TEL AVIV / WAM The United Arab Emirates, the United States of America, and Israel, have announced the establishment of the Abraham Fund, which fulfills a commitment made in the Abraham Accords. Through this fund, the UAE, the US International Development Finance Corporation, and Israel will mobilise more than $3 billion in private sector-led investment and development initiatives to promote ...

DUBAI / WAM The UAE, represented by the General Civil Aviation Authority (GCAA), signed an agreement on air transport services in its initials with the Civil Aviation Authority in the Kingdom of Tonga at the GCAA’s headquarters in Dubai, with the aim of strengthening bilateral air relations between the two countries. Saif Mohammed Al Suwaidi, Director-General of the UAE General ...

Abu Dhabi / WAM The UAE has been ranked among the top three global commodity trading hubs, according to Dubai Multi Commodities Centre’s (DMCC) latest Future of Trade 2020 report. The Commodity Trade Index (CTI) assesses the role of 10 key trading hubs within global trade. The rankings are based on an analysis of 10 indicators across the three key ...

Bloomberg Oil extended declines as Opec+ warned of a precarious outlook for the market while a resurgent virus hits consumption. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman, speaking at the coalition’s committee meeting called on the group to be proactive in the face of uncertain demand. The comments are strengthening expectations that Opec and its allies will delay plans ...

DUBAI / WAM Dubai’s dnata has announced it further expanded its footprint in the Asia-Pacific region and entered the Indonesian aviation market by partnering with PT UNEX Rajawali Indonesia (Unex). Based at Soekarno-Hatta International Airport (CGK) Jakarta, Unex is a leading ground handling and cargo warehouse company. The strategic partnership will see dnata and Unex enhance ground handling capacity in ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has directed to build a mosque named after Indonesian President Joko Widodo, in Diplomatic Area in Abu Dhabi. His Highness Sheikh Mohamed also gave directions to rename Al Ma’arid Street, one of the capital’s ...

Abu Dhabi / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, has affirmed during her meeting with the Commissioner-General of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), Philippe Lazzarini, that the UAE was one of the first countries to provide support to UNRWA. Moreover, the minister underscored that ...

DUBAI / WAM Emirates airline and Airlink announced an interline agreement, widening Emirates’ reach into Southern Africa as countries begin opening their borders for travellers. Emirates’ agreement with Airlink will provide its customers enhanced connectivity via its gateways Johannesburg and Cape Town to more than 25 domestic destinations in South Africa and more than 20 regional destinations in Southern Africa. ...

DUBAI / WAM Emirates Post, in collaboration with Mohammed Bin Rashid Space Centre and the UAE Space Agency, issued on Tuesday the distinctive commemorative stamp ‘Emirates Mars Mission – Hope Probe’ to celebrate the UAE’s historic first mission to the Mars and its broader space ambitions. The commemorative stamps feature four different images, two of which illustrates the design of ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 112,196 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 1,077 new coronavirus cases, bringing the total number of recorded cases in the UAE to 117,594. The ministry also noted an additional ...