News

Sharjah / WAM In a groundbreaking achievement for the UAE, Sharjah has been named a ‘Child- Friendly City’ (CFC), by the United Nations Children’s Fund (UNICEF), in recognition of its outstanding efforts and accomplishments in the protection and promotion of children’s rights. The accolade comes just three years after the emirate was named ‘Baby-Friendly City’ by the UN and World ...

DUBAI / WAM The Dubai Business Women Council (DBWC), received a delegation from the University Leadership Consortium (ULC), to discuss coordinating joint efforts and exchange skills and expertise. This came during a meeting at the Dubai Chamber of Commerce and Industry headquarters, which was attended by Dr Raja Al Gurg, President of the DBWC, and a number of board members ...

Dubai / WAM Passenger traffic at the Dubai International (DXB), grew year on year by 4.5 percent, after 7.85 million passengers travelled through the airport during the month of March. Taking into consideration the Easter holiday period, passenger figures climbed from 7,511,431 during the same period in 2017, to 7,852,501 in March of this year. Overall passenger numbers are up ...

Harvard / WAM Jebel Ali Free Zone, the region’s premier business and logistics hub is showcasing its auto sector capabilities at the 16th Automechanika Dubai show, which opened at the Dubai World Trade Centre (DWTC) on Tuesday. Jafza has reinforced its position as the location of choice for the industry handling over a fifth of Dubai’s total automotive trade worth ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), launched its pre-summer awareness campaign, ‘Steps to Cooler Summer’, aiming to prepare the customers, by providing best practices and ways, to reduce district cooling consumption during the upcoming summer season. The campaign will help reduce the energy consumption cost of customers, and ensures customer happiness by providing the best and most ...

Abu Dhabi / Emirates Business The Fikra Labs Acceleration Programme, a new concept to drive innovation and foster entrepreneurship in the Abu Dhabi travel and tourism sector, concluded its four-week acceleration programme with the announcement of the four winning MENA start-ups. The winning start-ups that were awarded the coveted investment opportunity included Tapklik Technologies mentored by DCT Abu Dhabi, ViaFone ...

Bloomberg Rosneft PJSC plans to start a $2 billion share buyback this year, while also cutting spending and debt. The state-run producer, which pumps more than 40 percent of Russia’s crude, has already signalled a shift towards more efficient “organic” growth, ending years of deal-driven expansion that made it the country’s most indebted company. The latest announcement could boost Rosneft’s ...

Bloomberg OPEC continues to over-deliver on its production cuts, with output falling further last month as the group nears its goal of rebalancing the oil market. The cartel pumped 31.93 million barrels a day, down from a revised 31.97 million in March, a Bloomberg News survey of analysts, oil companies and ship-tracking data found. OPEC and a group of non-OPEC ...

Bloomberg Britain is so cold it’s keeping more of the natural gas it produces and imports for itself. Over the past month, UK gas exports have repeatedly plumbed the lowest levels in at least a decade for this time of the year. Usually, with winter past and heating demand subsiding, Britain would have ample supplies to ship to the continent. ...

Bloomberg The Trump administration sought to temper expectations for a swift breakthrough on trade issues with China as a delegation of senior US officials prepares to visit Beijing this week. “It’s a big, big challenge. There’s a very different system over there and it’s a system that in all honesty has probably worked pretty well for the Chinese,” Trade Representative ...