Abu Dhabi / WAM National Central Cooling Company (Tabreed) on Wednesday announced that it has successfully raised AED1.8 billion with a 7-year, 2.5% coupon bond issuance. With orders coming from around 140 high quality local and international investors, the issuance was oversubscribed almost 5 times at its initial size of $400 million, demonstrating strong investor confidence in Tabreed’s solid credit ...

Dubai / WAM The Federal Authority for Government Human Resources has announced that Thursday, October 29, will be a public holiday for federal government employees to mark the birthday of the Prophet Mohammed. A circular issued by the Federal Authority for Government Human Resources on Wednesday added that work will resume on Sunday, November 1.

Bloomberg Oil dropped after an industry report pointed to a surprise increase in American crude stockpiles, countering optimism over a potential US stimulus agreement. The American Petroleum Institute (API) reported crude inventories climbed by almost 600,000 barrels last week, according to people familiar with the data. That contrasts with a stockpile decline forecast in a Bloomberg survey. Brent crude futures were ...

Abu Dhabi / WAM Dr Omar Abdulrahman Al Hammadi, Official Spokesman of the UAE government, revealed statistics that reflect the health situation in the country while Dr Farida Al Hosani, Official Spokesperson of the Health Sector, highlighted the progress in vaccine production, its objectives and the differences between various vaccines. This came during the media briefing held periodically by the ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated the Al Subaihiya Suburb Council in Khorfakkan on Wednesday morning. After unveiling the official plaque to announce the inauguration of the council, the Ruler of Sharjah toured the building’s majlises, offices and halls. His Highness was also briefed on the ...

Brasilia / WAM The Governor of Brasilia Province, Ibaneis Rocha, has praised the humanitarian and medical aid provided by the UAE to Brazil, which contributed to strengthening the efforts of medical professionals as they work to combat the spread of Covid-19. This came during his meeting with the UAE Ambassador to Brazil, Saleh Ahmad Salem Al Suwaidi, wherein they discussed ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Wednesday announced that its employee-led continuous improvement programmemes have delivered almost AED60 million in cost savings since the start of the year. Since January, EGA employees also submitted 18,400 ideas through the company’s suggestion scheme to solve operational, safety and environmental challenges, with cost savings of over AED28 million. EGA’s ‘Tamayaz’ ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 105,740 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 ...

DUBAI / WAM The Abu Dhabi Department of Energy (DoE) announced it updated its Schedule of Violations and Administrative Fines, affecting all licensed entities, real estate developers, facility owners, energy services companies, and individuals. The decision aims to upgrade the energy ecosystem; implement international standards in supplying electricity, water and wastewater services; secure the sector’s infrastructure; and implement health, safety ...

Dubai / WAM The Dubai Financial Services Authority (DFSA) will be hosting “RegTech Live: Driving Compliance through Innovation”, a virtual event in partnership with the Dubai International Financial Centre Authority (DIFCA) on November 10-11. The event, the second of its kind for this year, builds on the topics discussed in June and reinforces the DFSA’s goal of fostering innovation in ...