News

Dubai / WAM The UAE Government has launched the ‘Customer Councils’ initiative, to improve the quality of government services by engaging customers in creating innovative experiences based on their insights. The move aim to align the government’s services with the customers’ aspirations and needs, and to improve the relationship with them. This, in turn, will assist easier access to the ...

Dubai / WAM Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia (Measa) region, has concluded the first edition of its ‘Finance for Youth’ programme, which gathered over 45 select Emirati finance and business students and fresh graduates for five days of insightful talks and conversations at The Academy. The Programme featured ...

Dubai / WAM The Board of Directors of the Sheikh Zayed Housing Programme has approved the names of 252 citizens who are eligible for housing support, valued at AED190 million, as part of the third and final group of 800 housing support decisions that were announced at the start of the month, on the occasion of World Population Day. The ...

Al Ain / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and Mariam Hareb Almheiri, Minister of State for Food Security, have attended the official opening of the Al Dahra BayWa Greenhouse in Al Ain. The event also welcomed Khadim Al Derai, Vice President of Al Dahra Agricultural Company; Saeed Albahri Alameri, Director-General of Abu Dhabi ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued Federal Decree-Law No. 14 of 2018 regarding the ‘Central Bank and Organisation of Financial Institutions and Activities’. The provisions of this law does not apply to the Financial Free Zones in the State and the financial institutions regulated by the authorities of those zones. On ...

ABU DHABI / WAM The Registration Authority of Abu Dhabi Global Market (ADGM), has signed a Memorandum of Understanding (MoU), with the Industrial Development Bureau (IDB), of the Abu Dhabi Department of Economic Development (DED), to support strategic industrial projects, expands the region’s industrial sector, and promote economic diversification. The agreement was signed by Khalifa bin Salem Al Mansouri, Under-Secretary ...

Bloomberg China’s government has told at least two of its state oil companies to avoid purchasing Iranian oil as the US prepares to impose sanctions on the Persian Gulf state, according to people with knowledge of the matter. The freeze on imports by China National Petroleum Corp. (CNPC) and Sinopec is temporary and purchases may resume depending on the outcome ...

Bloomberg Lawyers for Exxon Mobil Corp. stood before a New York judge and told the state’s attorney general to “put up or shut up” after spending three years investigating the company’s public disclosures about climate change, saying authorities should sue the energy giant or move on. Attorney General Barbara Underwood filed a fraud lawsuit against Exxon in state court in ...

Bloomberg Endeavor Energy Resources LP, the largest privately held oil producer in the Permian Basin, is weighing a sale after receiving takeover interest from major energy explorers, according to people familiar with the matter. Midland, Texas-based Endeavor could draw interest from suitors including Chevron Corp. and BP Plc, said the people, who asked to not be identified because the matter ...

Bloomberg China’s Tianqi Lithium Corp. cleared a major hurdle in its bid to buy a $4.1 billion stake in SQM, the world’s second-largest producer of the mineral used in electric-vehicle batteries. Chile’s constitutional court has declared inadmissible a suit questioning whether an agreement between Tianqi and Chile’s antitrust agency FNE went far enough to protect SQM’s trade secrets against its ...