News

Abu Dhabi / WAM Masdar, a global leader in sustainable innovation and development, and a subsidiary of Mubadala Investment Company, has announced the opening of a Covid-19 vaccination centre in Masdar City, Abu Dhabi. The new centre is part of the Mubadala Health network of Covid-19 vaccination centres and supports the Ministry of Health and Prevention (MoHAP) and the Department ...

Abu Dhabi / WAM Etisalat Group announced on Tuesday that its twelve month ending December 31, 2020, consolidated revenues reached AED51.7 billion, while consolidated net profit after Federal Royalty amounted to AED9 billion, an increase of 3.8 percent compared to last year. The group’s board of directors proposed dividend payout of 40 fils per share for the second half of ...

ABU DHABI, HONG KONG / WAM The central bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) jointly announce on Tuesday the exchange of a Memorandum of Understanding (MoU) to enhance collaboration on fintech between the two authorities, with a view to strengthening co-operation between the two jurisdictions in promoting innovative financial services and regulatory ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE) on Tuesday announced that it had signed long-term lease agreements for seven Airbus A321neo aircraft with IndiGo, India’s largest passenger airline. All seven aircraft will be powered by CFM International’s Leading Edge Aviation Propulsion (LEAP) engines and are scheduled to be delivered in 2021. Firoz Tarapore, Chief Executive Officer of DAE said, “We ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 175,284 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

Bloomberg Chancellor Angela Merkel’s government is weighing as much as 50 billion euros ($61 billion) in additional debt spending to fight fallout from coronavirus crisis. Germany’s coronavirus cabinet discussed the financing for Covid-19 tests and other measures to support Europe’s largest economy. The funding — equivalent to about 1.5% of German gross domestic product — reflects an initial estimate, and ...

Bloomberg UK unemployment climbed to its highest rate in almost five years in the fourth quarter as the economic toll from the coronavirus pandemic continued to mount. The number of people looking for work rise 121,000 from the third quarter, taking the jobless rate to 5.1%, the most since early 2016, the Office for National Statistics said on Tuesday. The ...

Bloomberg Facebook Inc. backed down from its news blackout in Australia after government agreed to amend world-first legislation forcing the tech giant and Google to pay local publishers for content. The social-media platform switched off news sharing in Australia last week in opposition to the proposed law, and Mark Zuckerberg and government officials have been locked in talks to find ...

Bloomberg Johnson & Johnson (J&J) said it set aside almost $4 billion to cover the biggest verdict against the company over its Baby Powder and other settlements while it’s appealing the 2018 loss to the US Supreme Court. In a securities filing, J&J said it was taking a “litigation expense of $3.9 billion” related to ‘primarily talc-related reserves and certain ...

Bloomberg Statistics Canada backtracked on its decision to revise down estimates of underlying inflation, raising questions whether the agency has a full grasp of the real state of price pressures in the economy. In a rare move, the agency said it’s reversing a methodological change — unveiled only five days ago — that lowered some readings of core prices. After ...