News

Bloomberg Oil steadied as Saudi Arabia vowed that Opec and its partners will do what’s necessary to balance the market. The Organisation of Petroleum Exporting Countries (Opec) will “nip negative trends in the bud” as uncertainty in the energy market persists, Saudi Oil Minister Prince Abdulaziz Bin Salman said at group’s Joint Ministerial Monitoring Committee meeting. At the same time, ...

Abu Dhabi / WAM Hub71 and the Saudi Ministry of Communications and Information Technology’s (MCIT) Digital Innovation Centre struck a new strategic partnership to increase collaboration that drives digital innovation and tech entrepreneurship between the UAE and Saudi Arabia. The three-year agreement aims to foster international knowledge exchange and talent growth in the UAE and Saudi Arabia, in addition to ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 77,291 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 915 new coronavirus cases, bringing the total number of recorded cases in the UAE to 116,517. The ministry also noted an additional ...

ABU DHABI / WAM Qasr Al Watan ”Al Watan Palace” is set to re-open its doors to the public on October 20. The Palace offers access to the public wishing to embark on the journey of a nation, an experience unlike any other. The long-anticipated reopening will include the implementation of strict precautionary measures for the safety of guests during ...

DUBAI / WAM Sharjah Municipality (SM) announced that the contractual value of construction permits issued in the city of Sharjah since the beginning of this year until the end of September amounted to approximately AED6.9 billion, and the engineering and buildings sector outputs witnessed a remarkable increase of 26% during the third quarter compared to the second quarter of this ...

DUBAI / WAM Enoc group opened a new marine station in Umm Suqeim, and will open a second station at Dubai Harbour, an integrated lifestyle development set by the Arabian Gulf, in November, marking Enoc’s sixth marine station in the UAE. Speaking on the occasion, Saif Humaid Al Falasi, Group CEO of Enoc, said, “Dubai has a vibrant marine transportation ...

SHARJAH / WAM Sharjah Electricity, Water and Gas Authority (SEWGA) has prepared a plan to carry out the resolution of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to provide electricity, water and gas services in the Central Region’s cities and districts. Dr Engineer Rashid Al Leem, Chairman of SEWGA said that teams ...

DUBAI / WAM Abdulla Mohammed Al Basti, Secretary-General of the Executive Council of Dubai, and Vice Chairman of the Steering Committee of the C40 Cities Network for South and West Asia, confirmed that the Emirate of Dubai has made significant progress within the areas of sustainable development, clean energy, and green economy, in line with the vision of His Highness ...

Bloomberg Alibaba Group Holding Ltd will invest about $3.6 billion to double its stake in Sun Art Retail Group Ltd, taking control of China’s largest chain of hypermarts to try and fend off rivals like JD.com Inc in e-commerce’s hottest growth arena. Alibaba will raise its direct and indirect stake in the grocery chain to about 72% by acquiring equity ...

Bloomberg Jack Ma’s Ant Group Co won a key approval from the China Securities Regulatory Commission for its listing in Hong Kong, paving the way for what could be the world’s biggest initial public offering, according to people familiar with the matter. The Chinese regulator has given Ant a green light to seek a listing hearing with Hong Kong Exchanges ...