News

Abu Dhabi / WAM As part of its road safety campaign, the Abu Dhabi Police (ADP) stressed that being preoccupied while driving on the road poses a danger to other road users and could lead to serious traffic accidents. The ADP urged drivers to focus on road and pay attention to pedestrians and road signs in order to avoid accidents, ...

Abu Dhabi / WAM Adnoc Distribution has trained 254 UAE national employees to take on leadership roles across its network of service stations. ‘Tomooh’ – meaning ambition in Arabic – is a customised frontline leadership programme developed in collaboration with the Higher Colleges of Technology (HCT). Led by the Centre of Excellence for Applied Research and Training (CERT) – the ...

Bloomberg Oil gained towards $43 a barrel as Laura was predicted to become a major hurricane, menacing crude production and refineries in the US Gulf. Futures in New York edged higher, though gains were outpaced by the global Brent benchmark. Tropical Storm Laura is expected to make landfall on Thursday as a Category 3 hurricane with winds as strong as ...

MADRID / WAM The UN Secretary-General Antonio Guterres released on Tuesday a thematic brief on the impact the pandemic has had on tourism. Drawing on the latest data from the World Tourism Organisation, the lead author of the publication, it warns that as many as 100 million direct tourism jobs are at risk, and massive drop in export revenues from ...

ABU DHABI / WAM PCI Pharma Services (PCI), a leading pharmaceutical and biopharmaceutical global supply chain solutions provider, and portfolio company of Partners Group, announced on Monday the signing of a definitive agreement for the acquisition of majority stake in the company by Kohlberg & Company, LLC (Kohlberg). Kohlberg is a leading private equity firm headquartered in Mount Kisco, New ...

Bloomberg Oil edged higher as production was disrupted by two storms approaching the US Gulf Coast. Futures rose 0.8% in New York. Almost 58% of crude output, or more than 1 million barrels a day, in the Gulf of Mexico was closed as of midday. The storms Marco and Laura — the latter of which is forecast to become a ...

Abu Dhabi / WAM Noor Takaful, an Islamic insurance entity, has entered a strategic partnership with Ajman Bank. The partnership will see the addition of an array of solutions to Ajman Bank’s portfolio, ensuring their customers’ genuine Takaful requirements are met. Customers that have financial commitments underway will now have access to a comprehensive range of Takaful savings solutions, such ...

Abu Dhabi / WAM Emirates Global Aluminium (EGA) announced that it has been named for a second time ‘Global Aluminium Supplier of the Year’ by Maxion Wheels, the world’s leading manufacturer of steel and aluminium wheels for passenger, commercial, and specialty vehicles. Maxion Wheels has used EGA’s metal since 1995 and produces more than 55 million wheels annually, supplying virtually ...

ABU DHABI / WAM The Khalifa Fund for Enterprise Development officially announced the completion of the 2019-2020 edition of the “Franchise Initiative”, which saw three UAE-owned and operated businesses become the latest organisations to benefit from the long-serving initiative, and become ready to expand. This year, the initiative supported Amaryliss Flowers, a one-stop-shop for flower arrangements which imports premium quality ...

Dubai / WAM The Commercial Compliance and Consumer Protection (CCCP) sector in Dubai Economy revealed that the number of active trademark files on its ‘IP Gateway’ reached 5,126 in the first six months of 2020, a 14 percent increase compared to H1 2019. Meanwhile, the number of complaints registered for infringement of intellectual property (IP) in the first half of ...