News

RAS AL KHAIMAH / WAM RAK Ports has signed a strategic partnership with Danish established Monjasa, a global top ten bunker fuel provider supplying around five million tonnes of oil products every year. Firmly rooted in the Middle East since 2006, Monjasa’s office in Dubai employs 75 specialists covering regional supply operations across the Arabian Gulf and West Africa. With ...

Bloomberg Boeing Co is finalising a set of three safety enhancements to the engines on its popular 737 Next Generation models to prevent debris from escaping during a failure, according to US regulators. The Federal Aviation Administration (FAA) outlined the fixes in a letter to the National Transportation Safety Board (NTSB). The NTSB had recommended improvements in the engine designs ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has won the Best International Innovation Award in the field of Rails Infrastructure Maintenance Management System (RIMMS). The award is part of the Global Business Awards presented by the UK-based Awards Intelligence Ltd, a specialist in evaluating innovative services in large and medium enterprises as well as start-ups. RTA’s winning of ...

Ras Al Khaimah / WAM RAK Ports signed a strategic partnership with Danish established Monjasa, a global top ten bunker fuel provider supplying around five million tonnes of oil products every year. Firmly rooted in the Middle East since 2006, Monjasa’s office in Dubai employs 75 specialists covering regional supply operations across the Arabian Gulf and West Africa. With recent ...

Dubai / WAM The global contactless economy is booming, and companies based in Dubai Internet City (DIC) are playing an integral role in positioning Dubai as an incubator and exporter of innovative contactless technologies that have gained new importance as consumers move away from cash. Contactless services are seeing a steep rise in demand due to better user experiences and ...

SHARJAH / WAM The American University of Sharjah (AUS) has signed a Memorandum of Understanding (MoU) with the Ajman Transport Authority to enhance and facilitate collaboration between the two entities. Held virtually, the signing ceremony was attended by senior officials from both organisations, including AUS Chancellor Prof. Kevin Mitchell and Omar Mohammed Rashid Lootah, Director-General of the Ajman Transport Authority. ...

Dubai / WAM Abdullah AlLanqawi, General Manager and Treasurer of Ahli United Bank (AUB) Kuwait, on Tuesday rang the Nasdaq Dubai market opening bell to celebrate the listing of a $600 million sukuk issued by the bank. The new listing has increased the total value of debt issuances listed on Nasdaq Dubai by Kuwaiti issuers to $1.51 billion. It has ...

Dubai / WAM Emirates SkyCargo flew 100 tonnes of relief materials free of charge from Dubai to India during a three week period in May 2021 to support the Indian community to battle the second wave of the Covid-19 pandemic. Under the Emirates India Humanitarian Airbridge, Emirates donated cargo capacity to transport essential supplies such as relief tents and thousands ...

Bloomberg Oil declined amid expectations of an upcoming supply increase from Opec+ producers at a time when the delta variant is spreading worldwide and threatening a demand rebound. Futures in New York fell as much as 1.5% on Monday. The Organization of Petroleum Exporting Countries (Opec) and its allies will meet on Thursday, when they may decide to boost output ...

ABU DHABI / WAM The UAE’s entrepot trade amounted to AED 467.5 billion in 2020 despite the ongoing economic slowdown in direct result of the Covid-19 pandemic, according to the Federal Competitiveness and Statistics Centre (FCSC). The re-export market accounts for 46.5 percent of the total re-exports and exports of commodities and services in 2020, which are valued at AED1.003 ...