DUBAI / WAM Oman Insurance Company announced that it has posted a net profit of AED110.2 million in the first half of this year, a four percent increase as compared to the same period last year while having increased its solvency above 250 percent. Total Gross Premium Written (GPW) at the end of H1 2020 is AED2.1 billion (+3 percent ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurated the Mohammed bin Rashid Medical Research Institute, the UAE’s first independent biomedical research centre on Tuesday. Deputy Ruler of Dubai HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum; Chairperson of the Board of Trustees of ...

Abu Dhabi / WAM Etihad Guest, the award-winning loyalty programme of Etihad Airways, together with Adnoc Distribution, have expanded their partnership to bring greater reward benefits to members through a reciprocal agreement. “This partnership is an extension of the decades-long relationship between Etihad Airways and Adnoc Distribution, and the first partnership allowing members of both loyalty programmes to convert reward ...

New York / WAM The United Arab Emirates has reiterated its support for the people of Lebanon during a virtual briefing on the humanitarian situation in the country in the wake of the tragic Beirut explosion on August 4. “Our hearts go out to the people of Lebanon,” said Amiera Alhefeiti, Deputy Permanent Representative and Charge d’Affaires of the UAE ...

Abu Dhabi / WAM Seven new drive-through coronavirus screening centres have opened across the country. Seha’s Ambulatory Healthcare Services announced on Tuesday the launch of laser-based DPI testing (blood test) for people wanting to enter or renter Abu Dhabi at selected drive-through screening centres. “During the first phase, the service will be provided at screening centres in Zayed Sports City ...

Bloomberg Tongwei Solar, a unit of Tongwei Co, raised multicrystalline solar cell prices by 11% to 0.6 yuan per watt, according to a notice on its website. The company, the world’s leading cell producer, also increased prices for three types of monocrystalline cells by 0.08 yuan per watt each, about a 9% increase. The hike is the second in less ...

Bloomberg Occidental Petroleum Corp’s Algerian oil and gas assets are a core holding and will no longer be listed for sale, Chief Executive Officer Vicki Hollub said on a conference call with analysts. In May, Occidental’s proposed sale of its Algerian assets to Total SE was blocked by the North African country, putting further pressure on the shale driller as ...

Over the weekend, President Donald Trump issued several new executive orders aimed at extending the Covid-19 economic stimulus that has offered some financial relief to millions of Americans. But instead of bringing clarity, the orders have generated a raft of confusion. Are they even constitutional? Will they go into effect? For your convenience, here’s a simple rule of thumb for ...

Amazon.com Inc might soon be filling online orders from the kinds of shopping centers it has helped destroy. The e-commerce giant, according to the Wall Street Journal, is in talks with mall operator Simon Property Group Inc about setting up fulfillment centres in spaces currently or formerly occupied by JC Penney and Sears, two once-mighty department stores that have filed ...

Covid-19 may have left roads around the globe barren of cars, but it hasn’t stopped China from claiming leadership over the world of navigation and digital mapping. Watch out, GPS. Big plans are in the making. China has launched the final leg of its BeiDou Navigation Satellite system, or BDS, completing the build-out of a network that competes with America’s ...