Abu Dhabi / WAM The Abu Dhabi Labour Court has successfully secured the payment of the financial dues of 2,794 workers in 4 companies, amounting to a total of AED40 million. The court took prompt legal measures and ended the disputes by moving directly to the workers’ place of residence onboard the mobile court, to hand over their financial ...

  Bloomberg Oil settled above $73 a barrel for the first time in four weeks as signs that the omicron Covid-19 variant may be less severe than previous strains eased concerns about a demand hit. West Texas Intermediate futures in New York closed 1.4% higher amid thinning liquidity heading into the holiday period. A UK health agency said omicron was ...

  ABU DHABI / WAM Etihad Airways and ADQ announced a proposed transaction that will support the ongoing transformation of Etihad Airways and the future growth of the civil aviation sector in Abu Dhabi. As part of the proposed transaction, a number of Etihad’s businesses providing airline support services will become part of a new ADQ aviation company. Once the ...