Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, participated, on behalf of the UAE, in the extraordinary virtual meeting of the Arab Ministerial Council for Tourism, to discuss ways of coordinating joint Arab efforts to counter the negative effects of the Covid-19 pandemic on the tourism sector in the Arab region. The 22nd edition of the ...

DUBAI / WAM Union Coop has revealed that the completion rate of its commercial centre project in the Al-Bada’a area, Dubai, which costs nearly 40 million, has reached about 20 percent. The project comes from Union Coop’s endeavour to achieve one of its most important strategic goals, which is the strategic expansion and increasing its outreach to serve members of ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) announced on Thursday that a selected number of museums and cultural sites in the emirate are ready to welcoming visitors starting June 24. Strict health and safety guidelines and precautionary measures were implemented in the selected sites to support community recovery after the long ...

DUBAI / WAM The General Authority for Regulating the Telecommunications Sector (TRA) has signed a sponsorship agreement with the International Telecommunication Union (ITU) for the Multilingual Interactive Remote Participation (MIRP) platform, which ensures that the ITU members can participate in remote meetings using any of its six official languages. This sponsorship is a contribution from UAE in maintaining continued ITU ...

DUBAI / WAM Mercuria Energy Group, the Swiss international commodity trading company, has renewed the lease on their Middle East headquarters at DMCC for another five years. DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has been home to Mercuria Energy Group for over 11 years, and acts as the ...

Bloomberg Chevron Corp will start a sales process for its interest in the North West Shelf project in Australia, one of the nation’s first liquefied natural gas export ventures, after receiving a number of approaches from potential buyers. The US energy major has been looking to make cutbacks as the industry grapples with a once-in-a-generation collapse in demand because of ...

Bloomberg Sasol Ltd is reining in oil expansion and considering job cuts as part of ongoing efforts to turn the business around and protect itself from market downturns. The overhaul at the South African company follows a 50% slump in its shares this year as oil’s crash strained finances already pummeled by cost overruns at a giant US chemicals project. ...

Bloomberg Ikea wants to assemble its own little power plant. The Swedish flat-pack furniture giant plans to cover every inch of rooftop space at one of its 10 Australian megastores, including purpose-built car parks, with solar panels. Together with big-battery storage and other technology, the operation will not only be energy self-sufficient, but will also be able to feed excess ...

Bloomberg India officially started opening its coal sector to non-state firms, seeking to end a government monopoly on mining and selling the fuel. The country launched its first auction process, which will cover 41 mines, the Ministry of Coal said. The ministry expects the mines to generate $4.3 billion of capital investment over the next 5-7 years, and boost the ...

Bloomberg China boosted its budget for renewable power subsidies to 92.36 billion yuan ($13 billion), 7.5% more than it spent last year. Solar power is the big winner, with incentives set to rise 14% compared to last year’s level, while wind payments will be 3.2% lower, the Ministry of Finance said on its website. The subsidy budget would cover existing ...