News

KUWAIT / WAM Kuwait’s oil price rose USD 2.2 per barrel to USD 27.72 per barrel on Thursday against USD 25.52 per barrel on Wednesday, Kuwait Petroleum Corporation, KPC, said on Friday. According to Kuwait News Agency, KUNA, contracts of the Brent Blend, for the nearest delivery, fell 34 cents to USD33.94 pb, while the American crude contracts dropped 29 ...

ABU DHABI / WAM The International Petroleum Investment Company (IPIC), wholly owned by the Government of Abu Dhabi, has welcomed the new strategy announced by the Austrian’s OMV, an integrated international oil and gas company. Murtadha al-Hashemi, Chief Financial Officer, IPIC, and board member of the OMV, said that with the decline in oil prices, OMV faces difficulties, adding that ...

Dubai / Emirates Business DAMAC Properties has announced a major new project, destined to become another icon of Dubai’s real estate landscape. ‘AYKON City’ is a six tower luxury project comprising Dubai’s first all-suites, 80 storey AYKON Hotel and Residences, a 63 storey DAMAC Maison Serviced Hotel Residences, a 60 storey apartment tower, a 65 storey office tower and two ...

ABU DHABI / WAM The UAE ports are among the world’s largest ports in terms of advanced equipment, capabilities, shipping and unloading, Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority – Land and Maritime, has said. He added that the UAE has been ranked first at the Arab level and10th ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) will supply 2,000 existing and new homes from the Mohammed Bin Rashid Housing Establishment (MBRHE) project with 160,000 LED light bulbs and photovoltaic panels. The move aims to reduce the demand for energy as well as the medium and long terms costs for electricity, the plan follows the signing of a ...

SHARJAH / Emirates Business The second phase of the JEEL initiative launches its competitive Entrepreneurial Business Plan Development Training workshop. Offered by the Sharjah Business Women Council (SBWC) in collaboration with Education For Employment (EFE), the training will utilize Intel’s world-class curriculum. The training will begin on Sunday and will provide participants with 70 hours of training over a two ...

DUBAI / WAM The inventor of 3D street art, Kurt Wenner, is set to return to Dubai to participate in the second edition of Dubai Canvas Festival (DCF). The American artist whose work has been seen and loved by millions in more than 30 countries, will be creating exclusive pieces for the Festival that runs from 1st to 14th March ...

ABU DHABI / WAM Jaheziya, a Tawazun subsidiary, on Saturday appointed Dar Al-Handasah Shair and Partners as the Lead Design and Engineering Consultant on their Tawazun Safety Security and Disaster Management City (Jaheziya). The contract was officially awarded on Saturday, in presence of Ali Mohamed Musleh Al Ahbabi, the Chairman of Jaheziya. Ali Al Ahbabi in an announcement said, “Our ...

ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) has reiterated that as of 28th of February 2016, the retirement eligibility in case of resignation of the insured will become 49 years of age, provided the completion of 20 years in service. The issue was raised during a workshop hosted by Dubai Civil Aviation Authority, DCAA, in ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) has launched rehabilitation project at the University of Aden, Yemen, which includes maintenance work at five main housing buildings and their service facilities. Spread on an area of 59467 square metres, the housing complex can accommodate 1500 students from various governorates of Yemen as well as students from neighboring countries such ...