News

Dubai / WAM The Dubai Municipality developed its ‘Wastenizer’ project, which transports and processes waste to generate energy, as its proposal for the Dubai 10X Initiative – an ambitious venture overseen by the Dubai Future Foundation (DFF). The system transforms the city’s solid waste into a source of energy by using artificial intelligence and without resorting to traditional means of ...

Abu Dhabi / WAM South Korea’s President Moon Jae-in on Saturday expressed the hope for further development of links between his country and the UAE, saying that he was committed “to deepening and strengthening bilateral relations, based on mutual trust.” President Moon, who arrived in the UAE capital of Abu Dhabi earlier on Saturday, on his first visit to the ...

DUBAI / Emirates Business Abu Dhabi Ports inked a new agreement with the China Council for the Promotion of International Trade to explore new commercial opportunities between Chinese companies interested in investing in Khalifa Industrial Zone Abu Dhabi (KIZAD) and Khalifa Port Free Trade Zone (KPFTZ), which is considered the largest free trade zone in the region. The Memorandum of ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), has commenced the construction of the Sheikha Fatima Maternity and Childhood Hospital in Mauritanian capital, Nouakchott, at a total cost of AED 2 million provided by the Fund for Refugee Women. The Fund – launched by HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the ...

Dubai / Emirates Business Following the success of ‘Day without Service Centers’ initiated by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and launched by the Department of Finance in October 2017, Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), has rolled out ...

DUBAI / Emirates Business During the Global Alliance for Building and Construction (GABC) Assembly, Dubai Land Department (DLD) was awarded membership to assembly’s executive committee along with prestigious international organisations from five other countries. The GABC Assembly was hosted by DLD and inaugurated by  Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, in presence of Sultan ...

DUBAI / Emirates Business Gulf Craft, in conjunction with its exclusive Australian Dealer, Australian superyachts, is pleased to announce the delivery of the Majesty 100 M/Y ONEWORLD to an experienced Australian yacht owner. ‘Oneworld’ is fully customized for commercial charters in Australia and will soon commence operations on the East Coast of Australia with Oneworld Charters. Notis Menelaou, VP of ...

WASHINGTON / Reuters OPEC members will need to continue coordinating with Russia and other non-OPEC oil-producing countries on supply curbs in 2019 to reduce global oil inventories to desired levels, Saudi Arabian Energy Minister Khalid al-Falih said. OPEC and non-OPEC countries struck a production supply agreement in January 2017 to remove 1.8 million barrels per day from global markets and ...

LONDON / Reuters Asian spot liquefied natural gas (LNG) prices fell for a third week as above-average temperatures softened demand across North Asia and top consumer Japan resumed output from a long-shut nuclear reactor. Spot prices for May delivery slipped to about $7.10 per million British thermal units (mmBtu), 60 cents below last week’s levels, said several trade sources surveyed ...

LONDON / Reuters Oil exports from southern Iraq have fallen by 70,000 barrels per day (bpd) this month, according to shipping data and an industry source, suggesting OPEC’s second-largest producer is heading for a third month of lower shipments. Southern Iraqi exports in the first 21 days of March averaged about 3.36 million bpd, compared to 3.43 million bpd in ...