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Bloomberg Oil rose for a fourth straight week, buoyed by optimism over Covid-19 vaccine progress ahead of an Opec+ ministerial gathering next week. Futures in New York advanced 8% this week, despite edging lower. The shape of the oil futures curve firmed over recent sessions with some nearer-dated futures contracts rising above later-dated ones. It’s a sign of how the ...

Dubai/ WAM The Department of Tourism and Commerce Marketing (Dubai Tourism) hosted a forum for stakeholders and partners to share its industry outlook amid a resurgence in the sector since Dubai’s reopening to international tourists on July 7. The meeting provided insights into the current tourism situation both in the UAE and worldwide and steps taken to accelerate growth momentum ...

ABU DHABI / WAM Abu Dhabi Ports is playing a vital role in the global fight against Covid-19 with enhanced logistics capabilities for the storage and distribution of more than 70 million Covid-19 vaccines. Amid an anticipated surge in vaccine logistics demand, Abu Dhabi is cementing its position as the global logistics hub by spearheading the launch of the Hope ...

DUBAI / WAM On its completion, the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, that Dubai Electricity and Water Authority (Dewa) is building, will have the largest energy storage capacity in the world of 15 hours, allowing for energy availability around the clock. This phase will provide clean energy for 320,000 residences and will reduce 1.6 ...

ABU DHABI / WAM The UAE-Japan Friendship Committee for Women (FCW) recently held its 12th forum meeting, under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation. The forum, which supports the empowerment of women in the oil ...

Ras Al-Khaimah / Emirates Business The RAK Finance Department signed a partnership with the Emirates Auction, a company in the field of management and organisation of public and online auctions in the Middle East, to organise auctions for selling all RAK Government-owned assets. The agreement was signed at the Department’s headquarters by His Excellency Youssef Ali Mohamed, Director General of ...

ABU DHABI / WAM The Department of Tourism and Commerce Marketing (Dubai Tourism) hosted a forum for stakeholders and partners to share its industry outlook amid resurgence in the sector since Dubai’s reopening to international tourists on July 7. The meeting provided insights into the current tourism situation both in the UAE and worldwide and steps taken to accelerate growth ...

Abu Dhabi / WAM The UAE Public Prosecution has clarified the penalties for the use of the Internet Protocol (IP) address for committing a crime. In a post on its social media accounts on Saturday, the Public Prosecution defined the IP address as the numerical label assigned to any information technology media participating in computer network which is used for ...

Bloomberg Huawei Technologies Co founder Ren Zhengfei called the sale of its Honor budget smartphone division a “clean break” that should free it from US restrictions and create a new powerhouse in the world’s largest mobile arena. Ren, blasting Trump administration tactics to contain his company, assured employees in a memo Honor will rapidly resume production after regaining access to ...

Bloomberg The World Economic Forum (WEF) is looking at sites in countries less affected by Covid-19 than Switzerland to replace Lucerne for the meeting scheduled to take place next May, according to the Schweiz am Wochenende newspaper. The Swiss newspaper, which didn’t say the source of the information, also published an interview with WEF founder, Klaus Schwab, who said the ...