Bloomberg Oil traded near a six-month low as the prospects of a tight global market at the end of the year further receded after the US softened the restart of sanctions against Iran. Crude advanced 0.6 percent in New York. Sanctions against Iran were reimposed on Monday, though eight countries were allowed to continue temporarily buying some crude from the ...

Emirates Business Shuaa Capital reported its financial results for the quarter ended on September 30, with AED30.1 million in net profits, up 31% year on year, the group’s highest quarterly figure since 2008. Year to date, net profits stood at AED56.4 million (YTD 2017: net profit of AED 59.8 million). The group’s asset management business line saw a 35% increase ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) said it is launching a new FAB Islamic logo inspired by FAB brand identity, and that its wholly- owned subsidiary Abu Dhabi National Islamic Finance, changed its legal name to First Abu Dhabi Islamic Finance. Fahad Al Shaer, CEO of First Abu Dhabi Islamic Finance, said, “Since we laun-ched our company ...

ABU DHABI / WAM While digital transformation has been on oil and gas radar for some time, harnessing the power of new technologies is now the top priority for the industry’s most senior decision-makers as they plot a path forward for their business. The International Energy Agency (IEA) has estimated digital technologies could cut oil and gas production costs by ...

ABU DHABI / Emirates Business Etihad Aviation Group (EAG), a diversified global aviation and travel group headquartered in Abu Dhabi, debuts its engaging and multifunctional booth under the theme of “embracing China, expanding partnership” at the First China International Import Expo (CIIE) at the National Exhibition and Conventional Centre in Shanghai. The CIIE, the biggest import trade show in China, ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai said that coding is a key skill in the knowledge-based economy, and it is critical to foster the skills of the youth in this area to create new value in our economy and other spheres of life. ...

ADEN / WAM The Emirates Red Crescent (ERC), is launching a series of rebuilding projects in Yemen’s Red Sea Coast worth AED107.1 million, which will benefit 7,187,620 people in several governorates. These projects are being implemented upon the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE ...

Dubai / WAM Dubai World Central (DWC), passenger traffic surged 26.1% in the third quarter of 2018. DWC welcomed 119,000 customers during the period bringing the total number of customers welcomed this year to 637,176 (-1.9%). The top regions contributing to customer numbers at DWC include Western Europe (40,349 passengers) and Eastern Europe (38,740 passengers). Some of the top destination ...

Dubai / WAM On Wednesday, the fifth “Africa Investment Conference” will be held at the Four Seasons Resort in Dubai. The two-day conference, which will be hosted by the African Legal Network, aims to promote investments in Africa and encourage discussions on critical issues facing the continent, and is expected to attract more than 400 representatives and will include speakers ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, is introducing Economy Space, a new seating option across its wide-body fleet, to enhance its product offering and to provide more choice to its customers on longer flights. By December this year, Etihad Airways will have retrofitted its 10 Airbus A380s with Economy Space seats, which feature ...