News

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) announced on Tuesday that it has created a new, wholly owned subsidiary, Adnoc Murban RSC Ltd (Adnoc Murban), which will become the primary debt capital markets issuing and rated entity for Adnoc Group. Adnoc Murban is expected to be rated “AA” by Standard & Poor’s (S&P), “Aa2” by Moody’s ...

  RAS AL KHAIMAH / WAM Marjan, RAK Hospitality Holding, and Wynn Resorts Limited, the US-listed international developer and operator of luxury resorts, announced a multibillion-dollar integrated resort development on the man-made Al Marjan Island in Ras Al Khaimah. The spectacular Al Marjan Island is only 15 minutes from the Ras Al Khaimah International Airport and 45 minutes from the ...

  Dubai / WAM Mubadala Health on Tuesday announced its foray into the provision of healthcare services in Dubai. The expansion of Mubadala Health into Dubai is in collaboration with the Dubai Health Authority (DHA) and the Ministry of Health & Prevention (MoHAP). Mubadala Health is committed to a significant investment in Dubai’s healthcare sector, starting with the opening of ...

  Dubai / WAM Mubadala Health on Tuesday announced its foray into the provision of healthcare services in Dubai. The expansion of Mubadala Health into Dubai is in collaboration with the Dubai Health Authority (DHA) and the Ministry of Health & Prevention (MoHAP). Mubadala Health is committed to a significant investment in Dubai’s healthcare sector, starting with the opening of ...

  AJMAN / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, extended his greetings and best wishes to His Highness Dr Sheikh Sultan bin Muhammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on the occasion of the 50th anniversary of his assumption to power in the emirate of Sharjah. His ...

  DUBAI / WAM The Kingdom of Cambodia celebrated its Expo 2020 Dubai National Day by expressing its commitment to sustainable development. Also, it hosted a series of classical dance routines from the ‘Golden Land’. Highlights included a ‘Best Wishes’ dance, traditionally performed to give blessings to monarchs and leaders, and a Ramayana dance drama based on the Sanskrit epic. ...

  Dubai / WAM Expo 2020 Dubai has recorded 10,836,389 visits as of January 24, while the virtual visitation reached 72.5 million. The visitors were attracted by the new musical from Indian stars Shekhar Kapur and A.R. Rahman, plus a series of high-profile events as part of the first Global Goals Week to be held outside of the United Nations ...

  Bloomberg UK Chancellor of the Exchequer Rishi Sunak is on track for a windfall of around 13 billion pounds ($17.5 billion) this financial year as borrowing figures for the first nine months came in well below official forecasts, despite a sharp rise in debt interest costs. The budget deficit was 16.8 billion pounds last month, taking the shortfall from ...

  Bloomberg Euro area economic activity increased at its slowest pace in almost a year as infections of the coronavirus’s Omicron strain ripped through the services industry. While supply disruptions eased somewhat for manufacturers, a composite gauge for both sectors falls for a second month, to 52.4 in January from 53.3 in December, according to a survey of purchasing managers ...

  Bloomberg Mexico’s annual inflation slowed slightly less than expected in early January and remained far above target, leaving the central bank in a tight spot amid indications the economy is in recession. Consumer prices rose 7.13% from a year earlier, compared to the 7.12% median estimate of economists surveyed by Bloomberg and 7.26% in the last two weeks of ...