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DUBAI / WAM Dubai’s non-oil foreign trade volumes surged to 83 million tonnes in the first nine months of 2019, an increase of 22 percent year-on-year from 68 million tonnes in the corresponding period last year. The volume of re-exports skyrocketed 48 percent to reach 13 million tons. Exports rose by 47% to 14 million tonnes while imports grew by ...

ABU DHABI / WAM The UAE has strongly condemned the terror attack by a car bomb on a security checkpoint in Somalia’s capital, Mogadishu, which resulted in death of numerous innocent civilians and the wounding of others. The Ministry of Foreign Affairs and International Cooperation stressed that UAE strongly condemns these criminal acts and fully rejects all forms of violence, ...

Bloomberg The transitional government in Sudan is planning a set of economic and political reforms, including removing fuel subsidies gradually in 2020, Reuters reported, citing Finance Minster Ibrahim Elbadawi. The subsidies for wheat and cooking gas would be retained to help the poor, he told reporters, Reuters said. Subsidies are a major burden on the government’s finances, which have been ...

Bloomberg Oil posted the longest run of weekly gains since April as prices followed equities higher and a government report showed US crude inventories falling to the lowest in two months. Futures in New York were little changed, clinging to a three-month high. The Energy Information Administration reported that oil inventories fell 5.47 million barrels while supplies at the key ...

Bloomberg Iraq, Opec’s second-biggest producer, halted output from a southern oil field as protesters walked close to installations. Other southern fields will make up the amount from the shutdown, which won’t affect the country’s output. The halt is temporary until the Nasiriya field, which produces 80,000 to 85,000 barrels a day, is clear of protesters. The closure was a precautionary ...

Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), announced that it is providing $300 million in development aid to the Hashemite Kingdom of Jordan. The Fund said in a statement, “The UAE leadership’s decision reaffirms the commitment to standing alongside the brotherly leadership and people of Jordan, reflecting the nation’s foreign policy that carries the legacy of ...

DUBAI / WAM A new survey on local perceptions of Dubai’s brand has revealed that the city is home to the most vibrant creative sector in the region. The survey, which looked at perceptions of Dubai’s creative sector among UAE-based arts and culture professionals and consumers in comparison to other countries in the region, was commissioned by the Dubai Culture ...

LONDON / WAM In recognition of its leadership in business continuity and corporate resilience, Dubai Electricity and Water Authority (Dewa) received the International Risk Management Award from Continuity, Insurance & Risk (CIR). “This award demonstrates the important role of risk management, resilience, and business continuity in realising Dewa’s vision to become a globally leading sustainable innovative corporation. It also supports ...

ABU DHABI / WAM The Telecommunications Regulatory Authority (TRA), released the following statement. “The Telecommunications Regulatory Authority, TRA, is aware of the recent allegations and concerns about the privacy of users on accredited telecommunications applications in the UAE, in particular Totok Application. “The TRA affirms that UAE telecommunications regulations encompass strong Information security laws to prohibit any kind of data ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA), opened on Saturday Al Qudra-Lehbab Roads Interchange Development Project. Works covered building a flyover providing free traffic in all directions and improving the traffic flow on both Al Qudra and Lehbab Roads. Lehbab Road is a strategic traffic corridor that provides a traffic solution for motorists heading to Expo Road, Jafza, ...