News

Bloomberg Oil headed for its longest stretch of daily gains in more than 17 months as the US Federal Reserve sought to ease investor concerns, China moved to sti-mulate its economy and Opec production cutbacks took effect. Futures in New York climbed as much as 3.2 percent after a fifth consecutive increase, when they settled at the highest closing level ...

Bloomberg After four years of planning, Tesla Inc finally broke ground on its planned $5 billion factory in the world’s biggest auto market. But the timing couldn’t be more inauspicious. Chief Executive Officer Elon Musk and some Shanghai officials, including Mayor Ying Yong, on Monday attended a function at a site near the city kicking off construction of what would ...

Abu Dhabi / WAM It is vital for the global community to commit to working together to address the challenges of climate change and accelerate sustainable development, UAE ministers and senior business leaders said on Monday ahead of Abu Dhabi Sustainability Week 2019 (ADSW). The event – one of the world’s largest sustainability gatherings – takes place in the UAE ...

DUBAI / WAM Dubai Customs’ Director Ahmed Mahboob Musabih and Indian Consul-General in Dubai Vipul have explored ways of enhancing trade with India and tackling any challenges that may face the companies of both countries. This was discussed during the visit of a delegation headed by Vipul and included a number of businessmen, and representatives of Dubai-based Indian companies. The ...

Dubai / WAM Emirates Integrated Telecommunications Company (EITC), announced the launch of the UAE telco sector’s first Women’s Council as part of its commitment to empowering women and, in parallel with the UAE leadership directives, to emphasise the pivotal role women have in both society and different sectors across the country. Hanan Ahmed, EITC Women’s Council Chairwoman, said, “The Women’s ...

Dubai / Emirates Business After 25 years of professional service in the region, Morison Menon has made a strategic alignment with the 12th top global accounting network Kreston International. Announcing this progression to Kreston Menon in a press conference, Raju Menon, Chairman and Managing Partner, Kreston Menon said that with this strategic movement, the organisation is all set to enhance ...

DUBAI / WAM Emirates Airlines announced a number of appointments to its commercial operations team across the Middle East, GCC and Africa, further demonstrating the airline’s commitment to strengthening its long-term commercial strategy and offer across these regions. All of the appointments bring Emirati talent into key leadership positions, either being promoted from within the organisation or through portfolio rotations, ...

HODEIDAH / WAM The Iranian-backed Houthi militias have shelled the storage depots of relief organisations in Hodeidah, leading to the destruction of food supplies and basic goods intended for the Yemeni people. Local eyewitnesses said that the militias deliberately shelled the storage depots, which are located 7 kilometres east of Hodeidah City, with the aim of covering up their looting ...

Dubai / WAM The wood industry in the UAE is expected to boom over the next two years as the country ramps up construction activities ahead of the Expo 2020 Dubai. The wood and woodworking machinery industry will be impacted from the massive construction projects being executed as part of the build-up for the Expo 2020 Dubai. The large-scale event ...

BRUSSELS / WAM The Emirates Red Crescent (ERC), will organise an exhibition, titled, “From Humanitarian Aid to Stability.” The three-day exhibition, which aims to highlight the humanitarian and development aid provided by the UAE to many countries, in coordination with the Federal National Council (FNC), will be held in Brussels starting Wednesday, at the headquarters of the European Parliament. The ...