News

ABU DHABI / WAM Archaeologists from the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) are continuing to make spectacular discoveries that shed new light on the history of the UAE at the dawn of Islam. This was a period of time which ushered in a wave of change across the UAE. The new religion brought with ...

Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), discussed enhancing cooperation with Korean companies with Chun Young Wook, Consul General of Korea to Dubai, and Youngsoo Kim, Consul at the Consulate General of the Republic of Korea in Dubai, at DEWA’s headquarters. The meeting was attended by Waleed Salman, Executive Vice ...

HODEIDAH / WAM Lt. General Hamad Mohammed Thani Al Rumaithi, Chief of Staff of the UAE Armed Forces, on Saturday, paid an inspection visit to units of the UAE Armed Forces participating in the operation for the liberation of Hodeidah. Accompanied by a group of senior army officers, Lt. General Al Rumaithi inspected the sites of the troops and the ...

Abu Dhabi / WAM An elite list of international human rights activists, representatives of civil society forces, non-governmental organisations, and experts on international humanitarian law and international law will gather in Abu Dhabi on Sunday, September 9, for an international symposium to present an analytical, objective and critical reading to the United Nations, UN, report released last week by the ...

Bloomberg The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest oil field. The state’s previous record was $40,001 an acre set in December, according to a statement by the US Department of the Interior. Overall, the ...

Bloomberg Mexico’s next president said he will continue with tenders for drilling service contracts starting when he takes office. “We are preparing the rescue plan for the oil industry that will consist of producing more crude oil soon, and we will need these companies that have experience, most of them national companies,” President-elect Andres Manuel Lopez Obrador said. “We are ...

Bloomberg The vibrations of the shale boom are now shaking the futures market. A visible decline in open interest of West Texas Intermediate crude futures contracts for delivery five or more years in the future is due to the growth of tight oil fields and the shift in producers’ need to hedge oil so far out in the future, according ...

Bloomberg Singapore’s Grab outlined ambitious fundraising plans and predicted that sales will double next year, adding to evidence that Southeast Asia’s most valuable startup is expanding well beyond its roots as a ride-haling app while intensifying a rivalry with Indonesia’s Go-Jek. Revenue will double to $2 billion in 2019 as it integrates the acquisition of Uber Technologies Inc.’s regional business ...

Bloomberg Reliance Industries Ltd.’s recent gains are helping one of India’s most-valuable companies catch up with the benchmark index, which it had trailed for much of the past decade. At close of trading this week, the company’s shares had surged 135 percent since it launched telecom services in 2016, nearly four times the advance in the S&P BSE Sensex, making ...

Bloomberg Singapore will continue monitoring risks of cybersecurity breaches and data hacks as those threats won’t go away, a senior government official said. Risks need to be managed but won’t prevent the government from building the city state into a technology-advanced one under its “Smart Nation” plan, Janil Puthucheary, senior minister of state for communications and information, said at Bloomberg’s ...