News

Abu Dhabi / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, said that the UAE, Saudi Arabia and Oman are currently researching a possible extension to the Gulf gas network, by integrating the gas lines between the three countries with the Gulf electricity grid network, and then connecting it to Kuwait and Bahrain, which will ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai honoured winners of the ‘Mohammed bin Rashid Government Excellence Award’ during a special ceremony that took place in Abu Dhabi on Wednesday. “We have 10 years of achievements. We want the UAE government to be the best ...

ABU DHABI / WAM The upcoming International Defence Conference (IDC 2019), is expected to draw the participation of over 1,200 global defence specialists in the nation’s capital, Abu Dhabi. The conference will take place from February 14-16, at the Emirates Palace. For the first time, the IDC will be combined with the Abu Dhabi International Offset Conference (ADIOC), with the ...

Abu Dhabi / WAM The Ministry of Economy discussed the means of strengthening of the UAE’s economic and trade relations with Italy, as well as developing the cooperation between both sides in several commercial areas, to achieve the mutual interests of both countries. The discussion took place during a meeting between Abdullah Alfan Alshamsi, Assistant Under-Secretary for Trade Remedies at ...

RED SEA COAST / WAM In the second week of the Year of Tolerance, the Emirates Red Crescent (ERC), initiated seven education development projects in Yemen’s Red Sea Coast. The move is part of the authority’s humanitarian, development and economic projects in villages, cities and districts in the Taiz and Hodeidah governorates. The new projects include the restoration and refurbishment ...

Dubai / WAM Dubai Frame has attracted the attention of a large number of visitors to Dubai, as it received a million visitors from around the world during its first year of opening. “The Dubai Frame comes from the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to establish Dubai ...

Abu Dhabi / WAM As global oil consumption crosses the 100-million-barrels-per-day mark, the Abu Dhabi National Oil Company (Adnoc) is reinforcing its leadership role and commitment to environmental stewardship, as it strengthens its position as one of the oil and gas industry’s lowest emitters of greenhouse gases (GHG). While addressing rising global energy demand, Adnoc is investing in new measures ...

Bloomberg Italy’s top oil producer and Oman’s energy minister predict the latest oil rebound will stick. Prices are up more than 20 percent since hitting an almost two-year low in December. Oman Oil Minister Mohammed Al-Rumhi told Bloomberg TV that the agreement between the Organization of Petroleum Exporting Countries and partners including Russia and Oman can sustain prices at $60 ...

Bloomberg S&P Global Ratings cut the credit rating of Berkshire Hathaway Energy’s 550-megawatt Topaz Solar Farms to junk, noting that the plant counts on embattled utility giant PG&E Corp for all of its revenue. S&P lowered ratings on Topaz Solar by five notches to ‘B’ from ‘BBB-’ and maintained the ratings on CreditWatch, meaning it may make further cuts. In ...

Bloomberg Ren Zhengfei, the billionaire founder of Huawei Technologies Co, broke a years-long silence to dismiss US accusations the telecoms giant helps Beijing spy on Western governments. Ren denied suggestions that Huawei aids the Chinese government in espionage, saying it has no regular contact with Beijing as his technology empire faces its biggest crisis in its three decades of existence. ...