DUBAI / WAM Tecom Group, the creator of specialised business districts and vibrant communities, on Thursday announced it has entered into a new five-year AED7.6 billion unsecured loan facility replacing the existing partially utilised term loan of AED7.6 billion. The facility will have a positive impact on the company’s cash flow profile while providing it with the funds to execute ...

NEW YORK / WAM The United Nations Security Council on Thursday adopted a historic resolution, co-penned by the United Arab Emirates (UAE) and the United Kingdom, on tolerance and international peace and security that recognises for the first time that hate speech and extremism can contribute to the outbreak, escalation, and recurrence of conflict. “The UN Charter enshrines our collective ...

VIENNA / WAM Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (Opec), and Japan Parliamentary Vice-Minister for Foreign Affairs Kei Takagi, discussed the current global energy supplies and future prospects for oil markets. During their meeting at Opec’s headquarters in Vienna, the two sides reviewed the expectations of global demand, highlighting the significance of establishing a ...