ABU DHABI / WAM Etihad Airways announced the expansion its hand baggage only ‘Deal Fare’ which allows travellers to purchase lower fares in Economy Class if no checked baggage is required, to include destinations across Europe and Asia. The ‘Deal Fare’ includes a complimentary carry-on baggage allowance of 7kg and was initially only available on flights between Abu Dhabi, Bahrain, ...

Dubai / WAM Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, rang the market-opening bell at Nasdaq Dubai on Wednesday to celebrate the listing of a $1.5 billion perpetual sukuk. According to a press release issued by Nasdaq Dubai on Wednesday, DP World, the Dubai-based provider of worldwide smart end-to-end supply chain logistics, will use the capital ...

ABU DHABI / WAM The United Arab Emirates on Wednesday sent a second aid plane carrying eight metric tonnes of medical supplies to Kazakhstan. This aid will assist approximately 8,000 medical professionals as they work to contain the virus, bolstering the country’s efforts to curb the spread of Covid-19. “The UAE has spared no effort to provide the best health ...

ABU DHABI / WAM Adnoc Distribution has announced the launch of a new range of lubricants that offer greater fuel efficiency for hybrid vehicles. The new range of Adnoc Voyager vehicle engine oils is the UAE’s first to meet the needs of latest engine technologies and to be certified by the world-leading industry body, the American Petroleum Institute (API). Voyager ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has been named the ‘Middle East’s Best Bank for Financing’, ‘Best Investment Bank in the UAE’ and the ‘Middle East’s Best Bank for Corporate Responsibility’ in Euromoney’s Awards for Excellence 2020. The ‘Middle East’s Best Bank for Financing’ honour marks the second consecutive year, and the third time in four years, ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has successfully completed the construction of Unit 2 of the Barakah Nuclear Energy Plant, the Arab World’s first nuclear energy plant located in the Al Dhafra region of Abu Dhabi. The unit has now been officially handed to Nawah Energy Company (Nawah), ENEC’s operating and maintenance subsidiary, for operational readiness ...

Bloomberg The biggest battery storage system in the US connected to California’s electricity grid, giving the state more flexibility to bank excess solar power generated during the hottest parts of the day and deploy it later. The California Independent System Operator, which manages a grid that powers powers 80% of California and a small portion of Nevada, added 62.5 megawatts ...

Bloomberg Pattern Energy Operations LP is raising $700 million to help finance sustainable projects, the biggest green high-yield bond sale since 2017. The San Francisco-based company is offering senior unsecured notes maturing in eight years, according to a person with knowledge of the matter. Royal Bank of Canada, BMO Financial Group and Citigroup Inc are managing the transaction, the person ...

Congress is weighing a big idea as it bargains over the next stimulus package: a bipartisan proposal to expand national-service programs to create jobs, help contain the coronavirus pandemic and begin to unify a divided country. This plan would be a powerful tonic for some of what’s ailing the United States. It’s evocative of the New Deal programs that helped ...

People keep saying not to worry so much about the Covid-19 surge in Florida, because it isn’t killing a lot of people. I’m not buying it. And I’m sorry to predict that by early August, deaths in Florida will be almost as bad as New York at its worst. Florida and New York have similar populations (21.5 million and 19.5 ...