Dubai / WAM The UAE ranked first among GCC countries in best medical tourism destination globally according to the US-based Medical Tourism Association. Oman ranked second and Bahrain came in at third, while Saudi Arabia and Kuwait were placed fourth and sixth respectively. The ranking in the index is based on a variety of factors, Association said and added that …
Read More »
Bloomberg It was meant to be the week when the Organisation of Petroleum Exporting Countries (Opec) nations gathered in Baghdad to celebrate the cartel’s six decades as a dominant force in global oil markets. Instead, the Opec and its allies will convene online, and reflect on whether the coranavirus has thwarted their best efforts to keep the market afloat. After …
Read More »
Bloomberg Some of the world’s biggest oil traders are gearing up for a possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for months-long charters so that they can be ready to store excess barrels if necessary. The chartering spree is likely to alarm producers and their allies as it indicates that the oil traders …
Read More »
ISLAMABAD / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and with the support 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 Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of …
Read More »
Bloomberg Oil in London moved back above $40 a barrel, as markets broadly rebounded from Tuesday’s sharp selloff. Futures rise 1.1% after a precipitous slump a day earlier that saw prices settle below $40 for the first time since June 15. While crude rallied along with other risky assets, it also found technical support on Wednesday. Brent dropped a few …
Read More »
MUKALLA / WAM The Emirates Red Crescent (ERC) delegation has inspected life conditions of several families of martyrs in the Governorate of Hadramaut, Yemen. The gesture reflects the brotherhood and solidarity feelings and supporting families of martyrs as well as alleviating their sufferings and burdens. During the visit, the ERC team presented humanitarian assistance including food baskets, school bags and …
Read More »
Dubai / WAM The Halal economy is estimated to be worth $3.2 trillion by 2024, according to the newly launched second edition of the Halal Guidebook titled ‘Dubai – A Global Gateway for Halal Industry: A Step-by-Step Guide.’ The Guidebook unveils key trends that will have a lasting impact on the regional economy and assists in providing a clear picture …
Read More »
Bloomberg The Mekong is one of Asia’s most important rivers, supporting 60 million people in Southeast Asia. But for the second consecutive year, the lower Mekong basin has hit a record low water flow, affecting irrigation, rice production and fisheries, all vital to the region’s food security. The drought has also damaged habitats for turtles, reptiles and other critically endangered …
Read More »CAIRO / WAM The UAE has reiterated that terrorism poses a significant threat to international peace and security, stressing that terrorist acts often begin with the use of extremism and violence as means to create change. This statement was made by Mariam Khalifa Al Kaabi, Acting UAE Ambassador in Cairo, during a seminar on efforts to combat terrorism and extremism …
Read More »
Bloomberg Oil extended its retreat below $40 a barrel after Saudi Arabia cut pricing for October crude sales as demand stuck below pre-Covid levels. Futures in New York dropped 1.7% after Saudi Aramco reduced its key Arab Light grade more than expected for shipments to Asia, a signal that fuel consumption in the largest oil-importing region is wavering. The company …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.