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Dubai / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister, has issued Decree No. 17 of 2018 establishing subsidiaries of the Dubai Health Authority (DHA). The new DHA subsidiaries established under the Decree are Dubai Healthcare Corporation and Dubai Health Insurance Corporation. The subsidiaries will ...

Dubai / WAM A Memorandum of Understanding (MoU) agreed by DP World, Egypt’s Holding Company for Maritime and Land Transport and the Suez Canal Authority is aiming to develop a new Inland Container Depot (ICD) in Egypt’s 6th of October City, a satellite town in the Giza Governorate and part of the urban area of Cairo. The three partners will ...

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, Chairman of the Emirates Red Crescent (ERC), stated that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is keen to advance its humanitarian mission and promote and develop its relief and development work. He added ...

Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority, DEWA, has received a delegation from Belgian company CMI Solar, led by Jean-Michel Gheeraerdts, President of CMI Energy Group, accompanied by Eric Absil, President of CMI Solar, Michel Lalemand, Vice President of CMI Solar, Thomas Bauthier, Projects Manager, and Christophe Corteil, Projects Developer. The ...

Abu Dhabi / Emirates Business A delegation from Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, participated in the official inauguration of two of its funded projects in the Albanian capital Tirana, worth AED240 million ($58.26 million). Adel Al Hosani, Director of the Operations Department at ADFD, led the delegation representing the Fund. The event ...

Bloomberg The big, rushed and opaque deal for an enigmatic Chinese energy company to buy into Russia’s state oil behemoth has disintegrated. CEFC China Energy Co.’s agreement last year to purchase a $9 billion stake in Rosneft PJSC came to end as the sellers decided not to proceed with the deal. Separately, meetings scheduled for investors holding 15.1 billion yuan ...

Bloomberg OPEC member Algeria is looking to boost spending outlined in its 2018 budget by 6 percent, capitalizing on high oil prices ahead of presidential elections next year. A proposed amendment to the 2018 budget law would raise spending to almost 9.13 trillion dinars ($79 billion). The additional funds would be directed to the investment budget, which will rise 12 ...

Bloomberg There’s no other company on Earth quite like Ant Financial. Spanning online payments, insurance, lending, credit scores, asset management and more, Jack Ma’s Chinese behemoth resembles a mashup of PayPal, Geico, Wells Fargo and Equifax — with a bit of BlackRock thrown in for good measure. Thanks to clever mobile apps and a burgeoning Chinese middle class, Ant oversees ...

Bloomberg Investors couldn’t get enough of Ping An Healthcare & Technology Co.’s initial public offering. Now they can’t get out fast enough. The company, also known as Good Doctor, fell as much as 11 percent to trade below the low end of the range offered to investors in the share sale, before paring losses to 3.3 percent at 10:33 a.m. ...

Bloomberg Vinhomes JSC, the luxury residential arm of Vietnam’s biggest developer, is poised to price its $1.35 billion initial equity offering at the top end of a marketed range, people with knowledge of the matter said. Existing Vinhomes investors plan to sell shares at 114,700 dong apiece in the offering, the people said, asking not to be identified because the ...