Move aims to amplify Zambia’s renewable energy capacity
The emirate’s sole utility, rated BBB, is aiming to sell the dollar-denominated sukuk at a profit rate in the low three per cent area, arranging banks said.
Dewa chief executive Saeed Mohammed Al Tayer indicated last week the sukuk would be $1 billion and that proceeds would be used to repay debt.
The National Health Insurance Company – Daman, has won a bid to provide Arabtec Holding, with health insurance for its 20,000 employees.
Dr Michael Bitzer, Daman’s chief executive officer, said: “The partnership reaffirms Daman as a reliable and preferred partner in the UAE’s healthcare system. We are delighted to provide Arabtec’s employees with our healthcare insurance benefits and our signature services such as Health Support. Offering a secure health insurance scheme to a company’s workforce, demonstrates the employer’s care for their wellbeing.”
Etihad Airways’ ‘big switch’ to its new Sabre Airline Solutions ‘SabreSonic’ Customer Sales and Service (CSS) system has been successfully completed with minimal operational disruption across the airline’s global flight network during the cutover period.
The big switch started on February 22 and the main cutover was completed for start of business (UAE time) on February 24, with the SabreSonic CSS fully implemented and all sales channels, web and check-in systems back online by mid-afternoon.
Belhasa Projects has been awarded 10,000TR expansion project by Sorouh and Tabreed for the Shams Abu Dhabi district cooling project. The contract is part of the total 20,000TR development.
According to Aziz Ayoub, Business Unit Manager, Belhasa Projects: “The region’s district cooling industry is rapidly expanding and we have the technical expertise to deliver projects on schedule and up to standards. Apart from setting up of a district cooling plant, it is the maintenance that is a main challenge to utility companies. We are focused on minimising the operating cost for the plant in Shams Abu Dhabi and keeping the project on schedule by delivering as promised.”
Compiled from agencies and staff report
Move aims to amplify Zambia’s renewable energy capacity
More vertiports will be set up in strategic locations across Abu Dhabi, including major business hubs and tourism destinations
Kerala will decide the fate of 194 candidates as polling on all 20 parliamentary constituencies will be held in the second phase
Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
The oil and gas conglomerate and Fifa, the world governing body, sign major sponsorship agreement
Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games