DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, chaired the 71st meeting held virtually, with the participation of Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy. The meeting was attended by Ahmed Buti Al Muhairbi, Secretary-General of the Dubai Supreme Council of Energy; ...

  Fujairah / Gulf Time PAN Emirates Home Furnishings, the leading indoor, patio, and outdoor furniture brand in the region opens its newest store as the biggest standalone store in Fujairah as part of Pan Emirates’ expansion strategy to extend its reach and strengthen its presence in the region. The opening in Fujairah is meaningful as it is Pan Emirates’ ...

  DUBAI / Gulf Time dnata Representation Services, part of the dnata Travel group, is growing its partnership with the Banyan Tree group across Thailand as the country emerges as one of the most popular international travel destinations from the GCC countries this year. dnata representation services has acted as exclusive sales representative in the Middle East for the Banyan ...

  Dubai / Gulf Time Concept Brands Group is a leading brand house of luxury products operating out of Dubai, UAE. Concept’s objective is to meet the requirements of all connoisseurs and brand conscious customers in the region. The company deals in luxurious products and ensures that it reaches the customers at very competitive prices. The main activities of the ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed the restructuring of the Social Welfare Progarmme of low-income citizens into an integrated programme worth AED28 billion instead of AED14 billion. The move aimed at raising the annual social support allocation from AED2.7 billion to AED5 billion. The directive of President His Highness Sheikh ...

  Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said the comprehensive economic partnership agreements (CEPA) signed by the UAE with India, Israel and Indonesia in the first half of 2022 will help grow the national economy by 2.6 percent by 2030. In his statement to the Emirates News Agency (WAM), he ...

  Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) on Monday signed a memorandum of understanding (MoU) with GE Digital to accelerate the digital transformation of the emirate’s manufacturing sector by leveraging innovative solutions to strengthen the UAE’s position as a global hub for the Fourth Industrial Revolution (Industry 4.0). The agreement was signed by Sameh ...

  Bloomberg Russia’s seaborne crude exports in the seven days to July 1 rebounded from the previous week’s plunge, but shipments to Asia are slipping, even as flows are diverted to the country’s Black Sea terminal to cut the voyage distance to India. Aggregate crude flows from Russian ports were up week-on-week by 23%, recovering most of the volume lost ...

  Bloomberg Natural gas in Europe rises to the highest level in almost four months as planned strikes in Norway threaten to further tighten a market that’s already reeling from Russia’s supply cuts. Benchmark futures, which have more than doubled this year, surged as much as 10% on Monday. About 13% of Norway’s daily gas exports are at risk amid ...

Negative oil prices were one of the craziest moments ever in the energy market. At one point in April 2020, a seller paid a buyer $40 for a barrel of West Texas Intermediate. We’re going to need another crazy moment if Europe is going to make it through the winter. How about this: Pay consumers not to consume electricity. A ...