News

Abu Dhabi / WAM The Department of Energy (DoE) – Abu Dhabi has adopted the “Business Continuity Policy” for the energy sector with the aim of enhancing performance and ensure a safe and sustainable supply in the energy sector. The move is part of the Department’s efforts to increase preparedness among entities operating within the energy sector to deal with ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has announced the ‘Fifty-Year Charter’ which promises to improve all aspects of life in Dubai in 2019. “This is a charter that represents our pledge and promise towards enhancing the life of people in Dubai in 2019. A new ...

Dubai / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Cabinet Member and Minister of Infrastructure Development, opened on Sunday ArabPlast 2019, the biggest plastics, petrochemicals and rubber industry exhibition in the Middle East and North Africa (Mena), region, at the Dubai International Convention and Exhibition Centre. This edition of ArabPlast witnessed the presence of more than 900 companies from ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued Federal Decrees on the appointment, promotion and transfer of a number of UAE Ambassadors accredited to foreign countries. The Decrees were published in the latest edition of the Federal Official Gazette and stipulate the transfer of Mohammad Salem Al Rashidi, UAE Ambassador to Senegal, and his ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa), made a new world record by reducing losses in its water networks to 6.6 percent, compared to 15 per cent in North America, making it one of the lowest in the world. The new achievement shows how Dubai Government organisations are surpassing their global counterparts. “At Dewa, we work to further ...

DUBAI / WAM The Commercial Compliance and Consumer Protection (CCCP) sector in the Department of Economic Development (DED) announced an automatic settlement facility for traders eligible for 50% reduction on commercial fines. The announcement is in line with the declaration of 2019 as the Year of Tolerance by President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The 50% reduction ...

Bloomberg With brand-name drillers unwilling to jump in, Venezuela is resorting to a newly formed US company for help in shoring up production from its crude reserves, the largest in the world. Schlumberger Ltd and Halliburton Co, the world’s biggest oil-service providers, have announced over $2 billion in combined write-offs for unpaid bills in Venezuela since the second quarter of ...

Bloomberg Jobs in the Texas oil patch dropped for the first time in almost two years, according to the state’s workforce commission. The number of workers handling exploration and drilling duties fell by 500 to 247,700 in November 2018 compared with the previous month, according to the latest data from the Texas Workforce Commission. Snapping a streak of 23 months ...

Bloomberg Brent crude surged to its best weekly gain in more than two years, as encouraging economic news out of the US helped oil markets turn the page on 2018’s price collapse. The global benchmark closed higher, ending the week up 9.3 percent for its best showing since December 2016. Oil rallied alongside the US stock market following a strong ...

Bloomberg India’s economy grew at a faster pace than most major nations in 2018, and this year, it’s poised to overtake the UK to become the world’s fifth-biggest. But that journey won’t be smooth. The outcome of a general election due by May is a potential pitfall for a nation already battered by emerging market turmoil and a currency rout ...