News

Dubai / WAM Enoc group announced a partnership with Dynamic Fuels to become the official distributor of Enoc’s marine lubricants in Spain. The agreement comes as part of the group’s plans to bolster its international presence to cater to the needs of its international customers. Under the agreement, Dynamic Fuels will market and distribute Enoc group’s wide range of marine ...

ABU DHABI / WAM Etihad Airways has announced the expansion of its partnership with AccesRail, the world’s leading provider of air-rail intermodal solutions. The partnership allows Etihad to use AccesRail’s expertise to enable its customers to book train and coach tickets in Europe in conjunction with their air fare using airline’s online booking platform, or via their travel agency, the ...

HANNOVER / WAM Global foreign direct investment (FDI) in developing countries in Africa, Asia, and Latin America is projected to plunge by 25 percent to 50 percent in 2020 due to the coronavirus (Covid-19) pandemic, according to the experts. “This will threaten the world’s ability to achieve the 2030 Agenda for Sustainable Development,” leading experts from United Nations Industrial Development ...

ABu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced significant progress made on its “Crude Flexibility Project” (CFP) with 73% project delivery of Adnoc’s ongoing upgrade of refining capabilities in Ruwais and strengthening the role of Ruwais as a critical driver for industrial growth for Abu Dhabi and UAE. For more than 40 years, Adnoc has predominantly ...

Abu Dhabi / WAM The United Arab Emirates has condemned the Iranian-backed Houthi terrorist militia’s attempts to target civilian areas in the Kingdom of Saudi Arabia, the latest of which were the attacks which targeted the southern region in the Kingdom and which were all intercepted by the coalition forces. In a statement released on Monday by the Ministry of ...

Abu Dhabi / WAM Today, the Small and Medium Business (SMB) sector plays an important role in the UAE’s economy, accounting for 86% of the total private sector workforce and more than 60% of the country’s current GDP. Etisalat serves close to 300,000 SMB customers in the UAE, working closely with them in their digital transformation journey. The relevance of ...

Bloomberg Oil fell below $42 a barrel in New York at the start of a week that will see Opec+ gather to assess its supply deal as countries struggle to contain the virus that’s hurt economies and fuel demand globally. The Joint Ministerial Monitoring Committee — the panel which reviews the deal between the Organisation of Petroleum Exporting Countries (Opec) ...

SHARJAH / WAM The Sharjah Airport International Free Zone (Saif Zone) and the Hamriyah Free Zone Authority (HFZA) signed two Memoranda of Understanding (MoU) with the Sharjah Driving Institute (SDI) to develop two driver training units in each zone. This is being done to enhance cooperation between both parties to achieve their common objectives, including strengthening public-private partnerships and providing ...

Dubai / Emirates Business Dubai’s trade with Africa could see an annual increase of up to 10% over the next five years following the implementation of the African Continental Free Trade Agreement (AfCFTA), according to Dubai Chamber of Commerce and Industry’s latest forecast. The outlook for Dubai-Africa trade and new bilateral business opportunities created by AfCFTA were among the main ...

Dubai / Emirates Business Emirates will resume passenger flights to Warsaw from September 4 starting with twice-a-week services, and increasing to three-a-week from October 7. The resumption of flights to Warsaw will expand Emirates’ current network to 75 cities in September, offering travellers in Middle East, Africa and Asia Pacific convenient connections via Dubai to the Polish capital. The airline ...