Dubai / WAM To commemorate UAE’s first manned mission to space, Montegrappa, an Italian company of luxury products, launched a unique fountain pen commissioned for the Mohammed Bin Rashid Space Centre (MBRSC), celebrating Hazza Al Mansoori, the first Emirati astronaut in space. MBRSC is also responsible for the development of various projects including the UAE Astronaut Programme and the development ...

Abu Dhabi / WAM Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD), met Sardor Umurzakov, Minister of Investments and Foreign Trade of Uzbekistan, to discuss the strengthening of relations between the UAE and Uzbekistan across various fields of mutual interest. The meeting also examined ways of bolstering investment and economic cooperation between the Fund and Government of ...

Abu Dhabi / WAM Tourists arrival in Abu Dhabi and Dubai grew 3.4 percent in H1 2019 on year according to officials figures released by the official tourist departments in both emirates. With tourists and hotel guests surging to 10.86 million by the end of June, according to the official figures, Abu Dhabi and Dubai continue to be the country’s ...

Abu Dhabi / WAM The UAE, represented by a team from the Khalifa bin Zayed Al Nahyan Foundation, continues to provide food and shelter to people in various Sudanese provinces affected by floods in the country, helping 50,000 people so far. This is following the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the support of His ...

Abu Dhabi / WAM Louvre Abu Dhabi will present ‘10,000 Years of Luxury’, an exhibition that explores the history of luxury for the first time in the Middle East. Organised by Louvre Abu Dhabi, Musée des Arts Décoratifs and Agence France-Muséums, the exhibition, which will open on October 30, features approximately 350 objects including fashion, jewelery, visual art, furniture and ...

Bloomberg For almost three years, the oil industry has been puzzling over how to supply merchant ships with fuel that will meet tough new environmental standards. Turns out part of the solution was sitting in the ground and under ocean floors all the while: crude oil. Oil from off the UK’s coast, which requires blending — but no refining — ...

Bloomberg Australia and Japan signed a cooperation agreement to explore ways to develop carbon recycling technologies, Australia’s Resources Minister Matt Canavan said Wednesday. The nations will facilitate cooperation on research into ways to use carbon dioxide as a key ingredient in manufacturing products such as carbon fiber or for use in construction and agriculture. “Successfully using carbon dioxide as a ...

Bloomberg Nigerian prosecutors are seeking information about funds sent to a government lawyer that were sent through Allied Irish Banks Plc, broadening an international legal dispute between the African country and a company claiming $9.6 billion for a failed contract. Nigeria is embroiled in a fight with Process & Industrial Developments over a failed 2010 deal to develop a gas ...

Bloomberg Oil’s dominance as a energy source may be on the wane, but one Indonesian producer is confident there’s still plenty of opportunities to be had as the age of the hydrocarbon enters its final act. PT Medco Energi Internasional is aiming to lift its oil and gas output from 120,000 barrels of oil equivalent a day to 300,000 in ...

Bloomberg Banco Santander SA will take a 1.5 billion-euro ($1.7 billion) charge over its UK business, which has struggled to boost profit amid stricter regulations and a competitive mortgage market. The impairment will be included in third-quarter results, the Spanish lender said. It won’t affect the bank’s cash flow or tier 1 capital ratio, a key measure of financial strength. ...