Bloomberg Oil falls sharply with broader markets as renewed restrictions on movement in Europe clouded the outlook for the consumption once again. Crude futures in New York fall 4.6%, while those in London retreated below $40 a barrel, the lowest since October 5. Germany is proposing widespread curbs for a month, while France is preparing tougher restrictions that may include ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) announced the implementation of the Foreign Direct Investment Law within the emirate of Abu Dhabi by issuing the “Foreign Direct Investment License” which will enable investors to hold 100 per cent ownership of their businesses in Abu Dhabi. The license covers 122 different economic activities related to the ...

Abu Dhabi / WAM Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs held a virtual meeting with Lawrence Wong, Singapore’s Minister for Education and Second Minister for Finance. The meeting, which is part of the Ministry of Finance’s endeavour to deepen constructive cooperation ties with various countries of the world, discussed ways to strengthen strategic relations and ...

Al Ain / WAM The United Arab Emirates University (UAEU) has been confirmed as the region’s 5th best university in Wednesday’s release of the QS Arab Region University Rankings. The prestigious ranking listed a record 160 institutions from 17 countries across the region. UAEU is the top ranked UAE institution and has now held regional 5th spot for four consecutive ...

Dubai / WAM Dar Al Ber Society provided financial support and food baskets to 644 Sudanese families, including 2,813 individuals, from the afflicted and those affected by the recent floods, in the city of Shendi and a number of villages in the southern countryside of the city, as part of the relief campaign that the Society launched last September. Dar ...

DUBAI / WAM Dubai Design District (d3) is extending support to Lebanese design businesses affected by the Beirut blast with a new initiative enabling startups, entrepreneurs, boutique studios and large-scale companies to restart operations and regain a local and regional footprint. As part of an ongoing commitment to create meaningful change and strengthen the regional design industry, d3, the region’s ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Wednesday a new satellite project called the MBZ-SAT, which will become the second Emirati satellite to be fully developed and built by a team of Emirati engineers after the KhalifaSat. To be developed at the ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has announced the decision to open a Consulate-General in the city of Laayoune, a Moroccan province in the Western Sahara. During a phone call with King Mohammed VI of Morocco, His Highness Sheikh Mohamed ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has announced the launch of “Super Surprises”, a new artificial intelligence (AI) tool that monetises payments data through effective campaigns resulting in increased sales and new customer footfall for merchants. “Super-Surprises” is the latest of the offerings under the bank’s “Payment as a Platform” and is built on analysing spending behaviour ...

Abu Dhabi / WAM The UAE has strongly condemned the terrorist attack that took place in a religious school in the city of Peshawar, northern Pakistan, which claimed the lives of a number of innocent civilians, including children, and wounded others. In a statement, the Ministry of Foreign Affairs and International Cooperation emphasised that the UAE expressed its strong condemnation ...