Bloomberg Opec+ stuck to its plan to hike oil output in July, but Saudi Arabia’s energy minister kept the market guessing as to whether the group will add more supply later this year to keep pace with the accelerating global recovery. “The demand picture has shown clear signs of improvement,†Saudi Energy Minister Prince Abdulaziz bin Salman said, in some ...
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ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has announced that the Money Supply aggregate M1 increased 0.3 percent, from AED642.3 billion at the end of March 2021 to AED644.4 billion at the end of April 2021. The Money Supply aggregate M2 decreased to AED1462.5 billion at the end of April 2021, meanwhile, the Money Supply aggregate ...
Read More »SHARJAH / WAM The Sharjah Exports Development Centre (SEDC), an initiative of the Sharjah Chamber of commerce and Industry (SCCI), has announced plans to send a trade mission to Russia next September. A delegation of businessmen and investors from the chamber will be visiting the transcontinental country to strengthen economic ties, develop industries, improve trade exchanges, and forge new and ...
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Abu Dhabi / WAM The UAE was ranked among the top 20 countries in the world during the year 2020 in five indices related to the competitiveness of the tourism sector in the country according to the Federal Competitiveness and Statistics Centre (FCSC). The country’s achievements in the tourism sector included the indexes in the Travel & Tourism Competitiveness Report ...
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Abu Dhabi / WAM Abu Dhabi Airports and Masdar announced the completion of Abu Dhabi’s largest solar-powered car park, which will save 5,300 tonnes of carbon dioxide per year. The three-megawatt (MW) solar photovoltaic (PV) project is installed on the car shading at the short-term car park of the Midfield Terminal at Abu Dhabi International Airport, with 7,542 solar panels ...
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Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 215,689 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...
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Abu Dhabi / WAM On behalf of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, Dr Abdulla Al Mandous, Director of the National Centre of Meteorology (NCM) and President of the Regional Association II (Asia), on Tuesday launched NCM’s new electronic services. Dr Abdulla Al Mandous said, “Owing to the unwavering support of ...
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Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) issued a charter to introduce relevant stakeholders within its business to artificial intelligence (AI) principles and ethics. The charter is made up of four guiding principles to enable the ethical use of AI in Adafsa responsibly and without discrimination. Adafsa is one of the Abu Dhabi’s first ...
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Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced that the work progress at Hatta hydroelectric power plant has reached 23 percent. The plant production capacity is set to reach 250 megawatts (MW) with a storage capacity of 1,500 megawatt hours and a lifespan of 80 years. The plant, which is the first of its kind in the Gulf ...
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Bloomberg Thailand’s government approved a set of economic stimulus measures worth 140 billion baht ($4.5 billion) to counter the impact from the nation’s biggest coronavirus outbreak yet. The measures — which include cash handouts to welfare-card holders and special groups, co-payments and cash rebates — are expected to be implemented from July, Anucha Burapachaisri, a government spokesman, said on Tuesday. ...
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