News

ABU DHABI / WAM Etihad Airways and startAD have signed a Memorandum of Understanding (MoU), to develop the entrepreneurship ecosystem in the UAE through exchanging knowledge, expertise and training. The agreement was signed by Peter Baumgartner, Etihad Airways Chief Executive Officer, and Ramesh Jagannathan, Managing Director of startAD and Vice Provost for Innovation and Entrepreneurship at New York University (NYU), ...

ABU DHABI / Emirates Business The Abu Dhabi National Oil Company (ADNOC) signed, on Tuesday, a 15-years gas sales agreement with the Dubai Supply Authority (DUSUP) for the supply of natural gas, to help meet Dubai’s energy needs. The agreement was signed, at ADNOC’s headquarters, by HH Sheikh Ahmed bin Saeed Al Maktoum, Director General of DUSUP and Dr Sultan ...

DUBAI / Emirates Business Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, on Tuesday met Astra Kurme, Ambassador of Latvia to the UAE, and her accompanying delegation, where they discussed means of boosting cooperation. During the meeting, Dr Al Nuaimi praised the bilateral relations which bring together the two friendly countries in various fields, while emphasising the ...

Dubai / Emirates Business Emirates Palace partnered with the Dubai World Trade Centre (DWTC) to launch the UAE’s premiere catering company – Emirates Palace Catering by Dubai World Trade Centre (EPC by DWTC). This joint venture is set to elevate the events and catering scene in the capital, offering the best in local and international cuisine combined with impeccable service ...

Sharjah / WAM Air Arabia announced on Tuesday its new route to Grozny, capital of the Chechen Republic in Russia. Air Arabia will begin flights to Grozny on April 20. Air Arabia’s Russia network, which recently increased by launching flights to Sheremetyevo International Airport adding a second route for travel to the Russian capital, has been extended to include the ...

Dubai / Emirates Business Emirates SkyCargo, the freight division of Emirates, is expanding its footprint in Europe with the launch of new scheduled freighter services to Maastricht. Maastricht will join Emirates SkyCargo’s global freighter network of over 40 cities and will become the second freighter destination in the Netherlands after Amsterdam. Emirates SkyCargo will initially operate two freighter flights a ...

Bloomberg India’s push towards universal health-care has Prime Minister Narendra Modi’s political opponents worried, a top government adviser said. Modi’s government announced a plan to provide health insurance to 100 million poor families, which would cover about 40 percent of the population. India plans to cover the entire population “sooner than later,” according to Rajiv Kumar, vice chairman of the ...

Bloomberg Tencent Holdings Ltd. and Cnooc Ltd. are among 11 companies that will join the Hang Seng China Enterprises Index, while China Railway Construction Corp. will be removed, Hang Seng Indexes Co. said in its quarterly review. The changes will take effect on March 5 and increase the number of constituents on the gauge to 50, the index compiler said ...

Bloomberg South Korea’s spy agency has begun investigating the possibility that North Korean hackers orchestrated the theft of about $500 million worth of digital coins from Japanese cryptocurrency exchange Coincheck Inc., said a lawmaker who attended a meeting with the head of the intelligence service. The National Intelligence Service is investigating last month’s incident— one of the largest cryptocurrency heists ...

Bloomberg As the equities selloff spread from Asia to Europe, gold proved its status as a safe haven. The metal added 0.3 percent to $1,343.19 an ounce, extending yesterday’s 0.5 percent advance. FTSE/JSE Africa Gold Mining Index gained 1.7 percent, while silver and platinum also rose. But across other risk markets, screens flashed red as everything from bitcoin to Japanese ...