News

DUBAI / WAM Virgin Hyperloop made history on Monday as the first passengers successfully traveled in a Hyperloop pod. The significant investment made by Dubai-based DP World, the leading global provider of smart logistics solutions, in the research and development of hyperloop technology, has played an instrumental role in today’s milestone. Sultan Ahmed bin Sulayem, Chairman of Virgin Hyperloop and ...

Bloomberg Oil advanced near $38 a barrel and gold climbed for a third day as President-elect Joe Biden prepared to transition into White House even as Donald Trump rejected the outcome of US election. Crude futures in New York rise 2.3% and spot gold added 0.2% amid a broader rally in global stocks. The dollar extended declines. While Biden declared ...

Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc), on Monday called on the oil and gas industry to unite in driving the post-Covid recovery. During his opening keynote address of the 36th edition of the Abu Dhabi International Petroleum Exhibition Conference ...

Dubai / WAM Commercial Bank of Dubai (CBD) announced the opening of a dedicated Business Service Centre in Gulf Vision Government Transactions Centre, located at Al Nahda Centre, Ghusais – Dubai. The prime location provides easy access to a wide range of services from trade license, immigration, health, emirates ID and banking services all under one roof for businesses. Omar ...

DUBAI / WAM Enoc Group launched containerised fuel storage tanks to meet the large-scale refuelling requirements for companies in the construction, mining and transportation sectors. With a capacity to carry up to 41,000 litres of all fuel types including Diesel 10ppm, Biodiesel5, Gasoline Special 95, and Gasoline Super 98, the tanks can be installed at customers premises, which reduces transportation ...

Sharjah / WAM Sharjah’s Al Zahia project has announced another step towards its scheduled 2023 completion with the launch of the final phase of the Al Yasmeen neighbourhood. “The release of the final phase of homes at Al Yasmeen in Al Zahia is a welcome sign of buyer confidence given the challenges faced by the market this year. With increasing ...

Abu Dhabi / WAM Abu Dhabi Public Health Centre launched the Abu Dhabi Public Health Virtual Forum. The forum will feature a series of public health awareness webinars aimed at all segments of the community and age groups; including Abu Dhabi government employees, as well as local, federal and private entities. The webinars will broadcast on the virtual platform Zoom, ...

Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – on Monday announced the official opening of a representative office in Shenzhen, China, that is expected to usher in a new wave of business opportunities to Dubai. The office setup is in partnership with Yingtian Global – an award-winning ...

Abu Dhabi / WAM The UAE’s overall crude oil reserves reached 97.8 billion barrels in 2019, according to figures released by the Federal Competitiveness and Statistics Authority (FCSA). The figures showed that the country’s production of crude oil stood at 3.058 million barrels per day (bpd) during the same period. FCSA also reported that natural gas production in the UAE ...

Abu Dhabi / WAM Under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Abu Dhabi on Monday hosted the 36th virtual edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). The gathering oil and gas industry leaders has seen almost 20,000 participants registering for the online event. Adipec 2020 offers an opportunity for global industry ...