News

ABU DHABI / WAM The joint ‘Iron Magic 18’ military exercise between the UAE Armed Forces and the US forces has started in the UAE. It is part of the joint military exercises conducted by the UAE Armed Forces throughout the year with the forces of fraternal and friendly countries in order to raise combat efficie- ncy, gain more field ...

DUBAI / WAM Lt. General Dahi Khalfan Tamim, Deputy Chairman of Police and Public Security in Dubai, and Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) witnessed the signing of a Memorandum of Understanding (MoU) on protecting the safety of transport sector, its users, and facilities in Dubai. Nasir Hamad ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT) is leading a tourism delegation to Shanghai this month as part of a new initiative to encourage even more visitors from China to explore the emirate. China is currently the largest international source market for hotel guests staying in Abu Dhabi, with more than 242,000 Chinese ...

AJMAN / WAM Abdullah Saeed Al Nuaimi, Ajman Chamber of Commerce and Industry Board of Directors Member, met with Fernando Luis Lemos Igreja, Ambassador of Brazil to the UAE, where they discussed ways to enhance and consolidate economic relations between the two sides. Al Nuaimi praised the economic cooperation between the UAE and Brazil, pointing out that the growth of ...

DUBAI / WAM The Dubai Free Zones Council and the Federal Tax Authority have organised an informative workshop on Value-Added Tax (VAT) that will be implemented in the UAE starting from 2018. The event drew the participation of more than 70 representatives of companies operating across Dubai’s various free zones. With the aim of helping free zone entities fulfil their ...

DUBAI / WAM Foreign direct investment (FDI) inflows to West African countries increased 12 percent to $11.4 billion in 2016, supported by recovering investment in Nigeria, a recent analysis conducted by the Dubai Chamber of Commerce and Industry revealed. The analysis, based on data from United Nations Conference on Trade and Development, UNCTAD, was released by the Chamber as it ...

MOSCOW / LONDON / Reuters Russia’s biggest oil company, Rosneft, has agreed to take control of Iraqi Kurdistan’s main oil pipeline, boosting its investment in the autonomous region to $3.5 billion despite Baghdad’s military action sparked by a Kurdish vote for independence. The move appears to be part of a strategy by President Vladimir Putin to boost Moscow’s Middle Eastern ...

BAGHDAD / Reuters The global oil market is improving and stabilising, Saudi Oil Minister Khalid al-Falih said in Baghdad on Saturday. In a speech at the opening of the Baghdad International Exhibition, Falih praised the cooperation between Iraq and Saudi Arabia, which he said had helped to boost global oil prices. Speaking later to reporters, he said Saudi Arabia and ...

LONDON / Reuters Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC’s secretary general said, with the potential for continuat- ion throughout 2018 forming a basis for talks. The Organization of the Petroleum Exporting Countries, plus Russia and nine other producers, are cutting oil output by about 1.8 million barrels per day (bpd) until ...

KHOBAR / Reuters National oil firm Saudi Aramco plans to set up a construction company with local and international partners to build non-oil infrastructure in Saudi Arabia, industry sources familiar with the plan said. Saudi and foreign companies have expressed interest in the project, and will form consortiums which apply to take part at a later date, one of the ...