News

  DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit agency (ECA), and its Egyptian counterpart Export Credit Guarantee of Egypt (EGE) have signed a reciprocal reinsurance agreement to support Emirati and Egyptian projects in their respective countries as well as their collaborative initiatives around the world. The agreement between the two state-owned firms will bolster the ...

  Bloomberg Saudi Arabia’s state oil company discovered five new natural gas fields across the kingdom that can produce over 100 million cubic feet per day in total, as the oil-rich kingdom looks to boost production of the fuel. The fields, discovered by Saudi Aramco, are located in the country’s central region, the empty quarter desert, the northern border region ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) strongly participated in UAE Innovates 2022. It organised the Innovation Week 2022, until February 28, and held the series ‘Future Next’ virtually along with a group of workshops and panel discussions. The Innovation Tent at Dewa’s headquarters and the Festival Garden at Expo 2020 Dubai hosted key Dewa innovative projects and ...

  DUBAI / WAM The Ministry of Energy and Infrastructure (MoEI) organised a virtual forum titled ‘The Future of Autonomous Vessels in Maritime Shipping’ as part of its activities during the Innovation Month, held under the theme ‘UAE Innovates 2022’ Representatives from various sectors of the regional and global maritime industry such as A-Navigation, have tackled developing autonomous vessel technologies ...

  DUBAI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, visited the pavilion of Greece at Expo 2020 Dubai, the first World Expo to be held in the Middle East, Africa and South Asia. He explored the innovative experiences and tools on display, and the country’s approach to sustainable development. Dr Sultan Al Jaber ...

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) strongly participated in UAE Innovates 2022. It organised the Innovation Week 2022 until February 28, and held the series ‘Future Next’ virtually along with a group of workshops and panel discussions. The Innovation Tent at Dewa’s headquarters and the Festival Garden at Expo 2020 Dubai hosted key Dewa innovative projects ...

  DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit agency (ECA), and its Egyptian counterpart Export Credit Guarantee of Egypt (EGE) have signed a reciprocal reinsurance agreement to support Emirati and Egyptian projects in their respective countries and their initiatives around the world. The agreement between the two state-owned firms will bolster the strong trade and ...

  ABU DHABI / WAM Meta, in partnership with The Entrepreneurial Nation, announced the launch of ‘Boost with Facebook’ programme for the first time in the UAE, to support the achievement of the initiative’s goal to attract and support startups and small and medium-sized businesses (SMBs) across the country. The Entrepreneurial Nation, a project by the Ministry of Economy, aims ...

  ABU DHABI / WAM The Executive Office of the Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) has been commended as part of the International Monetary Fund’s most recent Article IV report, which highlighted the UAE’s “major efforts” to improve its AML/CTF response in line with “deficiencies identified by the Financial Action Task Force.” Additional entities commended included the AML/CTF ...

  Bloomberg Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment. Brent futures rallied above $105 a barrel as Russia launched an attack on its neighbour, though prices subsequently retreated as it emerged that Western governments wouldn’t impose sanctions ...