News

Dubai / WAM Dubai Customs carried out 2.329 million customs transactions during the first quarter (Q1) of 2017 compared to 2.241 million customs transactions in the same period in 2016. This reflects a healthy continuity of growth and a better performance of external non-oil trade sectors. The growth supports the diverse national economy and helps the UAE better advance towards ...

Abu Dhabi / WAM In celebration of International Museum Day on May 18, the Abu Dhabi Tourism and Culture Authority, TCA Abu Dhabi, is inviting visitors to experience Al Ain’s past through a free cultural programme from May 16-18, to evoke the history of museums in Abu Dhabi and uncover the link to their future. The ‘Museums by Night’ programme ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received on Saturday President Mauricio Macri of Argentina at Zabeel Palace. While welcoming the President of Argentina and his accompanying delegation, His Highness Sheikh Mohammed bin Rashid stressed that such mutual visits between officials of the UAE and Argentine ...

Beijing / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State met Zhang Yesui, Vice Minister of Foreign Affairs of the People’s Republic of China, in Beijing on Saturday. The meeting took place during Dr. Al Jaber ’s official visit to China to attend the Belt and Road Forum for International Cooperation, in Beijing. The ministers discussed the ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), has concluded its first roadshow in New York City. Accompanied by a number of its listed companies, the officials from the exchange hosted meetings with around 50 institutional investors from various asset management companies and hedge funds whose assets under management are around US$ 7 trillion. The roadshow was designed to ...

Abu Dhabi / WAM Abu Dhabi Quality and Conformity Council (QCC) released an updated edition of the Infrastructure Standards Guidelines (ISGL) for the emirate of Abu Dhabi, following its approval by the Infrastructure and Environment Committee of Abu Dhabi Executive Council. The updated ISGL will serve as a comprehensive guide to all entities concerned with infrastructure development in Abu Dhabi. The ...

Bloomberg America’s shale gas could soon head to China under long-term contracts for the first time, bolstered by a new trade deal that may not even change existing rules. Cheniere Energy Inc., the first exporter of natural gas from the lower 48 states, sees the agreement as “amplifying and accelerating conversations about new long-term contracts” with China, said Eben Burnham-Snyder, ...

MOSCOW / Reuters Russian state oil firm Rosneft is struggling to close its $12.9 billion acquisition of India’s Essar Oil Ltd because six of Essar’s Indian creditors have yet to approve the deal, sources close to the talks said. The state-run banks and financial institutions that are delaying Rosneft’s biggest foreign acquisition hold about $500 million of Essar’s debt, five ...

CAIRO / Reuters The International Monetary Fund said it had reached a staff-level agreement with Egypt on a second loan instalment that would make available about $1.25 billion. The IMF approved a $12-billion, three-year loan programme to Egypt in November and paid out $2.75 billion of the first $4 billion tranche of the loan. An IMF team was in Cairo ...

Bloomberg India’s potential plan to sell only electric cars by the end of next decade would require nearly eight times the global stock of such vehicles, according to the International Energy Agency. The country would need to sell more than 10 million electric cars in 2030, compared with the almost 1.3 million on the road worldwide in 2015, the agency ...