News

Bloomberg California’s biggest wildfire of the year has already burned more than 50,000 acres of timber and grass as NASA scientists say climate change is making such blazes more likely and harder to stop. It’s a sobering scenario for the US state with the highest wildfire risk, where land damaged or destroyed by fire has expanded fivefold over the last ...

WAM / Bloomberg The UAE strongly condemned the terrorist attack on Saturday that targeted two Saudi Aramco facilities in Abqaiq province and Hijrat Khurais in Saudi Arabia, causing fires that were later brought under control. In a statement issued on Saturday, the Ministry of Foreign Affairs and International Cooperation denounced this terrorist and subversive act, saying it is new evidence ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), announced on Saturday the distribution of over AED25 billion in cash dividends to 572,774 eligible investors on behalf of its listed companies. In comparison to the 2018 dividends, the 6.95 percent increase demonstrates the attractiveness of the investment environment in the Emirates and especially in Abu Dhabi. According to a statement ...

Geneva / WAM The UAE announced completion of a draft law on the establishment of a national human rights institution (NHRI), following the Paris Principles. This was stated by Ahmed Abdul Rahman Al Jarman, Assistant Minister for Human Rights and International Law at Ministry of Foreign Affairs and International Cooperation, in a speech at the 42nd session of the Human Rights ...

Bloomberg Oil fell to a two-week low as the International Energy Agency (IEA) has warned of a looming supply glut. Futures in New York ended the week 3% lower after four straight days of declines. Sentiment continues to be dominated by an International Energy Agency report highlighting the challenge facing Opec and its allies in balancing the market as production ...

Bloomberg India unveiled new measures involving a more than $7 billion boost to exporters and housing projects, as part of efforts to revive a flagging economy. A program to refund taxes and levies for export promotion will be effective January 1 and involves forgoing 500 billion rupees ($7 billion) in revenue, Finance Minister Nirmala Sitharaman told reporters in New Delhi ...

Dubai / Emirates Business Materials Handling Middle East, the region’s dedicated warehousing, intralogistics and supply chain solutions show, racked up a 12% visitor uplift on the 10th edition of the biennial event which closed at the Dubai World Trade Centre. Some 3,882 visitors from more than 50 countries turned out for the show which has evolved into a futuristic showcase ...

Abu Dhabi / Emirates Business Emirates Steel, the only integrated steel plant in UAE and a subsidiary of General Holding Corporation (Senaat), is participating in the First Saudi International Iron & Steel Conference, of which it is its Rhodium Sponsor. At the conference, held in the King Faisal International Conferences Hall at the Intercontinental Hotel in Riyadh from September 16-18, ...

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), an integrated free zone technology park, hosted its Sixth Happiness Forum at Grand Hyatt Dubai. Highlighting the importance of happiness in the workplace, the event convened representatives of the public and private sectors to discuss initiatives aimed at creating comprehensive and sustainable employee ...

DUBAI / WAM A number of UAE business groups are set to invest $10 billion (AED36.7 billion) into Bangladesh, according to data compiled by the Bangladesh Economic Forum. The Forum will kick-off in Dubai on September 15, with more than 300 government officials, business leaders, investors and entrepreneurs participating. The one-day conference aims to strengthen the flow of trade and ...