News

  ABU DHABI / WAM The UAE showcased its efforts in protecting the youth from cybercrimes during a recent meeting in Kuwait that brought together representatives of relevant authorities from other Gulf Co-operation Council members. Efforts are being made to combine the efforts of various government departments and the society in the UAE to ensure online safety and prevent abuse, ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, emphasised that endowment is a developmental tool for communities and an effective means for promoting response to various community needs. His Highness said, “What we are doing through endowment will be reflected on all developmental aspects. We want ...

  Dubai / WAM Sheikh Hasher bin Maktoum Al Maktoum, Director of Dubai’s Department of Information, opened Cabsat, the Middle East and Africa’s largest broadcast digital media and satellite expo, at Dubai World Trade Centre (DWTC). More than 13,000 media industry professionals are expected to take part in Cabsat 2017, the region’s definitive the definitive event for broadcast, satellite and entertainment ...

  Abu Dhabi / WAM The Abu Dhabi Government launched the Imagine Abu Dhabi initiative to welcome all segments of the community to suggest proposals and ideas that can support the emirate’s development. The initiative will allow the community to express its aspirations for the emirate by submitting ideas and proposals over the period of 50 days. It celebrates the Abu ...

  Abu Dhabi / WAM The Ministry of Economy (MoE) launched an interactive and smart online application to strengthen the UAE’s economic and foreign trade relations with countries across the world. The platform will provide updated information on each country in relation with the UAE alongside its economic indicators, key figures, foreign investment agreements, and joint trade committees. This will also enhance ...

  Bloomberg Chevron Corp. has signaled the end of major new LNG projects in Western Australia and is unlikely to sanction an expansion of its Gorgon and Wheatstone export developments as it focuses on boosting returns from $88 billion of investment. The climate for developing large greenfield LNG projects has shifted to smaller developments given a slump in the price ...

  Bloomberg Libya’s major oil ports of Es Sider and Ras Lanuf are resuming operations and preparing to export crude after a two-week halt in shipments due to military clashes in the holder of Africa’s largest crude reserves. Libya’s total production rose to 646,000 barrels a day from 621,000 barrels on Sunday mostly due to an increase from Waha Oil ...

  Bloomberg The success of an exchange-traded fund backed by Prime Minister Narendra Modi’s government may help boost the acceptance of such products in the world’s second-fastest growing ETF market. Investors poured 92 billion rupees ($1.4 billion), or 3.7 times the targeted amount, into a fund of the top 10 state-run companies, according to Reliance Mutual Fund, which manages the ...

  Bloomberg Global steel mills shouldn’t fret about the chances of Chinese exports torpedoing prices this year in a rerun of 2015, according to the managing director of Japan’s biggest producer of recycled steel. Strong domestic demand in China and cuts in production capacity are leading to a more balanced market, said Kiyoshi Imamura from Tokyo Steel Manufacturing Co. The ...

  Bloomberg Australia’s central bank highlighted threats in the property market and an acceleration of domestic household debt even as it lent credence to the global reflation story. “Data continued to suggest that there had been a build-up of risks associated with the housing market,” the Reserve Bank of Australia said in minutes released on Tuesday of this month’s meeting ...