News

Bloomberg Eni SpA signed an exploration and production agreement wi-th emirate of Ras Al Khaimah, a further push by the Italian company into the Middle East. The deal between the Rome-based hydrocarbons producer and RAK Petroleum Authority will cover Block A, which includes an area of 2,412 sq kms off the coast, according to a statement from Eni. Eni will ...

Bloomberg Hedge funds are betting rising tensions around the globe will keep fueling oil’s rebound this year. Money managers boosted optimistic wagers on West Texas Intermediate crude to the highest since October in the week ended April 16, according to government data released. Total long and short positions swelled to the most in six months, a sign the rally is ...

DUBAI / WAM Abdul Rahman bin Mohammed Al Owais, Minister of Health and Prevention (MoHAP) met with Dr Amrit Ray, Global President, R&D and Medical, Pfizer EMB, to discuss the possibility of establishing a scientific research and excellence hub in the UAE. Al Owais and Dr Ray also discussed mutual efforts to fight chronic diseases and develop innovative and integrated ...

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, announced that it has obtained the Leadership in Energy and Environmental Design (LEED) v4.1 Platinum certification in the Operations and Maintenance (O+M) category for its High Bay Building in DSO. Dr Juma Al Matrooshi, Deputy CEO for ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), met Fernando Luis Lemos Igreja, Ambassador of Brazil to the UAE, as part of a series of meetings to ensure cooperation and collaboration with all diplomatic and consular missions in the UAE. The meeting was attended by Dr Yousef Al Akraf, Executive Vice ...

DUBAI / WAM Dubai Municipality announced several investment opportunities in the emirate’s public parks, such as the event spaces, and the allocation of different areas for restaurants and small shops, within the investment map of each park. Dawoud Al Hajri, Director General of Dubai Municipality, said that the Municipality aims to support the directives of the wise leadership to encourage ...

DUBAI / WAM Trakhees, the regulatory arm of Ports, Customs and Free Zone Corporation (PCFC), in Dubai has received five ISO certifications in complaints handling, quality management, IT management, environment management and HS management. Adnan Al Abbar, CEO of Trakhees, expressed his happiness for this achievement and confirmed Trakhees incessant efforts within its 2019-2021 plan to give more focus to ...

DUBAI / WAM Chaired by Omar Sultan Al Olama, Minister of State for Artificial Intelligence, the Dubai Future Council on Artificial Intelligence discussed at its first meeting plans and trends to strengthen Dubai’s position and leadership in future sectors and how the role of artificial intelligence will further enhance Dubai’s status as a future global city. One of 13 Councils ...

DHAKA / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, has got first-hand knowledge of the humanitarian conditions at the Rohingya refugee camps in Cox’s Bazar, during her meeting with UN officials in Bangladesh. The minister, along with her accompanying delegation, toured the camps’ food distribution centres where the World Food Programme (WFP) has scaled up ...

Dubai / Emirates Business Mint Middle East (MME) is reinventing online shopping and payments in the UAE and the region with three new products. Three products — GoMart, Marakez and MintPay — will foray into the country with the aim to taking consumer experience with online shopping to a new level, offering an integrated secure payments gateway that completes a ...