Dubai / WAM Dubai-based flydubai has announced the start of flights to Kinshasa, the capital of Congo from April 15. The daily flights will operate with an en route stop in nearby Entebbe and will also be available for booking through the Emirates codeshare agreement. flydubai becomes the first UAE carrier to operate flights to N’djili Airport (also known as ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), announced on Wednesday, that it has launched the implementation phase of its new In-Country Value (ICV), strategy, aimed at increasing the company’s ICV contribution and strengthening its relationship with the UAE’s private sector. All business partnerships with ADNOC now include an ICV assessment as part of the tender evaluation ...

Dubai / WAM Dr Hanif Hassan Al Qassim, Chairman of the Geneva Centre for Human Rights Advancement and Global Dialogue, highlighted the key role of the World Government Summit (WGS 2018), which concluded on Tuesday in Dubai, in bringing together leading international politicians, government leaders, intellectuals, experts, economists and people in business. This type of gathering does not happen in ...

Dubai / WAM Dubai Exports, the export promotion agency of Dubai Economy, together with the International Trade Centre (ITC), has launched the first of its kind ‘SheTrades Middle East Hub’ to connect women entrepreneurs to markets and support greater economic empowerment of women. Sami Al Qamzi, Director-General of the Department of Economic Development (DED), and Ms. Arancha Gonzalez, Executive Director ...

RIYADH / Reuters Russia is seeking to finalise multi-million-dollar investment deals with Saudi Arabia in the next three months including partnerships with state oil giant Aramco, Russia’s top state investment officer said on Wednesday. Russian banks and a Russian-Chinese investment fund are also keen to take part in Aramco’s initial public offering (IPO), the head of the Russian Direct Investment ...

LONDON / Reuters As OPEC watches a near 15 percent drop in the oil price in three weeks, important indicators in the physical crude market are flashing signals that the decline might be far from over. The warnings come not from the heavily traded futures market, but from less transparent trading activity in crude oil and products markets, where key ...

ZURICH / Reuters Clariant Chief Executive Hariolf Kottmann told investors he would update them on the Swiss speciality chemicals maker’s tie-up with new shareholder Saudi Basic Industries Corp (SABIC) by July as he seeks a recovery from a turbulent 2017. Full-year net profit in 2017 rose 9.5 percent, short of analyst estimates, as the group was hit by one-time costs ...

RIYADH / Reuters Saudi Arabia will restrain its oil exports in March despite lower domestic need for crude as OPEC’s leader is pushing to eliminate fully the global oil glut and combat worries about a new cycle of oil price weakness. The kingdom will keep its crude exports below 7 million barrels per day (bpd) in March, despite a maintenance ...

Bloomberg The US is pushing to get Pakistan placed on an international terror-financing watchlist a month after President Donald Trump suspended about $2 billion in military aid to the nuclear-armed nation. The US, along with the UK, have reported to the Financial Action Task Force that Pakistan hasn’t complied with terrorism regulations, Rana Muhammad Afzal Khan, a junior Pakistani minister ...

Bloomberg Boris Johnson kicks off Prime Minister Theresa May’s “Road Map to Brexit” with an appeal to supporters of European Union membership to embrace the UK’s future outside the bloc—though extracts released late last night suggest his speech won’t be as conciliatory as billed. The foreign secretary, a divisive figure who toured the country in a red bus during the ...