News

  Abu Dhabi / WAM The Mother of the Nation Festival (Motn) will return with more action, shopping and mouth-watering cuisine from December 23 to January 1. The festival is returning by popular demand, to kick off the festive season in style on the Abu Dhabi Corniche. With new and exciting entertainment in store, visitors can expect more fun, more ...

Bloomberg Oil rallied to the highest since early December as US crude inventories decline more than anticipated. West Texas Intermediate futures for February delivery edged above $78 a barrel. US crude stockpiles fall 5.90 million barrels last week, according to an Energy Information Administration (EIA) report on Wednesday. Trading volumes have generally been below average this week ahead of the ...

Abu Dhabi / WAM Abu Dhabi Department of Energy (DoE) has launched a consumer protection policy to protect the interests of energy and water consumers in the emirate. The policy outlines a regulatory framework and assigns roles and responsibilities to companies that supply energy, water, sewerage, and district cooling services in the emirate. The aim of the new consumer protection ...

  Rabat / WAM During an official visit to Morocco, Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, met with Aziz Akhannouch, Prime Minister of Morocco, and several ministers from the Moroccan government. The meeting was attended by Al Asri Saeed Ahmed Al Dhaheri, UAE ambassador to Morocco. At the beginning of the meeting, Dr Sultan Ahmed ...

  Dubai / WAM DP World and the Saudi Arabia-based Hassana Investment Company (Hassana), the investment manager for the General Organisation for Social Insurance (Gosi), which owns one of the world’s largest pension funds, announced on Wednesday an investment of approximately $2.4 billion (AED8.82 billion) in three of DP World’s flagship UAE assets. This sale of a strategic minority stake ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company (Mubadala) on Wednesday announced a transaction involving OMV AG (OMV), a global energy and chemicals group, headquartered and listed in Vienna, Austria. Under the agreement, Adnoc will acquire a 24.9% shareholding in OMV from Mubadala. Financial details of the transaction are not being disclosed. Upon ...

Abu Dhabi / WAM The Mother of the Nation Festival (Motn) will return with more action, shopping and mouth-watering cuisine from December 23 to January 1. The Motn festival is returning by popular demand, to kick off the festive season in style on the Abu Dhabi Corniche. The region’s ultimate entertainment event will reopen following its wildly popular 10-day run ...

  Dubai / Gulf Time Al Abbas Group, UAE’s leading business conglomerate held their annual AAG Excellence Awards 2021-22. AAG Excellence Awards is an annual event organised by the Al Abbas Group to recognise and reward employees, across the group, for their performances in various categories. The third edition of AAG Excellence Awards was a glittering event attended by Ebrahim ...

  KATHMANDU / WAM Abdulla Al Shamsi presented his credentials as the UAE ambassador to Nepal to President Bidhya Devi Bhandari of Nepal, at the presidential palace in the capital, Kathmandu. During the meeting, Al Shamsi conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

  Dubai / WAM Moro Hub, a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority (PJSC), has signed a Managed Service Provider Agreement (MSP) with F5 – a multi-cloud application security and delivery company committed to bringing a better digital world to life. The new partnership entails ensuring that Moro Hub’s customers across the region ...