News

ABU DHABI / WAM The UAE has strongly condemned and denounced the Iranian-backed terrorist Houthi militia’s terrorist and cowardly attack on the Abha Airport in Saudi Arabia that caused a fire in a civilian aircraft. In a statement by the Ministry of Foreign Affairs and International Cooperation (MoFAIC) on Wednesday, the UAE considered the onslaught a grave escalation and cowardly ...

Bloomberg Oil rose again to extend the longest run of gains in two years with a industry report showing falling US crude stockpiles the latest sign of tightening global supplies. While prices continue to surge, some of the biggest moves in the past day have come at the front of the futures curve. Brent’s nearest timespread has surged — a ...

ABU DHABI/ WAM Etihad Airways, the UAE national airline, has become the first airline in the world with all its operating pilots and cabin crew vaccinated to help curb the spread of Covid-19. In January 2021, Etihad was awarded Diamond status for ensuring the highest standards of cleanliness and sanitisation in the inaugural ‘APEX Health Safety, powered by SimpliFlying’ audit. ...

ABU DHABI / WAM Tawazun has announced its participation at the International Defence Exhibition and Conference (Idex 2021) and the Naval Defence and Maritime Security Exhibition (Navdex 2021) held from February 21- 25 at the Abu Dhabi National Exhibition Centre (Adnec). Tawazun Economic Council had previously signed an agreement with Adnec to become the Principal Partner of this edition of ...

Abu Dhabi / WAM First Abu Dhabi Bank (FAB) announced it signed a five-year strategic partnership deal with Mastercard for the enablement of commercial cards and payments solutions. The move aims to simplify business-to-business (B2B) payments for companies in the UAE, making them more seamless, secure and convenient. Mastercard’s commercial cards and payment platforms will be made available to FAB ...

Abu Dhabi / WAM Tawazun announced its participation at the International Defence Exhibition and Conference (Idex 2021) and the Naval Defence and Maritime Security Exhibition (Navdex 2021) held from the February 21-25 at the Abu Dhabi National Exhibition Centre (Adnec). Tawazun Economic Council had previously signed an agreement with Adnec to become the Principal Partner of this edition of Idex ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has selected more than 100 tech startups to join its growing community, raising AED 185 million (USD 50.4m) in capital for the new businesses since its launch in March 2019, demonstrating the strong appeal of the UAE’s capital city among entrepreneurs worldwide. Under the patronage of HH Sheikh Khaled bin ...

ABU DHABI / WAM The central bank of the UAE (CBUAE) imposed a financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations. The exchange house has a weak anti-money laundering and combating ...

Abu Dhabi / WAM Etihad Airways, the UAE national airline, has become the first airline in the world with all its operating pilots and cabin crew vaccinated to help curb the spread of Covid-19. In January 2021, Etihad was awarded Diamond status for ensuring the highest standards of cleanliness and sanitisation in the inaugural ‘Apex Health Safety, powered by SimpliFlying’ ...

Bloomberg The crude market is now offering its biggest yield in about a year — at a time when other asset classes are offering meager returns — causing a surge in investor appetite for the commodity. As oil futures power to $60 a barrel, the market’s forward curve has moved sharply into a pricing pattern where nearer-dated contracts are more ...