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Bloomberg Oil extended gains to trade near $39 a barrel in New York, buoyed by an industry report of a surprise drop in US crude stockpiles and advances in other financial markets. The American Petroleum Institute reported crude stockpiles declined by 9.52 million barrels last week, according to people familiar with the numbers. That contrasts with an increase forecast in ...

Dubai / WAM Emirates NBD, a leading banking group in the Middle East, North Africa (Mena) region and Bank Leumi Le-Israel, one of Israel’s leading banks, signed an MoU. One of Israel’s longest-standing banks, Bank Leumi previously served as the central bank of Israel until 1954. It currently holds an approximate 30% market share in the Israeli banking system. The ...

DUBAI / WAM The Dubai Airport Freezone Authority (Dafza), has announced that it hosted a webinar to highlight the growth opportunities in the Islamic economy. The webinar took place after the launch of the second edition of the Halal Guidebook entitled ‘Dubai – A Global Gateway for Halal Industry: A Step-by-Step Guide’. The guidebook unveils key trends that will have ...

Bloomberg The European Union’s (EU) executive proposed toughening the bloc’s targets for fighting climate change in a move to cut industrial pollution and spur a green economic recovery. The 27-nation EU should tighten its emissions-cutting goal to at least 55% by 2030, European Commission President Ursula von der Leyen said on Wednesday. The current objective, agreed just six years ago, ...

Sharjah / WAM In implementation of the directives of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, Sharjah Charity International (SCI) launched its Sudan Relief campaign which includes distributing packages of food, tents, and medical aid, to affected families through the Khartoum branch of SCI. The humanitarian campaign entitled “From Sharjah to Sudan” ...

Abu Dhabi / Emirates Business As part of its ongoing digital transformation drive, Abu Dhabi Ports has launched the Smart Container Initiative that will house its digital solutions in a resilient, safe and optimised eco-friendly mobile environment. Powered by clean energy, the solar-panelled steel and aluminium smart container uses environmentally friendly technologies such as in-row cooling, renewable energy and efficient ...

Abu Dhabi / WAM The Federal Electricity and Water Authority (Fewa) won three awards in the international business awards “The Stevies” in its 17th edition 2020, as it was announced on the award’s official website. High-achieving organisations and executives around the world have been recognised as Gold, Silver, and Bronze Stevie Award winners in the 17th Annual International Business Awards. ...

ABU DHABI / WAM A third Emirati aircraft carrying aid from the Emirates Red Crescent (ERC) arrived in Khartoum to rescue people affected by the floods that hit many Sudanese states, as part of the current Emirati humanitarian aid programme aimed at reducing the effects of the floods. The aircraft carried medicines, medical equipment, food and shelter materials, which will ...

DUBAI / WAM DP World, the leading global provider of smart end-to-end logistics solutions, and Dubai Customs will be exploring opportunities to develop trade links between Israel and the UAE, following the signing of a series of memorandums of understanding. Group Chairman and CEO of DP World Sultan Ahmed bin Sulayem signed MoUs with DoverTower, a company owned by Shlomi ...

Abu Dhabi / WAM Saqr Ghobash, Speaker of Federal National Council(FNC) has affirmed that the UAE- Israel Peace Accord is a historic step towards reviving the process of peace in the Middle East, and will guarantee the region’s security and stability. In a statement issued by the Council Ghobash said, “FNC stresses that the accord reflects the never-changing principles of ...