News

Bloomberg China may be diving head first into a power supply shock that could hit Asia’s largest economy hard just as the Evergrande crisis sends shockwaves through its financial system. The crackdown on power consumption is being driven by rising demand for electricity and surging coal and gas prices as well as strict targets from Beijing to cut emissions. It’s ...

ABU DHABI / WAM Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber, and Michal Kovac, Ambassador of Slovakia to the UAE, have discussed enhancing UAE-Slovakia trade cooperation and economic relations. During a meeting at chamber’s headquarters in Abu Dhabi, Al Mheiri said that Abu Dhabi Chamber is ready to increase joint cooperation between businesses in Abu Dhabi and ...

Abu Dhabi / WAM Abu Dhabi Ship Building (ADSB) signed a memorandum of understanding (MoU) with SNO Yachts, a leading Italian superyacht brand, for the construction of Nautilus 45, a first-in-class superyacht shadow and explorer vessel, for one of SNO Yacht’s existing clients. While the state-of-the-art platform will be built by ADSB in the UAE, SNO Yachts will carry out ...

ABU DHABI / WAM Etihad Airways will be operating more flights to Seychelles from October to provide holidaymakers and families with convenient travel options to the tropical island. The national airline of the UAE will upgrade its Seychelles service from four to five weekly flights from October 7, as well as operate seven additional services between 15 and 24 to ...

Abu Dhabi / Emirates Business National Takaful Company (Watania) announced that it has engaged its customers in Souqalmal’s digital platform “MoneyDoctor”. As a program specialised in spreading financial education, MoneyDoctor comprises of nine different modules that thoroughly present various financial matters and issues inside the UAE. MoneyDoctor provides guidelines regarding various banking and financial issues starting from local business establishment ...

Dubai / Emirates Business Dubai-based Indian entrepreneur and CEO of UAE’s leading corporate training services brand Blue Ocean Academy, Dr Sathya Menon was honoured with the much-coveted 10-year UAE Golden Visa. “I am deeply honoured and humbled by this great gesture shown to me by Dubai’s ruling authorities. I have always been fascinated by the visionary leadership of our beloved ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, visited the operations centre of the Expo 2020 venue in Dubai, ahead of the start of the mega event. Being held for the first time in the Middle East, Africa and Southeast Asia, the event, billed as ...

DUBAI / WAM Dubai’s non-oil external trade surged 31 percent in the first half of 2021 to reach AED722.3 billion from AED550.6 billion in the corresponding period in 2020. Exports grew 45 percent year on year (YoY) in H1 2021 to AED109.8 billion from AED75.8 billion, which supports the goal of the 10 x 10 programme (one of the nation’s ...

Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) has contributed AED3 million to the Social Investment Fund, administered by the Authority of Social Contribution – Ma’an, to support the Abu Dhabi community in addressing its most pressing social challenges. Adnic’s contribution will help finance further social impact programmes and be used towards tackling key social causes such as ...

COX’S BAZAR / WAM The Emirates Red Crescent (ERC) inaugurated phase 2 of its service projects in refugee camps in Rohingya, Bangladesh, as part of the initiative launched by HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), who ...