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DXB gears up to welcome 2.4mn passengers over 11 days

  Dubai / WAM Dubai Airports has issued a passenger advisory alerting travellers about Dubai International (DXB) getting exceptionally busy over the next two weeks as a result of schools breaking for summer and the Eid Al Adha holidays. According to the operator, some 2.4 million passengers are expected to pass through DXB between June 24 and July 4, with ...

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Rescuers scramble to reach survivors of Afghan quake

  Bloomberg Rescue and relief teams are struggling to reach survivors of a deadly earthquake that hit Afghanistan’s remote southeast, killing at least 1,000 people and injuring hundreds more even as the country battles multiple humanitarian crises. The eastern Paktika province, home to some of the country’s most impoverished farmers and cattle herders, was the worst hit, several officials from ...

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UAE public spending reaches AED11.35 billion in Q1 2022

  Abu Dhabi / WAM The Ministry of Finance announced that the revenues of federal authorities in the first quarter of 2022 amounted to AED11.339 billion while their expenditures amounted to some AED11.354 billion during the same period. In the financial performance report of the outcomes of the implementation of the general budget of the Federation for the first quarter ...

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UAE’s Pure Health commits AED10b to local procurement

  Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) signed an agreement with Pure Health, the UAE’s largest integrated healthcare group, to join the National In-Country Value Programme, one of the key pillars of the national industrial strategy. As part of the agreement, that was signed on the second day of the “Make it in the ...

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Aldar launches apartments at Grove District on Saadiyat Island

  ABU DHABI / WAM Aldar Properties has announced the launch of apartments at Grove District, a new at Abu Dhabi’s Cultural Epicentre on Saadiyat Island. Grove District sits within Aldar’s flagship Saadiyat Grove development, and its apartments boast partial views of the island’s three landmarks: Zayed National Museum, Louvre Abu Dhabi, and Guggenheim Abu Dhabi. The development, when completed, ...

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Worst natural disaster in eight years kills 1,000 in Afghanistan

  Bloomberg At least 1,000 people have been killed and hundreds more injured after a powerful earthquake hit southeastern Afghanistan overnight, setting off a new humanitarian crisis in a country already facing a crumbling economy and hunger. The eastern Paktika province was the worst hit, Sharafuddin Muslim, the deputy state minister for Disaster Management said. The state-run Bakhtar News agency ...

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China sends ‘sortie of warplanes’ after US rejects claims over Taiwan Strait

  Bloomberg China sent its third-largest sortie of warplanes towards Taiwan this year, after the US rejected Chinese claims over the Taiwan Strait and reports of arms sales talks with Taipei in Washington. Twenty-nine Chinese aircraft, including six H-6 bombers and an electronic intelligence gathering plane, entered Taiwan’s southwestern air defense identification zone Tuesday, according to a tweet from the ...

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Adnoc identifies $19b of products with local manufacturing potential

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Tuesday it has identified AED70 billion ($19 billion) worth of products in its procurement pipeline that could be manufactured locally. Out of this value, Adnoc signed agreements for local manufacturing opportunities worth AED21 billion ($5.7 billion) with UAE and international companies. The agreements, which were signed at ...

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ADX launches Fadx 15 Futures, exchange’s first index derivatives

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has announced the offering of future contracts on the FTSE ADX 15 (Fadx 15) Index for trading on its financial derivatives platform. The Futures are the first index derivatives to be listed on ADX as the exchange accelerates efforts to bolster market liquidity and attract more global investors. Fadx ...

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G42 Healthcare and AstraZeneca ink deal to advance life sciences

  ABU DHABI / WAM G42 Healthcare, an Abu Dhabi-based leading health tech company and subsidiary of G42, an artificial intelligence and cloud computing company located in Abu Dhabi, signed a letter of intent (LOI) with global biopharmaceutical company, AstraZeneca, in the presence of the Department of Health – Abu Dhabi (DoH), to expand their collaboration into the domains of ...

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