DUBAI / WAM New export markets and projects being launched ahead of Expo 2020 Dubai are energising economic activity in Dubai, particularly in the trading and construction sectors and businesses are confident of improved outcomes in the months ahead. The quarterly survey of the Dubai Economy shows Composite Business Confidence Index (BCI), in the emirate improving by 2.2 points to ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), announced that 78 of the total 94 entries submitted to the Pitch@Palace UAE will compete in the competition’s third edition to win the title of the most innovative technological project. Of the total number of competing entries, 44 participating projects will be featured at the “On Tour” event in ...

ABYAN / WAM As part of the UAE’s urgent response campaign launched during the month of September in the Yemeni governorates of Aden, Lahij and Abyan, the country has dispatched a shipment of food supplements to alleviate the suffering of Yemeni people. The Emirates Red Crescent (ERC), supervised the distribution of the aid which is part of the UAE’s series ...

Abu Dhabi / WAM A blockchain tech executive has said that the UAE government is moving forward in the energy transition sphere. “We’ve been here for two days now at the Congress, and there’s a number of different categories within the blockchain and energy space that are really quite exciting,” said Sandro Ro, CEO of the Global Blockchain Business Council ...

Abu Dhabi / WAM The Abu Dhabi Future Energy Company (Masdar), a subsidiary of the Mubadala Investment Company, and French low-carbon electricity leader (EDF), have signed an agreement to establish a 50:50 joint venture energy services company (ESCO), in order to expand into non-utility scale renewables and energy-efficiency investments in the UAE, GCC region and other emerging countries. These would ...

Dubai / WAM As part of its strategy to provide market participants with smart and efficient solutions in line with the leadership’s digital transformation vision, the Dubai Financial Market (DFM), on Wednesday launched the “myAccount” service, an electronic account that enables investors to seamlessly transfer dividend amounts to their iVESTOR Card accounts, bank accounts, as well as to pay for ...

Abu Dhabi / WAM Driving change for sustainable energy, the use of technology and the future of oil were among the key topics discussed as day two of the 24th World Energy Congress focused on the business outlook of the industry. The most critical issues continued to be addressed in Abu Dhabi as thousands of people including ministers and delegates ...

Bloomberg The man in charge of Norway’s trade policies is sanguine about the prospects of the country’s largest export destination potentially leaving the European Union without a deal. Torbjorn Roe Isaksen, Norway’s Trade and Industry Minister, is this week meeting with colleagues in London to discuss trade in the run-up to Brexit and sketch the framework for a permanent agreement ...

Bloomberg The world will probably need more power from natural gas in the coming decades than previously thought because low electricity prices during the day could limit the rise in solar plants. The cleanest fossil fuel’s share of the primary energy mix in 2050 will be as much as 29%, according to a report by energy and maritime risk services ...

Bloomberg Chinese electric-car sales fell for a second straight month after the government scaled back subsidies, the latest sign that one of the final pillars of strength in the world’s largest automobile market is crumbling. Sales of new energy vehicles — all-electric, fuel-celled autos and plugin hybrids — declined 16 percent from a year earlier to 85,000 units in August, ...