Abu Dhabi / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, stated that changes to oil prices are caused by supply and demand, and it is too early to say whether the coronavirus pandemic will permanently affect demand, which is the main factor for determining oil prices. The trust in oil markets is gradually returning, due to ...
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Abu Dhabi / WAM Masdar, one of the world’s leading renewable energy companies, and First Abu Dhabi Bank (FAB) announced the completion of an energy and water-saving retrofit project for an Abu Dhabi-based school for People of Determination. The Future Rehabilitation Centre in Mohammed bin Zayed City is benefitting from energy reductions of over a third and water savings of ...
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Abu Dhabi / WAM Abu Dhabi’s non-oil foreign trade sector demonstrated agility and preparedness, reaching AED151.18 billion from January to September this year, despite the Covid-19 pandemic. The sector also distributed imports worth AED69.33 billion, exports worth AED55.37 billion, and re-exports worth AED26.48 billion. The General Administration of Abu Dhabi Customs continued its pioneering efforts to continue the uninterrupted flow ...
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Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc), on Monday called on the oil and gas industry to unite in driving the post-Covid recovery. During his opening keynote address of the 36th edition of the Abu Dhabi International Petroleum Exhibition Conference ...
Read More »Dubai / WAM Commercial Bank of Dubai (CBD) announced the opening of a dedicated Business Service Centre in Gulf Vision Government Transactions Centre, located at Al Nahda Centre, Ghusais – Dubai. The prime location provides easy access to a wide range of services from trade license, immigration, health, emirates ID and banking services all under one roof for businesses. Omar ...
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DUBAI / WAM Enoc Group launched containerised fuel storage tanks to meet the large-scale refuelling requirements for companies in the construction, mining and transportation sectors. With a capacity to carry up to 41,000 litres of all fuel types including Diesel 10ppm, Biodiesel5, Gasoline Special 95, and Gasoline Super 98, the tanks can be installed at customers premises, which reduces transportation ...
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Sharjah / WAM Sharjah’s Al Zahia project has announced another step towards its scheduled 2023 completion with the launch of the final phase of the Al Yasmeen neighbourhood. “The release of the final phase of homes at Al Yasmeen in Al Zahia is a welcome sign of buyer confidence given the challenges faced by the market this year. With increasing ...
Read More »Abu Dhabi / WAM Abu Dhabi Public Health Centre launched the Abu Dhabi Public Health Virtual Forum. The forum will feature a series of public health awareness webinars aimed at all segments of the community and age groups; including Abu Dhabi government employees, as well as local, federal and private entities. The webinars will broadcast on the virtual platform Zoom, ...
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Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – on Monday announced the official opening of a representative office in Shenzhen, China, that is expected to usher in a new wave of business opportunities to Dubai. The office setup is in partnership with Yingtian Global – an award-winning ...
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Abu Dhabi / WAM The UAE’s overall crude oil reserves reached 97.8 billion barrels in 2019, according to figures released by the Federal Competitiveness and Statistics Authority (FCSA). The figures showed that the country’s production of crude oil stood at 3.058 million barrels per day (bpd) during the same period. FCSA also reported that natural gas production in the UAE ...
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