News

Bloomberg California narrowly averted another round of rotating blackouts after officials made desperate pleas to conserve power as reserves falls below critical levels during a record breaking heat wave. The state’s grid operator gave the all-clear signal shortly before 9 pm local time as temperatures fall after sundown. Earlier in the evening, officials declared a stage-two grid emergency — one ...

Abu Dhabi / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the restructuring of the Board of Directors of the Emirates Development Bank under the chairmanship of Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology. The ...

Bloomberg Oil in New York closed below $40 a barrel for the first time in a month as a selloff in broader markets exacerbated concerns over weakening demand following a sluggish summer driving season. US benchmark crude futures tumbled nearly 4%, leading oil to post its worst week since June. Stocks weakened and the S&P 500 Index dropped more than ...

HANNOVER / WAM Badr Al Olama, Head of the Organising Committee, Global Manufacturing and Industrialisation Summit (GMIS) has highlighted the urgent need for a global dialogue to shape the future of the industrial sector in light of the coronavirus (Covid-19) crisis. In a speech on the sidelines of the first day of the #GMIS2020 Virtual Summit, Al Olama said the ...

Bloomberg India’s shrinking economy is not stopping foreign investors from pouring money into the nation’s stocks betting on a recovery. International buyers plowed a net $6 billion into shares in Asia’s third-largest economy in August, the most since March last year. That’s as all other markets in the region excluding China suffered net withdrawals during the month. Part of it ...

Abu Dhabi / WAM The United Arab Emirates helped bring various Sudanese rebel groups to the negotiating table, which eventually led to the historic peace accord in Sudan, a top Sudanese diplomat told Emirates News Agency (WAM). “The UAE has played a significant role in achieving the peace accord. They closely followed the negotiations since the beginning and offered assistance ...

Abu Dhabi / WAM A delegation from the Emirates Red Crescent (ERC) currently visiting the Comoros Islands, has inspected the work progress on several development projects, which are being implemented to support the health and education sectors. The visit is part of ERC’s ongoing initiatives in the development and reconstruction of Comoros, and to foster the UAE’s efforts to rehabilitate ...

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has issued the Emiri Decree No. 11 for 2020, to adopt the fourth government’s package to support Ajman’s local transport sector. The decree aims to reduce the economic and financial burdens on the local community and business sector and mitigate the social ...

DAMASCUS / WAM Damascus received the second batch of medical aid sent by the UAE to help reduce the spread of the Covid-19 pandemic and support the Syrian medical sector in coordination with the Syrian Arab Red Crescent. A medical aid aircraft dispatched by the Emirates Red Crescent (ERC) arrived in Damascus, carrying 25 tonnes of medications and medical supplies ...

Dubai / WAM Emirates has announced it will resume passenger services to Amman, Jordan from September 8. The resumption of flights to the Jordanian capital takes the number of destinations Emirates serves in the Gulf and Middle East to eight cities, as the airline gradually resumes operations with the safety of its customers, crew and communities as its top priority. ...