Bloomberg Oil slipped ahead of an Opec+ meeting that should see further output added to a market that the group sees as needing extra supply. West Texas Intermediate falls by 1.3% after losing more than 7% in August, the biggest monthly decline this year. The Organisation of Petroleum Exporting Countries (Opec) and its allies including Russia are expected to ratify ...

ABU DHABI / WAM The UAE has strongly condemned the terrorist Houthi militias’ attempts to attack civilians and civilian objects in Najran, Saudi Arabia on Wednesday with a ballistic missile, which was intercepted by Coalition Forces. In a statement by the Ministry of Foreign Affairs and International Cooperation, the UAE reiterated that these systematic terror attacks by the Houthis reflect ...

ABU DHABI / Emirates Business Abu Dhabi National Energy Company PJSC (Taqa), one of the largest listed integrated utility companies in the region, announced that it has initiated a strategic review of its oil and gas operations. Since 2005, Taqa has built a high-quality portfolio of upstream and midstream operations in the UK North Sea, the Netherlands, Canada and the ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) announced on Wednesday that it has taken a key step towards launching a derivatives market this year by signing an agreement with Nasdaq (Nasdaq: NDAQ) to deliver marketplace technology solutions, including matching, real-time clearing and settlement technology. ADX is rapidly expanding asset classes and developing new offerings for both regional and ...

Dubai / WAM DMCC, a Free Zone and Government of Dubai Authority on commodities trade and enterprise, on Wednesday announced it recorded its best August on record since its establishment in 2002, with 204 new member companies registered, and best eight-month performance in seven years. This builds on the business district’s record-breaking success in recent months, with a strong performance ...

AL AIN / WAM The UAE’s land ports have begun receiving travellers from Oman, after verifying the readiness of all ports and ensuring the implementation of national precautionary measures aimed at curbing the spread of Covid-19. Khalifa Hamad Al Shamsi, Director of the Land Ports Department at Public Authority for Security of Ports, Borders and Free Zones in the country, ...

Dubai / WAM DMCC, a Free Zone and Government of Dubai Authority on commodities trade and enterprise, on Wednesday announced it recorded its best August on record since its establishment in 2002, with 204 new member companies registered, and best eight-month performance in seven years. This builds on the business district’s record-breaking success in recent months, with a strong performance ...

Abu Dhabi / WAM Under the supervision of the Higher Committee of Digital Government in the Emirate of Abu Dhabi, the Department of Government Support (DGS) represented by the Abu Dhabi Digital Authority (ADDA) has announced the official internet top level domain name for the Emirate of Abu Dhabi, “.abudhabi”, which represents the digital identity of the emirate in the ...

Dubai / WAM Emirates will receive three more A380 aircraft from Airbus this year with its last unit on order scheduled to join its fleet in November, bringing forward the original delivery timeline from June 2022. All three new A380s to be delivered will be fitted out with Emirates’ much lauded Premium Economy cabin as well as its latest A380 ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 259,569 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...