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 ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 339,500 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. The ministry also noted that an additional 585 individuals had fully recovered from Covid-19, bringing the total number of recoveries to 740,707. MoHAP announced 1,621 new coronavirus cases, bringing the total ...