News

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), signed an agreement with Al Bayt Mitwahid Association to extend their partnership till 2021, as part of its support for the ‘Year of Zayed’ and in support of the Association’s wide range of community welfare initiatives. The agreement was signed by Saif Ali Al Qubaisi, Chairman of Al Bayt Mitwahid ...

UMM AL QAIWAIN / WAM Sheikh Ahmed bin Saud bin Rashid Al Mu’alla, Deputy Chairman of the Umm Al Qaiwain Executive Council, launched the business initiatives of His Highness Sheikh Rashid bin Saud Al Mu’alla, including the launch of a smart portal for insurance services, the “Re’aya Smart Portal,” which is supported by the Executive Council, to serve the business ...

Dubai / WAM Mohammed bin Rashid University of Medicine and Health Sciences (MBRU) and Al Jalila Children’s Speciality Hospital (Al Jalila Children’s) have signed an affiliation agreement, in presence of Dr Abdulla Al Khayat, Al Jalila Children’s Chief Executive Officer, Dr Amer Sharif, MBRU’s Vice Chancellor, Dr Mohamed Al Awadhi, Al Jalila Children’s Chief Operating Officer, and Professor Alawi Alsheikh-Ali, ...

Abu Dhabi / WAM The Abu Dhabi City Municipality (ADM), launched ‘Initiate 360’ aimed to bolster cooperation with partners as regards the implementation of Abu Dhabi Safety and Occupational Health System and ensuring the compliance with the required stipulations and standards at building and construction sites. This initiative is an episode of elective compliance and self-monitoring on the part of ...

Bloomberg After supplying Europe’s biggest economy with natural gas for more than four decades, Norway is preparing to defend its share as the world’s biggest producers all vie for a larger slice of the $21 billion market. Russia began building a second giant pipeline to Germany and US President Donald Trump is turning up the rhetoric in an attempt to ...

Bloomberg Crude climbed to $80 a barrel in London for the first time since May amid signs that global supplies are shrinking. Brent futures rose as much as 1.4 percent on Wednesday, while the US crude benchmark added as much as 2.9 percent. US efforts to isolate Iran have disrupted shipments from OPEC’s No. 3 supplier at the same time ...

Bloomberg Flynas said it will soon start recruiting Saudi women to work as co-pilots. The Riyadh-based airline said it will be the first among Saudi carriers to recruit women in senior positions. The move aims to enable Saudi women to have a greater role in supporting the kingdom’s economy, CEO Bandar Almohanna said. Under Crown Prince Mohammed Bin Salman, Saudi ...

Bloomberg AutoGrid Systems Inc., a California company developing software to manage power on the grid, said it closed a $32 million round of financing as it expands in North America, Asia and Europe. The Series D round included new investors CLP Holdings, Germany utility Innogy SE, Danish renewable power developer Orsted A/S and power producer Tenaska, according to a statement ...

Bloomberg The global excitement about electric cars faces a test in New York on Wednesday. China’s NIO Inc., which seeks to take on the likes of Tesla Inc., starts trading on the New York stock exchange after raising about $1 billion selling American depositary shares at $6.26 apiece. The electric-car maker, backed by Tencent Holdings Ltd., priced the stock near ...

Bloomberg Pioneer Corp., once among the world’s hottest names in technology before succumbing to debt and failed expansions, agreed to a bailout from Baring Private Equity. Baring Private Equity will buy as much as $538 million of stock in the Tokyo-based company, according to a filing. But its shares fell 9.3 percent to their lowest in nine years after the ...