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UAE’s humanitarian efforts have become sustainable approach

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  Dubai / WAM Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention and Minister of State for Federal National Council Affairs, has emphasised that the UAE will continue to extend a helping hand to all those in need around the world, irrespective of their religion, race or colour, adding that the country’s humanitarian aid has ...

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UAE sends medications worth AED60m to needy

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  Dubai / WAM The Dihad Sustainable Humanitarian Foundation, in collaboration with the Emirates Red Crescent (ERC), has sent the first medicines and medical supplies shipment worth AED60 million to countries in need to reduce the burden on patients suffering from severe health conditions and chronic diseases around the world. The shipment comes as part of the ‘Forevercare’ Initiative which ...

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Covid-19: UAE reports 659 new recoveries

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 230,589 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

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Safeen Marine Services marks 5m man-hours safety milestone

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  Abu Dhabi / Gulf Time Safeen Marine Services, part of AD Ports group’s maritime cluster, announced on Friday it has marked more than five million man-hours with zero lost time injuries (LTI) and zero environmental incidents since its launch in 2012. Operating in nine commercial ports in the UAE and the Middle East, Safeen Marine Services extends HSE policy ...

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Fujairah named safest place in Numbeo’s ‘Safety Index by City’

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  Abu Dhabi / WAM The emirate of Fujairah was ranked first in the “Safety Index by City” compiled by Numbeo, which provides regular statistics on economic, social and safety areas worldwide. Fujairah received a score of over 93 percent, outperforming 466 international cities, which is attributed to its high living standards and the significant support of His Highness Sheikh ...

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Premiums of listed insurance firms in UAE reach AED15.6bn

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  Abu Dhabi / WAM The total premiums of insurance companies listed in local financial markets in the first half of 2022 increased by 7.64% year-on-year, equivalent to AED1.11 billion, while their net profits totalled AED817.8 million. According to the disclosure reports of 28 national insurance companies, the total value of premiums increased from AED14.563 billion in the first half ...

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Dewa develops proactive solutions to increase efficiency, says Al Tayer

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  Dubai / WAM Dubai Electricity and Water Authority (Dewa)’s Asset Health Centre consolidates preventive and proactive maintenance in the water network through gathering and analysing data and providing needed recommendations to enhance the health and life cycle of assets (pumps, engines, pipes, water reservoirs and others). It also forecasts defects using artificial intelligence and machine learning algorithms. Dewa uses ...

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PetroChina considers spinoff of energy marketing business

China oil majors as energy markets tighten

Bloomberg PetroChina Co, the country’s biggest oil and gas producer, is weighing a plan to carve out its marketing and trading business and seek a separate listing, people with knowledge of the matter said. China National Petroleum Corp (CNPC), the state-owned parent of PetroChina, has asked external consultants to provide proposals on the feasibility of such a plan, said the ...

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Germany’s Uniper suffers $12.2 billion hit in energy shock

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  Bloomberg Uniper SE reported a loss of more than 12 billion euros ($12.2 billion), ranking among the biggest in German corporate history and laying bare the unprecedented crisis engulfing Europe’s energy markets. The size of the hit for the utility, which last month received a government bailout, shows just how severe the situation is as the European Union braces ...

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Russia’s Sakhalin-2 LNG plant asks its buyers to pay Gazprombank

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Bloomberg Russia has asked buyers from its Sakhalin-2 LNG plant to pay Gazprombank JSC, throwing customers including Japan and South Korea into a dilemma over sanctions that threaten shipments. Sakhalin Energy LLC, the new operator, sent settlement instructions to customers for paying in US dollars to Gazprombank, according to documents seen by Bloomberg. Gazprom PJSC owns just over 50% of ...

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