News

Bloomberg Oil held gains after surpassing $60 a barrel for the first time in a year as a cold snap and power crisis took out a third of US crude production. Some 3.5 million barrels a day of American output has been halted, according to traders and industry executives, as a cold blast freezes well operations and cuts power across ...

SHARJAH / WAM Air Arabia has announced the resumption of direct flights between Sharjah and Luxor, starting from February 23. Customers can now book their direct flights between Sharjah and Luxor by visiting Air Arabia’s website, by calling the call centre or through travel agencies. Ensuring the highest standards of safety at every step of the journey by following all ...

Abu Dhabi / WAM Major General Staff Pilot Ishaq Saleh Al Balushi, Head of the Executive Directorate of Industries and Development of Defence Capabilities at the Ministry of Defence and Vice Chairman of the Higher Organising Committee for Idex and Navdex, has said that the participation of 900 companies from 59 countries in the current edition of the joint event, ...

Dubai / WAM Dubai International Financial Centre (DIFC) welcomed global payment technology provider Adyen, a company that has a market capitalisation of €66.4 billion and processed over €303.6 billion worth of transactions in 2020. Dutch firm Adyen announced their expansion into the Middle East in November 2020. The company selected the DIFC as the location for its regional headquarters, due ...

Abu Dhabi / WAM Mubadala Petroleum on Wednesday announced the appointment of Mansoor Mohamed Al Hamed as Chief Executive Officer (CEO) of the international oil and gas exploration and production company, which is a wholly-owned subsidiary of Mubadala Investment Company (Mubadala). Al Hamed succeeds Dr Bakheet Al Katheeri, who was recently appointed to an executive leadership position in the newly ...

SHARJAH / WAM Sharjah developer Arada announced the award of a contract to build “Nest”, an integrated student housing complex based at its Sharjah megaproject Aljada. The AED367 million contract was won by Intermass Engineering and Contracting Company, a Sharjah-based contractor with more than 40 years’ experience in the regional construction industry, which has also worked on previous phases at ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 185,502 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Wednesday, 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 ...

DUBAI / WAM Digital connectivity and the changing nature of travel and tourism in the reality of the pandemic were just some of the key themes explored by travel experts, international participants and Official Partners, including Emirates and Etisalat, as Expo 2020 Dubai continued its pre-event programme. Covering key sectors such as mobility, transport and logistics, governance, education and travel, ...

ABU DHABI / WAM Economic and commercial activities in the UAE continued their positive run in the first half of February 2021, reflecting the growing confidence of local and foreign investors in the national economy. Recent statistics issued by the National Economic Register showed that over 4,300 new licences for economic and commercial activities around the country were issued in ...

DUBAI / WAM The Ministry of Energy and Infrastructure has revealed that it is implementing 129 development projects worth approximately AED11.8 billion, as part of the ministry’s five-year plan (2018-2023). Hassan Mohammed Juma Al Mansouri, Under-Secretary of the Ministry of Energy and Infrastructure, told the Emirates News Agency (WAM), that the nationwide developments include constructing 70 government buildings at a ...