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Sheikh Mohamed, Oman’s Sultan meet to bolster ties, collaboration

  Muscat / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with His Majesty Sultan Haitham bin Tariq, the Sultan of Oman, at Al Alam Palace in the Omani capital, Muscat. During the meeting on the first day of the UAE President’s state visit to the Sultanate of Oman, the two leaders spoke of the historical ...

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Dubai has become a global centre for green economy

  Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, inaugurated the 24th Water, Energy, Technology and Environment Exhibition (Wetex) and Dubai Solar Show (DSS). Wetex & DSS is organised by Dubai Electricity and Water Authority (Dewa) under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice ...

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DP World donates $2.5mn for flood victims in Pakistan

  Dubai / WAM DP World Chairman and CEO Sultan Ahmed Bin Sulayem visited Pakistan last week, where he pledged logistics support and donated $2.5 million to help people in the south of the country following the recent devastating floods. After visiting flood-affected areas, the Chairman met with Pakistan’s President Arif Alvi and Chief of Army Staff General Qamar Javed ...

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Etihad Credit Insurance sets up new office in Sharjah

  Sharjah / WAM Etihad Credit Insurance (ECI) has established its new representative office in Sharjah to boost the country’s economic diversification programmes and support its export, re-export, and foreign investment to increase the non-oil trade contribution to the national GDP. The launching of the new representative office is aimed at expanding ECI’s reach in the northern emirate with the ...

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Zelenskiy says situation in Donetsk ‘most tense’

Bloomberg President Volodymyr Zelenskiy said the current focus of the war is Donetsk, describing the heavily industrial eastern region as the “primary target” for both Ukraine and invading Russian forces. The situation in Donetsk is “especially tense,” Zelenskiy said in his nightly address. In a separate tweet, he urged the international community to step up pressure on Russia with sanctions ...

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Safeen Feeders, Invictus launch new dry bulk shipping service

  ABU DHABI / WAM AD Ports group’s Safeen Feeders has announced the signing of a major agreement with Invictus Investment to launch a new international dry bulk shipping service. Under the terms of the agreement, the two companies will purchase ships through Special Purpose Vehicles, owned 85% by Safeen Feeders and 15% by Invictus Investment. In addition, Safeen Feeders ...

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UAE and Oman a shared history and solid ties: Report

  ABU DHABI / WAM The United Arab Emirates and the Sultanate of Oman relations are deep-rooted based on historical ties, social rapprochement, and the aspirations of the two countries’ leadership to foster their cooperation further to ensure continuous development of their inter-relationships for the benefit of the two brotherly peoples. The two countries have close relations at various levels ...

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UAE, Egypt to enhance military cooperation

  ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received on Monday, Lieutenant-General Mohammed Zaki, Commander-in-Chief of the Egyptian Armed Forces and Egypt’s Minister of Defense and Military Production, during his official visit to the UAE. The visit is part of the ongoing cooperation between the two countries with the aim of discussing ...

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Oil falls as ‘wrecking ball’ dollar piles on commodity losses

  Bloomberg Oil reversed course as the dollar shed some of its strength and risk-on sentiment lifted equity markets. The global oil benchmark rose 1% to trade near $87 a barrel on Monday. Earlier, Brent slipped below $85 a barrel and West Texas Intermediate falls below $80 as the dollar hit an all-time high, which makes commodities priced in the ...

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Meloni strikes moderate tone after Italy vote win

Bloomberg Giorgia Meloni struck a conciliatory tone after her election win, pledging to govern for all Italians as she was poised to lead the country’s most right-wing government since World War II. Meloni’s coalition, which includes Matteo Salvini’s League and Silvio Berlusconi’s Forza Italia parties, was credited with about 44% of votes in Sunday’s elections, according to preliminary results from ...

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