News

Bloomberg Oil held near a six-week high as signs of another increase in US crude reaffirmed the prevailing view that global markets are comfortably supplied. Futures added 0.2% in New York after rising 5.6% over the past three sessions. The American Petroleum Institute reported that crude stockpiles increased by 4.26 million barrels last week, according to people familiar with the ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced, on Wednesday, the completion of 12 business partnership majlises, held at the Adnoc HQ during the past two months. These majlises were conducted to forge a deeper relationship between Adnoc and its private sector community, stimulating constructive supplier feedback around Adnoc’s smart-procurement approach to partnership and the company’s ...

Dubai / Emirates Business Airlines and airports spent a record $50 billion in 2018 on IT to support improvements to the passenger journey and are now beginning to enjoy the benefit of that investment. Figures published by SITA for the first time show that this investment has resulted in a significant improvement in both the satisfaction levels for passengers and ...

Dubai / Emirates Business dnata, one of the world’s largest air services providers, has been certified by IATA’s Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma) for its pharma handling processes at its state-of-the-art cargo facility at Dubai World Central (DWC). The accreditation complements dnata’s existing CEIV Pharma certification at Dubai International (DXB), demonstrating the company’s ability ...

Dubai / WAM The Saudi-Emirati Housing Council, one of the housing and environmental initiatives of the Saudi-Emirati Coordination Council, held its first meeting in Dubai, attended by Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Majid Al Hogail, Saudi Minister of Housing. The meeting addressed ways of adopting a management mechanism for the Council’s trustees from ...

Abu Dhabi / WAM Thirty of the world’s leaders of the oil, gas and petrochemical industry chief will gather, in Abu Dhabi, on November 10, to discuss critical issues facing the energy sector in a world that needs more energy but demands fewer emissions. The senior executives have been invited to the 4th Abu Dhabi CEO Roundtable by Dr Sultan ...

Ras Al Khaimah / WAM Recognising the importance of creating a flourishing ecosystem and environment for Small and Medium-sized Enterprises (SMEs), Rakbank launched a digital community platform called SMEsouk to support small businesses. The platform’s core focus is to support SMEs by connecting them with complementary industries for a comprehensive suite of non-banking value-added services such as licensing, accounting, insurance, ...

Dubai / Emirates Business DP World, UAE Region’s flagship Jebel Ali Free Zone (Jafza), signed an agreement with Dubai Insurance Company (DIC) to roll out the Workforce Protection Programme that will cover the companies based in Jafza, National Industries Park (NIP) and Dubai Auto Zone (DAZ). The programme is geared towards supporting goals set by His Highness Sheikh Mohammed bin ...

Dubai / emirates business Saudi German Hospital Dubai (SGH Dubai) signed the agreement to collaborate on disaster management with Dubai Health Authority (DHA) during Expo 2020 six-month event starting October 20, 2020. “We are excited and honored to be part of Expo 2020, which will be the event of the century,” said Dr Reem Osman – Group CEO – Saudi German Hospital ...

Dubai / WAM The Global Business Forum Africa (GBF Africa), in Dubai will feature 40 prominent speakers and 26 interactive sessions, with presidents of Liberia, Zimbabwe and Seychelles, as well as Reem Al Hashemy, Minister of State for International Cooperation, and Director-General of Expo 2020 Dubai, among the high-level participants attending the event. Organised by Dubai Chamber of Commerce and ...