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President approves new structure of UAE government

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan approved the new structure of the UAE Government. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, after consultations with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander ...

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Global economy unlikely to fully recover in 2021

Bloomberg The world economy is entering the second half of 2020 still deeply weighed down by the coronavirus pandemic with a full recovery now ruled-out for this year and even a 2021 comeback dependent on a lot going right. It’s a scenario few if any predicted at the start of the year when most economists were banking on another year ...

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Moody’s, Fitch upgrade credit ratings of Taqa

Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) announced on Sunday that international credit rating agencies Moody’s Investors Service and Fitch Ratings upgraded its final issuer ratings by three notches to Aa3 from A3 and by two notches to AA- from A, respectively. The ratings represent fourth highest investment grade rating on each of agencies’ rating scales and ...

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