News

Bloomberg Apple Inc. won its court fight over a record 13 billion-euro ($14.9 billion) Irish tax bill in a crushing blow to European Union Competition Commissioner Margrethe Vestager’s crackdown on preferential fiscal deals for companies. The judgment by the EU’s lower court on Wednesday vindicates Apple Chief Executive Officer Tim Cook’s challenge against a decision he labelled as “political crap.” ...

ABU DHABI / WAM Etihad Airways announced the expansion its hand baggage only ‘Deal Fare’ which allows travellers to purchase lower fares in Economy Class if no checked baggage is required, to include destinations across Europe and Asia. The ‘Deal Fare’ includes a complimentary carry-on baggage allowance of 7kg and was initially only available on flights between Abu Dhabi, Bahrain, ...

Dubai / WAM Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, rang the market-opening bell at Nasdaq Dubai on Wednesday to celebrate the listing of a $1.5 billion perpetual sukuk. According to a press release issued by Nasdaq Dubai on Wednesday, DP World, the Dubai-based provider of worldwide smart end-to-end supply chain logistics, will use the capital ...

ABU DHABI / WAM The United Arab Emirates on Wednesday sent a second aid plane carrying eight metric tonnes of medical supplies to Kazakhstan. This aid will assist approximately 8,000 medical professionals as they work to contain the virus, bolstering the country’s efforts to curb the spread of Covid-19. “The UAE has spared no effort to provide the best health ...

ABU DHABI / WAM Adnoc Distribution has announced the launch of a new range of lubricants that offer greater fuel efficiency for hybrid vehicles. The new range of Adnoc Voyager vehicle engine oils is the UAE’s first to meet the needs of latest engine technologies and to be certified by the world-leading industry body, the American Petroleum Institute (API). Voyager ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has been named the ‘Middle East’s Best Bank for Financing’, ‘Best Investment Bank in the UAE’ and the ‘Middle East’s Best Bank for Corporate Responsibility’ in Euromoney’s Awards for Excellence 2020. The ‘Middle East’s Best Bank for Financing’ honour marks the second consecutive year, and the third time in four years, ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has successfully completed the construction of Unit 2 of the Barakah Nuclear Energy Plant, the Arab World’s first nuclear energy plant located in the Al Dhafra region of Abu Dhabi. The unit has now been officially handed to Nawah Energy Company (Nawah), ENEC’s operating and maintenance subsidiary, for operational readiness ...

Dubai / WAM A new launch date for the UAE Hope Probe mission to Mars have been set for Friday July 17 at 12:43am UAE time. The UAE Space Agency and the Mohammed bin Rashid Space Centre, in collaboration with Mitsubishi Heavy Industries, made the announcement following a decision to delay the mission due to bad weather conditions. The UAE’s ...

Bloomberg The Organisation of Petroleum Exporting Countries (Opec) expects demand for its crude oil to rebound sharply next year, surpassing levels seen before the coronavirus crisis, as rival producers struggle to revive output. The Opec forecasts the need for its crude will surge by 25% in 2021 to average 29.8 million barrels a day, higher than the level required in ...

MORONI / WAM President Azali Assoumani of the Comoros received a delegation from the UAE, led by Saeed Mohammed Saeed Al Muqbali, UAE Ambassador to the Comoros, in the presence of Ahmed bin Mohammed Al Jarwan, President of the Global Council for Tolerance and Peace. During the meeting, both sides discussed ways of strengthening their mutual ties, in addition to ...