Bloomberg Oil dipped, trimming a weekly advance, as the fast-spreading delta variant continues to cloud the short-term demand outlook. Futures closed nearly 1% lower in New York, narrowing a weekly gain to 0.2%. The latest Covid-19 wave is leading to tighter curbs on movement across the globe, though there are mixed assessments on its impact. The International Energy Agency (IEA) ...

Bloomberg Initial public offerings are coming thick and fast in mainland China, with Shanghai set to host the world’s two biggest listings this year as domestic investors look past the government’s regulatory crackdown. It’s a different story in Hong Kong, a global center for IPOs that’s seen only one offering so far this month. International investors who use the financial ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to President Arif Alvi of Pakistan on the occasion of his country’s Independence Day, which is marked on August 14. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and HH Sheikh Mohamed bin Zayed ...

SHARJAH / WAM The Sharjah Electricity, Water and Gas Authority (Sewa) has completed 50 percent of the project to extend a strategic line to transfer water from Al Rahmaniya to Al Azra, to enhance the efficiency of the network and regulate water pressure, as well as serve all the areas that it passes through, especially the Sustainable City next to ...

VIENNA / WAM The OPEC Fund for International Development (OFID) has announced the signing of a $70.5 million loan agreement with Jordan to help mitigate the socio-economic impact of the Covid-19 pandemic by providing social safety net programmes and stimulus packages that aim to retain workers across various economic sectors and create new jobs. According to OFID’s statement, the Fund ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 321,610 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. As partof ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has said that the UAE has presented to the world an exceptional model in developing and leading future government work to become a role model to be followed in sustainable development and modernisation. Sheikh Mohammed bin Rashid said, “Today, we approved ...

DUBAI / WAM Dubai Customs launched a comprehensive guide for all the services and facilities it provides to enable traders and businesses, who selected Dubai as their preferred investment destination, to increase their trade and boost their revenues. The guide will be introduced to the participants and exhibitors of Expo2020 Dubai. Within the national efforts and preparations to fulfill the ...

AL AIN / WAM Abu Dhabi Health Services Company (Seha) has expanded its Mezyad Healthcare Centre, which is managed by Ambulatory Healthcare Services (AHS), to include a new building for specialty clinics in efforts to meet the community’s ongoing healthcare needs. The new 2-storey building comprises 14 rooms and provides a range of new specialty services, including cardiology, ophthalmology, ENT, ...

SHARJAH / WAM The Sharjah Electricity, Water and Gas Authority (Sewa) has completed 50 percent of the project to extend a strategic line to transfer water from Al Rahmaniya to Al Azra, to enhance the efficiency of the network and regulate water pressure, as well as serve all the areas that it passes through, especially the Sustainable City next to ...