News

DUBAI / WAM Dubai Mercantile Exchange (DME), the international energy futures exchange in the Middle East, on Tuesday announced a 21 percent increase year-on-year in exchange trading activities, along with 172 percent increase in forward curve trading, following Saudi Aramco’s adoption of DME Oman in its official selling price in October 2018. In 2019, DME registered an average daily volume ...

DUBAI / WAM Dubai Islamic Economy Development Centre announced results of the State of the Global Islamic Economy Report. The seventh edition of the report presents an annual update on continued global growth of the Islamic economy, encompassing halal products, Islamic finance and related lifestyle sectors. This year’s SGIE report, produced by DinarStandard, a US-based research and advisory firm, estimates ...

Umm Al Quwain / Emirates Business This year as the UAE celebrates its National Day, Dreamland Aqua Park adds more to the festivities with its special offers that reflect the 48th year. The ‘It’s all 48’ promotion will offer visitors a never before price of AED48 per person for the first 48 minutes or for the first 48 guests every ...

DUBAI / WAM The Dubai Land Department, DLD, announced its collaboration with the US National Association of Realtors (NAR), to hold the 2020 edition of the International Real Estate Conference (IREC), in Dubai, from November 5-7, 2020, in conjunction with Expo 2020 Dubai. The next edition is expected to be the largest in the history of the conference and will ...

SHABWA / WAM The United Arab Emirates through its humanitarian arm – the Emirates Red Crescent (ERC) – has sent a relief convoy including 350 food baskets, weighing 28 tonnes, to Mayfa’a district in Yemen’s Shabwa governorate, benefiting 2,135 needy families. The gesture is part of the UAE’s humanitarian and relief efforts to reduce suffering and improve living conditions in ...

ABU DHABI / WAM Adnoc LNG announced on Tuesday it has concluded supply agreements with subsidiaries of BP and Total, effectively booking out the majority of its LNG production through Q1 2022. With the transactions, Adnoc LNG has continued to expand its footprint into new regions and markets. The agreements were signed by officials from BP, Total and Adnoc LNG ...

ABU DHABI / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the Arab Youth Centre, announced the hosting of the first Arab Meeting for Young Leaders. The meeting will take place in Abu Dhabi on December 10-11, in partnership with the Arab League and several international and regional organisations, and ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday it has signed an agreement with Group 42 (G42), an Abu Dhabi based artificial intelligence, cloud and supercomputing company, to establish a joint venture to develop and commercialise market-leading artificial intelligence (AI), products for the oil and gas industry. Under the terms of the agreement, a ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has announced a fourth daily flight on its route from Abu Dhabi to Riyadh, the capital of the Kingdom of Saudi Arabia (KSA), effective December 8. The additional service will be operated by an Airbus A320 configured with 8 seats in Business and 150 seats in Economy. ...

Dubai / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs, discussed means of boosting cooperation between Dubai and China with representatives of more than 20 Chinese companies headed by the Chinese Consul-General to Dubai, Li Xuhang. The visitors were briefed on the experience of Dubai Customs in developing and sustaining customs systems and the international supply chain. The meeting is ...