Bloomberg Oil retreated for a second week in the wake of plans for massive stockpile releases, a demand-sapping virus outbreak in China and a hawkish turn from the US Federal Reserve. West Texas Intermediate fell 1% this week, with the US benchmark giving back most of its gains since Russia invaded Ukraine in late February. Oil rallied to the highest ...

  ABU DHABI / WAM The ‘Library on Wheels’ initiative, operated by the Abu Dhabi Department of Education and Knowledge (Adek), will continue its tour of the emirate on a year-long basis. This comes after a series of successful pop-ups at schools and key locations in Abu Dhabi city during March, as part of the ‘Abu Dhabi Reads’ programme. Part ...

Abu Dhabi / WAM Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, has received its In-Principle Approval (IPA) for a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), to operate as a broker-dealer in virtual assets. ADGM, the international financial centre in the capital of the UAE, introduced the world’s ...

  Bloomberg Britain’s unemployed face a further blow when the value of their welfare benefits is set to fall the most in half a century, according to new research. Analysis by the Joseph Rowntree Foundation shows the decline comes with the real value of out-of-work benefits already at historically low levels because the Treasury froze payouts or increased them by ...

  Dubai / WAM The Department of Economy and Tourism (DET) in Dubai has issued its first-quarter 2022 report on the business environment. The report developed by the DET’s Business Registration and Licensing (BRL) sector shows that 24,662 new business licenses were issued in Q1 2022, a growth of 58% from Q1 2021, when 15,580 licences were issued. The exceptional ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) and the General HQ of Dubai Police have announced the start of the operation of electric scooters on permitted cycling tracks in 10 districts across Dubai starting Wednesday, April 13. The step is taken in line with Resolution Number 13 for 2022, endorsed by His Highness Sheikh Hamdan bin Mohammed ...

  Sharjah / WAM The Sharjah Award for Voluntary Work (SAVW) has announced the launch of an educational programme titled “Volunteer Imprints” on its YouTube channel, an initiative undertaken by the award to host prominent and distinguished community personalities who have a positive role and impact on voluntary work, and whose aspirations and efforts continue to contribute to enhancing the ...

  Dubai / WAM The Department of Economy and Tourism (DET) in Dubai has issued its first-quarter 2022 report on the business environment. The report developed by the DET’s Business Registration and Licensing (BRL) sector shows that 24,662 new business licenses were issued in Q1 2022, a growth of 58% from Q1 2021, when 15,580 licences were issued. The exceptional ...

  SHARJAH / WAM The Sharjah Institute for Heritage (SIH) has launched the activities of the Ramadan cultural programme which will run until April 21. Speaking on the occasion, Dr Abdul Aziz Al Musallam, Chairman of SIH, said, “The revival of the heritage area in the heart of Sharjah and the rest of the emirate’s regions came during the Holy ...

  ABU DHABI / WAM The ‘Library on Wheels’ initiative, operated by the Abu Dhabi Department of Education and Knowledge (Adek), will continue its tour of the emirate on a year-long basis. This comes after a series of successful pop-ups at schools and key locations in Abu Dhabi city during March, as part of the ‘Abu Dhabi Reads’ programme. Part ...