News

Bloomberg Saudi Aramco is pushing to complete its initial public offering (IPO) this year by relying more on local investors, after international money managers’ skepticism triggered a brief delay, people with knowledge of the matter said. The state-owned oil producer is considering making a formal announcement of the listing plan as soon as the next few weeks, according to the ...

Bloomberg Oil jumped the most in more than a week after a report that Organisation of Petroleum Exporting Countries (Opec) and allied crude producers will discuss deepening supply cuts next month. Futures climbed more than 2% in London and New York on Tuesday. Members of the Opec are concerned about the outlook for demand next year, Reuters reported, citing unnamed ...

Abu Dhabi / Emirates Business The Abu Dhabi Digital Authority (ADDA), the lead Abu Dhabi government entity spearheading the emirate’s digital transformation agenda, has announced the launch of its new service, the ‘TAMM Care for key investors,’ which is part of the integrated services platform, ‘TAMM.’ The new service has been specially created to reach out to the key investors ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, and Saudia, the national flag carrier of the Kingdom of Saudi Arabia, have marked the first anniversary of their commercial partnership by announcing 12 new codeshare routes to key destinations in Asia and Europe. Since signing their agreement in October, 2018, the two airlines have ...

DUBAI / WAM Etihad Energy Service Company (Etihad Esco), announced the signing of an agreement with Ducab, one of the UAE’s largest manufacturing businesses, on the sidelines of the 21st Water, Energy, Technology and Environment Exhibition (Wetex), with an aim to support the UAE’s solar energy sector’s growth. The new contract will see Ducab supply its SolarBICC cables – specially designed ...

Abu Dhabi / WAM A UAE delegation will participate in the ‘One Young World Summit 2019’, in London, UK, which will convene the brightest young talent from more than 190 countries, untill October 25. The participation is in line with the UAE’s strategy to empower young people and provide them with an opportunity to contribute to the national development process. ...

ABU DHABI / WAM World Polio Day is marked annually on October 24 recognising global efforts to eradicate the highly infectious disease that mainly affects children under the age of five. Since the establishment of the Global Polio Eradication Initiative (GPEI), in 1988, the World Health Organisation (WHO), noted that wild polio cases have decreased by over 99 percent, with ...

SHARJAH / WAM Crescent Enterprises has joined hands with The Big Heart Foundation, a Sharjah-based global humanitarian organisation dedicated to helping people in need worldwide, to assist the Rohingya refugees in Bangladesh. The initiative will support Water and Sanitation for Health (Wash), project supervised by The Big Heart Foundation in the Cox’s Bazar district in southern Bangladesh, said a press ...

Abu Dhabi / Emirates Business Emirates Steel, the only integrated steel plant in UAE and a subsidiary of General Holding Corporation (Senaat), received two patents from the United States Patent and Trademark Office. The patents reaffirm Emirates Steels’ status as an innovative leader within the regional steel industry, alongside its commitment to building a culture of innovation within the UAE. ...

ABU DHABI / Emirates Business Saif Mohamed AL Hajeri, Chairman of Department of Economic Development and a member of the Executive Council, officially opened the seventh edition of the International Franchise Exhibition (IFE), organised by Abu Dhabi Chamber of Commerce and Industry in strategic partnership with Emirates Association for Franchise Development, at Abu Dhabi National Exhibition Centre (Adnec) on Tuesday. ...