News

Bloomberg Saudi Arabia, the world’s biggest oil exporter, lowered pricing for September sales of all crudes to Asia while raising prices to buyers in northwest Europe and the Mediterranean region. State-owned Saudi Aramco cut pricing for its flagship Arab Light crude to buyers in Asia by 75 cents, to a $1.70 a barrel premium over the Oman-Dubai Middle Eastern benchmark, ...

Abu Dhabi / WAM Abu Dhabi’s hotels have posted remarkable year-on-year growth in the second quarter of 2019, with hotel guest numbers reaching a record 1.2 million for the April to June period, a 6.8 percent increase from the same period in 2018. The latest report from the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) also ...

NEW DELHI / WAM The recent visit to New Delhi by HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, “provided an opportunity for India and the UAE to constructively build on the vision of their comprehensive strategic partnership and to broaden cooperation in various sectors of mutual interest,” the Indian Minister of State for ...

ABU DHABI/ WAM The UAE’s State Audit Institution (SAI) as the head of the International Organisation of Supreme Audit Institutions, INTOSAI, signed a Memorandum of Understanding, with the Vienna-based United Nations Office on Drugs and Crime (UNDOC) which manages the work of the Secretariat of the Conference of the States Parties, COSP, a branch of the United Nations Convention against ...

DUBAI / WAM A delegation from the Roads and Transport Authority (RTA) recently visited several universities and start-ups in Taipei, Taiwan, and Sydney, Australia, participating in the Dubai World Challenge for Self-Driving Transport. The tests were meant for participants in the second (start-ups) and third-tiers (Academia — International), and were restricted to entities shortlisted for the challenge, following a series ...

Dubai / Emirates Business In the UAE, a staggering 84 percent of high net worth individuals and business owners take an optimistic stance on the state of their economy, almost unchanged compared to last quarter’s results, according to UBS Global Wealth Management’s new quarterly Investor Sentiment survey. Similarly, 81 percent of UAE investors are bullish on regional stocks. By comparison, ...

Emirates Business According to the latest data compiled by Expedia Group from the second quarter of 2019, the number of travellers visiting UAE from China has grown significantly. Industry leaders are suggesting that the number of Chinese tourists travelling to the GCC is expected to rise by 81 percent from 1.6 million in 2018 to 2.9 million in 2022, with ...

Dubai / WAM Humaid Al Qutami, Director General of the Dubai Health Authority (DHA) has reaffirmed the authority’s keenness to fulfil its role in providing a safe and healthy environment before, during and after Expo 2020 Dubai. Al Qutami made the statement during his visit to the Expo 2020 Emergency Centre, operated by DHA, on Sunday. The DHA, an official ...

Ajman / WAM During the 6th Liwa Ajman Dates and Honey Festival 2019, the UAE Space Agency highlighted the possibility of cultivating palm trees on Mars. The agency’s plan is to send palm tree seeds to the International Space Agency, which will perform experiments and send the seeds to Mars for cultivation. The agency’s pavilion at the festival was visited ...

Abu Dhabi / Emirates Business Abu Dhabi Global Market (ADGM), the award-winning International Financial Centre in Abu Dhabi, is set to visit Shenzhen (China’s tech megacity) on August 5 and Beijing (China’s capital silicon valley) on August 7 as part of its FinTech global tour to recruit innovative FinTech start-ups to showcase their solutions at Measa’s (Middle East, Africa and ...