News

Bloomberg Tesla Inc. chosen to locate its second US auto factory in Texas, the blog Electrek reported, citing an unnamed source. The electric-car maker will construct the plant in or near Austin, Electrek said. The Associated Press later reported that Austin and Tulsa, Oklahoma, are finalists for the facility but that no final decision has been made. Elon Musk said ...

Bloomberg On the Greek island of Mykonos, Mayor Kostas Koukas is desperately trying to revive the tourism that is the life blood of the local economy. Koukas, and his counterparts in towns and cities across Europe, are looking to salvage something from the summer season after the coronavirus pandemic brought travel to a standstill. With the disease largely under control ...

Abu Dhabi / WAM Abu Dhabi external foodstuff trade amounted to over AED 4.663 billion during the first quarter of the current year 2020, while the overall weight of the Emirate’s foodstuff trade in the same period reached more than 1.18 million tonnes through 41,430 transactions. Abu Dhabi’s foreign trade distributed from foodstuff to imports at a value of over ...

Bloomberg The outlook for global oil markets has “improved somewhat,” with demand a little stronger than expected and supply reined in by a brutal price crash, the International Energy Agency (IEA) said. World oil production is on track for a “historic decline” this month to the lowest level in nine years, the IEA said in a monthly report. Opec and ...

ABU DHABI / WAM Commercial and Islamic banks operating in Abu Dhabi recorded a total net income of around AED9.6 billion in the first quarter of 2020, according to data issued on Thursday by the Statistics Centre-Abu Dhabi. The net income of traditional banks in Abu Dhabi from interests and investments totalled AED8.5 billion, accounting for 88.5 percent of the ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) distributed 10,000 “Weqaya kits” containing personal protective equipment (PPE) to local communities as part of its support for the UAE Volunteers initiative. The kits, which include masks, gloves and hand sanitisers, were distributed to the elderly, people of determination, and others across 12 locations including 8 community development centres ...

ABU DHABI / WAM Mohammed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (Added), held a remote meeting through video conferencing with Kamal R Vaswani, Ambassador of the Republic of Singapore to the UAE, to discuss ways to improve bilateral economic relations between the two parties. During the meeting, both parties explored trade and investment cooperation ...

ABU DHABI / Emirates Business Adnoc Distribution, the UAE’s largest fuel and convenience retailer, has launched a home delivery service to bring everyday essentials direct to customers from select Adnoc Oasis convenience stores in Abu Dhabi. Delivered within 30 minutes through the Talabat app and website, customers can now order more than 1,100 products offered across daily groceries, snacks as ...

ABU DHABI / WAM The United Arab Emirates on Thursday sent an aid plane containing seven metric tons of medical supplies to Romania to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 7,000 medical professionals as they work to combat the virus. Commenting on the aid delivery, Dr. Ahmed Abdullah bin Saeed Al ...

DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued directives to grant 10-year Golden Visas to 212 doctors of various specialisations working for the Dubai Health Authority (DHA) as a token of appreciation for their efforts in the fight against Covid-19 and their selfless ...