News

Bloomberg Oil fell to the lowest in a week as output slowly resumed in Texas, while margins for processing gasoline surged as Gulf Coast refineries are seen taking weeks to restart operations after the deep freeze. Crude futures in New York plunged $1.28, its biggest decline in dollar terms since late December. Producers including Marathon Oil Corp are using restored ...

ABU DHABI / WAM Under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the International Defence Conference 2021 started on Saturday in Abu Dhabi. The conference was held for the first time in a hybrid format, with attendees being welcomed virtually and in-person. The conference, held at the Adnoc Business Center, brought together over 24 experts ...

ABU DHABI / WAM The United Arab Emirates has expressed its grave concern over the deteriorating situation in the Somali capital, Mogadishu, as a result of ongoing violence and the excessive use of force against civilians. In a statement, the Ministry of Foreign Affairs and International Cooperation called upon the interim government and all parties to demonstrate the highest levels ...

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry, in cooperation with the Embassy of Maldives in Abu Dhabi, organised a webinar on Maldives investment opportunities. The webinar was attended by Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber, along with a number Maldivian ministers and officials. The webinar held a detailed presentation on potential ...

SHARJAH / WAM The Sharjah Consultative Council (SCC) has called for encouraging investment in the Emirate of Sharjah. To increase investment, the SCC seeks to provide facilities and information, while directing investors and promoting these facilities through various media outlets with periodic economic reports in all sectors to enhance investor trends for investment and development, pointing out the importance of ...

DUBAI / WAM DP World, UAE Region and its flagship trade and logistics hub, Jafza, are set to participate in Gulfood 2021, scheduled to take place from February 21-25 at Dubai World Trade Centre. The entities will shed light on their wide range of incentives and the enhanced F&B trade enabling capabilities of their logistics hub, including Jebel Ali Port ...

Dubai / WAM DP World, UAE Region and its flagship trade and logistics hub, Jebel Ali Free Zone (Jafza) are set to participate in Gulfood 2021, scheduled to take place from February 21-25 at Dubai World Trade Centre. The entities will shed light on their wide range of incentives and the enhanced F&B trade enabling capabilities of their logistics hub, ...

Abu Dhabi / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, 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 HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of ...

SHARJAH / WAM The Sharjah Electricity, Water and Gas Authority (Sewa) signed an agreement with the Dutch Bundera Consult Company to establish an advanced weather station in the Central Region, to collect data and develop a climate information base to be used in preparing studies on renewable energy projects from wind and solar energy. The agreement was signed remotely by ...

Sharjah / WAM The Sharjah Entrepreneurship Centre (Sheraa) launched its latest programme, the Sharjah Startup Studio (S3), designed to build enduring businesses that will accelerate the region’s digital transformation and contribute to the growth of the non-oil economy in the UAE. This model provides founders with $30,000 in pre-seed funding and allows them to focus on building a high-quality product, ...