Bloomberg Oil held its earlier gains as the European Union (EU) was said to plan a phaseout of Russian coal imports but steer clear of sanctioning the country’s oil and gas for now. West Texas Intermediate was up 1.2% after earlier advancing as much as 2.2%. EU nations are deeply split over the next steps to take against Russia, ...

  ABU DHABI / WAM The Federal Authority for Identity, Citizenship, Customs and Ports Security has announced the suspension of the issuance of the residence sticker for foreigners residing in the UAE as of April 11. The goal is to develop services provided to customers and enhance their happiness. The Emirates ID card issued to foreigners residing in the UAE ...

  DUBAI / WAM The Dubai Gold & Commodities Exchange (DGCX) recorded a monthly Average Open Interest (AOI) of 134,154 contracts during the month of March, and registered trading volume with a total value of $15.74 billion. In response to further inflation, policy decisions and continued geo-political conflict around the globe, there was a surge in demand for DGCX’s G6 ...

Bloomberg The World Bank has lowered its growth forecasts for East Asia and the Pacific to 5% from 5.4% forecast in October, and warned growth could slow to 4% if conditions weaken further. The latest outlook reflects a hit to the region from Russia’s invasion of Ukraine, rising interest rates in the US and slowing growth in China. Ongoing supply ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has concluded its first-ever Visit Abu Dhabi Roadshow event in Tel Aviv, Israel, with the successful two-day event hosted in partnership with Etihad Airways and Experience Hub. The roadshow saw key stakeholders join DCT Abu Dhabi representatives to showcase the UAE capital as the ...

  Sharjah / WAM The Expo Centre Sharjah has announced its 2022 events calendar, packed with 17 diverse exhibitions beginning on April 12, with five specialised and innovative events organised in the first quarter of the year, attracting thousands of visitors and exhibitors from all over the world. The centre’s calendar includes major local and regional exhibitions and events, most ...

  Sharjah / WAM The Expo Centre Sharjah has announced its 2022 events calendar, packed with 17 diverse exhibitions beginning on April 12, with five specialised and innovative events organised in the first quarter of the year, attracting thousands of visitors and exhibitors from all over the world. The Centre’s calendar includes major local and regional exhibitions and events, most ...

  Sharjah / WAM Sharjah will highlight the rich and vibrant legacy of Emirati and Arab literature and leading discussions on the current and future challenges impacting the global publishing sector at the 49th London Book Fair (LBF) taking place until April 7. The emirate is also being honoured as ‘Market Focus’, becoming the first representative of an Arab country ...

  DUBAI / WAM Suhail bin Mohammed Al Mazrouei, the UAE Minister of Energy and Infrastructure, chaired the second meeting of the UAE Infrastructure and Housing Council, which was held virtually in the presence of its members. Al Mazrouei affirmed that the advanced infrastructure of the UAE represents a stimulating environment for accelerating the pace of sustainable development, prosperity and ...

  Dubai / Gulf Time Emirates Islamic, one of the leading Islamic financial institutions in the UAE, is commencing the holy month of Ramadan with several charitable, humanitarian and community initiatives, including providing financial support to the Khalifa Foundation for Charitable and Humanitarian Works, through the Emirates Islamic Charity Fund. The bank distributed Meer Ramadan (essential foodstuff and commodities regularly ...