News

Bloomberg Millions of Americans will see their unemployment benefits lapse, at least temporarily, after President Donald Trump let it the night pass without signing a bipartisan stimulus package containing various pandemic aid. While the president dug in over the size of direct checks to be sent to many Americans, the $900 billion stimulus accord contains numerous other measures, including extended ...

ABU DHABI / WAM The first shipment, carrying bauxite, destined for Emirates Global Aluminium (EGA)’s Al Taweelah alumina refinery, anchored at Khalifa Port’s South Quay, marking the beginning of operations at the newly launched facility. The bulk carrier, Alfred Oldendorff, the first in several shipments to the South Quay port for EGA, was swiftly followed by two large general cargo ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the award-winning international financial centre, marked a record year of growth in 2020, with significant achievements across core areas of fintech, regulation, sustainable finance and arbitration. Despite the impact of the Covid-19 pandemic, ADGM continued to post steady growth across its three authorities, the ADGM Financial Services Regulatory Authority (FSRA), the ...

DUBAI / WAM The 5th Hatta Honey Festival was opened at Hatta Hall on Sunday. The week-long festival will last until January 2, 2021. The various activities of the festival provide an opportunity for the public to learn about the types of honey and ways to distinguish between them, as the products on display include a variety of honey. Some ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 152,146 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 944 new coronavirus cases, bringing the total number of recorded cases in the UAE to 201,836. The ministry also noted that an ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) runs its projects according to the highest international standards as it works to become a globally leading sustainable innovative corporation. It also considers achieving the environmental, social and economic aspects of sustainability. “Dewa is committed to providing safe, sustainable, and reliable electricity and water supplies. This is being done by increasing ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) hosted its first ever virtual roadshow in China, connecting more than 100 Chinese tour operators and travel agencies with 37 of its partners and stakeholders, including Destination Management Companies (DMCs) from across the emirate, representatives from Etihad Airways, Yas island, and emirate’s hotels and ...

AL AIN / WAM A research team from the United Arab Emirates University (UAEU) was able to accomplish a qualitative research project to extract the largest possible quantity of date seeds’ oils for the biofuel industry. The project was completed within two years at a cost of one million dirhams, and it is published in top ranked journals. Commenting on ...

Bloomberg Russia plans to support a further gradual increase in Opec+ production at the next meeting in January, because crude prices are within an optimal range. “To restore our output, that we’ve reduced a lot, the price range of $45 to $55 a barrel is the most optimal,” Deputy Prime Minister Alexander Novak told reporters in Moscow. “Otherwise we’ll never ...

DUBAI / WAM Dubai’s Supreme Committee of Crisis and Disaster Management, in its meeting stressed the importance of following precautionary measures outlined by health authorities in the UAE and the World Health Organisation (WHO) to protect the community from Covid-19. The meeting was chaired by His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum. The committee’s statement came as ...