Emirates Business Zurich Capital Funds Holding (the ZCFH’) marked the beginning of an exciting new chapter in its ongoing journey towards expanding its investment portfolio with the launch of its new mobile banking. ZCFH headquartered in GCC & Africa, mobile banking company Rezq -Baraka (the ‘Rezq), the only mobile Shariah compliant &digital bank in the world, raises $20 million for ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP), announced that it conducted 299,275 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Saturday, 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 ...

Bloomberg Delta Air Lines Inc is offering to buy back up to $1 billion of high-cost bonds issued at the height of the pandemic last year, as the company begins to look at ways to scale back its balance sheet. The tender offer is for three bonds issued between April and September 2020, according to a news release. The airline ...

Bloomberg More than 2,500 Boeing Co 737 jets in the US will have to be inspected after the company and regulators discovered a potential flaw in a pressure switch that could lead to pilots becoming incapacitated. The Federal Aviation Administration (FAA) said airlines and operators should inspect cabin pressure switches, which help ensure there’s sufficient air to breathe as planes ...

Bloomberg Lulus, the online retailer that focuses on female apparel, is planning an initial public offering this year, according to people with knowledge of the matter. The Chico, California-based company is working with Goldman Sachs Group Inc and Bank of America Corp on the planned listing, said the people who asked not to be identified discussing private information. The company ...

Trade in coal and steel powered the European Union’s formative years. Now the bloc wants to lead the world on climate responsibility, with a bumper package of proposals from expanding an emissions-trading system to banning fossil fuel cars to reach its 2050 target of carbon neutrality. But for all the aspirational visions, there are justified jitters that the European project’s ...

Facebook Inc is betting big to get its piece of the creator economy. But even for a dominant technology platform, money alone doesn’t guarantee success. The company announced plans to pay more than $1 billion to creators by the end of 2022 for making content on its platforms — from providing initial seed money to giving bonuses based on certain ...

As of July 19, people in England will be able to host house parties and weddings with unlimited guests, crowd into music and sporting venues. It’s the summer of fun that young adults and teens have been yearning for. But will they really be able to enjoy it, and at what cost? As Covid cases soar again, many millennials and ...

The unrest on Cuba’s streets is the biggest challenge to the country’s communist government in decades. And it poses a dilemma for the Biden administration, which previously said it wants to ease US sanctions against the Cuban regime. President Biden needs a way to maintain pressure on the government while moderating penalties that have unavoidably worsened the economic plight of ...

Bloomberg A heat wave across some of China’s biggest industrial provinces has pushed local electricity consumption to unprecedented levels, sending thermal coal futures toward record highs. The power load in the eastern province of Zhejiang near Shanghai surpassed 100 million kilowatts per hour for the first time, the State Grid said in its newspaper. Usage has also hit records in ...