News

Bloomberg Saudi Arabian Oil Co. is pressing ahead with an expansion of the Khurais oil field despite lower crude prices and plans to double its production of natural gas over the next 10 years, the company’s chief executive officer said. The world’s biggest oil exporter, known as Saudi Aramco, won’t cancel any oil, gas or refining projects, Amin Nasser told ...

DUBAI / WAM DP World generated a cash flow of AED 5.3 billion ($1.43 billion) as on December 31, 2015, in spite of the global economic slowdown and world trade slump. The strong cash generation is due to the Group’s ambitious expansion plan and growth of its portfolio of global terminals and business volumes, particularly in Mumbai in India and ...

ABU DHABI / WAM The Follow up Committee of the Initiatives of UAE President approved a number of infrastructural and environmental projects in implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and the follow-up of His Highness General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA) organised a conference for qualifying international developers who intend to send their proposals for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park to produce 800MW of electricity. The project will be implemented according to the Independent Power Producer (IPP) model. The conference aims to clarify details of ...

DUBAI / WAM Product volumes from the Marketing segment of Emirates National Oil Company (ENOC) grew by 10% in 2015, the company revealed at its Annual Marketing Conference 2016. “The ENOC Marketing portfolio includes a diverse portfolio of products and services, reaching customers within a variety of sectors like aviation, automotive, industry and even individual households,” said HE Saif Humaid ...

RITIKA SHARMA / EMIRATES BUSINESS If you think that for tourists the UAE is just about sun, sand and Burj-Khalifa, you are blissfully mistaken. More tourists are heading to the Emirates for other reasons than just shopping festivals and desert safaris. Wellness holiday, a comparatively expensive but alluring vacation concept is bringing more tourists to the UAE than ever before ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai Chairman of Dubai Executive Council, approved Executive Council Resolution No (8) of 2016 pertaining to the collection of fees from passengers using facilities in Dubai Airports. As per the resolution, every passenger leaving the UAE from any of Dubai’s airports, including transit passengers, will ...

DUBAI / WAM A gathering of global technology leaders at this week’s Internet of Things Expo (IoTX) at Dubai World Trade Centre (DWTC) believe a combination of hyper connectivity, supercomputing, cloud computing, smart technologies and cyber security will make the Internet of Things (IoT) sector the single largest market opportunity for global businesses by the turn of the decade. “IoT ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, on Wednesday inaugurated the new headquarters of the General Department of Forensic Science and Criminology of the Dubai Police. Sheikh Mohammed was accompanied by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved Executive Council Resolution No (8) of 2016 pertaining to the collection of fees from passengers using facilities in Dubai Airports. As per the resolution, every passenger leaving the UAE from any of Dubai’s airports, including transit ...