News

Mohamed continues tours of Idex 2019

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday continued his tours of several national and foreign pavilions in the International Defence Exhibition and Conference (Idex 2019), now running at the Abu Dhabi National Exhibition Centre (Adnec). During his tour, His Highness Sheikh ...

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Adnoc L&S plans to add 25 vessels over next five years

ABU DHABI / WAM His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, a member of Abu Dhabi’s Executive Council and Supreme Petroleum Council and Chairman of the Abu Dhabi Department of Transport, was briefed on Adnoc Logistics and Services’ (Adnoc L&S) strategic growth plans, which will transform it into a global shipping champion, during a recent visit to ...

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Sheikh Khalifa receives note from French president

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, received a note from President Emmanuel Macron of the French Republic, regarding the bilateral relations between the two friendly countries. The note also touched on ways to further develop relations between the UAE and France in various fields, in addition to the latest developments on the regional ...

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ERC helps 1,800 Yemeni students to return to school

Abu Dhabi / WAM The Emirates Red Crescent (ERC), inaugurated the Al Fatah Elementary and Secondary School in Al Qataba, Khawkhah District in Hodeidah Governorate, after it has been renovated, rehabilitated and furnished, to support the education sector in Yemen. The ERC’s representative in the Red Sea Coast stated that the project was completed in record time, to enable 1,800 ...

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Dubai International Boat Show begins next week

Dubai / WAM Dubai International Boat Show gets underway next week, welcoming no fewer than 450 yachts and boats from around the world to the Dubai Canal. Ranging from fishing boats and small leisure-craft, to 50-metre (164ft) superyachts, the Dubai International Boat Show will be home to all things “chic nautique”, and will once again be the Middle East’s premiere ...

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Gulf Craft announces launch of Nomad Yachts

Dubai / Emirates Business The Gulf Craft Nomad Yachts range goes from strength to strength as the company pushes the innovation button with the launch of an extended range of Nomad Yachts at the Dubai International Boat Show. The new range is added to the already successful Nomad 55, Nomad 65 and Nomad 75 models which have made waves in ...

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UAE’s F&B sector to record 8.3% growth over 2018-2021

Dubai / WAM Demand within the UAE’s food and beverage sector is expected to gain momentum over the next three years, supported by the country’s fast-growing population, rising number of tourists, and expanding halal food market, according to new analysis from Dubai Chamber of Commerce and Industry. The findings of the analysis were revealed during a briefing on the sidelines ...

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Brexit threatens to dull UK oil’s allure

Bloomberg Brexit is threatening to spoil the appeal of the UK’s crude in the world’s biggest regional oil market. Seoul-based SK Innovation Co., an Asian buyer of North Sea Forties crude, sees a lower probability of purchases if the UK and South Korea don’t roll over an existing trade deal before Brexit. That’s after British Business Secretary Greg Clark admitted ...

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US seeking stable yuan as China trade talks progress

Bloomberg The US is asking China to keep the value of the yuan stable as part of trade negotiations between the world’s two largest economies, a move aimed at neutralising any effort by Beijing to devalue its currency to counter American tariffs, people familiar with the ongoing talks said. Officials from the two countries are discussing how to address currency ...

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Chinese traders freeze Australia’s coal orders

Bloomberg China has delayed customs clearance of coal imports from Australia by as long as 40 days, according to a leading industry body, raising speculation that the world’s biggest shipper of the commodity is being targeted at a time of strained relations between the two nations. Customs officials are taking longer to clear Australian coking coal imports, especially in northern ...

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