Abu Dhabi / WAM Abu Dhabi’s non-oil foreign trade sector demonstrated agility and preparedness, reaching AED151.18 billion from January to September this year, despite the Covid-19 pandemic. The sector also distributed imports worth AED69.33 billion, exports worth AED55.37 billion, and re-exports worth AED26.48 billion. The General Administration of Abu Dhabi Customs continued its pioneering efforts to continue the uninterrupted flow ...

DUBAI / WAM Virgin Hyperloop made history on Monday as the first passengers successfully traveled in a Hyperloop pod. The significant investment made by Dubai-based DP World, the leading global provider of smart logistics solutions, in the research and development of hyperloop technology, has played an instrumental role in today’s milestone. Sultan Ahmed bin Sulayem, Chairman of Virgin Hyperloop and ...

Bloomberg Oil advanced near $38 a barrel and gold climbed for a third day as President-elect Joe Biden prepared to transition into White House even as Donald Trump rejected the outcome of US election. Crude futures in New York rise 2.3% and spot gold added 0.2% amid a broader rally in global stocks. The dollar extended declines. While Biden declared ...