News

ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi announced that surface public parking bays will be free of charge starting from Thursday, July 30 until 7:59 AM on Monday, August 3. ITC urges motorists not to park their vehicles in prohibited areas and not to block vehicles or traffic ...

Dubai / Emirates Business Since the Dubai Financial Services Authority (DFSA) launched the DFSA Cyber Threat Intelligence Platform (TIP) in January, over 130 DFSA authorised firms and DIFC registered companies have joined the platform. The platform has provided members with information and technical indicators on a multitude of cyber threats, with an average of 160 new threats per week. Since ...

Abu Dhabi / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Executive Council of Abu Dhabi has ordered the disbursement of housing loans worth AED2.78 billion to 1,976 ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Monday its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporation (CNPC) to China National Offshore Oil Corporation’s subsidiary (CNOOC) Limited. The transfer has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC) ...

Bloomberg Oil edged lower after a weekly gain as investors weighed worsening relations between Washington and Beijing and the prospect of more supply against a weakening dollar and signs the virus is easing in the US. Futures in New York fell toward $41 a barrel after rising 1.7% last week. Chinese authorities took over the US consulate in Chengdu on ...

DUBAI / WAM DP World, the Dubai- based provider of worldwide smart end-to-end supply chain logistics, has agreed to acquire a 60 percent shareholding in South Korea’s Unico Logistics Co. Ltd. The transaction, subject to regulatory clearances, is expected to close in Q4 2020, and represents another strategic step in DP World’s vision to build an integrated suite of service ...

New York / WAM The UAE has called on the UN Security Council (UNSC) to play its part in addressing climate change during an open meeting convened by Germany as this month’s president of the Security Council’s meeting on climate and security. In a written statement, the UAE emphasised that the Security Council must work hand-in-hand with development and humanitarian ...

ABU DHABI / WAM The UAE on Monday sent a third aid shipment carrying 6 metric tons of critical medical supplies to Colombia to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 6,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Salem Rashid Al Owais, UAE Ambassador ...

Dubai / WAM Emirates NBD has completed successful migration of its customer base to the Smart Pass service to support safer digital transactions. The roll out of Smart Pass is part of the bank’s long-term commitment to safe, secure banking and supports Emirates NBD’s ongoing initiatives to align with global best practices in banking security. Available on the bank’s Mobile ...

Dubai / Emirates Business The outlook for the UAE’s Courier, Express and Parcel (CEP) market is bright due to strong demand generated in the wake of the coronavirus outbreak across the globe, industry experts say. Referring to latest research data released by Mordor Intelligence, they said CEP market in the UAE is expected to post 7.5 percent compound annual growth ...