News

Bloomberg Oil will rise back above $100 a barrel this year and may face a serious supply problem in 2024 as spare production capacity runs out, according to Goldman Sachs Group Inc. With sanctions likely to cause Russian oil exports to drop and Chinese demand expected to recover as the country ends its Covid Zero policy, prices will rise above ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolences to President of Pakistan, Arif Alvi, over the death of Former President Pervez Musharraf. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has dispatched similar cable of condolences to ...

Dubai / WAM Dubai received 14.36 million international overnight visitors in 2022, growing 97 per cent YoY from the 7.28 million tourist arrivals in 2021, according to the latest data published by Dubai’s Department of Economy and Tourism (DET). The growth, which enabled the emirate to surpass global and regional tourism recovery levels, contributes to the goal of the Dubai ...

  Dubai / WAM Dubai Customs and Dubai Chambers discussed cooperation to support businesses and the private sector and enhance the emirate’s competitiveness following Dubai’s strategic plans and vision. These were the highlights of the meeting between Ahmed Mahboob Musabih, Director-General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation and Dubai Chambers’ delegation headed by Mohammad Ali ...

  Sharjah / WAM The Expo Centre Sharjah has made a noteworthy appearance at the 2023 Global CEO Summit, hosted by the prestigious Global Association of the Exhibition Industry (UFI). The summit, held in Lisbon, Portugal, brought together more than 100 influential CEOs, executives, and directors from the exhibitions and conferences industry globally. Saif Mohammed Al Midfa, CEO of Expo ...

Sharjah / WAM Sharjah Electricity, Water and Gas Authority (Sewa) implemented many development projects in Khorfakkan city in 2022, as it implemented 36 sub-distribution stations, in addition to the completion of 80 percent of the main distribution station 11/33 kV (Al Haray Station No. 3) with a total capacity of 60 MVA, which feeds 502 residential plots of land in ...

  Sharjah / WAM Sheikha Bodour Al Qasimi, the newly appointed President of the American University of Sharjah (AUS), was welcomed for her first official visit earlier this week to the 25-year-old centre of excellence, a leading academic institution in the Gulf region and beyond. Sheikha Bodour’s appointment to the position of President of AUS was announced in an Emiri ...

  Abu Dhabi / WAM The Global Tolerance and Human Fraternity Summit, organised by the Ministry of Tolerance and Coexistence and the Council of Muslim Elders in Abu Dhabi kicks off on Monday. The two-day summit will be organised under the patronage and presence of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, in the presence of ...

  Sharjah / WAM Sharjah Economic Development Department (SEDD) received a delegation from “Matajer”, one of the most important commercial shopping groups affiliated with Sharjah Holding Company, which was established under a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management. This comes within SEDD’s interest to strengthen partnerships with leading companies in the field of retail trade ...

  Sharjah / WAM The Expo Centre Sharjah has made a noteworthy appearance at the 2023 Global CEO Summit, hosted by the prestigious Global Association of the Exhibition Industry (UFI). The summit, held in Lisbon, Portugal, brought together more than 100 influential CEOs, executives, and directors from the exhibitions and conferences industry globally. Saif Mohammed Al Midfa, CEO of Expo ...