affected by floods in Balochistan province of Pakistan. The ERC began the implementation of the first phase of the relief programme immediately to ...

  Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) reported consolidated financial results for the period ended June 30. The company reported a net income (Taqa-share) of AED4.3 billion, 50% higher than the prior year, with a greater contribution from the oil & gas segment. Taqa delivered a strong performance underpinned by its stable contracted and regulated utilities ...

  New York / WAM During a United Nations Security Council meeting on threats to international peace and security caused by terrorist acts, the United Arab Emirates called for the international community to redouble its efforts to eliminate all terrorist groups, particularly Da’esh and its affiliates. “Despite gains made in the elimination of Da’esh leadership, the transnational threat that the ...

  Dubai / Gulf Time Priding itself on a brand promise of ‘Fly Better’, Emirates is investing over $2 billion to enhance its inflight customer experience, including a massive programme to retrofit over 120 aircraft with the latest interiors, plus an array of other service improvements across all cabins starting this year. Sir Tim Clark, President Emirates Airline said, “While ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) has reported its financial results for the six-month period ended June 30, recording a net profit of AED186.9 million. Commenting on Adnic’s performance, Sheikh Mohamed bin Saif Al-Nahyan, Chairman of Adnic, said, “Adnic continued to deliver steady performance in the face of challenging global economic conditions. As we move into ...

  ABU DHABI / WAM Etihad Airways is set to strengthen air connectivity between the UAE and the Philippines this winter with an additional daily service to Manila. A second daily flight will be established on October 30, providing guests with a total 14 flights per week between Abu Dhabi and the Filipino capital. Both daily frequencies will be operated ...

  Dubai / Gulf Time Floating offshore wind platform developer Gazelle Wind Power (Gazelle) has signed a memorandum of understanding (MoU) with Ferrofab FZE (Ferrofab), a UAE-based engineering and manufacturing firm, to establish a Center for Manufacturing Excellence at the Ferrofab Jebel Ali facility in the UAE. This center is being established to manufacture a Gazelle hybrid modular offshore wind ...

  Bloomberg US productivity slumped for a second-straight quarter as the economy shrank, driving another surge in labour costs that risks keeping inflation elevated and further complicates the Federal Reserve’s efforts to tame price increases. Productivity, or nonfarm business employee output per hour, decreased at a 4.6% annual rate in the second quarter after falling at a 7.4% pace in ...

Bloomberg Norway’s inflation exceeded forecasts for a fourth straight month, hitting a new 34-year high and adding pressure on Norges Bank to deliver a bigger interest rate hike this month than it has flagged earlier. Consumer prices rise 6.8% in July from a year earlier, the fastest pace since July 1988, according to data from Statistics Norway on Wednesday. Underlying ...