Bloomberg Oil crashed more than 30% after the breakup of the Opec+ alliance triggered an all-out price war, with both Russia and Saudi Arabia poised to flood the market with cheap oil. The former allies pledged swift retribution for the collapse of the cartel’s meeting last week, with the Gulf kingdom slashing its official crude prices and threatening record production, ...

ABU DHABI / WAM Etihad Airways announced that it suspended temporarily all flights between Abu Dhabi and the Kingdom of Saudi Arabia, in response to a directive from the General Authority for Civil Aviation, Saudi Arabia, to help prevent the spread of the Covid-19 virus. The airline operates up to 12 flights per day between Abu Dhabi and Saudi Arabia, ...

Dubai / WAM Five Emirati women from the Enoc Group, completed a four-week multicultural leadership academic programme at the Scotland Summer School in Dundee, accredited by the Scottish Qualifications Authority. The employees, Fatima Saleh Alichla, Hind Al Shamsi, Marwa Abdulla, Amna Banihashem and Naaima Al Falasi, all attended the programme to learn about diverse subjects including civilisational dialogue, Scottish history ...

SHARJAH / WAM Dana Gas has announced that natural gas currently constitutes 75 percent of the company’s production, which is sold under long term gas sale contracts with host governments at prices which are unaffected by falling oil prices. In a press release issued by the company on Monday, it said that these gas sales account for approximately half of ...

Abu Dhabi / Emirates Business Etisalat on Monday announced that it will provide free access for three months to businesses for using its online collaboration platform — Etisalat CloudTalk Meeting — to help companies maintain business continuity by providing a secure platform to collaborate from any device, location, and network in the country. Business operations can remain uninterrupted with Cloudtalk’s ...

DUBAI / WAM Arabian Travel Market, which was due to be held this April, has been postponed to June, the event’s organiser, Reed Travel Exhibitions announced on Monday. In a statement on Monday, Reed said, “Due to the escalation of the Covid-19 epidemic around the world, the venue management, supporting associations, and in alignment with the advice from the UAE ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurated the Dubai Electricity and Water Authority’s (Dewa), Research and Development (R&D) Centre at the Mohammed bin Rashid Al Maktoum Solar Park, one of the key projects at the solar park. His Highness Sheikh Mohammed bin Rashid ...

ABU DHABI / WAM Edge, the advanced technology group for defence and beyond, on Monday announced that it has signed a Memorandum of Understanding (MoU) with Tawazun Economic Council, the defence and security industry enabler responsible for the creation and development of a sustainable industry in the UAE. The agreement will enable Edge to offer exceptional UAE nationals the prospect ...

Dubai / WAM In line with the Distance Learning initiative launched earlier by the UAE Ministry of Education, the Madrasa e-learning platform has boosted its free online content to facilitating the learning experience of millions of Arab students across the region. Under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) the e-learning platform offers more than ...

Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s leading fuel and convenience retailer announced on Monday that its popular rewards program, Adnoc Rewards, will soon introduce a new points-based system that will allow customers to earn points on their purchases. Collected points will then be redeemable against Adnoc Oasis products and services in Adnoc stations. In addition, the company ...