News

Arada awards AED423 million contract to build East Village

Sharjah / WAM Arada has awarded a major contract to build East Village, the second phase of Sharjah’s AED24 billion mixed-use district, Aljada. “Located in the heart of Aljada, the East Village community is targeted at the younger generation and comprises a series of apartment blocks that are characterised by fresh and bold designs. Featuring just under 2,000 units in ...

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UAE launches Adahi project in Yemen

HADRAMAUT / WAM The UAE has launched its 5th annual Adahi project (Eid sacrifices) in Yemen, which saw meat being distributed to thousands of underprivileged families around the country. Sheep from local markets were arranged for slaughter and distribution by the Emirates Red Crescent in the governorates of Hadramaut, Shabwa, Hodeidah and Taiz. Beneficiaries — which included widows and orphans ...

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DIFC Academy, LexisNexis MENA boost partnership

Dubai / Emirates Business The DIFC Academy and LexisNexis MENA are strengthening their strategic partnership with two new initiatives: “The Annual Technology Adoption Index” and “The Legal Tech Glossary.” These projects follow five years of fruitful collaboration, including the publication of the official DIFC Law Commentaries and Law Reports book collections. Through a joint training programme, the DIFC Academy and ...

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Trump to act against Chinese software firms, says Pompeo

Bloomberg The Trump administration will announce measures shortly against “a broad array” of Chinese-owned software deemed to pose national-security risks, US Secretary of State Michael Pompeo said. The comments suggest a possible widening of US measures beyond TikTok, the popular music-video app owned by ByteDance Ltd., one of China’s biggest tech companies. President Donald Trump told reporters that he plans ...

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UAE, Iran discuss efforts to contain Covid-19

Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Mohammad Javad Zarif, Iranian Foreign Minister, exchanged Eid Al Adha greetings. This came during a video call, wherein the ministers reviewed efforts of the countries to contain repercussions of Covid-19 pandemic. In this regard, HH Sheikh Abdullah and Zarif noted the importance of ...

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UAE secures 35% of Japan’s crude oil needs in June

TOKYO / WAM Japan’s imports of crude oil from the UAE reached to 20.13 million barrels in June, according to data from Agency for Natural Resources and Energy in Tokyo. The agency, part of the Japanese Ministry of Economy, Trade and Industry, reported that the percentage of oil imports from the UAE amounted to 35.1 percent of the total Japanese ...

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UAE, Pakistan to enhance cooperation in labour field

Dubai / WAM Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, and Sayed Zulfikar Bukhari, Special Assistant to the Prime Minister on Overseas Pakistanis and Human Resource Development, have discussed ways to boost cooperation and bilateral ties between the UAE and Pakistan in labour issues. During the meeting, which was held at the headquarters of the Ministry ...

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Russia slightly increased July oil output ahead of Opec+ tapering

Bloomberg Russia slightly increased its oil production in July, ahead of the Opec+ plans to start easing their record supply cuts starting this month. The nation’s producers pumped 39.63 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That’s an average daily of 9.371 million barrels, applying a 7.33 barrel-per-ton conversion ...

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Kuwait bans flights from 31 countries

Bloomberg Kuwait has suspended commercial flights from 31 countries on the advice of health authorities, just as the Gulf state re-opened its airport to such operations. While other flights will resume, countries on the barred list include India, Iran, China, Brazil, Lebanon, Spain, Singapore, Egypt and Sri Lanka, the Directorate General of Civil Aviation said in a statement. The airport ...

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UAE starts operation of Arab world’s first nuclear plant

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), announced that its operating and maintenance subsidiary, Nawah Energy Company (Nawah) has successfully started up Unit 1 of the Barakah Nuclear Energy Plant, located in the Al Dhafrah Region of Abu Dhabi, United Arab Emirates (UAE). This step is the most historic milestone to date in the delivery of the ...

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