News

VIENNA / WAM The Joint Ministerial Monitoring Committee (JMMC) announced that countries participating in the ‘Declaration of Cooperation’ between Opec and participating non-Opec oil producing countries achieved an overall conformity level of 159 percent in July 2019. The ‘Declaration of Cooperation, was reached at the joint Opec-non-Opec Ministerial Meeting of December 10, 2016. The July conformity was 22 percent higher ...

Dubai / Emirates Business Chinese steel manufacturer Maanshan Iron and Steel Co Ltd (Masteel), has formally established Masteel Middle East FZE in Jebel Ali Free Zone (Jafza). Qian Haifan, General Manager of Maanshan Iron and Steel Co. Ltd (Masteel), and Ahmad Al Haddad, Chief Operating Officer, Parks and Zones, DP World, UAE Region, jointly inaugurated the facility. Masteel Middle East ...

DUBAI / Emirates Business The digital textile printing industry will touch AED20 billion by 2023 with a compounded annual growth rate (CAGR) of 11.6 percent, according to a report by Smithers Pira. Players within the industry in the GCC can capitalise on the market growth triggered by the e-commerce industry and the exponential demand by the millennials and the rising ...

ABERDEEN / WAM Petrofac, the UAE-linked international service provider to the oil and gas produc-tion and processing industry, has been awarded a contract by Hess, a leading independent energy company, for the well-plugging and abandonment of four wells within the Rubie and Renee oilfields in the Central sector of Britain’s North Sea. The wells lie offshore around 200 km north-east ...

ABU DHABI / WAM The UAE — via the Khalifa Bin Zayed Al Nahyan Foundation — has begun immediate relief operations in Sudan to help those affected by severe floods sweeping the country. At least 62 people have died as a result of flash flooding which devastated some 26,000 homes, with the worst affected areas include the White Nile State ...

SHARJAH / Emirates Business Sharjah Entrepreneurship Center (Sheraa) and Liv, the digital-only lifestyle bank by Emirates NBD, teamed up to educate UAE youth and jumpstart their entrepreneurial journey with a workshop series recently. Organised at the Youth Hub in Dubai, the workshops aimed to provide aspiring entrepreneurs with the tools and support necessary to build a solid foundation for their ...

DUBAI / WAM The Telecommunications Regulatory Authority, TRA, will have an active participation in the ITU Annual Forum on “Internet of Things (IoT), Big Data, Smart Cities and Societies” for Arab Region, which will be launched on August 28 in Dubai. The event includes several activities that highlight the UAE’s experience in digital transformation, future shaping, Fourth Industrial Revolution and ...

ABU DHABI / WAM The fight to eradicate the illegal capture of and trading in birds of prey “requires co-ordination at all levels — national, regional and international”, Majid Al Mansouri, the President of the International Association for Falconry and Conservation of Birds of Prey (IAF) said. Al Mansouri, who is also secretary general of the Emirates Falconers Club (EFC) ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada) has revealed that 89 percent of the AED4.4 billion New Al Ain Hospital —a project with a total built-up area of 347,000 square metres being executed in collaboration with Abu Dhabi Health Services Company (Seha) is now complete. Assuring that work is progressing in the project as planned in line ...

AL AIN / WAM Emirati women have their eyes on the sky as career-driven leaders in sectors vital to the UAE’s future and prosperity. Samira Saeed Al Zaidi and Iman Mohammed Al Mulla are two such women. As team members of Strata — an Al Ain-based plane parts manufacturer — they spoke to the Emirates News Agency (WAM) highlighting their ...