News

Bloomberg Oil steadied near $53 a barrel after two days of declines as the fragile economic environment and unresolved US-China trade war continue to deteriorate the outlook for global fuel demand. Futures in New York rose 0.4% on Wednesday in New York. The International Energy Agency (IEA) sees a “serious challenge” for Opec and other producers next year amid the ...

Abu Dhabi / Emirates Business Etihad Aviation Group, owner of the national airline of the United Arab Emirates, and Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, on Wednesday announced the signing of an agreement to launch ‘Air Arabia Abu Dhabi’, the capital’s first low-cost carrier. Etihad and Air Arabia will establish an independent joint ...

Dubai / WAM Enoc Group opened three service stations in Sharjah, as part of its accelerated plans to expand its retail network by 30 stations across the emirate over the next two years. The expansion of Enoc’s service station network in Sharjah is a critical component of the Group’s long-term strategic objective to strengthen its retail presence across the UAE ...

Abu Dhabi / WAM Sheikh Khalifa bin Mohammed bin Khalid Al Nahyan, Chairman of the Wajib Volunteer Association, on Wednesday inaugurated the Abu Dhabi International Boat 2019 which is held under the patronage of HH Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation, and Chairman of ...

Abu Dhabi / WAM Abu Dhabi on Wednesday announced the establishment of the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the first graduate level, research-based AI university in the world. MBZUAI will enable graduate students, businesses, and governments to advance the artificial intelligence field. The University is named after His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince ...

Abu Dhabi / WAM The United Arab Emirates is leading nations in utilising artificial intelligence (AI), and disruptive technologies to create a smarter, more innovative governance environment that is enabled to explore future opportunities and risks. Following the announcement of the Mohamed bin Zayed University of Artificial Intelligence — the world’s first AI university to open in the nation’s capital, Abu ...

Dubai / Emirates Business DP World, UAE Region’s flagship Jebel Ali Free Zone (Jafza) reaffirmed its leadership position in global logistics when it was named “Global Free Zone of the Year for Large Tenants” at the fDi Middle East Free Zones of the Year Awards 2019. The fDi Magazine Awards, part of the Financial Times Group, cited Jafza for its ...

ABU DHABI / WAM Mariam Almheiri, Minister of State for Food Security, asserted that World Food Day is an ideal occasion to raise people’s awareness about the value of food, highlight the real challenges facing food security in different countries, and strengthen international cooperation to eradicate hunger around the world and achieve the United Nations’ Sustainable Development Goals for a ...

DUBAI / Emirates Business Dubai Chamber of Commerce and Industry announced its expansion in China with opening of a new location in Shenzhen that will be tasked with exploring business potential in the emerging in the fast-growing technology and innovation hub and attracting innovative Chinese companies to Dubai. The Chamber’s team in Shenzhen will identify business opportunities in the city’s ...

Dubai / Emirates Business Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa) region, and the number eight global financial centre, marked a significant rise in Islamic assets being managed in the centre, recording a 45% growth between Q2 2018 and Q2 2019. Islamic finance is growing at 1.5 times ...