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Emirates Steel picks ECI as its new credit insurance partner

DUBAI / WAM Emirates Steel has named Etihad Credit Insurance (ECI) as its credit insurance partner to provide export credit protection to its global exports. Emirates Steel has signed with ECI for a comprehensive trade credit insurance package, which will protect Emirates Steel against commercial risks of its customers such as insolvency, payment default, and political risks. Under the agreement, ...

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Covid-19: UAE reports 2,443 new recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) on Sunday said it carried out over 87,336 additional Covid-19 tests in the country over the last 24 hours, uncovering 513 new cases. It also announced the recovery of an additional 2,443 individuals from the virus, bringing the total number of recoveries to 66,095. No new deaths were recorded ...

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Wizz Air Abu Dhabi receives first aircraft

Abu Dhabi / Emirates Business Wizz Air Abu Dhabi, the new national airline of the United Arab Emirates celebrates the arrival of its first state-of-the-art new Airbus A321neo aircraft to Abu Dhabi International Airport. Wizz Air Abu Dhabi, the joint-venture established between ADQ, one of the region’s largest holding companies, and Wizz Air Holdings Plc, has recently received national carrier ...

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Indian minister hails UAE-India relations

New Delhi / WAM India’s External Affairs Minister, Dr S. Jaishankar has described the enhancement of relations with the UAE as one of the top foreign policy achievements of the Narendra Modi government in its first five years in office. “The sense of extended neighbourhood, the much greater interest in the Gulf, much closer linkages, these are big changes that ...

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ADFD-funded $15m solar plant in Cuba gets capacity boost to 15MW

Abu Dhabi / WAM The 10-megawatt solar photovoltaic plant, which was inaugurated in Cuba last year, has received a capacity boost to 15 megawatts (MW). The grid-connected project, financed by Abu Dhabi Fund for Development (ADFD) currently supplies enough electricity for an estimated 10,000 homes. The funding is part of ADFD’s commitment of $350 million to support renewable energy uptake ...

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UAE to provide medical treatment for ex-Mali president

Abu Dhabi / WAM The United Arab Emirates will provide medical treatment for former President of Mali Ibrahim Boubacar Keita, according to a UAE diplomat. Mohamed Al Shamsi, Director of the African Department at the Ministry of Foreign Affairs and International Cooperation, said the decision comes in response to a request by the ruling military junta in Mali and in ...

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Ministry reviews ways of accelerating growth

Abu Dhabi / WAM Abdullah bin Touq Al Marri, Cabinet Member and Minister of Economy, has re-affirmed the ministry’s commitment to continue to work closely with its partners to address all besetting challenges through a flexible package and general plan to support the country’s economy. The minister made the remarks at a meeting held at the ministry’s HQ in Dubai ...

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UAE sends urgent aid to flood-stricken Sudan

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, and Chairman of the Emirates Red Crescent (ERC) ordered urgent humanitarian aid to those affected by the floods sweeping Sudan. The aid includes food and medicines to areas hit by the natural disaster, the worst to strike the country in more than ...

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Vodafone Idea to raise up to $3.4 billion

Bloomberg Vodafone Group Plc’s India unit said it plans to raise as much as 250 billion rupees ($3.4 billion) selling shares, debt to shore up its finances as it takes on bigger rivals Reliance Jio Infocomm Ltd and Bharti Airtel Ltd, which have been luring subscribers from the struggling No. 3 wireless carrier. The board of Vodafone Idea Ltd approved ...

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US visitors will need negative virus-test results, says China

Bloomberg China will require passengers arriving on direct flights from the US to provide negative Covid-19 nucleic-acid test results taken within 72 hours of the flight. Passengers travelling from the US to China, and those transiting in any country that the Chinese government has listed as requiring the screening, must have negative Covid-19 results from a test done within three ...

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