Bloomberg Oil plunged to an 11-week low, extending losses after the worst week since October, as new waves of Covid-19 threatened fuel demand. Futures fell below $66 a barrel in New York, while wilting timespreads showed the market is faltering. Goldman Sachs Group Inc downgraded its economic growth forecast for China as the country imposed measures to contain virus flare-ups, ...

ABU DHABI / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan has sent congratulatory messages to kings, presidents and emirs of the Arab and Islamic countries on the advent of new Hijri year 1443. President His Highness Sheikh Khalifa bin Zayed wished them good health and happiness, further progress and prosperity for their people and dignity and glory for the ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), a multi-line insurance providers for both corporates and individuals, reported net profit for the six-month period ended 30th June 2021 increased by 31.1 percent to AED248.7 million, compared to AED189.7 million for the same period in 2020, driven by outstanding performance in both underwriting and investment activities. Gross written premiums ...

SHARJAH / WAM Air Arabia, the Middle East & North Africa’s first and largest low-cost carrier operator, on Monday reported a profitable first half (January to June) 2021 despite Covid-19 continued impact on the aviation’s industry financial and operational performance. Air Arabia reported a net profit of AED 44 million for the first six months ending on June 30, 2021, ...

Dubai / WAM The Rental Disputes Centre (RDC), the judicial arm of the Dubai Land Department (DLD), resolved 61,555 primary rental cases from 2015 to the end of 2020, representing just two percent of the total number of documented Ejari contracts (4,280,292 contracts) registered with the department during the same period, which has enhanced the community’s confidence in the laws ...

UAE / Emirates Business Gulf Craft, one of the world’s leading shipbuilders, recorded a robust 42% growth in the value of its global order book during the first half of the year (January to June 2021) compared to the full year of 2020. The fully integrated boat and yacht manufacturer has secured 71 confirmed orders for its range of boats ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Emiri Decree regarding the appointment of a Deputy Ruler of the Emirate of Sharjah. Emiri decree No. 25 of 2021 stipulates that Sheikh Sultan bin Ahmed bin Sultan Al Qasimi will be appointed as the Deputy Ruler of the Emirate ...

ABU DHABI / WAM The Department of Community Development in Abu Dhabi (DCD) and Statistics Centre — Abu Dhabi (SCAD) signed a cooperation agreement that will allow the two entities to accurately measure the quality of life for workers in Abu Dhabi. The aim is to activate their role within a set of future programmes and initiatives that will help ...

SHARJAH / WAM Sharjah Airport Authority (SAA) continues to enhance travellers’ experience by implementing a wide range of self check-in services, allowing passengers and customers to clear their transactions and complete the on-the-ground process quickly, while reducing waiting time during peak hours. With the new initiatives, the SAA aims to increase their customers’ satisfaction and improve their experience at Sharjah’s ...

DUBAI / WAM Expo 2020 Dubai has revealed the calendar for its ‘Programme for People and Planet,’ a schedule of events, experiences, thought-leadership and public conversations that aims to find solutions for some of the most pressing problems facing our world. Designed with and for the global community, the programme will harness the connecting power of World Expos to catalyse ...