Bloomberg Russia’s oil producers cut their output deeper in February as the nation strives to implement an agreement with Opec following criticism that it was moving too slowly. The country produced 43.3 million tons of oil last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That’s equivalent to 11.336 million barrels a day, down 82,000 barrels per ...

Ajman / Emirates Business Ajman Free Zone launched a new and innovative mobile app to make business management easier and faster, at an event attended by Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Free Zone. The newly-launched app will reduce the time and effort it takes for business owners to obtain a new licence or to renew a ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA), announced ridership of public transit means in Dubai, comprising Metro, Tram, Buses and marine transit modes as well as e-hail vehicles, smart rental cars and taxis (Dubai Taxi and franchise companies), have combined lifted about 589 million riders in 2018. The figure reflects a notable increase from 2017, which amounted to ...

Dubai / WAM The Environmental Compliance Department at the Ministry of Climate Change and Environment (MOCCAE), carried out a surprise inspection at the Waterfront Market in Dubai. Inspectors seized 1,730 kilograms of fish, issued violation tickets to shop owners, fishermen and fish transporters who contravened the nation’s fisheries regulations, and donated the haul to charities to benefit families in need. ...

ABU DHABI / WAM Abu Dhabi Airports welcomed GoAir’s launch of four new flights between Kannur International Airport, and Abu Dhabi International Airport, connecting the two cities with flights operating every Monday, Tuesday, Thursday and Saturday. GoAir’s inaugural flight from Kannur to Abu Dhabi was received on Saturday, as the Indian subcontinent remains one of the most popular destinations for ...

DUBAI / WAM The number of operating businesses in Hatta reached 791, a 22% growth from 2009 to 2018, according to a report from the Business Registration & Licensing (BRL) sector at the Department of Economic Development (DED), Dubai. The licenses issued according to the activities were: commercial (533), professional (244), industry (11) and tourism (3). The report covers the ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan received two letters from President Mohamed Ould Abdel Aziz of Mauritania and President Patrice Talon of Benin regarding the UAE’s bilateral relations with their respective countries, and ways to enhance them. The letters were received on Saturday by HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of ...

MANAMA / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met His Majesty King Hamad bin Isa Al Khalifa of Bahrain at Al Sakhir Palace in Manama. The meeting discussed boosting the historic fraternal ties between the UAE and the Kingdom of Bahrain in various aspects for the ...

DUBAI / WAM The Dubai Gold & Commodities Exchange (DGCX) and Dubai Commodities Clearing Corporation (DCCC) on Saturday announced an expansion to their existing portfolio of metals products with the launch of new base metal products. The two new products, Aluminium Futures and Zinc Futures, will go live March 22. The new products will provide investors with an opportunity to ...

Dubai / Emirates Business Food and Beverage (F&B) operators in the UAE have responded to headwinds facing the industry by enhancing operations and rationalising costs to maintain margins, closely reviewing and adjusting portfolios, and opting to exit loss-making outlets and struggling brands, KPMG’s 2018 F&B Report has found. The UAE continues to lead the Food & Beverage market in the Middle ...