News

Bloomberg Abu Dhabi is pushing ahead with an initial public offering for Spanish oil company Cia Espanola de Petroleos SAU, in what could be the largest such deal in a decade. The emirate’s Mubadala Investment Co. will offer a stake of at least 25 percent in Cepsa in the fourth quarter, the state-owned investor said on Monday in a statement. ...

Bloomberg The Trump administration will announce that it’s imposing a 10 percent tariff on $200 billion of Chinese goods, which Beijing has already said it will retaliate against, reports said. The rate is less than half of the 25% level the administration had initially been considering. Still, American consumers could start feeling the cost of the tariffs for everyday goods, ...

Bloomberg The Organization of Petroleum Exporting Countries (Opec) needs to keep working with other oil producers to manage global supplies as demand for crude faces ‘headwinds,’ the head of the organisation said. The historic supply deal between Saudi Arabia, Russia and other producers reached in late 2016 needs to become permanent, Mohammad Barkindo, secretary-general of the Opec, said. Oil demand ...

BUCHARES / WAM Ways of accelerating cooperation in the investment and trade sectors were the main topic of discussions at a meeting His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, had with Viorica Dancila, Romanian Prime Minister. The two sides met in the Romanian capital, Bucharest, and discussed boosting ties between the UAE and ...

DUBAI / WAM SICO BSC has been accredited to provide liquidity and act as market maker for companies listed on Dubai Financial Market (DFM). This will help create more dynamic two-way markets that will enhance the liquidity of companies listed on the exchange and result in benefits for investors and stocks of listed companies alike. The accreditation builds on SICO’s ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has decided to share, with the world, its efforts to shape the future and foresee its developments and challenges, by finding practical solutions that will improve the quality of peoples’ lives and match the level of social expectations. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed that Arab youth are the cornerstone to building and advancing societies via their innovative potential and creative energies across various sectors, creating a brighter future for communities in the region. His Highness’ remarks came during a meeting ...

Abu Dhabi / WAM Dr Amal Abdullah Al Qubaisi, Speaker of the Federal National Council (FNC), will chair an FNC delegation that will participate in the 2nd Euro-Asian Women Forum, which will be held in Saint Petersburg, Russia, from September 19-21. The forum is being organised by the Federal Assembly of the Russian Federation and the Parliamentary Assembly of State ...

Abu Dhabi / WAM The UAE has formed ‘Air Transport Infrastructure Quality Board’ chaired by Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA). The decision was taken at the first meeting of the Infrastructure Quality Council of the authority, which was attended by several UAE aviation decision makers and the Federal ...

Dubai / WAM Following the three-day C40 Steering Committee meeting in San Francisco, USA, Abdulla Mohammad Al Basti, Secretary-General of the Executive Council of Dubai, reaffirmed that Dubai continues to expend efforts in dealing with climate change issues and minimising waste and green-house gas emissions by innovating solutions that forestall future challenges. This comes in line with the vision of ...