Abu Dhabi / WAM The Higher Organising Committee of the Sheikh Zayed Heritage Festival 2020 announced on Sunday that the festival’s activities will begin on Friday, November 20, in Al Wathbah, Abu Dhabi. Named in honour of the late Sheikh Zayed bin Sultan Al Nahyan, founding father of the United Arab Emirates, the Sheikh Zayed Heritage Festival celebrates the country’s ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) is set to seize opportunities to further unlock value from its assets and resources as it builds on the momentum of a successful virtual edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). Provisional figures show that over 80,000 viewers from around the world tuned into Adipec’s strategic ...

Bloomberg Oil markets may be cheering the prospects of a coronavirus vaccine, but Opec+ can’t celebrate. Crude prices have rallied to a 10-week high on hopes that Pfizer Inc. and BioNTech SE’s breakthrough could soon revive the flights, car journeys and other economic activity that underpin fuel consumption. Nonetheless, the alliance of producers led by Saudi Arabia and Russia is ...

DUBAI / WAM Dubai Airport Freezone Authority (Dafza) has won the Dubai Human Development Gold Award at the 26th Business Excellence Awards ceremony organised by the Dubai Economy. The award comes as recognition of Dafza’s efforts within human resources initiatives and applying the best practices in the development of talent. The winners were announced during a ceremony held remotely in ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) is set to seize opportunities to further unlock value from its assets and resources as it builds on the momentum of a successful virtual edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). Provisional figures show that over 80,000 viewers from around the world tuned into Adipec’s strategic ...

DUBAI / WAM Dubai Islamic Bank (DIB) has successfully priced a $1 billion Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a profit rate of 4.625 percent per annum. This transaction carries the lowest ever yield achieved by any bank globally on an AT1 Sukuk issue and is the only AT1 Sukuk from the GCC in 2020. Despite the turmoil ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has launched the new updated version of the smart patient portal dubbed “Chefaa” to serve the largest segment of patients of all age groups by showcasing treatment services provided by the ministry and other patient-centric services. The new platform will act as the digital communication between patients and service providers, ...

Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR) announced the establishment of its Youth Council to nurture and support its future Emirati nuclear experts in the field of nuclear regulation. The council aims to provide an environment to empower the youth and nurture their ambitions and ideas, paving the way for developing the future generation of Emirati ...

DUBAI / Emirates Business AMAN, the pioneer Takaful Insurance provider in the UAE since 2003, announces its financial results for the nine months period ended on September 30. AMAN recorded AED 9.9 million net profit attributed to Shareholders which is an increase of 14% compared to the same period of 2019 when it has achieved AED 8.7 million. The shareholders ...

DUBAI / WAM The Ministry of Climate Change and Environment(MoCCAE) on Sunday rolled out the Environmental Tolerance Initiative to mark Tolerance Week that runs from November 09-16 and to raise public awareness of eco-friendly behaviours and local environmental protection efforts. Dr Abdullah Belhaif Al Nuaimi, Minister of Climate Change and Environment, said, “Tolerance is a key trait of the UAE ...