News

Ready to pump more oil under OPEC supply deal, says Adnoc

Agencies Abu Dhabi National Oil Company (Adnoc) said it’s ready to increase oil output in line with guidance set by OPEC and allied producers, echoing comments by Saudi Arabia that it will boost supply to meet demand. The oil giant confirmed on Tuesday that it currently has an oil production capacity of around 3.3 million bpd, and remains on track ...

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‘Focus on prevention to address root causes of conflict’

NEW YORK / WAM At a critical United Nations General Assembly meeting, the UAE reaffirmed its shared commitment to the “Responsibility to Protect.” “With the passing of time, historical memory of atrocities and crimes against humanity fades – and the significance of ‘never again’ wanes. However, we must not forget the events, actions, and inaction that led to such atrocities, ...

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Abu Dhabi to end free parking by August 18

ABU DHABI / WAM The Department of Transport (DoT), in Abu Dhabi has announced that it will fully implement Mawaqif parking in all areas in Abu Dhabi Island by August 18. The Department called upon all vehicle owners to cooperate and apply for resident parking permits before the implementation date to avoid violations. DoT said that this step comes in ...

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Dubai FDI signs deal to ease foreign investors licensing

Dubai / WAM Dubai FDI, the investment development agency of Dubai Department of Economic Development (DED), signed a Memorandum of Understanding (MoU), with VFS Global, one of the leading specialists on visa processing, identity and citizen services with presence across 139 countries to facilitate administrative processing requirements of investors, including visa and other documentation services. The partnership with VFS Global ...

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FANR discusses oversight of Barakah Nuclear Power Plant

Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (FANR), convened its third meeting in 2018 to review progress of its work programme and discuss a number of activities to further enhance its oversight of nuclear and radiation activities. During the meeting, the board discussed the International Advisory Group (IAG), recommendations related to ...

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Etihad adopts new business structure

Abu Dhabi / Emirates Business Etihad Aviation Group (EAG) on Tuesday announced a new organisational structure and operating model, effective immediately, to deliver on its mandate as it embarks on the next phase of its transformation. The reorganisation is the next step in ensuring the group is fit for purpose to prosper as a people-focused business driven by innovation, safety ...

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Entries open for oil, gas industry’s Adipec Awards 2018

Abu Dhabi / Emirates Business Entries for the oil and gas industry’s prestigious Adipec 2018 Awards are now open, with six categories focused on issues crucial to the progress and resilience of the hydrocarbons sector. Celebrating achievements across the oil and gas industry, the Adipec Awards identify the leading companies, individuals, initiatives, projects and technologies that are shaping the sector’s ...

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Implement UN resolutions to stop Israeli’s settlement expansion in Palestine: UAE

GENEVA / WAM The UAE demanded the implementation of all United Nations (UN), resolutions that call on Israel to stop its settlement expansion in occupied Palestinian areas, including in East Jerusalem. It also called on the international community to end Israel’s occupation and guarantee the legitimate rights of the Palestinian people, including the right to self-determination and establish an independent ...

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UAE’s non-oil private sector growth improves in June

Dubai / Emirates Business The state of the UAE’s non-oil private sector improved to the greatest extent in the year-to-date, buoyed by strong inflows of new business and output growth. Promotional activity helped to stimulate client demand, reflected by new order books expanding at the fastest pace since December last year. Despite companies ramping up output, backlogs of work built ...

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DLD launches new payment methods via smartphones

Dubai / Emirates Business Dubai Land Department (DLD) announced that its Finance Department activated new smart payment services through the ‘Apple Pay’ and ‘Samsung Pay’ applications. The move is aligned with the Dubai Smart Government’s strategy to support outstanding government performance based on the latest technologies. DLD introduced the service at the beginning of June and it is now in ...

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