News

Bloomberg Oil futures held steady, despite a stronger dollar and physical prices in Asia continuing to trade at weaker levels than a month ago. Premiums for Russia’s ESPO have fallen by more than $1 since last month, according to traders who asked not to be identified. It follows a flurry of new Covid cases in China, potentially menacing demand, and ...

ABU DHABI / WAM Masdar, host of the Abu Dhabi Sustainability Week (ADSW), on Monday announced that Taqa Group (Abu Dhabi National Energy Company) will support the global platform for accelerating sustainable development as ADSW’s Energy Sector Partner. The partnership will support the ADSW’s initiatives and events, which are bringing global leaders together virtually from January 18- 21 to engage ...

DUBAI / WAM Dubai Financial Market (DFM) on Monday hosted a bell ringing ceremony to celebrate the commencement of Real Estate Investment Trusts (REITs) trading with the listing of Al Mal Capital’s REIT. The introduction of REITs is a key milestone in DFM’s journey to diversify product offering and asset classes, broadening the scope of opportunities offered to its vast ...

ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, and Taaleri SolarWind II Fund, which invests in utility-scale wind and solar assets, have together acquired 50:50 stakes in two wind farms in Poland. The 37.4 megawatt (MW) Mlawa Wind Farm is located in Mazowieckie in northern Poland and the 14 MW Grajewo Wind Farm is located ...

Dubai / WAM Dubai Customs events in the 4th UAE Customs Week under the theme “Dubai Customs; Sustainable Operations” will be held from January 24-28, in conjunction with the International Customs Day, which is celebrated on January 26 every year. The events of the Customs Week will focus on raising public awareness around the role customs plays in sustaining economic ...

HARGEISA / WAM A delegation from the Khalifa bin Zayed Al Nahyan Foundation opened two hospitals in the Republic of Somaliland. The first, is the “Sheikh Khalifa bin Zayed Al Nahyan Hospital,” in the city of Berbera, northwestern Somalia, and the second, is a specialised hospital for women, childbirth and neonatal care, in the city of Burao, the second largest ...

Sharjah / WAM In a tumultuous year marked by economic and social upheavals worldwide as nations battled the unprecedented Covid-19 pandemic, and compounded by tragic disasters such as the Beirut port blasts and several natural calamities including devastating floods in Sudan, The Big Heart Foundation (TBHF), a Sharjah-based global humanitarian organisation, rose to the forefront of spearheading an international philanthropic ...

Abu Dhabi / WAM The National Health Insurance Company – Daman, announced the reopening of branches and service points nationwide in addition to extended operating timings and working on Saturdays across its Abu Dhabi branches. The plans are a part of Daman’s plan to gradually return and enhance its in-person operations in line with the pandemic recovery phase. This first ...

DUBAI / WAM Dubai Maritime City (DMC), DP World’s purpose-built maritime centre, has announced that infrastructure works in Phase 1 of its commercial district are nearing completion. Almost 80 percent of the construction of the AED140 million road and infrastructure works of the development’s first phase have been completed. The site is set to become a major hub for maritime ...

ABU DHABI / WAM The Ministry of Energy and Infrastructure is cooperating with federal and local authorities to achieves goals 6,7 and 11 of the Sustainable Development Goals (SDGs), through implementing projects and initiatives aimed at making cities and communities comprehensive, safe, flexible and sustainable by 2030, in line with the UAE Centennial 2071 and the ministry’s contributions to the ...