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ABU DHABI / WAM The United Arab Emirates announced on Monday the discovery of 80 trillion standard cubic feet (TSCF), of shallow gas resources in place within the area between Saih Al Sidirah and Jebel Ali in the Emirates of Abu Dhabi and Dubai respectively. This new discovery reinforces the nation’s goal of achieving gas self-sufficiency, enabling major development projects ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, honoured the winners of the second Emiratisation Award at the Emirates Palace. The ceremony was attended by HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, and HH ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has said that promoting environmental protection requires achieving a balance between economic and social growth, protecting the environment and ensuring the sustainability of its natural resources, noting that the leadership will stay the course laid by the nation’s Founding Father Sheikh Zayed bin Sultan Al Nahyan to ...

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) honoured its strategic partners and various business leaders, on the sidelines of the 14th Ambassadors and Heads of Diplomatic Missions Forum, in the presence of Ahmed Ali Al Sayegh, Minister of State. At the start of the event, which aimed to appreciate the efforts of the honourees ...

Bloomberg A momentous, if anticlimactic, few days lie ahead in Washington as the Senate hears closing arguments in President Donald Trump’s impeachment trial, then holds two days of debate before voting for an all-but-guaranteed acquittal. In between, Democrats in Iowa’s caucuses took the first step on Monday towards choosing the candidate who’ll run against Trump in November. And on Tuesday ...

Bloomberg China said the US “inappropriately overreacted” to the deadly virus that originated there and hasn’t provided much help to counter the outbreak, disputing the Trump administration’s claim that it offered assistance. “The US government hasn’t provided any substantial assistance to us, but it was the first to evacuate personnel from its consulate in Wuhan, the first to suggest partial ...

Bloomberg The hits just keep coming for Hong Kong. In 2019, there was the escalating US-China trade war, which squeezed exports. Then came violent protests beginning mid-year, with street-fighting between police and protesters driving away tourists and shoppers, hurting the services industries, and tipping the economy into its first contraction in a decade. Now, with advance figures on Monday confirming ...

Bloomberg The Brexit battle between the UK and the European Union (EU) resumed as British leader Boris Johnson clashed with the bloc’s chief negotiator Michel Barnier at the start of 11 months of talks on a future trade deal. The pound fell. Barnier said in Brussels that a “highly ambitious” trade deal is on offer for the UK — but ...

Bloomberg Chancellor Angela Merkel’s efforts to rule out a ban on Huawei Technologies Co have hit a wall of resistance in parliament. While the UK and the European Union introduced policies that allow Huawei’s partial participation in next-generation wireless networks, Merkel has failed to forge a compromise with hard-line lawmakers in her Christian Democratic-led bloc who want to ban China’s ...

Bloomberg UK manufacturing output unexpectedly avoided a contraction for the first time since April at the start of 2020, providing further evidence that ebbing political uncertainty is supporting the economy. IHS Markit said its Purchasing Managers Index for the sector climbed to 50 in January, right at the level that separates contraction from expansion. That’s also an improvement from an ...