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Bloomberg Europe’s aviation safety regulator is poised to clear the Boeing Co 737 Max for a return to service in the region, marking a major step in the jet’s global comeback from two deadly crashes. The final airworthiness directive will be issued next week, spelling out required changes and added pilot training requirements, European Union Aviation Safety Agency Executive Director …

HARGEISA / WAM A delegation from the Khalifa bin Zayed Al Nahyan Foundation has opened two hospitals in the Republic of Somaliland. The first, is the “Sheikh Khalifa bin Zayed Al Nahyan Hospital,” in the city of Berbera, northwestern Somalia, and the second, is a specialised hospital for women, childbirth and neonatal care, in the city of Burao, the second …

Bloomberg Oil futures held steady, despite a stronger dollar and physical prices in Asia continuing to trade at weaker levels than a month ago. Premiums for Russia’s ESPO have fallen by more than $1 since last month, according to traders who asked not to be identified. It follows a flurry of new Covid cases in China, potentially menacing demand, and …

Bloomberg Oil slid by the most in three weeks as a stronger dollar and weak US economic data stoked concerns over an economic rebound. Futures in New York tumbled 2.3% after a rally in oil earlier in the week pushed the benchmark into overbought territory. The US dollar strengthened, reducing the appeal of commodities priced in the currency. US consumer …

ABU DHABI / WAM The UAE has strongly denounced the Iranian-backed Houthi terrorist militia’s attempts to target Saudi Arabia with three explosive-laden drones, which were intercepted by Coalition forces. In a statement on Saturday, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) renewed its full solidarity with Saudi Arabia against these cowardly terrorist acts and the UAE’s full stand …

Bloomberg A year ago, President Xi Jinping asked the US to treat Chinese companies “fairly” in a letter read out at the White House to mark the signing of a landmark trade deal between the world’s biggest economies. At the time, President Donald Trump’s actions against China Inc had mostly been aimed at tech giant Huawei Technologies Co, which had …

Bloomberg Health-workers flashed victory signs after being given coronavirus vaccines and top officials sought to dispel fears about the shots as India kicked off one of the largest inoculation drives in the world on Saturday, setting in motion a complex plan to stem infections across a nation of more than 1.3 billion people. At hospitals and vaccination centers across major …

ABU DHABI / WAM The UAE stressed that it is looking forward to the de-escalation of the conflict between Sudan and Ethiopia, noting its concern for the situation in the Al Fasha border area. The UAE also highlighted the key role of both countries in ensuring the stability and prosperity of Africa and the entire region. In its statement, the …

BAHRAIN / WAM Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, announced on Wednesday that its portfolio company, Calligo Holdings Limited, an end-to-end managed data services provider, has acquired Network Integrity Services (NIS). Network Integrity Services is a UK-based IT managed services and technology-led solutions provider with locations in Manchester, Birmingham, Leicester and Hemel …

Bloomberg Oil crept higher, with a demand increase from cold weather the latest addition to a rally that has pushed crude to a 10-month high. Demand could get a boost of at least 1 million barrels a day, Goldman Sachs Group Inc said, as frigid temperatures in Asia and Europe sent other energy markets soaring. In Japan, power generators have …