News

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) has officially launched its second trading arm, Adnoc Global Trading (AGT), a joint venture between Adnoc (65 percent), Eni (20 percent) and OMV (15 percent) which focuses on the trading of refined products globally. The AGT virtual launch event brought together leaders from Adnoc, Eni and OMV, as well ...

DUBAI / WAM Dubai Customs expects e-commerce sales to rise 23 percent to $27 billion (AED100 billion), in 2022. Dubai Customs plays a major role in supporting the strategy which sees Dubai as the world’s capital of the new economy. This is done through reinforcing the companies of the future economy such as the e-commerce companies by facilitating trade and ...

ABU DHABI / WAM The two-day World Space Forum, which will begin on Wednesday, is a key global forum that aims to achieve the United Nations (UN) Sustainable Development Goals and ensure the ideal global utilisation of space discoveries and science technologies. Theme “Space for Our Future”, the event brings together experts and policymakers from regional, national and local institutions ...

ABU DHABI / WAM Rafed, the recently established healthcare procurement company, and Abu Dhabi Ports, the region’s premier facilitator of logistics, transport, and trade, have signed a collaboration agreement to jointly launch the largest healthcare and medical supplies cold store distribution centre in the UAE. Both entities are part of ADQ, one of the region’s largest holding companies with a ...

ABU DHABI / WAM Etihad Airways, the national airline of the UAE, has committed to purchasing carbon offsets, to completely neutralise the CO2 emissions of its flagship “Greenliner” 787-10 aircraft for a full year of operations in 2021. The initiative is the start of the airline’s journey to reduce CO2 emissions to 50 percent of 2019 levels by 2035, and ...

NEW DELHI / WAM The UAE and India aim to treble the volume of their food trade in the next five years. Optimism in achieving this goal was expressed by a multitude of speakers from the government and private sectors in both countries at the “UAE-India Food Security Summit 2020,” a two-day hybrid event, which began on Tuesday. The summit ...

DUBAI / WAM Dubai Customs expects e-commerce sales to rise 23 percent to 27 billion (AED100 billion), in 2022. Dubai Customs plays a major role in supporting the strategy which sees Dubai as the world’s capital of the new economy. This is done through reinforcing the companies of the future economy such as the e-commerce companies by facilitating trade and ...

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Sharjah Crown Prince, Deputy Ruler, and Chairman of the Sharjah Executive Council (SEC) on Tuesday, chaired a meeting of the Council at the Sharjah Ruler’s office, in the presence of HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the ...

ABU DHABI / WAM The Abu Dhabi Department of Energy (DoE) has signed an agreement with American multinational computer technology company Dell to enhance cooperation on information technology and information security at the DoE, supporting the department’s efforts to drive development across the entire energy sector in the emirate. Signed during the Gitex Technology Week 2020, which concludes on December ...

DUBAI / WAM Dubal Holding (DH), a wholly owned subsidiary of Investment Corporation of Dubai (ICD), announced the acquisition of 60 percent stake in OSE Industries, a specialised aluminium extrusion company in the UAE. The acquisition was signed on November 30 between Ahmad Bin Fahad, Acting CEO of DH and Othman Sharif, the President and Chairman of OSE. Bin Fahad ...