News

VIENNA / WAM The OPEC Fund for International Development (OFID) has signed a $20 million public sector loan agreement with Kenya to increase regional connectivity, enhance trade and improve the socio-economic welfare of about 1.6 million people. The loan will finance the upgrading of the 90 km Samatar – Wajir Road, a part of the North and North-Eastern Development Initiative ...

ABU DHABI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology; and Abdulla Shahid, Minister of Foreign Affairs of the Maldives, and Mariam Hareb Almheiri, Minister of State for Food Security, co-chaired the ministerial meeting of the inaugural UAE-Maldives joint committee on Tuesday. During the meeting, both sides discussed a number of issues of interest ...

ABU DHABI / WAM Abu Dhabi University (ADU) has entered into a strategic partnership with Advanced Cure Diagnostic Centre (ACDC), following the signing of a Memorandum of Understanding (MoU). Founded in 2007 as a comprehensive ambulatory care unit with over a dozen specialities, the ACDC is home to leading physicians across a variety of medical fields. The MoU promotes ties ...

Abu Dhabi / WAM Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has signed a five-year Memorandum of Understanding with the United Nations Children’s Emergency Fund (Unicef) to support its Humanitarian Airfreight Initiative. Under the MoU, Etihad Cargo will aid the worldwide distribution of Covid-19 vaccines, essential medicines, medical devices, and other critical supplies to respond to ...

Abu Dhabi / WAM EPI, the precision engineering backbone of the UAE’s aerospace and defence industry, on Tuesday announced that it is joining forces with the Mohammed Bin Rashid Space Centre (MBRSC), home to the UAE National Space Programme, to manufacture key components for its new satellite project MBZ-SAT. The six-month-long project will see EPI producing 147 machined parts for ...

Abu Dhabi / WAM Noura Al Suwaidi, Secretary-General of Women’s Union (GWU), stressed that 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) the “Mother of the Nation,” is exerting all possible efforts to support and empower women around ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 193,163 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 scope of testing nationwide to facilitate early detection of coronavirus cases and carry out necessary treatment. As part ...

Bloomberg Singapore reaffirmed its forecast for a rebound in economic growth this year after its worst annual contraction since independence, signalling the recovery is on track while more stimulus expected in this week’s annual budget presentation will provide further support. The Ministry of Trade & Industry (MTI) maintained its projection for growth in a range of 4% to 6% for ...

Bloomberg Amazon.com Inc will begin making devices in India for the first time, joining a flock of technology companies setting up manufacturing operations in the South Asian country. The Seattle-based e-commerce giant will start making the devices via a subsidiary of its manufacturing partner Foxconn Technology Group and production will start later this year in its facilities outside Chennai, the ...

Bloomberg Hong Kong tycoon Victor Li’s CK Asset Holdings Ltd sold a luxury apartment for a record-breaking $59 million, another sign that the city’s upscale housing market is recovering. The price for the five-bedroom apartment at the 21 Borrett Road project spanning 3,378 square feet translates into HK$136,000 per square foot, sale materials show. It broke the record made by ...