News

RAS AL KHAIMAH / WAM Gulf Pharmaceutical Industries, otherwise known as Julphar, has announced that the company’s exports to Bahrain and Kuwait will resume again. The announcement comes after the successful inspection of Julphar’s manufacturing facilities by the Gulf Health Council (GHC) and the Pharmaceutical and Herbal Medicine Registration & Quality Control Admin, Ministry of Health, State of Kuwait, Julphar ...

Bloomberg Oil traded near $38 a barrel in New York in choppy trading, as the market was caught between weaker equities and an ongoing market rebalancing. Futures whipsawed between gains and losses. While stock markets retreated and Saudi Arabia decided to end additional supply curbs this month, there are signs of a broader rebalancing. US crude inventories are forecast to ...

Bloomberg France unveiled an aerospace rescue plan to bolster European planemaker Airbus SE and its financially-strapped suppliers with measures aimed at preventing massive job losses and underpinning aircraft orders. The sweeping aid package laid out on Tuesday by Finance Minister Bruno Le Maire, worth about 15 billion euros ($17 billion), provides investment, payroll subsidies and credit guarantees to cushion the ...

Abu Dhabi / WAM As part of its leading humanitarian role in the fight against Covid-19, the UAE on Tuesday dispatched 72 tonnes of medical supplies to the Maldives to support efforts to curb the pandemic’s spread. The aid included critically-needed personal protective equipment and medical supplies expected to benefit more than 72,000 healthcare workers as they work to contain ...

Dubai / WAM Leading trade enabler, DP World, UAE region and the autonomous vehicle, robotics and AI specialist (DGWorld) has entered a contractual agreement to equip Jebel Ali Port with a fleet of Autonomous Internal Terminal Vehicles (AITVs) including all related integrations in the existing operation processes and infrastructures. The contract signed between the two sides states that DGWorld will ...

ABU DHABI / WAM Abu Dhabi Emergency, Crisis and Disaster Committee for the Covid-19 Pandemic, in collaboration with Abu Dhabi Police and DoH, have announced that the Abu Dhabi movement ban is to be extended by one week. The ban covers movements between Abu Dhabi’s regions (Abu Dhabi, Al Ain and Al Dhafra) as well as in and out of ...

DUBAI / WAM Enoc Group has announced that it opened two new service stations in Lehbab and Al Qudra in Dubai. The opening of the two new service stations, both in key locations, takes the total number of ENOC service stations now in the UAE to 147. The Lehbab service station is conveniently located along Lehbab Road and will provide ...

DUBAI / WAM Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Meraas will join forces with Dubai Holding in an effort to sustain and advance growth through a unified and integrated vision that builds on gains, spurs efforts and boosts Dubai’s global competitiveness. Meraas ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa), announced on Tuesday that it will no longer purchase paper supplies, adding that it would refrain from using some 8.5 million sheets of paper for 2020. The move comes as part of the Dubai Paperless Strategy, which aims to use advanced technology to build an integrated paperless government framework. Commenting ...

ABU DHABI / WAM Al Hilal Bank — a wholly-owned subsidiary of Abu Dhabi Commercial Bank (ADCB) — has completed the sale of Al Hilal Takaful, its Islamic insurance subsidiary, to Siraj Holding LLC. In a statement by the bank on Tuesday, the divestment was driven by Al Hilal Bank’s strategic decision to focus on delivering high-quality retail banking services, ...