News

ABU DHABI / WAM Mubadala Investment Company, the Abu Dhabi-based global investor, and Schneider Electric, the global leader in the digital transformation of energy management and automation, have agreed to collaborate in a number of sustainability-related areas, both in the United Arab Emirates and globally. The agreement provides for the exploration of a multi-faceted collaboration across a number of business ...

SHARJAH / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, has explored potential ways of strengthening cooperation between Sharjah and Brasilia in vital sectors including culture, sports and science, with Fernando Luis Lemos Igreja, Brazilian Ambassador to the UAE. Both parties discussed the possibility of establishing Brazilian cultural centre in the emirate to ...

Bloomberg Brent oil extended gains to above $56 a barrel, rising with other assets on hopes of more US economic stimulus. While crude prices have undulated with the dollar and broader risk assets in recent days, it’s also being supported by renewed strength in the market’s structure. US crude’s closest contract is near the most expensive versus those for six ...

ABU DHABI / WAM Suhail Al Mazrouei, Minister of Energy and Infrastructure, has said that the UAE seeks to reduce the carbon footprint through the implementation of the Energy Strategy 2050, which aims to reduce carbon dioxide in the country by 70 percent. “The world aspires to accelerate the energy transition towards a low-carbon future and seeks to reduce emissions,” ...

Sharjah / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, has explored potential ways of strengthening cooperation between Sharjah and Brasilia in vital sectors including culture, sports and science, with Fernando Luis Lemos Igreja, Brazilian Ambassador to the UAE. Both parties discussed the possibility of establishing Brazilian cultural centre in the emirate to ...

Dubai / WAM Dubai Economy shut down a money exchange and a document processing services outlet for violation of the precautionary measures in place against Covid-19. Field inspections conducted across open markets in Naif, Al Murar, and Al Sabkha as well as a number of shopping centres resulted in 32 fines and 4 warnings being issued for various violations, mostly ...

Sharjah / WAM Shams Media Services, a subsidiary of Sharjah Media City (Shams), and OMNES Media, an integrated media and communications solutions company, launched OMNES Influencers’ platform in its trial stages. The platform aims to help companies connect with influencers who can help promote their products and achieve their desired results, all within a specific budget and timeline. These companies ...

Abu Dhabi / WAM Etihad Cargo, the cargo and logistics arm of Abu Dhabi-based Etihad Aviation Group, reported a 50 percent year-on-year rise in pharma shipments under its specialised PharmaLife product. The double-digit annual growth comes as the carrier marks its second anniversary of achieving and operating IATA CEIV certification for pharmaceutical and life science logistics (IATA CEIV Pharma), in ...

ABU DHABI / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, said that the Arab world’s problems cannot be resolved without key players on the regional and global scene collaborating to strengthen “the spirit of solidarity and unity while addressing the menacing threats to peace and security.” This came as the UAE minister delivered the statement ...

Bloomberg The International Energy Agency (IEA) lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year. “The global vaccine roll-out is putting fundamentals on a stronger trajectory for the year, with both supply and demand shifting back into growth,” the agency said in a monthly report. “But it will take more ...