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Abu Dhabi / WAM The National Health Insurance Company (Daman), has launched a trial phase allowing clients to pay insurance premiums and service charges using e-Dirham at its service centre in its Abu Dhabi headquarters. Daman said that payments using e-Dirham services will be included in the approved payment options package, and will expand to the remainder of the company’s ...

Abu Dhabi / WAM Khalifa Fund for Enterprise Development (KFED) and the Development Bank of Belarus (DBRB) signed an MoU setting up the framework for future cooperation to develop Small and Medium Enterprises in the Republic of Belarus. The agreement was signed by Hussain Jassem AlNuwais, Chairman of Khalifa Fund for Enterprise Development and Sergei Rumas, Chairman of the DBRB. The ceremony ...

Bloomberg The windfall from being the world’s largest exporter of liquefied natural gas has allowed Qatar to amass about $335 billion of investments around the world through its sovereign wealth fund. Now, a diplomatic spat with neighboring countries threatens to hamper the Qatar Investment Authority’s ability to continue making headline-grabbing global deals. Saudi Arabia and three other Arab countries cut ...

SINGAPORE / Reuters Oil price agency S&P Global Platts, a unit of S&P Global Inc, said on Tuesday it has initiated with immediate effect a review of the deliverability of crude oil loading from Qatari ports. The move follows major Arab nations cutting commercial and diplomatic ties with Qatar. During the review period, and until further notice, Al-Shaheen crude oil ...

Kurdistan / Reuters Genel Energy’s main Taq Taq oil field in Iraqi Kurdistan has seen falling output in 2017 but the rate of decline has slowed recently, the company said in a statement prepared for its annual general meeting on Tuesday. Shares in Genel, which have fallen more than 92 percent since its peak in 2014, were down 3.2 percent ...

Bloomberg Looking for a rare bright spot in US coal? Consider Nebraska, the only state producing more electricity from the fossil fuel than it did a decade ago, according to a Bloomberg analysis of US government data. While America’s slashed its coal-fired electricity generation by more than a third between 2006 and 2016 — creating havoc for the coal sector, ...

Bloomberg Oil dropped to the lowest level in more than three weeks as the market refocused on glut concerns after a diplomatic clash involving Saudi Arabia and Qatar was seen as having a limited impact on supply. Futures dropped 0.6 percent in New York, after rising as much as 1.6 percent earlier in the session. Saudi Arabia, Bahrain, the United ...

Bloomberg India’s Adani Group will proceed with its $16.5 billion Carmichael coal project in Australia’s Queensland state after its board approved a final investment decision on the development. Adani announced the move on Tuesday after last-minute delays due to uncertainty over a royalty deal with the state and amid resistance to the project because of concerns that it will damage ...

Bloomberg China wants to own the 21st Century economy. That’s why Beijing economic planners have mapped out a full-on strategy called Made in China 2025 to dominate in artificial intelligence, robotics, electric vehicles and other key sectors. The government is spending big on tax breaks and subsidies to get these industries off the ground quickly. Call it industrial policy on ...

Bloomberg The chief executive of Australia & New Zealand Banking Group Ltd. has joined the chorus of voices warning of risks in Australia’s surging housing market, though he said the probability of an outright crash is “really low.” Home prices are “very inflated,” ANZ’s Chief Executive Officer Shayne Elliott said in an interview on Tuesday with Bloomberg Television’s Stephen Engle ...