Dubai / WAM Abdullah bin Touq Al Marri, Minister of Economy, has held a virtual meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) with the aim of discussing an integrated partnership between the UAE and IMF to develop and analyse economic policies. Moreover, the partnership focuses on drawing comparisons between macroeconomic models; formulating scenarios and forecasting ...

Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc), on Wednesday shared insights on energy market dynamics, the energy transition, and Adnoc’s future strategy during a virtual session of the Energy Intelligence Forum. Speaking with Alex Schindelar, President of Energy Intelligence, during ...

Abu Dhabi / WAM payit digital wallet, powered by First Abu Dhabi Bank (FAB) launched “Digital Marketplace”, which allows small and medium businesses to list and sell their products and services on the platform conveniently and make them accessible to a growing base of payit customers. The new platform will include a range of products and services, such as groceries, ...

Dubai / WAM Countries in the GCC are witnessing accelerated cloud adoption, aided by ongoing investment by cloud providers and the continued need for remote working arrangements, the International Data Corporation (IDC) revealed during a Dubai Outsource City event. The GCC public cloud market is expected to more than double in value by 2024, growing from $956 million this year ...

Abu Dhabi / WAM The latest data issued by the Organisation of the Petroleum Exporting Countries (Opec), has shown that the UAE was one of the most committed producing countries to the deal to cut oil output, aimed at rebalancing the world oil market. According to reports issued by Opec, the UAE’s average production during the third quarter of 2020 ...

Bloomberg Oil rises amid a weaker dollar and signs of improving demand in China and India. Crude futures gained as much as 2.3% in New York as the Bloomberg Dollar Spot Index weakened as much as 0.3%, raising the appeal for commodities priced in the currency. Meanwhile, refinery activity in Asia is signaling a bright spot for demand recovery. One ...

Abu Dhabi / WAM The UAE Space Agency (UAESA) was amongst the first signatories of Nasa’s Artemis Accords at the 71st International Astronautical Congress (IAC). In May 2020, Nasa, the American Space Agency, formally announced the Artemis Accords, based on a shared vision for principles, grounded in the United Nations’ Outer Space Treaty of 1967, to create a safe and ...

ABU DHABI / WAM The United Arab Emirates on Wednesday sent a second aid plane carrying 12 metric tonnes of medical supplies and testing kits to Costa Rica. This aid will assist approximately 12,000 medical professionals as they work to contain the Covid-19 virus. Commenting on the aid delivery, Juma Al Rumaithi, UAE Ambassador to Costa Rica, said, “The dispatch ...

Dubai / WAM Field inspectors from the Commercial Compliance and Consumer Protection (CCCP) sector in Dubai Economy continued their visits to open markets and shopping centres across the emirate on Tuesday to ensure that commercial establishments commit to the precautionary measures against Covid-19. During the tours, Dubai Economy imposed fines on two commercial establishments for employees’ lack of commitment to ...

SHARJAH / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier has announced the resumption of flights from Ras Al Khaimah International Airport to four destinations in Egypt and Pakistan in addition to new a new service between Rask Al Khaimah and the capital of Bangladesh, Dhaka. Air Arabia’s flights to Cairo and Lahore from ...