News

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that sending the first Emirati astronaut to space will herald the beginning of a new era for the UAE and represents another step towards achieving the country’s vision and aspirations in the space sector. His Highness’s comment came ...

Abu Dhabi / WAM An independent national poll on nuclear energy showed that the UAE public strongly supports the use of peaceful nuclear energy, with 82 percent of residents in favour of using nuclear energy for generating electricity and 91 percent stating that peaceful nuclear energy is important for the nation. Global figures from similar polls conducted in other countries ...

Abu Dhabi / WAM The UAE is participating in the 3rd Belt and Road Summit scheduled to take place in Hong Kong on June 28. Abdullah Al Saleh, Under-Secretary for Foreign Trade Affairs at the Ministry of Economy will lead the UAE delegation that will comprise a number of top officials from federal and local entities as well as businesses ...

Abu Dhabi / WAM The UAE Cabinet adopted a decision to waive the road access day-permit fees for heavy vehicles in the country, in order to reduce the cost for operators of development projects and support the growth of infrastructure projects in various vital sectors. The move comes in line with the government’s objective to maintain sustainable development and high-quality ...

Dubai / WAM The UAE has played an important role in the negotiations that led to an agreement to combat climate change, at the International Conference of the Parties in 2015 (COP21), in Paris, where countries pledged their commitment to reduce emissions and combat climate change. “This highlights UAE’s commitment in combating climate change, and achieving the United Nations Sustainable ...

Abu Dhabi / WAM The United States and the UAE have had an exceptionally close economic relationship for many years, said Shakir Y. Farsakh, Principal Commercial Officer at the US Consulate General Dubai. In an interview with Emirates News Agency (WAM), the US Commercial Attaché added, “Investment naturally follows trade and the United States and the UAE exchanged $24 billion in ...

Bloomberg French energy utility Engie SA faces a 120 million-euro ($139 million) tax bill after the European Union said it benefited from an unfair fiscal arrangement with Luxembourg. Concluding a state-aid probe into the tax affairs of Engie, the European Commission on Wednesday said Luxembourg selectively deviated from provisions of national law to help lower the tax bill for France’s ...

Bloomberg The biggest US shale region will have to shut wells within four months because there aren’t enough pipelines to get the oil to customers, the head of one of the industry’s largest producers said. The worsening bottleneck in the Permian region that straddles west Texas and New Mexico offers an unexpected fillip to OPEC and other oil producers outside ...

Bloomberg Donald Trump’s threat to impose tariffs on another $200 billion of Chinese imports could cut as much as half a percentage point from the nation’s economic growth, according to economists. The warning comes amid signs that the world’s second biggest economy—and biggest contributor to global growth— is already slowing down as a simmering trade dispute with the US risks ...

Bloomberg In the global cotton market, India stands to be a winner amid escalating trade tensions between the US, the world’s top exporter, and China, the biggest buyer. The weak rupee makes India’s exports more appealing, and freight costs to the neighbouring Asian country can be relatively cheap, Keith Brown, the president of Keith Brown & Co., a brokerage in ...