News

Dubai / Emirates Business The United Arab Emirates (UAE) has ranked in the top 10 countries globally for online searches of the term “how to start a business in…”, according to a recent report from SEMrush, the leading online digital marketing suite. Far out-ranking all other countries in the wider Middle East region, the UAE claimed a lofty 9th position ...

Abu Dhabi / Emirates Business Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and the Beijing Financial Street Services Bureau concluded a Memorandum of Understanding (MoU) in Beijing, capital of the People’s Republic of China. The MoU was signed by Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority (FSRA) of ADGM, and Li ...

Abu Dhabi / Emirates Business Etihad Airways has partnered with Farelogix Inc. to enhance its merchandising and distribution capabilities. The deployment of new generation technology from Farelogix will enable Etihad to provide unique, customised offers to its guests, and strengthen its position as the ‘airline of choices’. Etihad’s strategy will focus on broadening ancillary offerings to customers, allowing for more ...

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 ...