Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

UAE tops Bloomberg’s monthly Covid Resilience Ranking for Nov 2021

UAE is one of the most vaccinated places in the world.
  • A Bloomberg report said UAE one of the only seven countries that never fell into the bottom half of the Ranking.
  • Iraq jumps 21 spots after community mobility surged and domestic life normalized.

UAE has risen to the top spot on Bloomberg’s Covid Resilience Ranking, dethroning Europe that has been dominating the top rungs of the Ranking for months.

Bloomberg said the UAE has been one of the most consistent performers since the Ranking’s inception a year ago. Daily cases in the country have stayed below a hundred a day since mid-October, deaths are rare and it’s one of the most vaccinated places in the world with over 200 doses per 100 people.

The Covid Resilience Ranking is a monthly snapshot of where the virus is being handled the most effectively with the least social and economic upheaval, according to Bloomberg.

Compiled using 12 data indicators that span virus containment, quality of healthcare, vaccination coverage, overall mortality and progress toward restarting travel, the Ranking captures how the world’s biggest 53 economies are responding to the same once-in-a-generation threat.

Iraq jumps 21 spots after community mobility surged and domestic life normalized. Schools also resumed in-person classes.

Turkey rises 13 places into the top six after it relaxed some social distancing rules and more provinces were moved out of the high-risk category.

The Bloomberg report said that the “past performance in tackling the pandemic is no guarantee of future success—or failure”.

“Countries have been stymied again and again by the vagaries of the biggest health crisis in a generation, but some have also found ways to turn devastating situations around, whether through science, social cohesion or simply learning from the past,” the report said.

“Over the past year, only seven countries never fell into the bottom half of the Ranking even as the pandemic shape-shifted. Norway, Denmark, Finland, this month’s No. 1 the UAE, Canada, South Korea and Switzerland were the pandemic’s equivalent of season MVPs: whether in containing the virus’ spread, rolling out vaccination, fighting delta or reopening the economy, they consistently scored above average,” it added.

The arrival of vaccines, which have helped curb fatalities, has been a silver lining, and highlighted the importance of funding healthcare research and development.