Local News

Fujairah / WAM Oil product stockpiles at the UAE’s Fujairah port rebounded from a 13-month low, with middle distillates expanding to near the record high set in June. Inventories as of November 2 were at 20.243 million barrels, up 9.6% from a week earlier, according to data released on Wednesday from the Fujairah Oil Industry Zone. Stocks of jet fuel, ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday met with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. During the meeting, both sides discussed several national issues related to ...

Dubai / WAM Dr Bernd van Linder, Chief Executive of Commercial Bank of Dubai (CBD) rang the market-opening bell at Nasdaq Dubai on Wednesday to celebrate the listing of a $600 million AT1 conventional bond. The six-year bond with a 6 percent interest rate was 2.1 times subscribed, and allocated to investors in the Middle East (61%), Europe (24%) and ...

Abu Dhabi / WAM Dr Omar Abdulrahman Al Hammadi, Official Spokesman of the UAE Government said that this week, 803,579 tests were conducted around the country, a three percent increase compared to the previous week, adding that the data showed a 15 percent decrease in confirmed cases, amounting to 8,525. Dr Al Hammadi explained the data and statistics collected by ...

Dubai / WAM DP World, UAE Region has announced that its Mina Rashid has won the award for the Middle East’s Leading Cruise Port for the 13th consecutive year at the World Travel Awards (WTA), 2020. Considered as a noteworthy accolade in the travel industry, the award included nominations of cruise ports from around the world. Commenting on the announcement, ...

Abu Dhabi / WAM In an effort to ensure that stored value products and services are operated in a secure, sound and efficient manner in the UAE, the central bank of the UAE (CBUAE) issued a new regulation on Stored Value Facilities (SVF). By introducing this new regulation for the providers of SVFs, the CBUAE aims to facilitate fintech firms ...

Abu Dhabi / WAM The Ministry of Finance (MoF) organised two virtual workshops titled The Frameworks of implementing legislation governing Multinational Groups of Entities (MNEs) reports. The workshops sought to identify the main points around implementing the UAE’s cabinet resolution no. 44 of 2020, which covers legislation governing MNEs reports, and clarifies the private sector’s responsibilities in this area. That, ...

DUBAi / WAM The Sharjah Book Authority (SBA) is opening both physical and virtual doors of the 39th Sharjah International Book Fair (SIBF 2020) on Wednesday to its global audiences, as the fair assumes a unique hybrid online-offline format this year in line with the UAE government’s efforts to contain the spread of the novel coronavirus (Covid-19). Organised by the ...

Abu Dhabi / WAM Upon the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the monitoring of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC) the UAE allocated AED35 ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has dedicated the celebrations of the Flag Day to the heroes at the forefront of the nation’s fight against Covid-19. His Highness hoisted the UAE flag at the Mohammed bin Rashid University of Medicine and Health Sciences. The ...