ABU DHABI / WAM The Organisation of Petroleum Exporting Countries (Opec), has projected an increase in the global demand for oil to 100.98 million barrels per day (mbpd) during 2020, an increase of 1.22 mbpd compared to the average production of 99.77 mbpd for 2019, according to the Organisation’s Monthly Oil Market Report for January. World oil production includes all ...
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ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), has been named the UAE’s most valuable brand for a second consecutive year by Brand Finance, the world’s leading brand valuation and strategy consultancy. Adnoc’s $11.39 billion (AED41.83 billion) 2020 brand value, a 28.6% increase over the previous year and a 145% increase since the launch of its transformation ...
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Bloomberg President Donald Trump said he’s begun talks with World Trade Organisation (WTO) director-general Roberto Azevedo on changing the structure of the body, which he complained has been unfair to the US. Azevedo will travel to the US for negotiations, Trump said on Wednesday at a news conference to close his visit to the World Economic Forum annual conference in ...
Read More »ABU DHABI / WAM The UAE central bank announced that money supply aggregates for currency circulation outside banks and monetary deposits (M1), increased by 0.5%, from AED512.1 billion at end of November 2019 to AED514.8 billion at the end of December 2019. According to a statement by central bank, money supply aggregates, M2, increased by 2.2%, from AED1,380.5 billion at ...
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ABU DHABI / WAM The Ministry of Finance (MoF), announced on Wednesday morning the results of the 2018 Consolidated Annual Report of the federation, and the final accounts of independent entities. The announcement came alongside the ministry’s participation in the Federal National Council’s third meeting, which took place in Abu Dhabi. The report stated the value of revenues reached AED56.1 ...
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ABU DHABI / WAM First Abu Dhabi Bank (FAB), has been recognised as the ‘Best Trade Finance Provider in UAE’ by Global Finance at the Bankers Association for Finance and Trade Annual Meeting 2020. The bank received the award at a ceremony in Frankfurt. The awards recognise finance providers that have delivered excellent trade finance solutions by anticipating evolving trends, ...
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Abu Dhabi / WAM The Abu Dhabi General Services Company (Musanada), handed over the Bani Yas Court project to the Abu Dhabi Judicial Department (ADJD), stating that it constructed the court building over an area of 7,725 square metres at a total cost of approximately AED54 million. The company said that the works were completed as per the construction plan ...
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Ajman / Emirates Business Ajman Free Zone (AFZ) signed a Memorandum of Understanding (MoU) with Mashreq Bank, the oldest privately-owned bank in the UAE. The agreement, spanning two years, will entail any business that chooses to set up in Ajman Free Zone being recommended the services of Mashreq Bank during the registration or licensing process. This agreement also applies to ...
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DAVOS / WAM The UAE on Wednesday announced that it will co-host the world’s biggest humanitarian event on 26th September 2020. Dubai will host one of ten simultaneous live events organised by Global Citizen, the international organisation that aims to build a movement to end extreme poverty by 2030. The news was announced as part of the UAE delegation’s participation ...
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FUJAIRAH / WAM The Fujairah Statistics Centre began a survey to measure the level of coexistence in Fujairah, which is the first such survey in the country that aims to measure community tolerance and coexistence and encourage honest national community dialogue. The survey is part of a partnership between the Federal Competitiveness and Statistics Authority and participating local centres. Dr ...
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