Dubai / WAM Emirates Development Bank (EDB) has announced the signing of a credit facility agreement with Valiant Healthcare, the owner of Valiant Clinic & Hospital, a UAE-based boutique multi-specialty clinic and hospital located in CityWalk Dubai. The agreement will extend financing to for both capital investment and operational expenditures, allowing it to fulfil its expansions plans and while ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai, has issued Resolution No.27 of 2022 appointing His Highness Sheikh Ahmed bin Saeed Al Maktoum as Chairman of Expo City Dubai Authority. HH Sheikh Mohammed bin Rashid also issued Resolution No.28 of ...

  Abu Dhabi / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, celebrated its second successful year of operations, having flown over 800,000 passengers on some 7,600 flights operating to 24 routes. The carrier’s fleet grew over the past two year from just 2 Airbus A320 aircraft at launch to 8 new aircraft as of today with additional ...

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 297,155 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. ...

  Abu Dhabi / Gulf Time Etihad Airways, the national airline of the UAE, has been named ‘Environmental Airline of the Year 2022’ in the annual Airline Ratings awards. The ranking recognises Etihad’s industry-leading strategy to improve aviation sustainability for both the airline itself and the entire industry. The UN Framework Convention on Climate Change chose the UAE as host ...

Bloomberg Russia’s government has made a plan to create a national oil benchmark next year, as it seeks to protect itself from efforts by the West to restrict the flow of petrodollars to the country. Key ministries, domestic oil producers and the central bank plan to launch oil trading on a national platform in October, according to a document seen ...

Bloomberg The European Union (EU) took a step towards accelerating its deployment of hydrogen across the bloc, by approving a 15-nation project to help produce the fuel seen as critical to decarbonising heavy industry. The EU’s executive gave the green light under state aid rules to an “Important Project of Common European Interest” that will help unlock around $9 billion ...

  Bloomberg Chinese bureaucrats studying the energy outlook are proposing to end a near two-year ban on Australian coal as tensions begin to ease and on concerns supply may tighten when Western-led sanctions on Russian energy kick in. The proposal will be submitted to senior leaders, with a recommendation Beijing should resume Australian imports. That’s been prompted by fears European-led ...

Bloomberg South Africa is considering more than doubling the amount private power producers can generate without requiring a license in a bid to reduce blackouts that are hobbling the economy. President Cyril Ramaphosa is racing to make an announcement as soon as Sunday, the people said, asking not to be identified as the matter isn’t public. South Africa last year ...

  Bloomberg China’s biggest oil company said its first-half profits jumped 50% to 60% from a year ago amid a surge in global energy prices. PetroChina Co.’s preliminary net income rose between 26.5 billion to 32 billion yuan ($3.9 billion to $4.7 billion) from last year, it said in an exchange filing. The company earned 53 billion yuan in the ...